Slack stock surges at debut, values company at more than $25 billion

Shares of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, soared nearly 60% in their public trading debut on Thursday, valuing the company at more than $25 billion.

Telecom Italia to start talks with CDP, Enel on single network

Telecom Italia has signed a non-disclosure agreement with state lender CDP and utility Enel to kick off talks on ways of integrating its fiber optic network with that of smaller rival Open Fiber, including a possible merger.

Apple recalls certain older MacBook Pro units

Apple Inc said on Thursday it would recall a limited number of 15-inch MacBook Pro units as their batteries are susceptible to overheating and pose a "fire safety risk".

Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan

Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc have joined other companies in their opposition to a Trump administration plan for more U.S. tariffs on Chinese goods, including iPhones, Macs, and single-serve coffee brewers.

Hungary has no evidence of Huawei threat, plans rapid 5G rollout: minister

Hungary has no evidence that equipment from Chinese telecoms giant Huawei poses a security threat, a government minister said on Thursday, adding that Budapest was mulling incentives to accelerate the rollout of a high-speed 5G network.

Telecom Italia says to start talks with CDP, Enel on fiber network integration

Telecom Italia said on Thursday it had signed a non-disclosure agreement with state lender CDP and utility Enel aimed at kicking off talks on ways of integrating its fiber optic network with that of smaller rival Open Fiber.

Slack starts trade with surge, valued at more than $23 billion

Shares of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, debuted in public trading at a price of $38.50 each, valuing the company at more than $23 billion, well above the $16 billion reference point set by the New York Stock Exchange.

Factbox: What is Slack?

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, went public via a direct listing on June 20, instead of the more popular initial public offering route.

Slack surges 50% in unusual listing, grabs $23 billion valuation

Shares of Slack Technologies Inc surged 50 percent in their debut through a direct listing on Thursday, giving the workplace messaging app owner a valuation of about $23 billion.

Unruly social media no model for Facebook's Libra currency: BoE's Carney

Facebook cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday.

Philippines' Globe Telecoms launches 5G service backed by Huawei equipment

Philippines' Globe Telecom Inc on Thursday launched Southeast Asia's first 5G broadband service, with embattled Huawei Technologies Co Ltd providing the equipment, a win for the Chinese firm despite cybersecurity worries from Western nations.

Keep calm and buy more avocados: Walmart-Cornershop deal falls

Walmart and delivery app Cornershop have ditched plans to link up after Mexican anti-trust officials blocked the deal earlier this month, Cornershop co-founder Oskar Hjertonsson said on Twitter.

Apple says U.S. tariffs on China to hurt global competitiveness

Apple Inc said proposed U.S. tariffs on goods from China, including iPhones, iPads, and Macs, will reduce the company's contributions to the U.S. economy and hurt its global competitiveness.

Goldman slashes Tesla price target by $42 on demand concerns

Goldman Sachs on Thursday cut its price target on Tesla Inc by 21%, to third lowest on the Street, on concerns about the sustainability of demand for the electric car maker's models.

LinkedIn jobs boost caps record FDI period for Ireland

Microsoft's LinkedIn on Thursday said it would add 800 new roles to its European headquarters in Dublin, the latest major jobs announcement that capped off a record six months for foreign direct investment (FDI) into Ireland.

Alexa, how can I fly to Mumbai?

When Karan Mehrotra booked a flight from Delhi to Guwahati, he did not go to a travel agent or an airline website.

Chainalysis, LINE unit BITBOX in anti-money laundering partnership

Chainalysis, a start-up specializing in countering money laundering and fraud in the digital currency space, has forged a partnership with BITBOX, a cryptocurrency exchange launched in July 2018, a top official of the U.S. company said on Thursday.

Slack to take unusual route to public markets, likely valuing it around $16 billion

Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter.

Russia's Putin says U.S. move against Huawei aims to weaken China

Russian President Vladimir Putin said on Thursday that U.S moves against technology giant Huawei aimed to weaken China, while U.S. tariffs sought to hold the Chinese economy back.

Social network LinkedIn to add 800 jobs in Ireland

Microsoft's Linkedin, a social network for professionals, on Thursday said it would add 800 new jobs to its European headquarters in Dublin, the latest technology company to boost its presence in Ireland.

Dawn Capital raises $125 million for new Europe tech fund

Venture capital firm Dawn Capital said on Thursday it had raised $125 million for its latest fund which is aimed at business-to-business technology companies across Europe.

Facebook's Libra cryptocurrency could raise regulatory issues: BoE deputy governor

Plans by Facebook Inc to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England Deputy Governor Sam Woods said on Thursday.

Bank investments in technology not yet driving significant revenue growth: Accenture

The $1 trillion invested by traditional banks globally over the past three years to improve their technology has not yet delivered the revenue growth that had been expected, according to an Accenture report released on Thursday.

Renault, Nissan join Waymo in exploring driverless services in France, Japan

French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.

Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

In China, the sales maxim of 'know your customer' is being taken to new lengths.

Delta Air not expecting flight cancellations as result of tech issue

Delta Air Lines Inc said it was not expecting flight cancellations as a result of a technical glitch that had affected booking, check-in and boarding services.

Collections Firm Behind LabCorp, Quest Breaches Files for Bankruptcy

A medical billing firm responsible for a recent eight-month data breach that exposed the personal information on nearly 20 million Americans has filed for bankruptcy, citing “enormous expenses” from notifying affected consumers and the loss of its four largest customers. The filing, firs...

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Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets

Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.

Delivery startup Rappi partners with Visa to offer pre-paid cards in Brazil

Delivery startup Rappi is partnering with Visa Inc to offer a prepaid card linked to its digital wallet in Brazil, expanding the product's rollout from Mexico and Colombia, where Rappi was founded, executives from the two companies told Reuters.

MLB details first three matchups for live games on YouTube

Major League Baseball and YouTube on Wednesday released details of the first three matchups under their agreement to stream a package of 13 live games every week on the video-sharing website.