In this issue

Amazon, which has been under pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site, said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.

TESLA TO STOP ACCEPTING BITCOIN FOR CAR PAYMENTS

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.

1 min

FACEBOOKBACKED DIGITAL CURRENCY PROJECT DIEM SHIFTS TO US

A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S. and said it plans to launch a cryptocurrency tied to the U.S. dollar later this year.

1 min

BIDEN SIGNS ORDER TO BEEF UP FEDERAL CYBER DEFENSES

President Joe Biden signed an executive order meant to strengthen U.S. cybersecurity defenses in response to a series of headline-grabbing hacking incidents that highlight how vulnerable the country’s public and private sectors are to high-tech spies and criminals operating from half a world away.

2 mins

CHINA SAYS XIAOMI REMOVAL FROM U.S. BLACKLIST “BENEFICIAL”

China’s commerce ministry on Thursday welcomed the removal of Xiaomi Corp. from a U.S. government blacklist, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker that was imposed under former President Donald Trump.

1 min

ALIBABA RECORDS FIRST QUARTERLY OPERATING LOSS SINCE IPO

Alibaba had its first quarterly operating loss since it went public in 2014 after Beijing slapped a record $2.8 billion fine on the nation’s largest e-commerce company for abusing its market position.

1 min

AMAZON WINS EU COURT FIGHT OVER $300 MILLION TAX RULING

In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support.

2 mins

JAPANESE TYCOON PLANNING SPACE STATION VISIT, THEN MOON TRIP

The Japanese fashion tycoon who’s booked a SpaceX ride to the moon is going to try out the International Space Station first.

2 mins

KENTUCKY PLANT BENEFITING FROM LATEST APPLE INVESTMENT

Apple deepened its ties to a Kentucky plant on Monday by awarding another $45 million to support Corning Inc.’s work to supply glass for the tech giant’s iPhones and other devices.

1 min

PENTAGON RECONSIDERING HUGE JEDI CLOUD COMPUTING CONTRACT

The Pentagon is reconsidering how to make a massive shift to cloud computing, officials said Monday, suggesting it could scrap the so-called JEDI contract potentially worth $10 billion that was awarded to Microsoft Corp. but is mired in legal challenges.

2 mins

GERMAN WATCHDOG BANS FACEBOOK FROM PROCESSING WHATSAPP DATA

A German privacy watchdog banned Facebook on Tuesday from gathering data on users of its WhatsApp chat app, citing an update to its privacy policy that it said breaches stringent European data protection rules.

1 min

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