Reuters Technology Report: SoftBank-backed Grab seeks another $2 billion funding in expansion drive

Click to View in Browser Monday, April 8, 2019 SoftBank-backed Grab seeks another $2 billion funding in expansion drive Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing. Britain plans social media regulation to battle harmful content Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content. Facebook says has made headway against abuses ahead of India election Facebook has said it has made strides in its efforts to prevent online abuses in the Indian national election that starts this week but acknowledged that gaps remain in its "election integrity" efforts. EU's Vestager says Europe must lead the way with a digital tax Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday. UK fines for harmful online content in line with GDPR: minister Britain will impose penalties that force tech companies to "sit up and take notice" if they do not do everything reasonably practicable to stop harmful content on their platforms, the Culture, Media and Sport Secretary Jeremy Wright said. How excess speed, hasty commands and flawed software doomed an Ethiopian Airlines 737 MAX Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation. Hyundai Motor denies tie-up with Tencent on driverless car software South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles. SAP cloud business head quits after 27 years in latest top departure Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe's most valuable technology company reshapes its operations. Hyundai Motor, Tencent tie up to develop self-driving cars software: report South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday. Who was first to launch 5G? Depends who you ask When it comes to who triumphed in the multi-billion dollar global race to launch the world's first 5G next generation wireless network, the winner is clear ... depending on who you ask. Related Video Fitbit-like device for horses aims to save equine lives Verizon launches 5G service ahead of schedule Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook