Technology

Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian country.

Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations on Monday, as businesses reopen in the world's second-largest economy after strict lockdowns to curb the spread of the coronavirus.

SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources.

Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday.

Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations after beating earnings estimates, as the world's second-largest economy reopens after lockdowns imposed to curb the spread of the coronavirus.

Jack Dorsey-led Square Inc said on Monday that most of its employees can continue to work from home permanently even after offices reopen, following a similar announcement from Twitter Inc, which is also headed by the billionaire.

The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open up a lead over startups in the race for funding.

EU industry chief Thierry Breton on Monday warned Facebook CEO Mark Zuckerberg that his social media firm and other tech giants may be subjected to tough rules if they do not step up efforts to take down disinformation.

Ireland's Manna Aero should have been dropping off its first takeaway orders around a Dublin university campus by drone in March but then the coronavirus pandemic shut the country and its pilot programme down.

U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc, calling any deal bad for competition and consumers.

With jury trials on hold throughout the United States because of the coronavirus pandemic, court officials in Texas are trying something new: let jurors hear a case through Zoom.

Huawei Technologies in its first official response to the Trump administration's move to curb its access to global chip supplies called it "arbitrary" and said its business would be impacted.

Chipmaker Dialog Semiconductor Plc on Monday introduced software to improve the accuracy of wristbands and other Bluetooth-based devices businesses are adopting to enforce social distancing and help trace those who were in contact with people who test positive for coronavirus infection.

Amazon's French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from the coronavirus pandemic.

Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday, announcing the company's second round of job cuts during the coronavirus pandemic.

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.

Since the coronavirus reached Senegal, a growing number of residents in the capital have begun ordering groceries online, a welcome boost to a fledgling delivery service in a country where produce is usually bought in shops or markets.

With jury trials on hold throughout the United States because of the coronavirus pandemic, court officials in Texas are preparing to try something new: let jurors hear a case through Zoom.

Since September, investors have pumped at least $6 billion into more than two dozen startups that are automating delivery of goods and food, from heavy trucks to sidewalk robots and drones.

Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn.