Chinese Camel Group announced that the company has decided to invest a total of 30 million Euros in two companies founded by Mate Rimac. Those are Rimac Automobili, a company producing the electric car and the parts for it, such as batteries and entertainment software, and Greyp, manufacturer of electric bikes.
A group of Republican lawmakers is pushing the Trump administration to investigate and unmask a company that may have violated Iran sanctions laws in the same way as Chinese mobile-phone maker ZTE, according to Bloomberg.
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering, according to Bloomberg.
The overall wearables market is expected to return to strong growth after a brief slowdown in 2016 that resulted from delayed launches of major platforms and notable vendors struggling to maintain pace.
Chinese technology conglomerate LeEco is sharply scaling back its U.S. ambitions, according to Bloomberg. The company missed its projections for 2016 sales in the U.S. by a wide margin and is planning to cut more than a third of its U.S. workforce.
Toshiba and the Japanese government want to sell the company’s semiconductor business to a domestic buyer, but foreign bidders are proving more determined and aggressive as the auction heads toward a final decision in the coming weeks, according to Bloomberg.
Amazon won the rights to broadcast 10 National Football League Thursday night games live online this season as part of its video subscription service, the online retailer’s latest effort to boost the value of Prime membership, according to Bloomberg.
A former Google engineer at the center of a fight over self-driving car technology made more than $120 million, according to a legal filing, highlighting the intense competition among tech companies and carmakers for talent in the nascent sector, according to Bloomberg.
Facebook spent the months since the U.S. election grappling with its role in the spread of false information. Now, according to Bloomberg, the world's largest social-networking platform is making good on its promise to educate users about fake news.
Samsung posted its best operating profit in almost four years on robust sales of memory chips and displays, showing that the core businesses remain stable even as its mobile unit recovers from a costly recall and the trial of the group’s de facto chief, according to Bloomberg.
Toshiba has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai and Korea’s SK Hynix, according to Bloomberg citing people familiar with the matter.
The world's largest search engine Google is rolling out a new feature that places "Fact Check" tags on snippets of articles in its News results, according to Bloomberg. The Alphabet unit had already run limited tests. On Friday, it extended the capability to every listing in its News pages and massive search catalog.
South Korean prosecutors laid out their case against Samsung Electronics Vice Chairman Jay Y. Lee by outlining how a top presidential aide documented instances of alleged bribery in the pages of 39 handwritten notebooks, according to Bloomberg.
Gartner announced that it has completed its acquisition of CEB, the industry leader in providing best practice and talent management insights, for $54.00 in cash and 0.2284 shares of Gartner common stock, representing a total transaction value of approximately $2.6 billion.
Uber’s robocar project director wants his company to be spared from having to turn over certain documents in Waymo’s trade-secrets theft suit, saying he’s vulnerable to criminal prosecution, according to Bloomberg.
A Canadian accused of hacking Yahoo email accounts on behalf of the Russian government appeared in court seeking bail ahead of a hearing to determine whether he should be extradited to the U.S. for trial, according to Bloomberg.
The U.K. increased the pressure on Google to crack down on terrorist content, with Prime Minister Theresa May saying the YouTube owner should do more to remove inappropriate material from the internet, according to Bloomberg.
Verizon will introduce a new division called Oath this summer, around the time the telecommunications giant expects to close its deal to combine its AOL unit with Yahoo’s internet assets, according to Bloomberg.
Japanese company Rakuten is betting on a future without apps, according to Bloomberg. They have unveiled Rakuten Games service, seeking to deliver titles that don’t have to be installed on phones or personal computers.
The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse’s nuclear business that U.S. officials are trying to find an American or allied buyer for the company instead, according to Bloomberg citing people familiar with the matter.
Germany pushed ahead with legislation that threatens social networks such as Facebook Inc. with fines of as much as 50 million euros if they fail to give users the option to complain about hate speech and fake news or refuse to remove illegal content, according to Bloomberg.
Two weeks after companies began yanking ads from YouTube because they were popping up next to hateful videos, Google is trying yet again to halt the crisis, according to Bloomberg. Alphabet's main division is introducing a new system that lets outside firms verify ad quality standards on its video service, while expanding its definitions of offensive content.
Inside every iPhone and iPad are dozens of small components made by suppliers whose businesses are tied to Apple. As Imagination Technologies Group has now learned, it’s lucrative to be a favorite Apple supplier, until you’re not, according to Bloomberg.