TECHNOLOGY

Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales.

Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity.

Alphabet Inc's Google LLC was hit on Monday with a U.S. lawsuit alleging it copied a smaller firm's patented digital advertising technology.

U.S. House of Representatives Intelligence Committee Chairman Adam Schiff on Monday pressed major social media companies on how they plan to handle the threat of deepfake images and videos on their platforms ahead of the 2020 elections.

A Republican lawmaker on Monday introduced legislation to boost the presence of U.S. firms in global industry standards bodies to combat China's rising influence in next-generation 5G cellular network technology.

U.S. Treasury Secretary Steve Mnuchin on Monday voiced serious concern that Facebook Inc's proposed Libra cryptocurrency could be misused for money laundering, adding to the growing regulatory skepticism of the social media company's digital asset plans.

Canada is likely to postpone a decision on whether to allow China's Huawei Technologies Co Ltd to supply 5G network equipment until after the October federal election, given increasingly strained relations with Beijing, say three well-placed sources.

Google's top government affairs official said on Monday that the search engine does not discriminate against conservative viewpoints and that he will reiterate that to a U.S. Senate panel on Tuesday.

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin.