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Facebook, Xiaomi eye India’s $1 trillion digital loan market

Bloomberg India’s digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., seeking a foothold in what’s set to be a $1 trillion industry. Facebook said India would be first country where it rolls out its small business loan program offering loans via a partner to firms that advertise on its platform. The loans will ...

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Nuro to build $40mn robot-car factory in Nevada

Bloomberg Nuro Inc, which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada. The expansion marks an inflection point for the five-year-old robotics startup. After three years refining its autonomous driving system while delivering groceries, prescriptions and pizza, it says ...

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Twitter plans new privacy-related tools

Bloomberg Twitter Inc is planning to test new privacy-related features aimed at giving users greater control over their follower lists and who can see their posts and likes, an effort to make people more comfortable interacting and sharing on social network. The tools are related to what Twitter executives call “social privacy,” or how users manage their reputations and identities ...

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