Technology

Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company's smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy.

Lyft Inc on Wednesday said it has launched a new on-demand delivery service to provide essential goods, including groceries, meals and medical supplies, to people in need during the coronavirus crisis.

The Mobile World Congress (MWC), the telecoms industry's biggest annual gathering, will be held in Barcelona until 2024, extending its current contract by one year, the GSMA association that hosts the congress said on Wednesday.

The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the United States like a deep freeze - long-distance travel was hit early on, but eventually overall retail foot traffic slowed to a crawl, too.

Frontier Communications Corp has filed for bankruptcy protection in the United States, the high-speed internet company said on Tuesday, as it restructures finances to cut down its borrowings by more than $10 billion.

Zoox Inc said on Tuesday it had settled a lawsuit with Tesla Inc after admitting that some new hires from the electric carmaker were in possession of certain Tesla documents when they joined the U.S. self-driving car startup.

Tesla's stock extended its recent rally on Wednesday following a surge in China car registrations and after Goldman Sachs initiated coverage of the electric car maker with a "buy" recommendation.

Contact tracing has been used for decades to control the spread of infectious diseases. The basic idea is simple: track down infected people, then find everyone who has been near them and encourage those people to stay home until it is clear they are not sick.

Amazon will close its warehouses in France until at least early next week after a court ordered it to limit deliveries to essential goods such as food and medical supplies.

Amazon said on Wednesday it may temporarily close its warehouses in France after a court ordered the e-commerce giant to limit deliveries in the country to essential goods like food and medical supplies.

An Apple collaboration with Google will make it quicker to get systems for tracing coronavirus infections up and running, the prime mover behind a European effort to support the smartphone technology says.

Valuations of Chinese unicorns have fallen below levels reached in the firms' most-recent fundraising rounds, secondary market offerings by existing investors show, highlighting the strain on backers amid the coronavirus outbreak and volatile markets.

Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.

Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, the company said on Tuesday.

U.S. electric vehicle maker Tesla Inc's China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed.

Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, sources told Reuters on Tuesday.

Amazon.com Inc said on Tuesday it had fired three critics of the company's pandemic response for workplace violations, dismissals that drew sharp words from U.S. Senator Bernie Sanders and a labor coalition.

Glade Brook Capital Partners LLC, the venture capital firm led by Paul Hudson, is pitching a new fund to investors targeting the debt of private technology companies impacted by economic disruption from COVID-19.

Washington state's attorney general filed a second lawsuit against Facebook Inc over political ads on Tuesday, saying the social media giant once again failed to make disclosures required under the state's campaign finance laws.

NBCUniversal's long-awaited streaming service, Peacock, will launch free to some Comcast Corp customers on Wednesday with a limited slate of new content, as productions for its original programming have been halted amid the global coronavirus pandemic.