Exclusive: SAP investigating its sales practices in Gulf region

DUBAI/LONDON (Reuters) - German business software giant SAP (SAPG.DE), which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into...

Tech still hedge funds' sweetheart sector: Goldman Sachs

LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday...

Uber breach, cover-up trigger government probes around the globe

TORONTO (Reuters) - Governments around the globe launched investigations into Uber Technologies Inc after the company disclosed it had covered up a breach that exposed data on millions of...

Peter Thiel sells most of remaining Facebook stake

(Reuters) - Facebook Inc’s (FB.O) first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a...

Exclusive: SAP says Gulf executives out; source says Iran at issue

DUBAI/LONDON (Reuters) - SAP (SAPG.DE) is investigating sales practices in its Gulf States region after executives in charge of its dealings in the region resigned or been put on administrative...

Lyft wins permit to test self-driving cars in California

(Reuters) - U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring...

HPE CEO Whitman's surprise exit stumps Wall Street

(Reuters) - Shares of Hewlett Packard Enterprise Co (HPE.N) fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman’s decision to step down from the role took Wall Street...

Apple says illegal student labor discovered at iPhone X plant

BEIJING (Reuters) - Smartphone maker Apple Inc (AAPL.O) and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory,...

Regulators to press Uber after it admits covering up data breach

TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed...

Tencent to bring world's hottest video game to China, promises socialist values

BEIJING/HONG KONG (Reuters) - Chinese gaming giant Tencent Holdings Ltd is bringing “Playerunknown’s Battleground”, the world’s hottest video game, to China, but with a twist. The gory, battle royale-style game...