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Updated: 33 min 35 sec ago CEO hits back at shareholders over personal stock sale

Fri, 05/17/2019 - 20:10 Inc Chief Executive Officer Patrick Byrne on Friday hit out at shareholders who questioned the sale of a portion of his stake in the company, after the online retailer's shares plunged on Thursday following the disclosure of his move.

German finance minister expects OECD deal on digital tax in 2020

Fri, 05/17/2019 - 19:39
German Finance Minister Olaf Scholz said on Friday he expected the Organisation for Economic Cooperation and Development (OECD) will agree a minimum level of taxation for digital companies such as Amazon, Google and Facebook by mid-2020.

Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

Fri, 05/17/2019 - 19:07
Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash.

Amazon squares up to Uber with backing for UK food app Deliveroo

Fri, 05/17/2019 - 18:59
Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.

Samsung to spend more than $14 billion in second phase of China chip plant: Xinhua

Fri, 05/17/2019 - 18:24
South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China's official Xinhua news agency reported on Friday citing a Samsung executive.

Google, Facebook, Twitter rapped for not doing enough in EU fake news fight

Fri, 05/17/2019 - 18:01
Facebook, Google and Twitter were reprimanded by the European Commission on Friday for not doing enough to tackle fake news plaguing the election campaign to the European Parliament, seven months after promising to do more.

Tall chip tale? Huawei's backup plans leave experts unconvinced

Fri, 05/17/2019 - 16:46
Chip experts are calling out Huawei for its claims that it could ensure a steady supply chain without U.S. help, saying the technology the Chinese telecoms network gear maker buys from American companies would be "hard to replace".

Italy's watchdog investigates Google for alleged antitrust abuse

Fri, 05/17/2019 - 16:18
Italy's competition watchdog said on Friday it had opened an investigation into alleged abuse of a dominant market position by Google in the smart device sector.

Italy's antitrust opens abuse of dominant position probe into Google

Fri, 05/17/2019 - 13:36
Italy's competition watchdog said on Friday it had opened an investigation into alleged abuse of a dominant market position by Google in the smart device sector.

Air taxi startup Lilium stages test 'hover' of five-seater prototype

Fri, 05/17/2019 - 11:18
Air taxi startup Lilium has staged a successful maiden flight of a five-seater prototype that it hopes to bring into service by 2025 to whisk passengers between cities without the hassle of an airport check-in.

Baidu swings to net loss for first time since listing, shares fall

Fri, 05/17/2019 - 10:31
Chinese search engine operator Baidu Inc booked its first quarterly loss since at least 2015 and forecast quarterly revenue below market estimates, saying a "challenging marketing environment" is sapping income from advertisers.

Huawei's Hisilicon says it has long been preparing for U.S. ban scenario

Fri, 05/17/2019 - 09:28
Huawei subsidiary Hisilicon said that it had long been anticipating the possibility that the firm could one day be unable to obtain chips and technology from the United States and had prepared to soften any impact.

SpaceX postpones Starlink satellite launch again, for 'about a week'

Fri, 05/17/2019 - 08:35
A SpaceX launch already scrubbed once due to inclement weather was postponed again nearly 24 hours later on Thursday, this time for "about a week," in order to update satellite software and "triple-check everything," Elon Musk's rocket company said.

Japan Finance Minister Aso says Huawei ban could affect Japanese firms

Fri, 05/17/2019 - 07:54
A U.S. bid to block China's Huawei Technologies from buying vital American technology could affect Japanese companies and weigh on economic growth, Japanese Finance Minister Taro Aso said on Friday.

California bill to expand privacy protections fails

Fri, 05/17/2019 - 07:02
California's senate blocked a bill on Thursday that would have expanded the ability of consumers to sue companies over their handling of personal data, a win for tech industry groups concerned about wide-ranging privacy lawsuits.

China's Huawei restricted from using U.S. suppliers

Fri, 05/17/2019 - 06:23
The Trump administration on Thursday officially added China's Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.

Nvidia revenue forecast beats as demand for gaming chip rises

Fri, 05/17/2019 - 06:20
Nvidia Corp forecast second-quarter revenue above Wall Street estimates on Thursday, as it expects sales of its graphics chip to benefit from a recovery in the gaming market.

Exclusive: Banks to invest around $50 million in digital cash settlement project - sources

Fri, 05/17/2019 - 05:50
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.

Nvidia revenue forecast beats estimates on higher demand for graphic chips

Fri, 05/17/2019 - 05:36
Nvidia Corp forecast second-quarter revenue above Wall Street estimates, saying that its graphics chip business returned to growth, sending the chipmaker's shares up about 6% in extended trading.

Pinterest shares plummet on disappointing 2019 revenue forecast

Fri, 05/17/2019 - 05:32
Pinterest Inc on Thursday gave an unimpressive full-year 2019 revenue forecast after first-quarter sales beat estimates in its first quarter as a publicly traded company, sending shares down 16% in extended trading.