US firm received $1bn from consortium including Toyota and Saudi ArabiaUber’s self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium including Toyota and Saudi Arabia’s sovereign wealth fund.With we…
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National Enquirer sale: newsstand mogul James Cohen to buy tabloid
CEO of Hudson News will reportedly pay $100m for supermarket tabloid known for salacious stories and cozy relationship with TrumpThe National Enquirer’s owners have made a deal to sell the tabloid, after sparking scandal with the controversial tactics …
Read moreFacebook security lapse affects millions more Instagram users than first stated
News that the company had insecurely stored passwords came on the same day as the release of Robert Mueller’s long-awaited report Facebook chose one of the busiest news days in American politics this year to admit that millions more Instagram users wer…
Read moreNew York City to force buildings to slash greenhouse gas emissions
New law aims for 40% cut by 2030Buildings account for 67% of city’s climate change emissionsNew York City has approved an ambitious plan to combat climate change by forcing thousands of large buildings to slash their greenhouse gas emissions.The legisl…
Read moreUber and Lyft drivers say apps are short-changing wages while raising fares
Drivers for both ridesharing companies say riders are paying more for price surges, but drivers aren’t receiving extra payRidesharing companies Uber and Lyft have taken more than 11 billion people for a ride in their relatively short life. And yet the …
Read morePinterest’s IPO sets company value at $12.7bn amid flurry of tech debuts
The valuation is a sign of strength for the tech IPO market after ride-hailing start-up Lyft’s struggles Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7bn on Wednesday, above its expectations and a sign of …
Read moreHow do you pay taxes on bitcoin? Congress demands explanation
Lawmakers seek information from IRS, saying American taxpayers face ‘unacceptable’ ambiguity over cryptocurrencyUS lawmakers asked the the Internal Revenue Service how US residents should pay taxes on bitcoin and other cryptocurrencies, in a remarkable…
Read moreKetchup, handbags and consoles among US imports facing tariffs
EU threatens $20bn of tariffs in long-running battle over Boeing and Airbus subsidiesTomato ketchup, handbags and video games consoles are among the US imports facing EU tariffs, as the European bloc hit back in the latest round of the transatlantic di…
Read moreNetflix adds 9.6m subscribers in three months despite increasing competition
Streaming service, which spent $12bn on original content in 2018, beat analysts exceptions in latest earnings reportNetflix added 9.6 million new subscribers in the first three months of the year even as it increased prices and faced stiffer competitio…
Read moreSpying claims show US is ‘ignorant of technology’, say Huawei bosses
Company criticises claims that 5G network could be used to spy on western governmentsHuawei bosses have accused the US government of being “ignorant of technology” and belittling national security concerns with unsubstantiated claims the company is an …
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