Technology

Ericsson posted better than expected quarterly earnings on strong demand for 5G network equipment even as the coronavirus wreaked havoc, lifting the Swedish telecoms company's shares 5% in early trade.

The Swiss government will keep current safety standards for fifth-generation (5G) mobile frequency emissions, it said on Wednesday, settling a debate that has delayed the rollout of the new technology.

Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's extensive reach within the country.

SoftBank Group-backed OYO Hotels and Homes has cut salaries of all employees in India by 25% for four months starting in April and also put some of its staff on leave without pay, according to an internal memo reviewed by Reuters.

Chinese e-commerce giants Alibaba Group Holding Ltd and JD have each launched booking services for COVID-19 tests, the companies announced.

Hackers working in support of the Vietnamese government have attempted to break into Chinese state organisations at the centre of Beijing's effort to contain the coronavirus outbreak, U.S. cybersecurity firm FireEye said on Wednesday.

China has allowed 200 employees from South Korea's Samsung Electronics Co Ltd to enter the country to work on an expansion of the firm's NAND memory chip factory, the company said on Wednesday.

Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.

Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.

Netflix Inc more than doubled its own projections for new customers as quarantined audiences binged on series such as "Tiger King," but the company predicted a weaker second half of the year if stay-at-home orders to fight the coronavirus are lifted.

China's banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been affected.

Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.

Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese gaming company.

Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.

Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.

Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.

A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting on Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.

President Donald Trump would require technology workers in the United States on H-1B visas to provide updated certifications that they are not displacing American workers, according to a draft executive order, Bloomberg News reported on Tuesday.

Videogame sales in March hit their highest in over a decade, as Americans turned to games like "Animal Crossing: New Horizons" and "Call of Duty: Modern Warfare" because of lockdowns to stem the spread of the coronavrius.

Britain's House of Commons, where lawmakers notoriously jeer at rivals seated two sword-lengths away, is about to find out whether it can make ministers sweat over Zoom.