Technology News

Self-driving Uber car kills Arizona woman crossing street

TEMPE, Ariz./SAN FRANCISCO (Reuters) – An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality involving an autonomous vehicle and a potential blow to the technology expected to transform transportation.

Dropbox IPO oversubscribed: sources

(Reuters) – Cloud storage company Dropbox Inc’s initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.

Privacy issues emerge as major business risk for Facebook

SAN FRANCISCO/ FRANKFURT (Reuters) – Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal data on 50 million Facebook users.

G20 leaders to hold fire on cryptocurrencies amid discord: sources

BUENOS AIRES (Reuters) – The world’s financial leaders gathering in Argentina on Monday are likely to stop short of any specific action aimed at regulating cryptocurrencies such as Bitcoin, amid discord over the approach, sources at the summit told Reuters.

China’s Didi looks to raise $1.6 billion via asset-backed securities

SHANGHAI (Reuters) – A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan ($1.6 billion) through an issuance of asset-backed securities.

Baidu video streaming unit iQiyi launches $2.4 billion U.S. IPO

(Reuters) – Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc , has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content.