SAN FRANCISCO (Reuters) – A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant’s new streaming service will give record...
BRUSSELS (Reuters) – The European Commission opened a formal antitrust investigation into Amazon’s e-book business on Thursday, opening yet another front in mounting EU scrutiny of America’s global tech giants. Source
JAKARTA (Reuters) – Jakarta’s traffic jams are a constant vexation for the city’s 10 million residents. With the chaos not looking to abate anytime soon, entrepreneurial types have made it their business to help fellow commuters circumvent the world’s...
AMSTERDAM (Reuters) – Police have arrested 49 suspected members of a cyber crime syndicate in Spain, Poland and Italy who are suspected of stealing million of euros from European bank accounts, Europol said on Wednesday. Source
TOKYO (Reuters) – Proxy investment adviser ISS advised shareholder to vote against reelecting the heads of Japanese electronics firms Sharp Corp and Sony Corp, both mid-restructuring, saying they are falling short of ISS return-on-equity (ROE) benchmarks. Source
DETROIT (Reuters) – Tesla Motors Chief Financial Officer Deepak Ahuja will retire this year, but will stay on to help search for a successor at the fast-growing electric car maker, Chief Executive Officer Elon Musk told shareholders on Tuesday. Source
WASHINGTON (Reuters) – As Washington weighs new cybersecurity steps amid a public backlash over mass surveillance, U.S. tech companies warned President Barack Obama not to weaken increasingly sophisticated encryption systems designed to protect consumers’ privacy. Source
BERLIN (Reuters) – Germans need to overcome their traditional fear of the large-scale collection of personal data by companies and instead embrace its opportunities or risk being marginalized in the global economy, Chancellor Angela Merkel said on Tuesday. Source