The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
Caught between a Sino-U.S. trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing production and laying off hundreds of jobs, firms told Reuters.
United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.
Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.
South Korea protested on Wednesday against a Japanese plan to remove it from a Japanese list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.
China's ByteDance is venturing into artificial-intelligence (AI) generated music, hiring the staff of a London-based start-up after buying some of its intellectual property assets, according to LinkedIn posts and a person with knowledge of the matter.
Wix.com, which helps small businesses build and operate websites, reported higher profit in the second quarter and raised its revenue forecast for 2019.
Cardiff-based IQE Plc said on Wednesday it had started initial production for a second major customer at its recently constructed Newport factory, with more contracts in the pipeline as it seeks to reassure investors about the impact of global trade restrictions on its business.