Technology

SoftBank Group to buy back as much as 7 percent of its shares

Technology News (Reuters) - Fri, 03/13/2020 - 01:37
SoftBank Group Corp on Friday said it will buy back up to 7 percent of its own shares for as much as 500 billion yen ($4.77 billion).
Categories: Technology

Facebook, Twitter remove Russia-linked accounts in Ghana targeting U.S.

Technology News (Reuters) - Fri, 03/13/2020 - 01:20
Facebook Inc and Twitter Inc said on Thursday they had taken down a network of Russian-linked fake accounts operated out of Ghana and Nigeria which targeted the United States.
Categories: Technology

China's Didi sets $10 million fund for drivers who test positive for coronavirus

Technology News (Reuters) - Fri, 03/13/2020 - 00:57
Chinese ride-hailing company Didi Chuxing told Reuters on Thursday that it had created a $10 million fund to support drivers and couriers diagnosed with the coronavirus as companies worldwide grapple with how to respond to the pandemic.
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KPMG audit finds no manipulation in Wirecard's financial statements

Technology News (Reuters) - Fri, 03/13/2020 - 00:23
Wirecard AG said on Thursday auditing firm KPMG did not find any discrepancies in its audit of the company's operations in India and Singapore as well as the Merchant Cash Advance and Digital Lending division.
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Broadcom withdraws 2020 revenue forecast on coronavirus worries

Technology News (Reuters) - Thu, 03/12/2020 - 23:37
Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to demand and supply disruptions caused by the coronavirus outbreak.
Categories: Technology

Oracle's cloud push powers quarterly profit, revenue beat

Technology News (Reuters) - Thu, 03/12/2020 - 23:24
Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.
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Slack shares slump on soft outlook, slower growth

Technology News (Reuters) - Thu, 03/12/2020 - 23:24
Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.
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Italian antitrust watchdog probes Amazon, eBay over price spikes in virus crisis

Technology News (Reuters) - Thu, 03/12/2020 - 21:24
Italy's antitrust watchdog said on Thursday it was investigating e-commerce giants Amazon and eBay for an allegedly excessive rise in the price of products such as hand sanitizer during the coronavirus crisis.
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Trump signs law to prevent U.S. rural telecom carriers from using Huawei network equipment

Technology News (Reuters) - Thu, 03/12/2020 - 21:17
President Donald Trump signed legislation on Thursday to bar telecom carriers from using U.S. subsidies to purchase network equipment from Huawei Technologies [HWT.UL], ZTE Corp and other companies deemed a national security threat.
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Verizon raises 2020 capital expenditure in 5G push

Technology News (Reuters) - Thu, 03/12/2020 - 19:37
Verizon Communications Inc on Thursday raised its full-year capital expenditure as it accelerates its transition to 5G network.
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French watchdog to fine Apple over anti-competitive behaviour, sources say

Technology News (Reuters) - Thu, 03/12/2020 - 19:21
France's competition watchdog is set to fine iPhone maker Apple Inc next Monday over anti-competitive behaviour in its distribution and sales network, two sources close to the matter said on Thursday.
Categories: Technology

French watchdog set to fine Apple over anti-competitive behavior: sources

Technology News (Reuters) - Thu, 03/12/2020 - 18:48
France's competition watchdog is set to fine iPhone maker Apple next Monday over anti-competitive behavior in its distribution and sales network, two sources close to the matter said on Thursday.
Categories: Technology

U.S. senators seek to ban federal employees from using TikTok on their phones

Technology News (Reuters) - Thu, 03/12/2020 - 18:30
Two Republican senators on Thursday introduced a bill aimed at banning federal employees from using Chinese social media app TikTok on their government-issued phones, amid growing national security concerns around the collection and sharing of data on U.S. users with China's government.
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Volkswagen plans to tap electric car batteries to compete with power firms

Technology News (Reuters) - Thu, 03/12/2020 - 18:09
Volkswagen's expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday.
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Volkswagen says Tesla has 10-year start in electric cars

Technology News (Reuters) - Thu, 03/12/2020 - 18:08
United States electric car manufacturer Tesla has a 10-year start on rivals when it comes to building electric cars and software, Thomas Ulbrich, the Volkswagen brand's board member for electromobility said on Thursday.
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U.S. lawmakers seek to curb Huawei's access to U.S. banks: document

Technology News (Reuters) - Thu, 03/12/2020 - 18:03
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions to curb its business.
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Volkswagen hopes new software will banish accidents by 2050

Technology News (Reuters) - Thu, 03/12/2020 - 16:59
Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday.
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SoftBank's Son offers to donate face masks after coronavirus test kit offer slammed

Technology News (Reuters) - Thu, 03/12/2020 - 14:34
SoftBank founder Masayoshi Son on Thursday tweeted an offer to donate a million free face masks to help fight the coronavirus outbreak a day after twitter users criticized his proposal to give away test kits as an unnecessary burden on clinics and hospitals.
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Leave it on the doorstep: Deliveroo starts contactless delivery

Technology News (Reuters) - Thu, 03/12/2020 - 13:29
British food delivery service Deliveroo said it will allow orders to be left outside people's addresses so that the courier does not have to come into contact with the customer, to minimize the risk of spreading coronavirus.
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Tencent gets green light to publish two Nintendo Switch games in China

Technology News (Reuters) - Thu, 03/12/2020 - 13:25
China gave tech giant Tencent Holdings the green light on Thursday to publish Nintendo Switch games Super Mario Odyssey and Mario Kart 8 Deluxe, taking the number of games licensed for the console in the world's biggest game market to three.
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