By CATHY BUSSEWITZ Associated Press NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its […]
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By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — An Amazon executive said he quit his job at the online-retail giant to protest the firing of employees who spoke up about the conditions inside the company’s warehouses and its record on climate change. Tim Bray, a vice president at the company, wrote in a […]
By MARCY GORDON AP Business Writer WASHINGTON (AP) — House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices. In a letter to Bezos on Friday, leaders of the House Judiciary Committee from both parties are […]
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the current quarter with the coronavirus pandemic eating into global sales of smartphones, […]
By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Global digital platforms Google and Facebook will be forced to pay for news content in Australia, the government said Monday, as the coronavirus pandemic causes a collapse in advertising revenue. Treasurer Josh Frydenberg said the Australian Competition and Consumer Commission would release in late July draft […]
By BARBARA ORTUTAY and AMANDA SEITZ Associated Press Facebook will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site, the latest in a string of aggressive efforts the social media giant is taking to contain an outbreak of viral falsehoods. The new notice will be sent to users […]
Initial cases of COVID-19 were first declared in December 2019, in Wuhan, China. After four months, the virus has now been diagnosed in 167 countries and almost 140,000 people have died. The impact of the disease throughout the world will have unprecedented consequences for virtually all aspects of the global economy. The world seems to […]
By TALI ARBEL AP Technology Writer NBCUniversal says its video-streaming service Peacock will launch nationally in July as planned, even though just a handful of its original series will be ready. The service was meant to have a mix of originals, classic shows and movies, and current NBC programming like its late-night shows and “Law […]
RtBrick has recently announced the availability of its Broadband Network Gateway (BNG) software. RtBrick’s BNG is the first use-case for its FullStack routing software, which runs on merchant-silicon hardware, transforming it into carrier IP/MPLS infrastructure. Mr. Richard Brandon, VP of Marketing at RtBrick talks us through their new software for disaggregated networks. Tell us about […]
By KELVIN CHAN AP Business Writer LONDON (AP) — A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they’ve been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. After panic buying left store […]