Technology
Expedia to boost liquidity with $3.2 billion capital raise, names new CEO
Expedia Group Inc said on Thursday it was raising $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand.
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Google to make verification mandatory for all advertisers
Alphabet Inc's Google said on Thursday all advertisers would have to complete a verification process before buying ad space on its platform, starting this summer, in a bid to make its ad practices more transparent.
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Vietnam says Facebook should adhere by local laws
Companies such as Facebook that operate in Vietnam should abide by local laws and fully implement their tax and social responsibilities in the country, Vietnam's foreign ministry said on Thursday.
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Imagination Tech's Chinese owner plans to re-list chip designer: FT
Canyon Bridge, the China-backed owner of Imagination Technologies, plans to re-list the UK-based chip designer in London, New York or Hong Kong, the head of the private equity firm told the Financial Times on Thursday.
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Expedia gets $1.2 billion investment from Silver Lake and Apollo; appoints new CEO
Online travel services provider Expedia Group Inc said on Thursday private equity firms Silver Lake Partners and Apollo Global Management Inc would invest about $1.2 billion in the company.
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China to cut new energy vehicle subsidies by 10% this year
China will cut subsidies on new energy vehicles (NEV) such as electric cars by 10% this year, the finance ministry said on Thursday, following a decision last month to continue providing incentives to buy cleaner cars.
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China's Hisense to cut about 23% of jobs in Europe
Chinese household appliances maker Hisense will cut about 2,200 jobs in Europe by the end of the year because of a coronavirus-related demand slump, Slovenia-based Hisense Europe said on Thursday.
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U.S. bank investors put on mute as shareholder meetings go virtual
Often rowdy and confrontational, this year's bank shareholder meetings have so far been brief and uneventful as the annual gatherings move online amid U.S. coronavirus lockdowns.
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China's BYD, Toyota's Hino partner in electric commercial vehicles
Chinese electric vehicle maker BYD said on Thursday it has partnered with Toyota-owned truck maker Hino Motors to develop electric commercial vehicles, as BYD deepens electric collaboration with Japan's top automaker.
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Germany at odds with Apple on smartphone coronavirus contact tracing
Germany has chosen a home-grown technology for smartphone-based tracing of coronavirus infections, putting it at odds with Apple which has refused on privacy grounds to support the necessary short-range communication on iPhones.
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Apple supplier LG Display posts wider first-quarter loss as pandemic dents demand
Apple Inc supplier LG Display Co Ltd warned of a sharp contraction in demand for TVs and smartphones as a result of the new coronavirus outbreak in the current quarter, after widening its first-quarter losses.
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In Syria rebel stronghold, building makeshift ventilators to fight virus
A team of volunteers in Syria have cobbled together prototypes of a ventilator and a testing machine - homemade equipment to fight the new coronavirus if it hits the last rebel stronghold, where hospitals lie in ruins after nine years of war.
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For SoftBank's Son, coronavirus turns vision to illusion
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.
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Zoom users top 300 million as ban list grows
Zoom video conferencing app's user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.
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SK Hynix warns of volatile chip demand after first-quarter profit beats forecast
SK Hynix warned on Thursday that demand for chips will remain volatile, while restrictions on global movement, if prolonged, could disrupt production, sales and product development across the industry.
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Britain clears Takeaway.com's purchase of Just Eat
Britain's competition regulator on Thursday cleared online food delivery company Takeaway.com's takeover of UK rival Just Eat, saying the 6.2 billion pound ($7.7 billion) deal would not reduce competition.
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Takeaway issues shares after watchdog gives Just Eat buy final approval
Europe's largest online food ordering service Just Eat Takeaway.com NV moved quickly to shore up its finances with an overnight share and convertible bond issue, as Britain's competition watchdog gave the company's merger final approval.
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China's Didi sees overseas business off coronavirus low, eyes payment firm deals, new markets: executive
China ride-hailing giant Didi Chuxing is upbeat that business overseas has turned a corner after dropping to a mid-March low amid the coronavirus pandemic, a senior executive said, and is already looking into new markets and payment firm acquisitions.
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U.S. lawmaker says any COVID-19 contact tracing tech should be voluntary and limited
Senator Edward Markey, a Democrat and online privacy advocate, said in a letter released Wednesday that any digital coronavirus contact tracing should be voluntary, transparent and collect only the information needed to identify who might be at risk of contracting the respiratory ailment that has killed more than 45,000 people in the United States.
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Flaw in iPhone, iPads may have allowed hackers to steal data for years
Apple Inc is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers.
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