Technology

Finnish telecom equipment maker Nokia said on Tuesday it would collaborate with Microsoft  in the open source network operating system SONiC, which is used in the data centres of some of the largest cloud-service providers.

Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.

Nanit, a U.S.-Israeli maker of baby monitor and sleep tracker devices, said on Tuesday it raised $21 million in a private funding round, bringing its total raised to date to $50 million.

TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it planned to raise 400 million crowns ($58 million) via a rights issue, equivalent to half its market value, to survive the coronavirus crisis that has knocked its already weak shares.

Logitech International reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.

Smartphone shipments from China's factories to vendors rose 17% in April compared to the same month a year ago, according to government data released on Tuesday.

Spark New Zealand Ltd said it will manage part of the country's allocation of 5G spectrum as it prepares for a rollout of the mobile technology over the next year.

China's Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company's social entertainment services business, sending its shares down 4.5% in extended trade overnight.

Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday as more people used its products while working from home due to the coronavirus crisis.

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.

China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company's social entertainment services business, sending its shares down 4.5% in extended trade.

Twitter Inc will add labels and warning messages on some tweets with disputed or misleading information about COVID-19, the company said on Monday, as part of a new approach to misinformation that will eventually extend to other topics.

Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla's headquarters and future programs from the state to Texas or Nevada.

California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is located.

The European Central Bank currently sees no "business case" for launching its own digital currency but is looking at how one would work should that change, ECB board member Yves Mersch said on Monday.

Swedish telecom equipment maker Ericsson said on Monday it will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously as a consequence of the novel coronavirus pandemic.

French private equity company InfraVia Capital Partners said on Monday it has closed a new tech-focused 270 million euros ($292 million) fund, which has attracted investors including Iliad telecoms founder Xavier Niel.

Sweden's Ericsson will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously, as a consequence of the coronavirus outbreak, it said on Monday.

Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year.