Spotify hit with new copyright suit in US
A music publisher is seeking at least $1.6 billion from Spotify for alleged copyright violations, the latest lawsuit to hit the fast-growing streaming company.
SoftBank seals deal for large Uber stake, trimming valuation
Uber and SoftBank announced a deal Thursday allowing the Japanese tech titan to take a large stake in the US ridesharing giant, making a hefty cut in the valuation of the biggest venture-backed startup.
South Korea to impose curbs on digital currency trade
South Korea said Thursday it would ban anonymous trading of virtual currencies and crack down on money laundering activities using them, amid growing fears of a bubble over cryptocurrencies.
US Library of Congress backtracks on complete Twitter archive
The US Library of Congress has scaled back plans to archive every message ever sent on Twitter, sparking debate on the importance of social media in historical records.
Apple admits to slowing iPhones as batteries age
Apple on Thursday confirmed what some conspiracy theorists suspected, that it intentionally slows performance of older iPhones as batteries weaken from age.
Facebook pulling ‘disputed’ flags from fake news
Facebook said on Thursday it will stop flagging fake news as “disputed,” opting instead to offer up contradictory stories containing facts that have been checked.
North Korea denies role in WannaCry ransomware attack
North Korea on Thursday denied US accusations it was behind the WannaCry global ransomware cyberattack, saying Washington was demonising it.
French telecom firm Iliad on expansion odyssey into Ireland
French telecoms entrepreneur Xavier Niel and his firm Iliad have reached a deal to take over Ireland’s leading operator eir, adding to his firm’s expansion plans into Italy.
Bitcoin suffers dramatic price plunge in Asia
Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked.
Taxi or app? Uber faces big EU court decision
The EU’s top court will decide Wednesday if ride-hailing app Uber is an ordinary taxi company and should be regulated as such, in a decision that will be closely watched around the world.
UBS boss says bitcoins ‘not money’, urges regulators to act
The chairman of Swiss banking giant UBS said in an interview published Sunday that he does not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene.
