ZURICH (Reuters) – The Swiss government took a downbeat view of creating a central bank digital currency for public use, saying it could do more harm than good and destabilize the financial system. FILE PHOTO: Swiss 100 franc bank notes are withdrawn from an ATM in the northern Swiss town of Kreuzlingen in this picture
Technology
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake (Reuters) – Broadcom Inc (AVGO.O) forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects to benefit from strong demand for its chips from rising 5G adoption
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo BRUSSELS (Reuters) – Nokia on Thursday said that German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their licensing dispute. “We expect the mediation to take place
(Reuters) – Ping An Insurance’s OneConnect Financial Technology on Wednesday downsized its planned U.S. initial public offering by 28% and lowered its target valuation, dealing yet another blow to its investor SoftBank (9984.T), which is still reeling from the fallout of WeWork’s failed listing. OneConnect set a price range of $9 to $10 per share
PITTSBURGH/DETROIT (Reuters) – Sky’s the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit. FILE PHOTO: An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City, New York, U.S., July 12,
(Reuters) – A million people a month are signing up for fitness-tracking app Strava, which now tracks activity trends of 48 million people in 195 countries, the company said in its ‘Year in Sport’ report published on Wednesday. FILE PHOTO: The logo of Strava Inc covers a wall at the fitness app company’s headquarters in
(Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc (NFLX.O) on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. FILE PHOTO: The Netflix logo is shown in this illustration photograph in
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar SAN JOSE, California – (Reuters) – Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing
FILE PHOTO: European Commissioner-designate for Europe Fit for Digital Age Margrethe Vestager of Denmark adjusts an earphone during her hearing before the European Parliament in Brussels, Belgium October 8, 2019. REUTERS/Francois Lenoir/File Photo BRUSSELS (Reuters) – EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. FILE PHOTO: The Google logo is displayed outside the company offices in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File Photo As Facebook’s plan for
FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor/File Photo SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the
(Reuters) – Elon Musk’s daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with his willingness to defend at a high-stakes trial a lawsuit over an off-the-cuff tweet. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet
LOS ANGELES (Reuters) – Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter. The unanimous verdict by a panel of five
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – Amazon.com Inc said on Friday it would open a new office in New York’s Manhattan to house its consumer and advertising teams. The office will open
A China-made Tesla Model 3 electric vehicle is seen ahead of the Guangzhou auto show in Guangzhou, Guangdong province, China November 21, 2019. REUTERS/Yilei Sun BEIJING (Reuters) – Tesla Inc (TSLA.O) said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into
(Reuters) – Facebook Inc (FB.O) on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities’ photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements. FILE PHOTO: Facebook logos are seen on a screen in this picture