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Updated: 4 years 22 weeks ago
UPDATE 1-WhatsApp, Paypal invest in Indonesian payment and ride-hailing firm Gojek
Facebook Inc messaging
platform WhatsApp and Paypal Holdings Inc on Wednesday
said they have invested in payment and ride-hailing firm Gojek
as part of the Indonesian firm's ongoing fundraising round.
Categories: Business News
Tensions simmer in Hong Kong as controversial anthem law back up for debate
Hong Kong lawmakers are set to
resume a debate on Wednesday over a controversial bill that
would make disrespecting China's national anthem a criminal
offence, as the city ramps up for fresh protests amid simmering
anti-government tensions.
Categories: Business News
U.S. oil companies monitor Gulf of Mexico storm
U.S. oil companies are
monitoring the first tropical storm of the 2020 Atlantic
hurricane season to threaten the offshore oil patch in the
U.S.-regulated northern Gulf of Mexico.
Categories: Business News
Facebook takes down white nationalist and fake antifa accounts
Facebook Inc said
Tuesday it has suspended accounts associated with white
nationalist groups after some advocated bringing weapons to the
current wave of anti-racist protests.
Categories: Business News
PRESS DIGEST-Financial Times - June 3
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Categories: Business News
Death of reality TV show star in Japan spotlights cyber bullying
The recent death of Hana Kimura, a
bubbly, pink-haired 22-year-old wrestler and reality TV show
star, has spotlighted a rise in cyber bullying in Japan and
prompted swift official pledges to do more to protect victims.
Categories: Business News
CORRECTED-UPDATE 3-Canadian telcos tap Ericsson, Nokia for 5G gear, ditching Huawei
Two of Canada's
largest telecoms firms on Tuesday teamed with Sweden's Ericsson
and Finland's Nokia Oyj to build
fifth-generation (5G) telecoms networks, ditching China's Huawei
Technologies for the project.
Categories: Business News
PRESS DIGEST- British Business - June 3
The following are the top stories on the business pages of
British newspapers. Reuters has not verified these stories and
does not vouch for their accuracy.
Categories: Business News
UPDATE 2-Google faces $5 bln lawsuit in U.S. for tracking 'private' internet use
Google was sued on Tuesday in a proposed
class action accusing the internet search company of illegally
invading the privacy of millions of users by pervasively
tracking their internet use through browsers set in "private"
mode.
Categories: Business News
UPDATE 4-Zoom nearly doubles revenue forecast on remote-work boost, but costs rising
Zoom Video Communications Inc
nearly doubled its expectations for annual sales on Tuesday,
driven by a surge in users as more people work from home and
connect with friends online during coronavirus lockdowns.
Categories: Business News
GLOBAL MARKETS-Asian stocks set to gain as stimulus hopes support risk appetite
Asian stocks were poised to
follow the global rally on Wednesday as hopes of more government
stimulus bolstered riskier assets and overshadowed a host of
other worries from the coronavirus to Hong Kong and growing U.S.
civil unrest.
Categories: Business News
UPDATE 3-Twitter names ex Google CFO Pichette as chair, Kordestani to stay on
Twitter Inc on Tuesday appointed
Patrick Pichette, a former chief financial officer at Google, as
the social network's board chairman, marking the first time in
Twitter's history that an outsider will preside over the group.
Categories: Business News
Google is sued in U.S. for tracking users' 'private' internet browsing
Google was sued on Tuesday in a proposed
class action accusing the internet search company of illegally
invading the privacy of millions of users by tracking their
internet use from browsers set in "private" browsing mode.
Categories: Business News
UPDATE 1-Rental fleet collapse drags down U.S. vehicle sales
The collapse in demand for new vehicles
from U.S. rental car fleets hit automakers hard in May, even as
consumer sales were stronger than expected as coronavirus
stay-at-home orders began to ease.
Categories: Business News
UPDATE 3-Canadian telcos tap Ericsson, Nokia for 5G gear, ditching Huawei
Two of Canada's largest
telecoms firms on Tuesday teamed with Sweden's Ericsson
and Finland's Nokia Oyj to build
fifth-generation (5G) telecoms networks, ditching China's Huawei
Technologies for the project.
Categories: Business News
UPDATE 3-Zoom doubles forecast for full-year revenue on remote-work boost
Zoom Video Communications Inc
nearly doubled its expectations for annual sales on Tuesday,
driven by a surge in users as more people work from home and
connect with friends online during coronavirus lockdowns.
Categories: Business News
UPDATE 3-Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional
An advocacy group backed by
the tech industry sued President Donald Trump on Tuesday over
his executive order that would weaken a law protecting online
platforms including social media companies that label or
fact-check his posts.
Categories: Business News
UPDATE 2-Twitter names ex-Google CFO Patrick Pichette chairman
Twitter Inc said on Tuesday that
it appointed Patrick Pichette, former chief financial officer at
Google, as chairman, replacing Omid Kordestani.
Categories: Business News
UPDATE 1-Lyft says May rides jump 26% from prior month
Ride-hailing firm Lyft Inc said
on Tuesday that rides on its platform rose 26% in May from the
previous month helped by strong growth in cities where
coronavirus-induced restrictions have been eased.
Categories: Business News
UPDATE 1-U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX
U.S. Federal Aviation
Administration chief Steve Dickson will testify June 17 before a
U.S. Senate panel on certification of the Boeing 737 MAX
that was involved in two fatal crashes in five months that
killed 346 people.
Categories: Business News
