With a multibillion-dollar settlement looming for Facebook over user privacy violations, Chief Operating Officer Sheryl Sandberg met with U.S. lawmakers on Capitol Hill on Tuesday to discuss legislation to protect users of the social network, officials said. The meetings had been long planned and ...Read More

Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter. Mr. Son, who launched ...Read More

Federal and state regulators slapped an Italian bank operating in New York with $1.3 billion in fines and penalties for laundering about $6.76 billion through the US financial system — in part by rigging its own computer systems to get around US sanctions laws. ...Read More

California is suing the Trump administration over a presidential executive order that allegedly slashes regulations “arbitrarily.” The lawsuit, announced on the eve of Trump’s visit to the Golden State, is California’s 49th lawsuit against the administration. According to the lawsuit, Trump’s 2017 order “harms the ...Read More

North Korea has used cyberattacks and blockchain technology to circumvent economic sanctions and obtain foreign currency, according to a panel of experts reporting to the U.N. Security Council. Pyongyang has amassed around $670 million in foreign and virtual currency through cyberthefts, using blockchain technology to ...Read More

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy. The ...Read More

HONG KONG/WARSAW (Reuters) – Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company. Poland’s internal affairs minister, Joachim Brudzinski, called for the ...Read More