SAN FRANCISCO (Reuters) – Quarterly results from Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley’s titans. Alphabet, the owner of Google and YouTube, and Facebook, the world’s largest social network, each produced
TOKYO (Reuters) – Japan’s Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn. With a profit recovery firmly underway, Sharp is preparing to take the offensive to regain lost presence in electronics
(Reuters) – Chipmaker Intel Corp raised its full-year revenue and profit forecasts on higher expectations for its mainstay personal computer business and growth in newer areas such as artificial intelligence and autonomous driving. Shares of the world’s largest chipmaker, which also beat second-quarter estimates, were up 1.3 percent in after-hours trading on Thursday. Intel has
SAN FRANCISCO (Reuters) – Russian intelligence agents attempted to spy on President Emmanuel Macron’s election campaign earlier this year by creating phony Facebook personas, according to a U.S. congressman and two other people briefed on the effort. About two dozen Facebook accounts were created to conduct surveillance on Macron campaign officials and others close to
SINGAPORE (Reuters) – Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant’s biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. While Amazon already delivered to Singapore, higher-end services had not been available, including Prime subscriptions which provide access to the company’s
(Reuters) – Digital payments company PayPal Holdings Inc raised its earnings outlook on Wednesday after reporting better-than-expected quarterly results, driven by growth in users and transaction volumes. The San Jose, California-based company beat Wall Street expectations for both profit and revenue in the second quarter, and raised its full-year adjusted earnings forecast to a range
ATHENS (Reuters) – Greek police arrested a Russian man suspected of running a money laundering operation involving turning $4 billion from illicit business activities into the digital currency bitcoin, they said on Wednesday. Police did not name the 38-year-old, who was arrested in the northern Greek region of Chalkidiki on Monday on a U.S. warrant.
SAN FRANCISCO (Reuters) – The Trump administration’s refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official websites in Qatar, helping to create a regional crisis; suspected
(Reuters) – Tesla Inc’s Model S sedan regained Consumer Reports’ top rating in its vehicle class, the magazine said on Tuesday, after the automaker updated the emergency braking system on the vehicle. Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking (AEB) at highway speeds,
FRANKFURT (Reuters) – BMW on Tuesday said its plant in Oxford, England has been chosen as the location to produce an electric Mini in 2019, confirming an earlier Reuters report. “The electric MINI’s electric drivetrain will be built at the BMW Group’s e-mobility center at Plants Dingolfing and Landshut in Bavaria before being integrated into
SAN FRANCISCO (Reuters) – Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet. Alphabet, the owner of Google and YouTube, said it made
STOCKHOLM (Reuters) – Swedish Prime Minister Stefan Lofven said on Monday his country and its citizens were exposed to risks by potential leaks of sensitive material from an IT-contract that one official said had been rushed. Lofven told a news conference he regretted he had not been informed earlier about the issue, which stems from
KUALA LUMPUR (Reuters) – CIMB Group Holdings Bhd, Malaysia’s second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services. The CIMB unit, Touch ‘n Go Sdn Bhd, will be majority shareholder and Ant Financial a
MADRID (Reuters) – Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on the U.S.
TOKYO (Reuters) – Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday. The model will be based on the C-HR sport utility vehicle and manufactured for Chinese market only, the report said without citing sources. The pace of production