Amazon raises monthly fee for Prime service by 18 percent

(Reuters) – Amazon.com Inc on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99, while maintaining the annual fee.

IBM shares fall on soft profit outlook

(Reuters) – Shares in International Business Machines fell 2.6 percent on Friday as analysts judged a “disappointing” full-year profit forecast showed that the company would take more time to get back on a path of steady growth.

Xiaomi to expand store network in Indian tussle with Samsung

MUMBAI (Reuters) – China’s Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea’s Samsung has dominated for more than five years.

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

NEW DELHI (Reuters) – India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

Huawei founder, top executives to pay $469,000 fine for management oversight

HONG KONG (Reuters) – Top executives of Huawei Technologies Co [HWT.UL], including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows.

SEC says bitcoin funds raise ‘investor protection issues’

(Reuters) – The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

South Korean group files complaint against Apple CEO over iPhone slowdown

SEOUL (Reuters) – A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.

SoftBank is now Uber’s largest shareholder as deal closes

SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.