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By Julia Fioretti BRUSSELS (Reuters) – The United States has set out limits to its use of data collected in bulk about European citizens after a new information-sharing pact was agreed this month, according to documents seen by Reuters. A clear explanation of what information could be used for — preventing its “indiscriminate” and “arbitrary” use — was a key condition of the new Privacy Shield framework that enables firms to easily transfer personal data to the United States. Under the deal, Washington agreed to create a specific new role within the State Department to deal with complaints and enquiries forwarded by EU data protection agencies.

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Facebook Inc smashed investors' expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world's biggest online social network bucked the trend of underwhelming tech results from Apple Inc and eBay Inc, in the face of economic uncertainty around the world and a strong U.S. dollar depressing the value of overseas sales. “It's phenomenal at these (currency headwind) levels that they're accelerating to that level of growth,” said Rob Sanderson, an analyst at MKM Partners.

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Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with early interest shown by the Development Bank of Japan Inc, said the sources, who declined to be identified because they are not authorized to talk to the media. The state-owned bank has already invested in Seiko Holdings Corp's semiconductor operations.

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(Reuters) – Apple Inc said it will soon start charging for iTunes Radio, its music-streaming service that competes with Pandora Media Inc. ITunes Radio, which was announced in 2013, will no longer be free from the end of January, Apple said in statement. The ad-supported service, available only in the United States and Australia, will be folded into Apple Music, which costs $9.99 a month. Beats 1, the global 24/7 radio station, will now be the free music option for listeners.

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By Heru Asprihanto and Nicholas Owen JAKARTA (Reuters) – So stiff is competition between Indonesia's motorcycle taxis app companies that new entrants are going to extreme lengths to stand out. Aris Wahyudi, the founder of the newest motorcycle-sharing company, reckons he has found a unique way to win business: not-so-smelly drivers. “We took the decision to do an odor test for our customers' satisfaction,” Wahyudi said, speaking in a sweltering basement car park, where prospective drivers are lining up to have their armpits sniffed as part of a selection test.

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China's industry and commerce regulator has asked Microsoft Corp to explain “major issues” that it says have come to light from digital data obtained as part of an anti-trust investigation. The State Administration of Industry and Commerce, or SAIC, did not say exactly what issues it was querying but the request appeared to be part of an investigation into the U.S. software titan over its Windows operating system launched in mid-2014. The company must submit a complete explanation following the inquiry, the SAIC said in a statement posted on its website.

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Toyota Motor Corp said on Friday it will set up a research and development company with a focus on artificial intelligence in Silicon Valley, as competition to develop self-driving cars intensifies. The world's top-selling automaker plans to invest $1 billion in R&D over the next five years in a departure from its cautious stance on automated drive. “I used to say, quite until recently, that we will go ahead with automated drive only if they beat humans in a 24-hour car race,” Toyota President Akio Toyoda told a news conference.

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By Yasmeen Abutaleb and Lehar Maan SAN FRANCISCO (Reuters) – Facebook Inc posted surprisingly strong profit and revenue growth as the world's largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high. The company on Wednesday reported audience numbers that suggest it is poised to take on mainstream media as an advertising force, helping investors to overlook Facebook's huge spending on hiring and building data centers. Facebook now has 8 billion video views per day from 500 million people, compared with 4 billion views in April.

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Vodafone UK said on Saturday hackers had accessed the accounts of 1,827 of its customers this week, the second cyber attack on a British telecoms company this month. The attackers had potentially gained access to the victims' bank sort codes and the last four numbers of their bank accounts, along with their names and mobile telephone numbers, a Vodafone spokesman said. “This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone,” he added in a statement.