Paypal to spend $3 billion a year on M&A: CEO to German paper

PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company's biggest ever deal.

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Benson Oak's new fund to invest in Israeli blockchain technology

European investment bank Benson Oak said on Sunday it has secured $25 million in investment commitments for a new Israel-dedicated fund and plans to raise $100 million in total.

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Singapore's Temasek set to report record portfolio; tech deals in focus

Singapore state investor Temasek Holdings Pte Ltd [TEM.UL] is likely to book a record S$300 billion ($221 billion) for the value of its portfolio, powered by gains in DBS Group Ltd and Chinese banks, while it steps up investment in tech startups.

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Huawei says does not expect U.S. sanctions: press

China's Huawei, the world's largest maker of telecommunication network equipment, does not see itself becoming the target of U.S. sanctions and will keep buying U.S. chips this year, one of its three rotating chairmen told a French newspaper.

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Twitter suspends over 70 million accounts in two months: Washington Post

Twitter Inc suspended more than one million accounts a day in recent months to reduce the flow of misinformation on the platform, the Washington Post reported.

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Wireless speaker maker Sonos files for IPO

Sonos Inc, a maker of hi-tech wireless speakers, filed for an initial public offering on Friday, riding on the back of increasing popularity of streaming music through smartphone apps on connected audio systems.

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California agency opens third probe into Tesla's Fremont factory

A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc's factory in Fremont, California, following a complaint.

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Ant Financial mega-fundraising leads sovereign investments in second quarter

Ant Financial's record-setting $14 billion funding round led sovereign investor transactions in the second quarter against a backdrop of rising interest in tech-related start-ups, although overall deal values fell slightly.

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Spain's Cabify denies reports it may sell to U.S. peer Lyft

Spanish ride-hailing app Cabify said on Friday it had held no talks over selling any part of its business, after newspaper El Confidencial said it was considering selling to U.S. peer Lyft.

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HTC's June sales slump 68 percent, biggest drop in over two years

Taiwanese smartphone maker HTC Corp said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the struggling firm continues to lose customers amid intensifying competition with nimbler manufacturing rivals.

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As inflation soars, Facebook drives trading in Argentina's barter clubs

At an abandoned train station in Buenos Aires' working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade.

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Daimler gets green light for self-driving vehicle tests in Beijing

China's capital city has given the green light to German auto maker Daimler AG to test self-driving cars on real roads, making it the first international car maker to be granted such a license in Beijing, the company said on Friday.

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LG Electronics says second-quarter profit likely up 16.1 percent, misses analyst estimates

South Korea's LG Electronics Inc on Friday said operating profit likely rose 16.1 percent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone and appliance divisions, analysts said.

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China considering further reduction in electric-vehicle subsidies: Bloomberg

China is considering a further reduction in electric-vehicle subsidies next year, Bloomberg reported on Friday, citing unnamed sources.

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Samsung Electronics profit growth slows on smartphone weakness

South Korean tech giant Samsung Electronics Co Ltd estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.

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China's ZTE names new top executives in step towards U.S. ban lifting

ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China's second-biggest telecommunications equipment maker.

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Micron says China ban unfair but won't hurt revenue

Micron Technology Inc on Thursday played down the likely impact on its business of a temporary Chinese ban on some chip sales but said it would appeal a decision that has added to U.S.-China trade tensions.

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Venture firm Atomico signs up ex-Uber and Google managers

Atomico, which runs Europe’s largest independent venture fund, has hired former managers from Google and Uber to help drive international expansion for its portfolio of more than 50 start-ups and growth stage firms, it said on Thursday.

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EU lawmakers reject tough line on copyright reform

EU lawmakers have opted not to take a tough line on an EU copyright overhaul aimed at making Google, Facebook and other tech giants share revenues with publishers, broadcasters and artists after lobbying by internet companies.

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Altice, Huawei tie-up aims to make Portugal a European leader in 5G

The Portuguese unit of telecoms firm Altice, the country's largest operator, is working with Chinese electronics giant Huawei to make Portugal a leader within Europe in the development and roll-out of next-generation 5G networks.

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Source: Reuters