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BMW says talks with Apple don't involve developing a car

FRANKFURT - German carmaker BMW said on Thursday its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report.

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France, Luxembourg lose lower VAT rate battle on ebooks

BRUSSELS - France and Luxembourg lost their battle to apply reduced VAT rates to ebooks on Thursday when a top European court agreed with EU regulators that only paper books qualified for lower taxes.

7:14am EST

Huawei, Intel expand tie-up amid China's rising scrutiny of U.S. tech firms

BEIJING - China's Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland market.

China 12:35am EST

Self-driving cars could generate billions in revenue: U.S. study

DETROIT - Self-driving cars could generate billions of dollars a year in revenue from mobile internet services and products, even if occupants spend only a fraction of their free time on the web, according to a new study by McKinsey & Company.

4:09am EST

China backs e-commerce expansion in win for Alibaba,

BEIJING - China will back e-commerce development and guide international expansion by Chinese internet companies, Premier Li Keqiang said on Thursday, in an endorsement for firms such as Alibaba Group Holding Ltd and Inc .

12:12am EST

Continental wants to be partner on possible Apple car: CEO

BERLIN - Germany's Continental AG would be interested in acting as partner for technology giant Apple should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said.

5:03am EST

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