Technology News (Reuters)

Apple Inc on Friday moved its annual developers conference in San Jose, California, in June entirely online, citing the "current health situation."

Online food delivery company GrubHub Inc said on Friday it will temporarily suspend collecting commission fees of up to $100 million from independent U.S. restaurants hit by the 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 Management but failed to soothe investors panicking from the coronavirus pandemic.

Activist investor Elliott Management said on Friday it supports SoftBank Group Corp's latest move to buy back up to $4.8 billion of its shares.

Chinese telecoms company ZTE is the subject of a new bribery investigation at the U.S. Justice Department, centered on suspected bribes paid to foreign officials to gain advantages in its worldwide operations, NBC News said.

Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.

Xerox Holdings Corp, which is in a proxy fight for control of HP Inc, said on Friday it would postpone meetings with shareholders of the personal computer maker amid the coronavirus outbreak.

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.