Technology

SoftBank shares fall 3.5% after flagging first financial year loss in 15 years

Technology News (Reuters) - Tue, 04/14/2020 - 01:40
SoftBank Group Corp shares fell 3.5% on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to the tumbling value of bets on unproven startups.
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Telco shares are surprise losers as lockdown drives internet boom

Technology News (Reuters) - Tue, 04/14/2020 - 00:08
As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets.
Categories: Technology

Amazon stops accepting new online grocery customers amid surging demand

Technology News (Reuters) - Mon, 04/13/2020 - 21:30
Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores to prioritize orders from existing customers buying food online during the coronavirus outbreak, the company said on Sunday.
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Quick-hit streaming service Quibi reports 1.7 million downloads in first week

Technology News (Reuters) - Mon, 04/13/2020 - 19:58
About 1.7 million people downloaded the new entertainment streaming app Quibi during its first week on the market, Chief Executive Meg Whitman told CNBC television on Monday.
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Dish Network cuts jobs, re-evaluates business in coronavirus fallout

Technology News (Reuters) - Mon, 04/13/2020 - 17:53
Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off.
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EBay taps Walmart executive Iannone as CEO

Technology News (Reuters) - Mon, 04/13/2020 - 17:06
EBay Inc on Monday named Walmart executive Jamie Iannone as its top boss, handing over the reins to an outsider as the e-commerce firm deals with pressure from activist investor Starboard Value to shake up its management.
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Amazon to add 75,000 jobs as online orders surge during lockdowns

Technology News (Reuters) - Mon, 04/13/2020 - 16:31
Amazon.com Inc said on Monday it would hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers as the coronavirus epidemic keeps Americans locked in their homes and demand for online orders surge.
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Vietnam orders workers at Samsung Display unit to be quarantined after COVID-19 case

Technology News (Reuters) - Mon, 04/13/2020 - 06:47
Authorities in northern Vietnam have ordered people working at a unit of Samsung Display in the country to be quarantined after a worker there tested positive for the new coronavirus.
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Dutch telecommunications towers damaged by 5G protestors: Telegraaf

Technology News (Reuters) - Sun, 04/12/2020 - 15:05
Several Dutch cellular broadcasting towers have been damaged by arson or sabotage in the past week by opponents of a rollout of a new 5G telecommunications network, newspaper De Telegraaf reported on Saturday.
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Britain's NHS working with Google, Apple on app to track coronavirus contact: Sunday Times

Technology News (Reuters) - Sun, 04/12/2020 - 01:54
The technology arm of Britain's National Health Service has been working on a mobile phone app with Alphabet Inc's Google and iPhone maker Apple that the government hopes will help in ending the coronavirus lockdown, the Sunday Times newspaper reported.
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Siemens CEO rules out job cuts from coronavirus impact

Technology News (Reuters) - Sat, 04/11/2020 - 09:27
Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany.
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Apple, Google plan software to slow virus, joining global debate on tracking

Technology News (Reuters) - Sat, 04/11/2020 - 07:36
Apple Inc and Alphabet Inc's Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into logging other phones they have been near.
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Singapore stops teachers using Zoom app after 'very serious incidents'

Technology News (Reuters) - Sat, 04/11/2020 - 02:47
Singapore has suspended the use of video-conferencing tool Zoom by teachers after "very serious incidents" in the first week of a coronavirus lockdown that has seen schools move to home-based learning.
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Apple, Google to create contact tracing technology to fight coronavirus spread

Technology News (Reuters) - Fri, 04/10/2020 - 21:45
Apple Inc and Alphabet Inc's Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into a system that catalogs other phones they have been near.
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U.S. agencies back revoking ability of China Telecom to operate in U.S.

Technology News (Reuters) - Fri, 04/10/2020 - 19:26
The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp's authorization to provide international telecommunications services to and from the United States.
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Prominent China lawyer quits ZTE board after media reports of sexual assault probe

Technology News (Reuters) - Fri, 04/10/2020 - 12:36
A prominent Chinese lawyer who served on the board of telecoms equipment giant ZTE Corp has resigned after several news articles in state-backed media reported that he was under investigation for alleged sexual assault.
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Prominent China lawyer quits ZTE board after media reports of sexual assault

Technology News (Reuters) - Fri, 04/10/2020 - 11:56
A prominent Chinese lawyer who served on the board of telecoms equipment giant ZTE Corp has resigned after several news articles in state-backed media reported that he was under investigation for alleged sexual assault.
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Nintendo game pulled from Chinese platforms after Hong Kong protest

Technology News (Reuters) - Fri, 04/10/2020 - 11:18
A Nintendo Switch video game has been pulled off China's grey market e-commerce platforms, Reuters' checks show, after Hong Kong activist Joshua Wong used the game to protest against Beijing’s rule of the Chinese territory.
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China firmly opposes U.S. action against China Telecom: foreign ministry

Technology News (Reuters) - Fri, 04/10/2020 - 09:25
China's foreign ministry said on Friday that Beijing is opposed to any action by the United States to revoke China Telecom Corp's authorisation to provide international telecommunications to and from the United States.
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Indonesia leans on healthtech startups to cope with virus surge

Technology News (Reuters) - Fri, 04/10/2020 - 05:24
As coronavirus cases surge in Indonesia, doctors are working double-time treating patients both at hospitals and online through healthtech startups - an approach that is quickly becoming part of the national healthcare system.
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