SAP plans restructuring after signs of weakness emerge

SAP will take a restructuring charge of up to 950 million euros ($1 billion) to reshape its business after growth slowed in parts of the software maker over the last three months.

Philips shifting 'hundreds of millions' of production due to trade war

The trade war between Washington and Beijing is forcing Dutch health technology company Philips to move "hundreds of millions" of euros worth of production from the United States to China, and vice versa, to avoid punitive tariffs.

Intel to get state grant of around $1 billion for Israel expansion: finance minister

Intel Corp will receive a grant of about a billion dollars from the Israeli government for its planned, record-setting investment to expand its operations in the country, Israel's finance minister said on Tuesday.

SAP sets restructuring after fourth-quarter shows some weakness

Business software company SAP said on Tuesday it would undertake a company-wide restructuring to accelerate its business transformation as it reported results that showed slowing growth in new orders for its cloud products.

Huawei lawyer says CFO Meng a 'hostage' after U.S. presses charges

Huawei's CFO "should not be a hostage" in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch trade talks with Beijing.

SAP sets restructuring after meeting 2018 revenue, profit goals

Business software company SAP said on Tuesday it would undertake a company-wide restructuring to accelerate its business transformation, after meeting its revenue and profits guidance in 2018.

Philips moves U.S. and China production lines due to trade war

Dutch health technology company Philips on Tuesday said it is moving "hundreds of millions" of euros worth of production from the United States to China and vice versa, to mitigate the effects of the ongoing trade war between the two countries.

Potential global cyber attack could cause $85 billion-$193 billion worth of damage: report

A co-ordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management showed.

Philips promises higher returns as growth set to continue

Dutch health technology company Philips on Tuesday said it would increase returns to shareholders, as it expected sales growth to continue despite economic headwinds.

SAP sets restructuring after missing 2018 revenue, profit goals

Business software company SAP said on Tuesday it would undertake a company-wide restructuring to accelerate its business transformation, after missing its revenue and profits guidance in 2018.

U.S. charges China's Huawei for sanctions violations, technology theft

The United States on Monday announced criminal charges against China's Huawei Technologies Co Ltd, escalating a fight with the world's biggest telecommunications equipment maker which denies wrongdoing, and coming days before trade talks with Beijing.

SAP says to restructure business, sets longer-term guidance

Business software company SAP said on Tuesday it would undertake a company-wide restructuring as it presses ahead with its business transformation, stressing its ambition to more than triple its cloud business by 2023.

Australia's TPG Telecom dumps Huawei-supplied mobile network citing government ban

Australia's TPG Telecom Ltd said on Tuesday it has abandoned building its mobile telephone network because it relied on Huawei Technologies Co Ltd equipment that has been banned by Australia's government on security grounds.

Fintech companies raised a record $39.6 billion in 2018: research

Venture capital-backed financial technology companies raised a record $39.57 billion from investors globally in 2018, up 120 percent from the previous year, according to research by data provider CB Insights published on Tuesday.

U.S. charges China's Huawei over alleged Iran sanctions violations

The United States on Monday announced criminal charges against China's Huawei Technologies Co Ltd, escalating a fight with the world's biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing.

U.S. citizen leaks data on 14,200 people in Singapore with HIV

An HIV-positive American who had been deported from Singapore after serving a jail term has leaked online the personal data of 14,200 Singaporeans and foreigners diagnosed in the city-state with the virus.

China expresses serious concern about U.S. charges on Huawei

China expressed serious concern on Tuesday after the United States announced criminal charges against Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, for allegedly conspiring to violate U.S. sanctions on Iran.

Australia's TPG Telecom cancels Huawei-supplied mobile network

Australia's TPG Telecom Ltd on Monday said it has halted construction of its mobile telephone network because it relied on Huawei Technologies Co Ltd equipment that has been banned by Australia's government on security grounds.

China's industry ministry says Huawei indictments are 'unfair, immoral'

The U.S. government's indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China's industry and information technology ministry said on Tuesday.

Facebook's Instagram back up after partial outage

Facebook Inc's photo-sharing social network Instagram said on Monday the service is fully functional now after an issue that caused an outage for some users was resolved.

Facebook's Instagram is down for some users

Facebook Inc's photo-sharing social network Instagram on Monday said its network was down for some users.

U.S. charges China's Huawei with conspiring to violate Iran sanctions

The United States on Monday announced criminal charges against China's Huawei Technologies Co Ltd, escalating a fight with the world's biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing.

Apple to patch privacy bug in video calling feature

Apple Inc said on Monday that it will issue a software patch later this week for a bug that lets iPhone users hear audio from users that have not yet accepted a video call.

Huawei CFO to appear in Canada court on Tuesday

Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou was set to appear in a Canadian court on Tuesday to discuss changes to her bail terms, according to British Columbia Supreme Court schedules.

Australia's TPG Telecom dumps Huawei-supplied mobile network

Australia's TPG Telecom Ltd canceled the rollout of its mobile telephone network on Monday because it relied on Huawei Technologies Co Ltd equipment that has been banned by Australia's government on security grounds.

Whirlpool says costs, strong dollar to hit 2019 profit, shares fall

U.S. home appliances maker Whirlpool Corp said on Monday its 2019 adjusted profit and revenue are likely to rise less than analysts' expectations due to a higher tax bill, costs and a strong dollar, sending its shares down 6.5 percent after the bell.

AT&T to cut jobs in weaker business units

AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday.

Intel to invest $11 billion on new Israeli chip plant: Israel finance minister

Intel Corp will invest 40 billion shekels ($10.9 billion) on a new chip-making factory in Israel, the Israeli finance minister said on Monday, the latest multi-billion dollar investment in the country by the U.S. semiconductor giant.

House panels to hold joint hearing on Sprint, T-Mobile merger

Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp's proposed $26 billion merger and its potential impact on consumers.

Snap names Lara Sweet as interim CFO

Snap Inc on Monday named its Chief Accounting Officer Lara Sweet as interim chief financial officer and said it has begun a search for a permanent CFO.