Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Huawei says expect business impact from U.S. move to cut off chip supply
SHENZHEN, China (Reuters) - Huawei Technologies said on Monday that its business will be inevitably impacted by the latest U.S. move to restrict chip sales to the Chinese technology company, but it is...
May 18, 2020
Senegal online food company sees sales double due to epidemic
DAKAR (Reuters) - Since the coronavirus reached Senegal, a growing number of residents in the capital have begun ordering groceries online, a welcome boost to a fledgling delivery service in a country...
May 18, 2020
India’s Swiggy to lay off 1,100 employees as COVID-19 hits online food orders
BENGALURU (Reuters) - Indian food delivery startup Swiggy said on Monday it would lay off 1,100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown to curb the...
May 18, 2020
Panasonic annual profit slides, but Tesla battery venture logs second quarterly gain
TOKYO (Reuters) - Japan's Panasonic Corp posted on Monday a 29% drop in annual operating profit amid the coronavirus outbreak but said its battery cells joint venture with major customer Tesla Inc log...
May 18, 2020
SoftBank posts record $13 billion operating loss as tech bets slide
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $1...
May 18, 2020
New Zealand to roll out ‘digital diary’ app to help people track movements
SYDNEY (Reuters) - New Zealand will launch a contact-tracing app on Wednesday to help people track their movements as the country eases one of the world's most rigid lockdowns designed to slow the spr...
May 18, 2020
TSMC stops new Huawei orders after U.S. restrictions: Nikkei
(Reuters) - Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies [HWT.UL] in response to Washington's move aimed at further limiting chip supplies to the Chinese c...
May 17, 2020
SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom: Wall Street Journal
TOKYO (Reuters) - SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG , the Wall Street Journal reported on Monday c...
May 17, 2020
SK Hynix shares fall 3% after U.S. tightens rule to curb Huawei’s chip supply
SEOUL (Reuters) - Shares of SK Hynix , the world's No.2 memory chip maker after Samsung Electronics , fell 3.2% on Monday after the United States on Friday moved to curb shipments of semiconductors to...
May 17, 2020
Alibaba’s Jack Ma resigns from SoftBank board
TOKYO (Reuters) - SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. SoftBank said it w...
May 17, 2020
