Technology

China opposes U.S. abusing export control measures

Technology News (Reuters) - Thu, 04/30/2020 - 09:08
China is strongly opposed to the United States abusing export control measures, which would hurt the interests of U.S. firms more, the Chinese commerce ministry said on Thursday.
Categories: Technology

Exclusive: Finance, tech firms on hiring spree amid coronavirus turmoil - LinkedIn

Technology News (Reuters) - Thu, 04/30/2020 - 08:45
The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.
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Proximus gets temporary 5G licence, posts net income beat

Technology News (Reuters) - Thu, 04/30/2020 - 08:30
Belgian telephone, internet and television service provider Proximus reported higher than expected first-quarter net profit on Thursday, and said market regulator BIPT has granted it and four other companies temporary 5G licences.
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Orange's French business picks up despite virus outbreak

Technology News (Reuters) - Thu, 04/30/2020 - 08:10
A turnaround in France helped Orange post growing first quarter revenues, though store closures in Europe during the coronavirus outbreak dented equipment sales and hindered efforts to roll out new fibre optic broadband connections.
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SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

Technology News (Reuters) - Thu, 04/30/2020 - 08:04
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.
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Swisscom warns curbs on antenna upgrade stalling 5G rollout; keeps 2020 outlook

Technology News (Reuters) - Thu, 04/30/2020 - 07:19
State-controlled telecoms group Swisscom AG said on Thursday that the rollout of its new fifth-generation (5G) mobile technology was getting stalled due to the governments' resistance to installing upgraded antennas.
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Nintendo seen extending profit streak as housebound consumers switch on

Technology News (Reuters) - Thu, 04/30/2020 - 03:36
Japan's Nintendo Co Ltd is expected to extend its decade-high earnings streak when it reports fourth-quarter results next week, powered by the hit Switch console which is expanding its reach among locked-down consumers.
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Exclusive: Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs

Technology News (Reuters) - Thu, 04/30/2020 - 02:31
Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor Uighurs and other Muslim minorities, three people familiar with the matter told Reuters.
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Facebook sees 'signs of stability' in ad spending after coronavirus drop

Technology News (Reuters) - Thu, 04/30/2020 - 02:21
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.
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SoftBank sees $8.4 billion net loss on WeWork writedown

Technology News (Reuters) - Thu, 04/30/2020 - 02:00
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.
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Qualcomm forecasts upbeat revenue as 5G demand mitigates virus impact

Technology News (Reuters) - Wed, 04/29/2020 - 22:43
Qualcomm Inc on Wednesday forecast current-quarter revenue largely in line with expectations as it signed more contracts for 5G phones, which use higher-priced chips, at a time when the COVID-19 pandemic has disrupted production channels and led to a fall in demand for smartphones.
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Self-driving vehicles get in on the delivery scene amid COVID-19

Technology News (Reuters) - Wed, 04/29/2020 - 22:21
Self-driving cars, trucks, sidewalk robots and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies.
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EBay sees current-quarter revenue above view as more people shop online

Technology News (Reuters) - Wed, 04/29/2020 - 21:46
EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday, as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic.
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Facebook sees signs of stability in ad spending

Technology News (Reuters) - Wed, 04/29/2020 - 21:27
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April.
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Tesla quarterly revenue beats estimates

Technology News (Reuters) - Wed, 04/29/2020 - 21:25
Tesla Inc on Wednesday beat analysts' estimates for first-quarter revenue, as the electric carmaker reported a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak.
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Qualcomm second-quarter revenue beats estimates, shares rise

Technology News (Reuters) - Wed, 04/29/2020 - 21:17
Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.
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Microsoft beats quarterly revenue estimates on cloud boost

Technology News (Reuters) - Wed, 04/29/2020 - 21:14
Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, powered by another strong performance from its cloud service Azure as the coronavirus outbreak and home sheltering lead to more people working from home.
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Amazon is Wall Street's biggest winner from coronavirus

Technology News (Reuters) - Wed, 04/29/2020 - 20:34
No company's stock market value has benefited more from the coronavirus pandemic than Amazon.com's.
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Amazon's foreign websites named in U.S. piracy and counterfeiting report

Technology News (Reuters) - Wed, 04/29/2020 - 20:17
Several of Amazon.com Inc's foreign websites have been added to the U.S. trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.
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HBO Max streaming service to be available on Google platforms at launch

Technology News (Reuters) - Wed, 04/29/2020 - 19:42
HBO Max, the upcoming streaming service from AT&T Inc owned WarnerMedia, will be available across Google platforms and devices when it launches on May 27, the company said on Wednesday.
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