(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 »Twitter stepped up search to complete top security job before hacking
(Reuters) – Twitter Inc (TWTR.N) had intensified its search for an information security chief in recent weeks, two people familiar with the effort told Reuters, before the high-profile account breach on Wednesday raised alarm about the platform’s security. The FBI’s San Francisco division is leading an investigation into Twitter’s hacking, …
Read More »Trump administration action on risks posed by TikTok likely ‘in weeks’: official
ON BOARD AIR FORCE ONE (Reuters) – The administration of President Donald Trump is studying the national security risks of social media applications, including TikTok and WeChat, with actions to address the projected problem in the coming weeks, the Wednesday a White House official. FILE PHOTO: The Tik Tok logo …
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