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  • Apple launches payments service in Germany following delay

    December 11, 2018 5:26 PM 147

    FRANKFURT (Reuters) - Apple has launched its mobile payments service in Germany, four years after its start in the United States and trailing Google, which started its payments app in the country in June. Customers at banks such as Deutsche Bank, Commerzbank unit Comdirect, Hypovereinsbank, Wirecard, Hanseatic Bank and of credit card providers Mastercard

  • Fintech startup Plaid valued at $2.65 billion in latest funding round: source

    December 11, 2018 2:36 PM 136

    (Reuters) - Fintech startup Plaid has raised $250 million in its latest funding round led by one of Silicon Valley’s top investors, Mary Meeker, which according to a source familiar with the matter values the company at $2.65 billion. The company, which counts Goldman Sachs, American Express and Citigroup as its investors, said on Tuesday it expects

  • Google CEO Sundar Pichai testifies before House committee

    December 11, 2018 2:07 PM 281

    Google CEO Sundar Pichai testified before the House Judiciary Committee on Tuesday amid allegations of anti-conservative bias and privacy violations on the platform. In his prepared remarks, released Monday, Pichai said the tech giant is not a haven for political bias. "I lead this company without political bias and work to ensure that our products continue

  • China ruling could ban some Apple iPhones sales amid Qualcomm fight

    December 10, 2018 11:48 PM 152

    (Reuters) - Chip supplier Qualcomm Inc said on Monday it had won an order from a Chinese court banning the sale of several older Apple Inc iPhone models in China because of two patent violations, although Apple said its phones remained on sale. The preliminary order from the Fuzhou Intermediate People’s Court, issued last week, affects the iPhone 6S through

  • Austrian retailers file antitrust complaint against Amazon

    December 10, 2018 1:29 PM 161

    VIENNA (Reuters) - Austrian retailers have filed a complaint against Amazon with their national competition authority over the U.S. e-commerce giant’s dual role as a retailer and a marketplace. The European Commission and Germany’s antitrust authority are also looking into Amazon’s role in the market. “We have received a complaint. We are examining it,” a spokeswoman

  • China says rejecting physical cash is illegal amid e-payments popularity

    December 10, 2018 12:52 AM 142

    SHANGHAI (Reuters) - China’s central bank on Monday warned that rejecting cash as a form of payment was illegal, saying that such practices could eventually could cause the loss of confidence in physical money and was unfair to those not accustomed to electronic payments. Its comments, made in a post on its official WeChat account, come as electronic

  • Exclusive: Chat-service firm Slack taps Goldman Sachs to lead IPO

    December 7, 2018 10:07 PM 194

    (Reuters) - Slack Technologies Inc, a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc (GS.N) to lead its initial public offering (IPO) next year as an underwriter, people familiar with the matter said. The San Francisco-based company is among a string of Silicon Valley unicorns expected

  • Russia says detention of China's Huawei CFO shows U.S. arrogance

    December 7, 2018 8:08 PM 159

    MILAN (Reuters) - Russian Foreign Minister Sergei Lavrov said on Friday that the detention of Chinese technology giant Huawei’s HWT.UL chief financial officer in Canada was an example of “arrogant” U.S. policy abroad. Speaking at a news conference in Milan, Lavrov said the detention showed how Washington imposes its laws beyond its jurisdiction

  • Kudlow says does not see Huawei issue spilling into trade talks with China: CNBC

    December 7, 2018 3:32 PM 158

    (Reuters) - White House economic adviser Larry Kudlow told CNBC on Friday that he does not see the recent controversy surrounding China’s Huawei Technologies Co Ltd spilling into the trade talks between the United States and China. Huawei Chief Financial Officer Meng Wanzhou, who is under arrest in Canada, is set to appear in a Vancouver court on Friday

  • Britain's O2 to compensate customers with phone credit after data outage

    December 7, 2018 2:32 PM 162

    (Reuters) - British mobile operator O2 said on Friday it would compensate customers with phone credit, a day after a software glitch caused smartphone users to lose internet access. The company, which is owned by Spain’s Telefonica, said it planned to credit two days of monthly airtime subscription charges for its monthly customers, by the end of January