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Before yesterdayReuters Technology News

Disney CEO Bob Iger resigns from Apple board as TV battle looms

Apple Inc said on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business.

Apple's app store eyed in U.S. Congress antitrust probe

The U.S. House Judiciary Committee on Friday requested information from Apple Inc Chief Executive Tim Cook as part of an investigation of competition in digital markets.

Apple, Facebook, Amazon, Google emails demanded in U.S. House panel probe

A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google, widening the antitrust probe of Big Tech.

Apple has sour reaction to Goldman Sachs' analyst note

Apple Inc struck out at a Goldman Sachs Group Inc analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client.

Apple counters Goldman call on 'negative impact' of Apple TV+ trial

Apple Inc on Friday disputed a Goldman Sachs research note which stated that the company's plans to account for the trial of its new streaming service Apple TV+ will have a "material negative impact" on its results.

France, Germany blast Facebook's Libra, back public cryptocurrency

France and Germany said on Friday that Facebook Inc's Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency.

Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world.

Tech companies won't wait for U.S. to act on social media laws, Microsoft's president says

Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media platforms to flourish.

Twitter restores some blocked Cuban official accounts

Twitter Inc has restored some of the accounts of Cuban state-run media, journalists and government officials it had blocked on Wednesday, although others like that of Communist Party leader Raul Castro remain suspended.

Germany against allowing Facebook's Libra in Europe: Der Spiegel

The German government is against giving regulatory approval for Facebook's Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel's conservatives.

VW CEO shifts strategy from empire building to efficiency

Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.

France and Germany agree to block Facebook's Libra

France and Germany have agreed to block Facebook's Libra cryptocurrency, the French finance ministry said on Friday.

U.S. imposes sanctions on North Korean hacking groups blamed for global attacks

The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the "WannaCry" ransomware attacks and hacking of international banks and customer accounts.

Indian's top trader body seeks ban on Amazon, Flipkart's festive season sale

A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail.

EU may need to regulate tech giants' data use: EU antitrust chief

The European Union may impose rules to ensure companies that collect data do not misuse it, Europe's antitrust chief said on Friday, signaling how she could use her expanded powers to rein in U.S. tech firms like Facebook and Google.

Ford, GM rev up electric pickup trucks to head off Tesla

Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.

EU regulators to set high bar to authorise Libra, ECB's Coeure says

European Union regulators will set a high bar on regulatory approvals for virtual currency projects in Europe, including Facebook's Libra, European Central Bank board member Benoit Coeure said on Friday.

France urges EU rules on cryptocurrencies, warns of Libra risks

The European Union should create a common set of rules for virtual currencies, currently largely unregulated in the bloc, to counter risks posed by Facebook's cryptocurrency Libra, France's Finance Minister said on Friday.

Toyota using Tesla-style Panasonic batteries for China hybrids: sources

Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.

Three U.S. senators urge Amazon's Bezos to check driver abuse

Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.

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