Tech

By Samuel Shen and Alun John SHANGHAI/HONG KONG - China's crackdown on cryptocurrency "mining" has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre. Cryptomining is big business ...

TOKYO - Former U.S. Ambassador to Japan John Roos on Saturday endorsed the continued leadership of Toshiba Corp Board Chairman Osamu Nagayama, who has come under intense pressure to resign amid a deepening crisis at the Japanese conglomerate. Both Nagayama and Roos served as indep...

- Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 45.4% from the year's high of $64,895.22 on April 14. Ether, the coin linked to the ethereum block...

By Anna Irrera and David Henry NEW YORK -PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector. ...

By Anna Irrera and David Henry NEW YORK - PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector...

By Carolina Mandl SAO PAULO - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public. ...

By Camillus Eboh ABUJA - Nigeria's Central Bank is preparing a digital currency pilot that could launch as early as the end of this year, its director of information technology said in a recording heard by on Friday. Nigeria barred its banks and financial institutio...

By Elizabeth Howcroft LONDON - A patch of virtual land in the blockchain-based online world Decentraland sold for more than $900,000 on Thursday, in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bo...

By Makiko Yamazaki TOKYO -Toshiba Corp Board Chairman Osamu Nagayama pledged to be "an agent of positive change, not a protector of the status quo," as he sought support from shareholders ahead of a crucial vote on director nominees next week that is seen as difficult to call. ...

- Germany's southern state of Bavaria is in talks with Intel to build a European chip factory in a bid to counter supply bottlenecks that have hampered production in the automotive sector, the local economy minister said on Friday. In recent months, the U.S. chipmaker has been see...

By Foo Yun Chee BRUSSELS - EU antitrust regulators are set to open another front against Alphabet unit Google by launching a formal investigation into its digital advertising practices, said people familiar with the matter, with the move likely to come before the end of the year. ...

BRUSSELS - EU antitrust regulators are set to open a formal investigation into Alphabet unit Google's digital advertising practices, people familiar with the matter said, with the move likely to come before the end of the year. A European Commission probe could pose the biggest th...

MADRID - Spain's competition watchdog CNMC on Friday reduced the prices legacy mobile and broadband operator Telefonica charges to let rivals access its network infrastructure. The CNMC ordered Telefonica to cut the recurring monthly fees it charges other telecom operators by 22% ...

TOKYO -Subaru Motor said on Friday it will cut production at Japan's Gunma plants in July due to a global shortage of semiconductors. "It is part of the production adjustment due to shortage of semiconductors," Subaru spokesperson said. The plants, located in Gunma prefe...

By Makiko Yamazaki TOKYO -Toshiba Corp Board Chairman Osamu Nagayama pledged to be "an agent of positive change, not a protector of the status quo," as he sought support from shareholders ahead of a crucial vote on director nominees next week that is seen as difficult to call. ...

TOKYO - Subaru Motor said on Friday it will slash production at Japan's Yajima plant in July due to a global shortage of semiconductors. "It is part of the production adjustment due to shortage of semiconductors," Subaru spokesperson said. The plant, located in Gunma...

MILAN - Ferrari and Amazon Web Services (AWS) have entered an agreement to make Amazon's cloud computing unit the luxury carmaker's cloud storage, machine learning, and artificial intelligence provider, AWS said on Friday. The deal will help Ferrari streamline design and testing o...

MADRID - Spain's BBVA on Friday said it had opened a bitcoin trading service to all private banking clients in Switzerland available as of June 21. The bank said its offer would include bitcoin trading and custody services, with the aim of extending it to other cryptocurrencies th...

BANGKOK - The central banks of Thailand and Malaysia launched on Friday a cross-border QR (Quick Response) payment linkage to enable consumers and merchants in both countries to make and receive instant cross-border QR code payments. The move is the first phase in linking the real...

By Elizabeth Culliford and Moira Warburton - When Facebook began testing its new "Neighborhoods" feature in Canada last October amid the COVID-19 pandemic, the tech giant described it as a dedicated place for people to connect with their local communities. Here, in ...