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- Germany to extend electric company car tax incentives: paper
Sat, 16 Feb 2019 11:04:11 -0500
German Finance Minister Olaf Scholz plans to extend tax incentives for electric company cars, he told a newspaper on Saturday, the government's latest attempt to boost demand for clean vehicles.
- Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
Sat, 16 Feb 2019 07:35:11 -0500
Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.
- Amazon invites Ocasio-Cortez for tour, calls worker claims untrue
Fri, 15 Feb 2019 18:33:03 -0500
A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.
- Lyft to woo investors with fast U.S. growth in IPO race with Uber
Fri, 15 Feb 2019 18:04:17 -0500
Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter.
- How Amazon scrapped its plans for a New York headquarters
Fri, 15 Feb 2019 16:58:57 -0500
More than a year of work to bring Amazon.com Inc's headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls.
- Amazon places big bet on aspiring Tesla rival Rivian
Fri, 15 Feb 2019 16:42:26 -0500
Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector.
- Alphabet unit seeks share of property taxes for Toronto smart city
Fri, 15 Feb 2019 13:51:11 -0500
Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company's slide presentation made public on Friday.
- Private equity firms win over Scout24 with improved $6.4 billion bid
Fri, 15 Feb 2019 13:27:38 -0500
Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.
- Visa, Mastercard mull increasing fees for processing transactions: WSJ
Fri, 15 Feb 2019 13:11:45 -0500
Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.
- Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
Fri, 15 Feb 2019 13:03:12 -0500
Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.
- U.S. fines Cognizant, charges 2 former top execs in India bribery case
Fri, 15 Feb 2019 12:10:36 -0500
U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case.
- Nvidia forecasts demand rebound, Wall Street not so sure
Fri, 15 Feb 2019 10:10:40 -0500
Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" given weak demand and the ongoing U.S.-China trade war.
- Telecoms industry calls for Europe-wide network testing regime
Fri, 15 Feb 2019 09:18:51 -0500
The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market.
- Billionaire Stanley Druckenmiller placed bet against Tesla during Q4
Fri, 15 Feb 2019 09:17:57 -0500
Billionaire investor Stanley Druckenmiller bet against electric carmaker Tesla Inc during the fourth quarter, wagering that its share price will fall, according to quarterly filings released on Thursday.
- It's complicated, says Britain's MI6 spymaster on Huawei 5G issue
Fri, 15 Feb 2019 08:12:02 -0500
Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks, but there are no easy answers to concerns about using Chinese supplier Huawei, the chief of Britain's foreign intelligence service said on Friday.
- Seizing on Huawei's troubles, Samsung bets big on network gear
Fri, 15 Feb 2019 07:42:25 -0500
Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China's Huawei, according to company officials and other industry executives.
- Australian miner Fortescue says two driverless trucks involved in low-speed incident
Fri, 15 Feb 2019 04:31:05 -0500
Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, traveling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week.
- Germany looks into tax move on foreign internet firms: report
Fri, 15 Feb 2019 02:25:16 -0500
Germany's finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies such as Google or Facebook from German operators, Wirtschaftswoche magazine reported on Friday.
- Exclusive: Alibaba in talks on stake in China operations of Germany's Metro - sources
Fri, 15 Feb 2019 01:15:42 -0500
Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany's Metro about taking a stake in the German wholesaler's China operations, three sources told Reuters on Thursday.
- China ride-hailing giant Didi to lay off 15 percent staff this year: source
Fri, 15 Feb 2019 00:45:31 -0500
Didi Chuxing will lay off 15 percent of its staff or about 2,000 people this year, a source said, marking the ride-hailing firm's first major cut back as it grapples with regulatory scrutiny and public backlash over the murder of two of its users.