Technology

Bitcoin surged by more than a fifth on Friday amid high volatility across rebounding global markets, reversing some of its heavy losses from a day earlier but still leaving the cryptocurrency down nearly 30% since the start of the week.

France will authorize the use of some of Huawei's equipment in the rollout of its 5G network, two sources close to the matter told Reuters, despite U.S. calls to exclude the Chinese telecoms giant from the West's next-generation communications.

The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.

Just Eat Takeaway (JET), Europe's largest online food ordering and delivery company, said on Friday its Takeaway subsidiary would begin dropping orders at the door as a precautionary measure in light of the global coronavirus outbreak.

SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the coronavirus pandemic.

SoftBank Group Corp said on Friday it will buy back up to 7% of its own shares for as much as 500 billion yen ($4.8 billion) - a decision that comes after activist investor Elliott Management pressed for $20 billion in stock buybacks.

Bitcoin plummeted on Thursday amid wild volatility in cryptocurrency markets, with traders citing a sell-off across assets as fears of the economic damage from the coronavirus pandemic take hold.

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).

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.

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.

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.

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.

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.

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.

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.

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.

Verizon Communications Inc on Thursday raised its full-year capital expenditure as it accelerates its transition to 5G network.

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.

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.

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.