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TECHNOLOGY

Facebook to fund trainee local newspaper reporters in Britain

Facebook is donating 4.5 million pounds ($5.8 million) to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant.

Telecom Italia gets new CEO but power struggle rages on

Luigi Gubitosi's appointment as Telecom Italia's new chief executive lifted shares more than 4 percent on Monday as investors bet the veteran Italian manager could push through an aggressive shake-up of Italy's biggest phone group.

VW embarks on $50 billion electrification plan

Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.

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