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Today โ€” July 17th 2019Reuters Technology News

German finance minister: Libra cryptocurrency must wait for regulatory clarity

Facebook cannot go ahead with its plans to launch its digital coin Libra until all regulatory issues are dealt with, German Finance Minister Olaf Scholz said on Wednesday as he met with counterparts from G7 countries.

Amazon under EU antitrust fire over use of merchant data

Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining the increasing regulatory scrutiny about how tech companies exploit customers' information.

Spotify launches an in-app Disney Hub to lure more fans

Spotify Technology SA said on Wednesday it will devote a prominent spot in its music streaming app to Walt Disney Co's extensive music library with songs like "Let It Go" and "A Whole New World."

ZTE says Italy's new powers to intervene in 5G will delay deployment

Chinese telecom equipment firm ZTE Corp warned on Wednesday that the Italian government's newly strengthened power to intervene in the development of fifth-generation telecoms networks may further delay 5G mobile services in the country.

France says Facebook's Libra not yet viable as G7 minister meet

France said on Wednesday the conditions were not ripe for Facebook to go ahead with plans for its Libra digital coin, as G7 finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech giants.

'Wizard' cybersecurity expert charged with record hack of Bulgarian tax agency

A 20-year-old Bulgarian cybersecurity worker has been arrested on suspicion of involvement in a hacking attack that stole millions of taxpayers' personal and financial data, officials said on Wednesday.

Facebook to face more scrutiny from Congress on Libra

Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

Amazon appeases German watchdog, but EU opens new probe

Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.

Amazon in EU antitrust spotlight over use of merchant data

Amazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants' data, underlining the increasing regulatory scrutiny over how tech companies exploit customers' information.

Conditions not in place for Facebook's Libra to go ahead: France

Facebook's Libra digital coin project cannot go ahead in the form it has been presented so far, French Finance Minister Bruno Le Maire said on Wednesday.

Amazon says it will cooperate with EU antitrust regulator probe

U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants' data.

EU antitrust regulators to investigate Amazon over merchant data

EU antitrust regulators will investigate Amazon, the world's largest online retailer, to see if its use of other merchants' data breaches EU antitrust rules, the European Commission said on Wednesday.

Bills targeting China's Huawei introduced in Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of curbs on the Chinese firm.

Ericsson warns on negative margin impact, shares fall 7%

Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.

Amazon faces EU antitrust probe over use of merchant data: source

Amazon, the world's largest online retailer, could face an EU antitrust investigation within days over its use of merchants' data, a person familiar with the matter said on Wednesday.

Bulgarian cybersecurity worker detained over tax agency hack attack

A 20-year-old Bulgarian cybersecurity worker has been arrested on suspicion of involvement in a hacking attack that stole millions of taxpayers' personal and financial data, interior ministry officials said on Wednesday.

Ericsson says on track for 2020 targets as second-quarter profit matches forecasts

Mobile network gear maker Ericsson posted a second-quarter profit in line with expectations on Wednesday and said it was on track to meet its financial goals due to strong sales of 5G equipment.

Renault forms Chinese electric vehicles venture with Jiangling Motors

Renault has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal which will also see Renault take a 50% stake in the new venture.

Renault forms China electric vehicle venture with JMCG

France's Renault SA said on Wednesday it will invest $145 million in a unit of China's Jiangling Motors Corporation Group (JMCG) that will allow it to expand its electric vehicle manufacturing footprint in the world's largest auto market.

G7 finance ministers look to rein in tech giants at French meeting

G7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions about how best to tax them.

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