Lawyers for Huawei CFO detail record requests to prove her rights were violated

Lawyers for Huawei Chief Financial Officer Meng Wanzhou detailed a list of emails, notes and other records they are seeking to prove that her rights were violated before her December arrest at Vancouver’s airport, according to a court document released on Monday.

source https://www.reuters.com/article/us-usa-huawei-tech-canada/lawyers-for-huawei-cfo-detail-record-requests-to-prove-her-rights-were-violated-idUSKBN1WF2BK?feedType=RSS&feedName=technologyNews

SEC fines blockchain company Block.one $24 million over coin offering

Block.one agreed to pay a $24 million civil fine to settle U.S. regulatory charges that the blockchain company conducted an unregistered initial coin offering that raised the equivalent of several billion dollars from June 2017 to June 2018.

source https://www.reuters.com/article/us-sec-block-one/sec-fines-blockchain-company-block-one-24-million-over-coin-offering-idUSKBN1WF2CF?feedType=RSS&feedName=technologyNews

WeWork throws in the towel on its ill-fated IPO

WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.

source https://www.reuters.com/article/us-wework-ipo/wework-throws-in-the-towel-on-its-ill-fated-ipo-idUSKBN1WF1NS?feedType=RSS&feedName=technologyNews

Lloyd’s of London to go electronic to compete with low-cost rivals

The Lloyd’s of London Ltd [SOLYD.UL] insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals.

source https://www.reuters.com/article/us-lloyd-s-of-london-strategy/lloyds-of-london-to-go-electronic-to-compete-with-low-cost-rivals-idUSKBN1WF1QU?feedType=RSS&feedName=technologyNews

PayPal to enter China market through local acquisition

U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market.

source https://www.reuters.com/article/us-paypal-hldg-m-a-china/paypal-to-enter-china-market-through-local-acquisition-idUSKBN1WF1Q7?feedType=RSS&feedName=technologyNews

WeWork says will file to withdraw IPO

WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.

source https://www.reuters.com/article/us-wework-ipo/wework-says-will-file-to-withdraw-ipo-idUSKBN1WF1NS?feedType=RSS&feedName=technologyNews

U.S. online privacy rules unlikely this year, hurting big tech

A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1.

source https://www.reuters.com/article/us-usa-congress-privacy/u-s-online-privacy-rules-unlikely-this-year-hurting-big-tech-idUSKBN1WF1B1?feedType=RSS&feedName=technologyNews

Volocopter eyes launch of its electric helicopter taxis in Singapore

German startup Volocopter said Singapore is emerging as one of the most likely destinations for the commercial launch of its electric helicopters, where it hopes to offer short-hop flights for the price of a limousine ride.

source https://www.reuters.com/article/us-aviation-volocopter-singapore/volocopter-eyes-launch-of-its-electric-helicopter-taxis-in-singapore-idUSKBN1WF0ZO?feedType=RSS&feedName=technologyNews

Tencent takes 29% stake in computer games maker Funcom

China’s Tencent Holding Ltd has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom , becoming the biggest shareholder, Funcom said on Monday.

source https://www.reuters.com/article/uk-funcom-m-a-tencent-holdings/tencent-takes-29-stake-in-computer-games-maker-funcom-idUSKBN1WF0QE?feedType=RSS&feedName=technologyNews

Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa

British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.

source https://www.reuters.com/article/us-revolut-visa-exclusive/exclusive-fintech-firm-revolut-to-hire-3500-staff-in-global-push-with-visa-idUSKBN1WF0JQ?feedType=RSS&feedName=technologyNews