The Technology News ONLINE: September 2019

Monday, September 30, 2019

Deutsche Post plans new investment as ecommerce booms

Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros ($5.77 billion) for 2022 and said it would invest heavily in areas like warehouse automation and analytics as it seeks to keep up with fast-growing ecommerce.

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SEC fines blockchain company Block.one $24 million over coin offering

Block.one agreed to pay a $24 million civil fine to settle U.S. regulatory charges that the blockchain company conducted an unregistered initial coin offering that raised the equivalent of several billion dollars from June 2017 to June 2018.

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Lawyers for Huawei CFO detail record requests to prove her rights were violated

Lawyers for Huawei Chief Financial Officer Meng Wanzhou detailed a list of emails, notes and other records they are seeking to prove that her rights were violated before her December arrest at Vancouver's airport, according to a court document released on Monday.

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WeWork throws in the towel on its ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.

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Lloyd's of London to go electronic to compete with low-cost rivals

The Lloyd's of London Ltd [SOLYD.UL] insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals.

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Lloyd's of London to go electronic next year

The Lloyd's of London [SOLYD.UL] insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals.

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WeWork throws in the towel on ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.

from Reuters: Technology News https://ift.tt/2oxR8rh

PayPal to enter China market through local acquisition

U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing's approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China's payment services market.

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WeWork says will file to withdraw IPO

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U.S. online privacy rules unlikely this year, hurting big tech

A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1.