EU-U.S. personal data pact faces second legal challenge from privacy groups

By Julia Fioretti | BRUSSELS BRUSSELS A new EU-U.S. pact governing...

UK fintech finds EU barriers emerging after Brexit vote

LONDON Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday.The "fintech" sector comprises new...

Automakers are responsible for Takata air bag recalls: NHTSA

The top U.S. vehicle safety regulator said on Wednesday that automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp (7312.T) airbags, no matter what happens to...

Telenor shifts Myanmar focus to data services as 'hyper growth' era ends

By Yimou Lee and Antoni Slodkowski | YANGON YANGON Norwegian telecoms...

German minister reassured over access to Chinese electric car market

BEIJING China has promised that German carmakers will not be discriminated against in the electric-car market, Germany's economy minister said in Beijing on Wednesday.German Economy Minister Sigmar Gabriel met with...

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

Tesla Motors Inc (TSLA.O) had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp (6752.T) as of Sept. 30 for electric vehicle battery cells made...

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

Chipmaker Broadcom Ltd (AVGO.O) said on Wednesday it would buy network gear maker Brocade Communications Systems Inc (BRCD.O) for $5.5 billion in cash, to expand its fiber channel and data...

Swiss propose rules to encourage fintech sector

ZURICH Switzerland proposed on Wednesday a light-touch regulatory regime for financial technology (fintech) companies that the government said could bolster business and competitiveness.Easing rules could help reduce barriers to market...

Alibaba-backed Lazada to buy Singapore online grocer RedMart

SINGAPORE Lazada Group, a southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart, the two companies said in a statement on Wednesday....

'FIFA' publisher EA hikes full-year revenue, profit forecast

Electronic Arts Inc's (EA.O) second-quarter revenue edged past analysts' estimates and the videogame publisher raised its full-year revenue and profit forecast, indicating strong interest for its recently launched games."FIFA 17,"...