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HONG KONG (Reuters) – China’s Huawei Technologies forecast smartphone shipments of 140 million to 150 million this year, a sharp slowdown in annual growth as the world’s third-largest smartphone maker chases profits instead of volumes by selling more high-end phones. Shenzhen-based Huawei’s profit growth has been under pressure with its low margin smartphone business facing […]
(Reuters) – Chipmaker Intel Corp raised its full-year revenue and profit forecasts on higher expectations for its mainstay personal computer business and growth in newer areas such as artificial intelligence and autonomous driving. Shares of the world’s largest chipmaker, which also beat second-quarter estimates, were up 1.3 percent in after-hours trading on Thursday. Intel has […]
News highlights for 27 July 2017 Jeff Bezos now the richest person in the world (Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company’s meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported. Twitter […]
LAGOS (Reuters) – Alphabet Inc’s Google aims to train 10 million people in Africa in online skills over the next five years in an effort to make them more employable, its chief executive said on Thursday. The U.S. technology giant also hopes to train 100,000 software developers in Nigeria, Kenya and South Africa, a company […]
(Reuters) – Facebook Inc’s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four of the most […]
NEW YORK/ATHENS/MOSCOW (Reuters) – A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. Alexander Vinnik was arrested in a small beachside village in northern Greece on […]
News highlights for 26 July 2017 Amazon goes head to head with Alibaba in Singapore SINGAPORE (Reuters) – Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant’s biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. Read more… Whitman steps down as […]
SAN FRANCISCO (Reuters) – Russian intelligence agents attempted to spy on President Emmanuel Macron’s election campaign earlier this year by creating phony Facebook personas, according to a U.S. congressman and two other people briefed on the effort. About two dozen Facebook accounts were created to conduct surveillance on Macron campaign officials and others close to […]
SAN FRANCISCO (Reuters) – The Trump administration’s refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official websites in Qatar, helping to create a regional crisis; suspected […]
SAN FRANCISCO (Reuters) – Adobe Systems Inc’s Flash, a once-ubiquitous technology used to power most of the media content found online, will be retired at the end of 2020, the software company announced Tuesday. Adobe, along with partners Apple Inc, Microsoft Corp, Alphabet Inc’s Google, Facebook Inc and Mozilla Corp, said support for Flash will […]
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