U.S. to strictly enforce anti-money laundering rules in cryptocurrencies: FinCEN chief The U.S. government will strictly enforce a rule that requires cryptocurrency firms engaged in money service businesses such as digital asset exchanges and wallet service providers to share information about their customers, Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said on Friday UK's Labour plans high-speed connection to voter hearts with BT nationalization Britain's opposition Labour Party plans to nationalize BT's broadband network to provide free internet for all if it wins power, making a radical election pledge to roll back 35 years of private ownership that caught both the company and its shareholders by surprise. Explainer: What's behind Labour's plan to overhaul BT and the British broadband network? Britain's opposition Labour Party says if it wins the Dec. 12 election it will nationalize BT's broadband network and provide free internet for all within a decade, a radical election pledge to roll back decades of private ownership. Telecom Italia to include own fiber assets in broadband network bid Italy's biggest phone group Telecom Italia (TIM) is asking infrastructure funds to come up with bids next week for the assets of smaller broadband rival Open Fiber that will include its own last-mile network, sources said. Amazon challenges Pentagon's $10-billion cloud award to Microsoft Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process. Alphabet fleshes out plan to develop Toronto smart city Alphabet's Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said. Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources Alibaba's order books for its $13.4 billion Hong Kong share sale have already been covered "multiple times," sources with direct knowledge of the matter said on Friday, as the ecommerce group kicked off its campaign for the secondary listing in the city gripped by protests. U.S. defense chief rejects Amazon's accusations of bias in cloud contract U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it. Timeline: Amazon challenges Pentagon awarding $10 billion cloud deal to Microsoft Amazon.com Inc said on Thursday it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process. Apple warns of risks from German law to open up mobile payments Apple said on Friday moves in Germany to force it to open up its Apple Pay mobile payments system to rivals could hurt data protection and the security of financial information. Former Apple chip executives found company to take on Intel, AMD Three of Apple Inc's former top semiconductor executives in charge of iPhone chips have founded a startup to design processors for data centers, aiming to take on current industry leaders Intel Corp and Advanced Micro Devices Inc. Corbyn's BT plans would be illegal under EU law, UK Conservatives say British opposition Labour Party leader Jeremy Corbyn's plans to nationalize part of BT to offer people free internet would be illegal under European Union state aid rules, the Conservative Party said. Factbox: UK Plc in state hands - What companies would a Labour government nationalize? Britain's opposition Labour Party has announced plans to nationalize BT's broadband network if it wins next month's general election, part of sweeping plans to reverse decades of pro-privatization public policy. 'Crazed Communist scheme,' PM Johnson says of Corbyn's plan for BT British Prime Minister Boris Johnson said Labour Party leader Jeremy Corbyn's plan to nationalize BT's network was a "crazed Communist scheme". Volkswagen to invest 60 billion euro in e-mobility, digital tech by 2024 Volkswagen will invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday. Apple could raise annual ad income to $11 billion by 2025: JPMorgan The launch of Apple TV+, coupled with Apple Inc's foray into digital services, could help the company increase its income from advertising by more than five fold to $11 billion annually within the next six years, analysts from JP Morgan said on Friday. U.S. trade groups raise alarm over Canadian digital services tax More than a dozen U.S. trade groups and the U.S. Chamber of Commerce on Friday urged the Trump administration to block a French-style digital services tax proposed by Canadian Prime Minister Justin Trudeau during October's election. UK PM Johnson says Labour's plan to part-nationalise BT is 'crackpot' British Prime Minister Boris Johnson said a pre-election promise by the opposition Labour Party to nationalize telecoms provider BT's fixed line network to provide free full-fiber broadband for all is a "crackpot scheme." Usain Bolt brings his e-scooter to Japan despite regulatory road bumps Nine-time Olympic gold medalist Usain Bolt is bringing his electric scooters to Japan, hopeful that his celebrity status will help persuade regulators that the environmental benefits are important enough to relax some of the curbs on their use. Labour's McDonnell says broadband plan is the limit of nationalization plans A plan to nationalize parts of BT to provide free broadband to everyone in Britain marks the extent of the opposition Labour Party's nationalization policy, its finance spokesman John McDonnell said on Friday.