Facebook has revealed plans to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
China's Huawei has taken a harder-than-expected hit from a US ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.
Broadcom sent a shockwave through the global chip making industry on Friday with its forecast that US-China trade tensions and the ban on doing business with Huawei Technologies would knock US$2 billion off the company's sales this year.
Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with US sanctions last month.
AGL Energy has no plans to break up its takeover target, Vocus Group, but instead will aim to grow the combined businesses, AGL CEO Brett Redman said.
Sweden’s Ericsson has raised its forecast for 5G subscriptions by 27 per cent to 1.9 billion by 2024, with network coverage offering access to 45 per cent of the world’s population.
Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei in response to the recent U.S. blacklisting of the Chinese tech firm, according to people familiar with the matter.
The group of 20 finance ministers has agreed to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday.
Google has revealed it would buy Looker, a privately held big-data analytics company, for US$2.6 billion in cash, in the first major acquisition for new Google Cloud chief executive Thomas Kurian.
Microsoft and Oracle have reached an agreement to make their two cloud computing services work together with high-speed links between their data centres, targeting big business users and uniting against cloud leader AWS.
Former HPE CEO was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of Autonomy.
Nokia has attracted increased interest in its next-generation telecoms equipment in recent weeks, helping it to move ahead of Chinese rival Huawei in total 5G orders, one of the Finnish company's directors said.
Huawei Technologies has unveiled an open lab for next-generation 5G wireless network in South Korea, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation.
HP is working with Israeli cyber security firm Deep Instinct to launch HP Sure Sense to prevent advanced cyber attacks.
Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.
