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Bumble announces big spending to compete with rival, Tinder.

Bumble owner to spend $100 million on dating apps

The company has created Magic Lab, a holding company for its brands that include dating apps Badoo, Chappy and Lumen.
Huawei Mate X was expected to launch in India this year.

Huawei delays global launch of foldable phone by three months

Huawei’s foldable phone, Mate X was scheduled to launch in June. It is now seeing a September launch.
Google’s global policy office had gone years without a major strategy shift until Karan Bhatia was hired last June from General Electric Co, where he also led government affairs and policy.

Google policy head retools team for global lobbying push

Google’s policy team has been organised regionally, a vestige of the company’s gradual expansion into new countries. But different regions with limited coordination each had their own projects to create proposals for addressing the same concern.
The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies

Facebook’s cryptocurrency-based payments system gets big backers: Report

Each company will invest around $10 million in a consortium that will govern the cryptocurrency.
Ajit Mohan, Vice President and Managing Director, Facebook India, leaves after an interview with Reuters in Mumbai, India, June 13, 2019.

Facebook to buy stake in Indian e-commerce startup Meesho

Mohan said Facebook’s investment will help Meesho to maximise its impact on a central plank of India’s economic growth agenda by supporting job creation through entrepreneurship.
An Uber self-driving Volvo is on exhibit at the Uber Elevate Summit 2019 in Washington, DC June 12, 2019. - Uber unveiled its newest self-driving vehicle produced by Volvo Cars. The Volvo XC90 prototype will be

Uber unveils next-generation Volvo self-driving car

Uber XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but also with factory-installed steering and braking systems designed for computer rather than human control.
Attendees walk past signage for Epic Games Inc. Fortnite video game during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Wednesday, June 12, 2019.

Israel power company asks Fortnite to remove pole-climbing in game

In a June 10 letter to Epic Games, the Israel Electricity Corp. said Fortnite characters can “climb up electricity poles freely and without restriction” - a real-life stunt among some Israeli youths that the power company said it had been trying for “many years” to stem through an educational campaign.
The FTC and the Department of Justice are also gearing up to investigate whether tech giants Amazon.com Inc, Apple Inc, Facebook and Alphabet’s Google misuse their massive market power.

Facebook CEO may have known of questionable privacy practices: Report

Facebook Chief Executive Officer Mark Zuckerberg was aware of ‘problematic privacy practices’ at the company, according to a new report.
Foxconn says US iPhones can be made outside of China if needed

Foxconn says it has enough capacity outside China to manufacture Apple’s US iPhones

Foxconn says it is well-positioned to tackle trade war headwind.
Huawei currently sells 500,000 to 600,000 smartphones a day

Huawei says it will need more time to become the world’s largest smartphone maker

Huawei in January claimed it could become the world’s biggest-selling smartphone vendor this year even without the US market.

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