PayPal raises 2017 forecasts on growth in users, payment volumes Digital payments company PayPal Holdings Inc raised its earnings outlook on Wednesday after reporting better-than-expected quarterly results, driven by growth in users and transaction volumes. The San Jose, California-based company beat Wall Street expectations for both profit and revenue in […]
Technology
Technology
Shares in Slim America Movil shrug off Colombian order to pay $1 billion America Movil, the telecommunications company of Mexican tycoon Carlos Slim, and Movistar, the Colombian unit of Spain’s Telefonica SA, may not have to pay any compensation while legal action in Colombia is under review, a government minister […]
U.S. indicts suspected Russian ‘mastermind’ of $4 billion bitcoin laundering scheme A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. Alexander […]
Singapore slings Taking on Alibaba, Amazon launches Prime Now in the city state Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant’s push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding. While Amazon does deliver to […]
Foxconn announces U.S. manufacturing plant in Wisconsin Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over […]
China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists Baidu Inc said on Friday that it has entered a strategic agreement with PayPal Holdings Inc to tap overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. Under the agreement, Baidu’s payment platform, Baidu […]
ABC News to target millennials with social video partnership Walt Disney Co’s (DIS.N) ABC News launched a partnership on Tuesday with ATTN:, a video news site focused on younger audiences, to co-produce videos for social media including Facebook Inc’s (FB.O) Instagram and for Twitter Inc (TWTR.N). The two will use […]
Wall Street regulator sets sights on digital coin offerings Wall Street’s main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. ICOs have become a bonanza for digital currency entrepreneurs, […]
Colombian tribunal fines Claro, Movistar over contract A Colombian tribunal on Tuesday ruled telephone companies Claro and Movistar must pay the government $1.55 billion for failing to meet contractual conditions for cellular services, a government official said. An arbitration court said the two companies failed to return installed networks and […]
Russia Kaspersky Lab launches free antivirus software globally Moscow-based Kaspersky Lab on Tuesday announced it was rolling out a free version of its antivirus software across the globe, a product launch that comes amid mounting suspicion in the United States that the cyber firm is vulnerable to Russian government influence. […]
