reuters tech news

Russia fines Google for failing to filter search results
Russia's communications watchdog fined Google 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information.
G7 urges tough Libra regulation, agrees to tax digital giants
Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday.
Stablecoins like Libra must be held to highest standards: G7
Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded.
Online bank N26 extends latest funding round in expansion push
Berlin-based N26 said on Thursday it raised an additional $170 million in its latest funding round, driving up its valuation to $3.5 billion, as the online bank looks to speed up expansion to markets outside Europe including the U.S.
Indonesia aims to start electric vehicle production in 2022
Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.
EU clears Vodafone's $22 billion Liberty deal
Brussels gave its blessing to Vodafone's $22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.
Netflix shares plunge as global growth falls short, U.S. customers shrink
Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
TSMC expects 5G to drive earnings, flags South Korea-Japan spat as risk
Taiwan's TSMC forecast that robust demand for 5G chips will drive a stronger second-half even as it anticipates a dispute between Japan and South Korea involving chip-making materials to be a big source of uncertainty.
Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
Japan to lead development of SWIFT network for cryptocurrency: source
Japan's government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering, a person familiar with the plan said on Thursday.
G7 finance chiefs agree to tackle digital tax challenges: summary
G7 finance ministers agreed to address the tax challenges raised by the digital economy and push ahead with plans for a minimum corporate tax level, a draft of the chair's summary seen by Reuters said on Thursday.
EBay beats second-quarter revenue estimates
(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)
Japan-South Korea gloom spurs worries of 'never seen before' chip price spike
Memory chip spot prices have risen for the first time this year, indicating grim warnings of "never seen before" spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.
China's Didi plans to relaunch Hitch service with new safety features
Chinese ride-hailing giant Didi Chuxing said on Thursday it was proposing to relaunch its Hitch carpooling service with added safety features, almost a year after suspending the service following the murder of a female passenger by her Didi driver.
Truckmaker Volvo lifts market view, picks Samsung for batteries
Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.
SAP says big margin gains to wait until 2020, shares down 10%
SAP told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, sending its shares sharply lower.
Netflix to roll out cheaper mobile-only plan for India
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.
Police need intercept tools as mobile networks develop: Europol
European law enforcement agencies set to lose the ability to tap criminals' mobile devices with the launch of 5G technology must be brought into discussions earlier when communications networks are modernized, the new head of Europol told Reuters.
SoftBank's Son says Japan lacks investment opportunities, is AI 'developing country'
SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).
Wirecard deal with AUTO1 first fruit of SoftBank alliance
German payments company Wirecard AG said on Thursday it was teaming up with car-dealing platform AUTO1 Group to offer digital financial services to consumers, in its first alliance with a company backed by Japan's SoftBank Group.