U.S. to Ban TikTok Downloads, Use of WeChat on Sunday
Commerce Secretary Wilbur Ross said the U.S. will ban downloads of the video-sharing app TikTok and the U.S. use of the popular messaging and electronic payment app WeChat after Sunday night over national security and data privacy concerns.
Console Makers Now Have Bigger Game to Play
Microsoft and Sony have cooled their long-running price war over videogame consoles. But that is because a much bigger contest looms.
Volkswagen Global Sales Fall
German car maker Volkswagen said group sales declined 6.6% in August, with only China seeing a rise in new deliveries.
Pandemic Plays Supervillain to Hollywood's $200 Million Movie Machine
Movie theaters need high-profile titles to attract coronavirus-wary customers, but movie studios need enough willing ticket buyers to justify releasing their costly movies as planned. Both appear likely to end the year disappointed.
EU Agrees to Buy Potential Sanofi, GSK Covid-19 Vaccine
The European Commission has signed a contract with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential Covid-19 vaccine but didn't disclose financial details.
SoftBank Sells Brightstar, Carrying On Its Divestiture Spree
Japan's SoftBank continued a remarkable string of asset sales, saying it is selling U.S.-based wireless-services unit Brightstar to a private-equity firm founded by a former Brightstar executive.
Ericsson Accelerates 5G With Cradlepoint Buy
Ericsson announced the acquisition of Cradlepoint, a U.S.-based provider of wireless internet connectivity products, for an enterprise value of $1.1 billion.
CaixaBank, Bankia Agree Merger Terms
The boards of CaixaBank and Bankia have approved a merger that will create a leading Spanish domestic lender with assets of more than EUR650 billion.
LSE in Borsa Italiana Talks with Euronext
London Stock Exchange has entered into exclusive talks with Euronext for the sale of Borsa Italiana, having received and reviewed a number of proposals from interested parties for MTS and the Italian exchange.
China's EV Champion Bets Big on a Different Flavor of Battery
Auto maker BYD is betting on older battery technology, re-engineered for better range, to undercut competitors