Technology

Germany's financial watchdog BaFin said it has no plans to ban short-selling in payments company Wirecard even as hedge funds increased their bets speculating on a fall in the company's share price.

Taiwan's Foxconn posted an almost 90% drop in first-quarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.

Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.

Taiwan Semiconductor Manufacturing Co Ltd, the world's biggest contract manufacturer of computer chips, on Friday announced plans to build an approximately $12 billion advanced chip factory in Arizona.

The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office operator did not mention profitability in an email to employees that was reviewed by Reuters.

The We Company, owner of WeWork, said its first-quarter free cash outflow grew 60% sequentially, according to an email the company's chief financial officer sent to employees on Thursday and reviewed by Reuters.

Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.

Fortnite-creator Epic Games' digital videogame store was down on Thursday as it recorded huge traffic after reports that it was giving the premium edition of "Grand Theft Auto V" for free.

Satellite operator Intelsat SA said late on Wednesday that it filed for Chapter 11 bankruptcy protection, making it the latest casualty of severe business disruptions caused by the COVID-19 pandemic.

The United States on Thursday condemned attempts by China-linked "cyber actors and non-traditional collectors affiliated" to steal U.S. intellectual property and data related to coronavirus research, U.S. Secretary of State Mike Pompeo said.

Amazon Inc 's video game live-streaming platform Twitch is forming an advisory council of experienced users, online safety experts and anti-bullying advocates to help improve safety on the site, Twitch said in a blog post on Thursday.

France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance minister said on Thursday, adding such a tax had never been more legitimate or more necessary.

Technologists and health officials around the world are racing to develop smartphone apps to trace who has been in contact with carriers of the novel coronavirus.

France will go ahead with its tax on big digital businesses this year whether there is progress or not towards an international deal on the issue, its finance minister said on Thursday.

Semiconductor firm Nvidia Corp on Thursday announced a new chip that can be digitally split up to run several different programs on one physical chip, a first for the company that matches a key capability on many of Intel Corp's chips.

France will go ahead with plans to apply a tax on digital businesses this year whether or not there is an international deal on the issue, Finance Minister Bruno Le Maire said on Thursday.

Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.

Zoom Video Communications Inc said Thursday it plans to hire 500 software engineers for research and development locations in Phoenix and Pittsburgh over the next two years, expanding its engineering workforce by about 60%.

India's technology ministry said on Thursday it had rolled out a version of its Bluetooth contact-tracking app for 5 million JioPhones, the cheap internet-enabled devices sold by Reliance Industries' telecoms unit.

India is aggressively pushing a state-backed contact tracing app to fight the spread of COVID-19, raising fears that the world's second-most populous nation is on its way to Chinese-style methods of high tech social control.