FILE PHOTO: A man takes photos of iPhones at Apple’s new flagship store on its opening day after an outbreak of coronavirus disease (COVID-19) at Sanlitun in Beijing, China, July 17, 2020. REUTERS / Thomas Peter / File Photo SAN FRANCISCO (Reuters) – Arizona is leading a state investigation across …
Read More »IBM beats estimates; See profit as customers accelerate the move to the cloud
(Reuters) – International Business Machines Corp (IBM.N) topped second-quarter profit estimates on Monday, noting that demand for their cloud computing business would increase as large corporations accelerate their digital change due to the coronavirus crisis. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in …
Read More »Reliance-Google smartphone deal in India threatens Chinese companies
NEW DELHI (Reuters) – A $ 4.5 billion settlement under which Alphabet’s (GOOGL.O) Google will collaborate with Reliance Industries of India (RELI.NS) On a new smartphone it probably heralds a major shake-up for the world’s second-largest mobile market, industry executives and analysts say. FILE PHOTO: The Reliance Industries logo is …
Read More »Alibaba’s Ant Group fires a starter pistol on a double list in Hong Kong, Shanghai
HONG KONG (Reuters) – Ant Group, the fintech arm of Chinese e-commerce giant Alibaba Group Holding (BABA.N), said the process of a dual listing in Hong Kong and the Nasdaq-style Shanghai Star Market has begun, kicking off one of the world’s most anticipated IPOs. FILE PHOTO: The logo of Ant …
Read More »