Tech Energy Business Strategy Videos Reports
Tech Energy Business Strategy Videos Reports

Congress demands answers from Google about user location database

Representatives from Congress have written to Google CEO Sundar Pinchai to seek information on location data held in a secret store known as Sensorvault

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Investors sue Lyft amid share price slump

Lyft’s share price has declined since the company went public in March, and investors are blaming the US ride-sharing company for exaggerating its market position

Jumio founder agrees $17.4m settlement amid SEC fraud claims

Daniel Mattes, the founder of mobile payments firm Jumio, has agreed a settlement with the US Securities and Exchange Commission after being accused of inflating company revenues and illegitimately selling shares

Walmart and Google launch voice-activated grocery shopping feature

Ordering groceries is set to become easier than ever for Walmart customers thanks to the retailer’s partnership with Google’s smart-home assistant, Google Home

AstraZeneca strikes $6.9bn deal with Japanese drugmaker

Anglo-Swiss pharmaceutical firm AstraZeneca is pushing further into the oncology market by partnering with Japanese cancer drugmaker Daiichi Sankyo

Garuda Indonesia attempts to cancel multibillion-dollar Boeing order

Indonesia’s national airline, Garuda Indonesia, has asked Boeing to cancel its order of 49 737 Max 8 jets after two high-profile accidents damaged travellers’ confidence in the model

Lyft seeks $23bn IPO valuation

Ride-hailing firm and Uber-rival Lyft is hoping to raise $2.1bn in what would be the US’ biggest technology listing since Snap’s initial public offering in 2017

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FIS set to acquire Worldpay in $43bn deal

The purchase of Worldpay by Fidelity National Information Services will create one of the world’s largest providers of electronic payment infrastructure, with the firms’ combined revenue expected to top $12bn

Facebook under criminal investigation over data-sharing deals

New York prosecutors have subpoenaed at least two major technology companies as part of a criminal investigation into Facebook’s data-sharing partnerships

Uber finally settles six-year lawsuit with $20m out-of-court payment

Ahead of plans to go public later this year, Uber has confirmed that it has settled a long-running class-action lawsuit with drivers in California and Massachusetts

Former Google executive awarded $45m payout amid sexual harassment accusations

New court documents have revealed that Google paid former senior executive Amit Singhal a severance package of up to $45m despite allegations of sexual harassment

Tesla reverses decision to cut store numbers

Having previously announced that it would begin selling its vehicles solely online to reduce prices, Tesla has now confirmed that it will keep some of its physical stores open