Technology

LONDON (Reuters) – Bitcoin surged by more than a fifth on Friday amid high volatility across rebounding global markets, reversing some of its heavy losses from a day earlier but still leaving the cryptocurrency down nearly 30% since the start…

BEIJING/HONG KONG (Reuters) – The founder of China’s ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming…

TOKYO (Reuters) – SoftBank Group Corp (9984.T) is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the…

(Reuters) – Just Eat Takeaway (JET), Europe’s largest online food ordering and delivery company, said on Friday its Takeaway subsidiary would begin dropping orders at the door as a precautionary measure in light of the global coronavirus outbreak. The move…

(Reuters) – The U.S. Department of Defense (DoD) is seeking court permission to reconsider certain aspects of its decision to award a $10 billion cloud computing contract to Microsoft Corp, court filings showed on Thursday. A U.S. judge last month…

(Reuters) – Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have “minimal impact” on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware. “We expect…

(Reuters) – Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to demand and supply disruptions caused by the coronavirus outbreak.

TOKYO (Reuters) – SoftBank Group Corp said on Friday it will buy back up to 7% of its own shares for as much as 500 billion yen ($4.8 billion) – a decision that comes after activist investor Elliott Management pressed…