Taiwan's Foxconn posted an almost 90% drop in first-quarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.
Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.
Taiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a "strong partnership" with the U.S. government.
The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and free cash flow increased 60% sequentially, but the money-losing shared office operator did not mention profitability in an email to employees that was reviewed by Reuters.
Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.
Fortnite-creator Epic Games' digital videogame store was down on Thursday as it recorded huge traffic after reports that it was giving the premium edition of "Grand Theft Auto V" for free.
The United States on Thursday condemned attempts by China-linked "cyber actors and non-traditional collectors affiliated" to steal U.S. intellectual property and data related to coronavirus research, U.S. Secretary of State Mike Pompeo said.
France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance minister said on Thursday, adding such a tax had never been more legitimate or more necessary.
Semiconductor firm Nvidia Corp on Thursday announced a new chip that can be digitally split up to run several different programs on one physical chip, a first for the company that matches a key capability on many of Intel Corp's chips.
COVID-19 contact-tracing apps must only be used during the pandemic and will need to be automatically de-activated once the crisis is over, EU justice commissioner Didier Reynders said on Thursday in a bid to allay concerns over state surveillance.