Latest Business News

• Starbucks partners with UberEats for delivery in U.S., to double China stores
  Starbucks Corp said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years.
  
• Cryptocurrency project Basis to shut down and return funding to investors
  Basis, a cryptocurrency project that in April announced it had raised $133 million from a slew of high profile investors, said on Thursday that it was shutting down and returning the funds to its backers because of regulatory concerns.
  
• YouTube, under pressure for problem content, takes down 58 million videos in quarter
  YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc's Google said on Thursday in an effort to demonstrate progress in suppressing problem content.
  



• Deliv signs up 20 new U.S. retailers for same-day delivery
  Deliv Inc, which uses contract drivers to deliver online orders from stores and malls for a fee, said on Thursday it is partnering with twenty new U.S. retailers including Nike and Bed Bath & Beyond as demand for same-day delivery surges.
  
• Qualcomm to file suits in Chinese courts to ban iPhone XS, XR sales
  Chipmaker Qualcomm Inc is asking courts in China to ban sales of Apple Inc's latest iPhone models XS and XR after winning a preliminary injunction against older models, the company confirmed on Thursday.
  
• EU court cuts Deutsche Telekom antitrust fine by a third
  Europe's second-highest court on Thursday slashed an EU antitrust fine handed down to Deutsche Telekom four years ago by about a third to 19 million euros ($21.6 million), saying that EU regulators had erred in calculating the penalty.
  
• Apple plans new $1 billion campus for Austin, Texas
  Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas, that will house up to 15,000 workers as part of a broader push by U.S. companies to create more domestic jobs.
  
• Trading startup Robinhood branches out into U.S. checking and savings accounts
  Commission-free trading startup Robinhood has launched U.S. checking and savings accounts that pay a 3 percent interest rate, broadening the suite of financial products it offers, the company said on Thursday.