Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company. The sale announced Tuesday is aimed at reviving Honor by separating it from Huawei’s network equipment business, which Washington says is a security threat, an accusation Huawei […]
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Lyft scored a major victory when California voters passed Proposition 22, allowing app-based companies to treat drivers as contractors instead of employees and saving the company from what many anticipated would be crippling expenses. The outcome was viewed as a defeat by labor leaders who hoped to cement a California law which would have given […]
Delivery giant DoorDash Inc. is planning to sell its stock to the public, capitalizing on the growing trend of consumers embracing app-based deliveries as much of the world stays home during the pandemic. The San Francisco-based company filed papers signaling its intent for initial public offering Friday. “Technology has changed consumer behavior and driven a […]
U.S. President Donald Trump has stepped up a conflict with China over security and technology by barring Americans from investing in companies that U.S. officials say are owned or controlled by the Chinese military. The Chinese government accused Washington of misusing national security as an excuse to hamper competition and warned Friday that Trump’s order […]
The government of Finland said Thursday it was preparing legislation that would allow citizens to change their personal identity codes in cases of gross data breaches that carry a high risk of identity theft. The government’s fast-tracked proposal was designed primarily to assist thousands of people whose personal information was stolen during a hacking of […]
Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. FedEx and UPS are ramping up their holiday hiring while expanding their weekend operations and asking retailers to use their shipping network when there is more slack. And stores are pushing shoppers to buy […]
Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. The San Francisco-based company brought in $499.7 million in revenue in the three months that ended Sept. 30. That was down 48% from the […]
Apple is rolling out new Mac computers powered by the same kind of chips that run iPhones and iPads, a move aimed at making it easier for its most popular products to work together. For instance, Macs using the new chips will be able to run the same apps designed for the iPhone’s mobile operating […]
The European Union on Monday agreed to tighten up rules for the sale and export of cybersurveillance technology. EU lawmakers and the European Council reached a provisional deal to update controls of so-called dual use goods such as facial recognition technology and spyware to prevent them from being used to violate human rights. Under the […]
Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly […]