Huawei Technologies' device business, comprising mainly smartphones, made a 11 billion yuan ($1.55 billion) profit in the first half of this year - as much as it earned in all of 2018 - a rare regulatory filing showed.
German software firm TeamViewer's IPO already oversubscribed
The initial public offering for German software company TeamViewer was immediately oversubscribed when its shares went on offer on Thursday, putting it on track to reach the 5.5 billion euro ($6.1 billion) valuation it is seeking.
France: we can't allow Facebook's Libra in Europe
Facebook's Libra cryptocurrency cannot be allowed to operate in Europe while concerns persist about sovereignty, systemic financial risks and the risk of abuses by a dominant market player, France's finance minister said on Thursday.
Singapore's Vertex adds $290 million venture fund for high-growth tech firms
Singapore-based Vertex Venture Holdings, the first main backer of Southeast Asia's ride-hailing giant Grab, has added a new $290 million venture capital fund targeting investments in high-growth technology firms, a senior company official said.
Waymo eyes deploying self-driving technology in trucking: CEO Krafcik
Waymo is exploring deploying its self-driving technology in the trucking industry, CEO John Krafcik said on Thursday, as it works with industry partners to seize a commercial opportunity from a looming shortage of human drivers.
EU court says Germany has to notify EU of copyright law targeting Google
Google won a victory on Thursday after Europe's top court said Germany has to notify the European Commission of a rule allowing publishers to demand a copyright fee from the U.S. tech giant for using news snippets.
Swiss welcome scrutiny in handling Libra cyrptocurrency: watchdog
Switzerland welcomes international scrutiny of the way it oversees the Facebook-led Libra cryptocurrency project and is ready to work with other countries to ensure seamless supervision, the top Swiss financial watchdog said.
Toyota tests solar-powered Prius in quest for plugless electric car
Inspired by new ultra-thin solar panels developed for satellites, a project led by Toyota Motor Corp is experimenting with a sun-powered Prius that it hopes will one day require no plugging in.
Explainer: Advertising executives point to five ways Google stifles business
U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business.
Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion
Yahoo Japan Corp on Thursday offered to buy the majority of online fashion retailer Zozo Inc for 400 billion yen ($3.70 billion), to better compete against rivals Amazon.com Inc and Rakuten Inc .
Yahoo Japan offers to buy control of Zozo for $3.7 billion
Yahoo Japan Corp said on Thursday it aims to buy 50.1% online fashion retailer Zozo Inc for about 400 billion yen ($3.70 billion), joining forces to better compete with rivals such as Amazon.com Inc and Rakuten Inc.
Yahoo Japan says it aims to buy Zozo for $3.7 billion
Yahoo Japan Corp said on Thursday it aims to buy 50.1% online fashion retailer Zozo Inc for about 400 billion yen ($3.70 billion), as it looks to better compete in e-commerce against rivals such as Amazon.com Inc and Rakuten Inc.
Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
AT&T sees weakness in wireless gear unit weighing on third-quarter revenue
AT&T Inc said on Wednesday weakness in its wireless equipment unit could weigh on its third-quarter revenue.
Chinese professor accused of Huawei-related fraud asks why case was moved to Brooklyn
A lawyer for a Chinese professor accused of obtaining technology from a Silicon Valley startup to benefit China's Huawei on Wednesday told a federal judge that he would like to know why the case is in her Brooklyn courtroom.
Yahoo Japan to launch bid for online retailer Zozo: NHK
Internet and e-commerce company Yahoo Japan Corp, will launch a takeover bid for online clothing retailer Zozo Inc, public broadcaster NHK said on Thursday.
Oracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a leave of absence due to health-related reasons, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
California Senate passes bill to tighten 'gig' worker rule
The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for gig economy companies like Uber Technologies Inc and Lyft Inc to classify workers as independent contractors rather than employees.
Explainer: Advertising execs point to five ways Google stifles business
U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business.
U.S. social media firms to testify on violent, extremist online content
Alphabet Inc's Google , Facebook Inc and Twitter Inc will testify next week before a U.S. Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement.
Apple may steal Netflix streaming crown, but only for a year
Apple Inc's move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc.
Egypt to start work on $2.4-billion telecom network for first phase of new capital city
Egypt's communications ministry will begin work on a 40 billion Egyptian pound ($2.44 billion) telecommunications network in the first phase of a new capital city being built east of Cairo, a cabinet statement said on Wednesday.
Switzerland warns Facebook's Libra it will face extra scrutiny
Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws.
NY Payroll Company Vanishes With $35 Million
MyPayrollHR, a now defunct cloud-based payroll processing firm based in upstate New York, abruptly ceased operations this past week after stiffing employees at thousands of companies. The ongoing debacle, which allegedly involves malfeasance on the part of the payroll company’s CEO, resulted i...
Huawei plans first onshore bonds totaling 6 billion yuan
Huawei Technologies [HWT.UL] plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday.
Data science firm Explorium raises $19 million in funding
Explorium, a U.S.-Israeli data science firm, said on Wednesday it raised $19 million in private funding to expand its new platform.
European automakers tell governments they must help sell electric cars
Europe's carmakers are telling governments they must help build electric car charging points and provide consumer subsidies to boost sales of battery-powered vehicles and assist the industry in meeting stringent new emissions rules.
Huawei plans 6 billion yuan bond issue: prospectus
Huawei Technologies said in regulatory filings on Wednesday that it plans to issue two tranches of 3 billion yuan ($422 million) bonds, each with three-year maturities.
UK says to decide on Huawei soon but China must play by rules
Britain will make a decision soon about whether to allow Huawei equipment to be used in its 5G networks but China must play by the rules if it gets access to Western markets, Defense Secretary Ben Wallace said.
Singaporean robot-designing couple welcomes own human creation
Singaporean robot creator Wong Choon Yue raises his left hand and swipes it past a sensor in a high-five gesture.