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Bloomberg

Uber in talks to buy Dubai riding-hailing rival Careem

Ride-hailing company Uber is in talks to buy Dubai-based rival Careem for about $2 billion to $2.5 billion, Bloomberg reported here on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, according to Bloomberg. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region, Bloomberg had previously reported. Both Careem and Uber did not…

US launches criminal probe into bitcoin price manipulation: Bloomberg

WASHINGTON: The US Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter. Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added. Neither the…

Apple disputes Bloomberg report that it reduced Face ID accuracy

Apple disputed a report by Bloomberg News on Wednesday that it recently allowed suppliers to reduce the accuracy of the iPhone X’s facial recognition system to speed output of the phone. In a statement to Reuters, Apple said "Bloomberg’s claim that Apple has reduced the accuracy spec for Face ID is completely false." Bloomberg’s report, which cited sources close to people familiar with the situation, said Apple relaxed some of the technical specifications for sensors for the Face ID system, making it faster to test the…

Qualcomm files lawsuits to ban iPhones: Bloomberg

Qualcomm filed lawsuits in China, seeking to halt the manufacture and sale of Apple's iPhones in the country, Bloomberg reported on Friday. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injunctive relief, Bloomberg said, citing a  spokeswoman. Apple’s shares were up marginally, while they shares were little changed in afternoon trading. Apple is waging a global legal battle on Qualcomm’s long-held practice of charging a percentage of the total price of…

Apple to launch watches that can make calls: Bloomberg

Apple plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with LTE chips and be able to perform many tasks without needing an iPhone to be in range, the Bloomberg report said. bloom.bg/2ff0K5P Currently, watches needs to be connected to an iPhone to send messages, get directions from maps and stream music. Apple discontinues iPod…