(Reuters) – Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter.
By Michael Martina and Gerry Shih BEIJING (Reuters) – China’s bank regulator temporarily suspended this week new financial industry cybersecurity rules after feedback from banks, showing the practical challenges of the nation’s long-term effort to cut dependence on entrenched foreign technology. In a notice issued on Monday and reviewed by Reuters, Chinese regulators said the decision on the rules, which would have effectively replaced foreign tech products with domestic alternatives,
By Malathi Nayak NEW YORK (Reuters) – U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices. The Federal Communications Commission voted unanimously to create a process to allow companies free access to the frequencies in the 3.5 gigahertz band.
Alibaba Group Holding Ltd deepened its push into the automotive business on Friday, saying it had struck a partnership with Shanghai General Motors (GM) to offer online sales and financing for GM cars. Currently, Shanghai GM’s Buick, Cadillac and Chevrolet brands are available for sale on Alibaba’s TMall.com website, and the two companies said they would collaborate by using Alibaba’s big data analysis to serve ads to prospective car buyers,
Dutch prosecutors launched a criminal investigation into Uber for providing an illegal taxi service in violation of a court order, a statement said on Friday. It was the latest setback for the taxi service, which has been banned in several European countries in recent months. Uber allows users to summon taxi services with smartphones while its UberPop arm links private drivers to passengers. In December, a Dutch court banned UberPOP
U.S. stocks traded sharply lower on Friday, following a global decline in equities on renewed Greece concerns and new Chinese trading regulations.
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