TOKYO (Reuters) – Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in
Technology
FILE PHOTO – U.S. Democratic presidential candidate Amy Klobuchar speaks at a North Carolina Democratic Party event in Charlotte, North Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc, calling any deal bad
FILE PHOTO: The Huawei logo is pictured in the Manhattan borough of New York, New York, U.S., July 15, 2019. REUTERS/Carlo Allegri BEIJING (Reuters) – China’s commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures to safeguard Chinese firms
FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper (Reuters) – A California state panel on Friday rejected a request from Elon Musk’s
FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo BEIJING/HONG KONG (Reuters) – China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei. The Trump administration on Friday moved to
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – A group of state attorneys general led by Texas are likely to -file an antitrust lawsuit against Alphabet Inc’s (GOOGL.O) Google and are working on potential litigation for later this year, a person familiar with
WASHINGTON (Reuters) – The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. FILE PHOTO: The Huawei logo is seen on a communications device in London, Britain, January 28, 2020. REUTERS/Toby Melville The U.S. Commerce Department said it
(Reuters) – Electric car maker Tesla Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in
FILE PHOTO: EU Commissioner for Justice Didier Reynders attends a meeting of the College of EU Commissioners in Brussels, Belgium, December 4, 2019. REUTERS/Francois Lenoir BRUSSELS (Reuters) – COVID-19 contact-tracing apps must only be used during the pandemic and will need to be automatically de-activated once the crisis is over, EU justice commissioner Didier Reynders
FILE PHOTO: A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration (Reuters) – China-linked hackers are breaking into American organizations carrying out research into COVID-19, U.S. officials said on Wednesday, warning both scientists and public health officials to be
LEE-ON-SOLENT, England (Reuters) – A new drone service will reduce delivery times for urgent medical supplies to a hospital on the Isle of Wight, which lies about 8 kilometres off the south coast of England. FILE PHOTO: A fixed-wing, twin-engined UAV (unmanned aerial vehicle) is seen in front of a hangar at Lee-on-Solent airport, Britain
(Reuters) – Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter. FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration A merger could give Uber Eats’ money-losing
FILE PHOTO: The logo of consumer electronics company Bang & Olufsen is seen at a shop in Vienna, Austria, July 7, 2016. REUTERS/Heinz-Peter Bader COPENHAGEN (Reuters) – TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it planned to raise 400 million crowns ($58 million) via a rights issue, equivalent to half its
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk on Monday said production was resuming at the company’s primary vehicle factory in California and asked to be the only one arrested as he defied local officials who said the plant should remain closed to curb the spread of the coronavirus. California Governor Gavin Newsom (L)
FILE PHOTO: The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg. STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson said on Monday it will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously
(Reuters) – The Trump administration is in talks with semiconductor companies about building chip factories in the United States, representatives from two chipmakers said on Sunday. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah Tikva, near Tel Aviv, Israel December 15, 2019. REUTERS/Amir Cohen/File Photo Intel Corp (INTC.O)