Technology

NEW YORK (Reuters) – Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The 11 lawsuits, filed on…

(Reuters) – Peloton Interactive Inc (PTON.O) said on Monday it would pause live production of its exercise videos at its New York and London studios through April 30 amid the outbreak of the coronavirus. Peloton, whose flagship product is a…

SAN FRANCISCO (Reuters) – Facebook Inc said on Monday it would start surveying some U.S. users about their health as part of a Carnegie Mellon University research project aimed at generating “heat maps” of self-reported coronavirus infections. The social media…

(Reuters) – International Business Machines Corp (IBM.N) on Monday named former Bank of America Corp (BAC.N) top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-time chief Ginni Rometty. Arvind, known by his…

HONG KONG (Reuters) – Sales at Taiwan’s Hon Hai Precision Industry, a key supplier of Apple Inc’s products known by its trade name Foxconn, were down by 7.7% in March. The world’s largest contract electronics maker reported revenues of T$347.7…

(Reuters) – Uber Technologies Inc (UBER.N) said on Monday its app will list job openings in the delivery, food production and grocery industry that its U.S. drivers can access during a slump in ride-hailing demand due to the coronavirus. Beginning…

DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised $20.6 million in fresh funding and secured commitments for a further $100 million, it said on Monday. Wafra International, an investment firm owned by the…

NEW YORK (Reuters) – Engineers at Tesla Inc (TSLA.O) showed a prototype for a ventilator on Sunday evening in a video published on the company’s YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages. The…

HONG KONG (Reuters) – Lockdowns and travel retrictions prompted by the new coronavirus have been a boon to JOOX, Chinese tech giant Tencent’s international music streaming platform, driving traffic to its karaoke services up by as much as 50%, an…

SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened…