Technology
SK Innovation to start building second EV battery plant in United States
South Korea's SK Innovation Co Ltd, a supplier for Volkswagen and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant in the United States, the company said on Tuesday.
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Austria's AMS expects impact from coronavirus in second quarter to be limited
Sensor specialist AMS said on Wednesday it expects the impact from the coronavirus in the second quarter to be limited, as it reported first-quarter revenues within the upper half of its own forecast.
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Special Report: Cyber-intel firms pitch governments on spy tools to trace coronavirus
When law enforcement agencies want to gather evidence locked inside an iPhone, they often turn to hacking software from the Israeli firm Cellebrite. By manually plugging the software into a suspect’s phone, police can break in and determine where the person has gone and whom he or she has met.
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Oracle wins cloud computing deal with Zoom as video calls surge
Zoom Video Communications Inc said on Tuesday it has started using Oracle Corp's cloud computing service to help handle the surge in online video call volumes brought on by the novel coronavirus pandemic.
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Alphabet warns of difficult quarter as consumers Google pandemic, not shopping
Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.
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Uber tech chief Thuan Pham steps down
Uber Technologies Inc's Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing https://bit.ly/2SiLDZB on Tuesday.
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Google parent Alphabet tops sales estimates despite virus hammering economy
Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit experienced a smaller drop-off in advertiser spending than had been anticipated given economic concerns related to the novel coronavirus.
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Chile's Entel hopes for strong 2020 as demand for telecoms booms amid coronavirus crisis
Chile telecoms giant Entel expects strong performance this year in Chile and neighboring Peru as quarantine measures to combat coronavirus increase demand for its services, though it cautioned that a global downturn could have unintended consequences.
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U.S. appeals court asks why Facebook encryption order should stay sealed
Federal appeals court judges asked prosecutors on Tuesday why a lower court could seal a ruling that absolved Facebook from having to wiretap a criminal suspect using one of the company’s encrypted services.
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Huawei, InterDigital enter licensing pact, end patent litigation; InterDigital surges
InterDigital Inc, a developer of digital mobile and video technology, said on Tuesday it has entered a worldwide patent licensing agreement with China's Huawei Technologies Ltd, and that the companies have settled all litigation against each other.
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U.S. senator urges criminal probe of Amazon.com 'predatory data practices'
Senator Josh Hawley urged the Justice Department on Tuesday to open a criminal probe of Amazon.com Inc, saying the online retailer was building a monopoly using "predatory data practices" on vendors using its platform.
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French contact-tracing app not ready yet, raises liberty issues: PM
French lawmakers will be allowed to debate and vote on the government's contact-tracing app once the government is confident it can prevent a resurgence of the coronavirus epidemic, Prime Minister Edouard Philippe said on Tuesday.
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Wirecard shares crash 26% after critical KPMG audit
An independent investigation by auditor KPMG into Wirecard found on Tuesday the German payments company did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times.
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Payments processor Checkout.com to join Facebook's Libra Association
Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra.
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French parliament will not discuss COVID-19 contact-tracing app at Tuesday's debate
The French parliament will not discuss government plans for a coronavirus contact-tracing app during Tuesday's debate about the end of the lockdown period, presidential party LREM spokeswoman Aurore Berge said on BFM television.
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Contact-tracing app for COVID-19 could be rolled out in 2-3 weeks - developer
A contact-tracing app designed to let people know if they have been in close contact with someone who tested positive for COVID-19 could be rolled out widely in Britain in two to three weeks, a senior official said on Tuesday.
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KPMG audit finds fault with Wirecard, shares slump 19%
An independent investigation by auditor KPMG into Wirecard found on Tuesday the German payments company did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times.
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Factbox: Key findings of KPMG audit into Wirecard
Auditor KPMG published the results of its independent investigation into Wirecard on Tuesday following allegations by the Financial Times of accounting irregularities at the German payments company.
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Remote work revenue could help Microsoft offset coronavirus impacts, analysts say
When Microsoft Corp reports earnings on Wednesday, analysts expect some areas of its business to take a hit from the novel coronavirus pandemic, with lower-than-expected sales in areas like advertising on its LinkedIn social network.
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China discounts, cheaper iPhone to cushion Apple from virus blow to demand
Apple Inc's discounts on the iPhone 11 in China and the release of a new low-price SE model have put the company in a better position than rivals to weather a coronavirus-related plunge in global smartphone demand.
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