NEW YORK (AP) — The coronavirus pandemic took a toll on Comcast in the second quarter as movie theaters closed, theme parks shut down and advertisers cut back. The company reported Thursday that its NBCUniversal TV, film and theme park divisions, as well as its Sky unit in Europe, all suffered steep drops in revenue […]
Technology
WASHINGTON (AP) — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local): 6:30 p.m. Democratic chairman of a House antitrust panel says Facebook is making money off dangerous lies that could have deadly consequences. Rep. David Cicilline lodged the accusation at the tech company’s […]
The European Union Commission has announced it is considering creating a European innovation hub for internal security, according to the strategy for EU security published on July 24, 2020. The hub will be based at Europol aiming to develop technologies with both a security and an economic benefit. “The project is still in its inception […]
WASHINGTON (AP) — Four Big Tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple — are set to answer for their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The four command corporations with gold-plated brands, […]
Prysmian Group files legal proceedings for patents’ infringements against competitor. Prysmian Group, one of world’s leader in the energy and telecom cable systems industry, announced the filing of two legal proceedings against a competitor company in the field of telecom cables. As an industry leader committed to the supply and promotion of innovative products as […]
BEIJING (AP) — They have the largest economies in the world. They spend more than anyone else on their militaries. From high-tech chips to control of the high seas, their interests are closely intertwined. The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. In the latest […]
NEW YORK (AP) — SAP says it plans to spin off Qualtrics and take it public less than two years after acquiring the survey-software provider. SAP said Sunday it will retain majority ownership of Qualtrics’ shares. The German software giant announced in November 2018 that it agreed to pay $8 billion cash for Qualtrics, just […]
WASHINGTON (AP) — Four Big Tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Apple’s Tim Cook — will answer for their companies’ practices before Congress at a hearing Wednesday by the House Judiciary subcommittee on antitrust. The panel has conducted a bipartisan investigation over the past year of the tech […]
HONG KONG (AP) — Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at $150 billion after a 2018 private fundraising round, gave no indication how much money it hopes to […]
New technology investments are expected to enhance corporate performance and wellness as employees increasingly Work From Anywhere While 95% of business leaders are comfortable with employees working remote, 69% said they were not completely prepared to support extensive remote work at the start of the COVID-19 outbreak Businesses expect a nearly 50% increase in employees […]