Uber Technologies has instituted a hiring freeze for employees working on software and services across the US and Canada, as the ride-hailing company faces mounting losses.
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Huawei Technologies took the wraps off its HarmonyOS operating system Friday, offering the first glimpses of in-house software that may someday replace Google’s Android and reduce its reliance on American technology.
The ride-hailing company reported second quarter adjusted sales that fell short of estimates and posted a net loss of $5.24-billion, by far the largest ever for the business.
Huawei Technologies on Friday offered the first glimpse of an in-house software that may someday replace Google’s Android, an important step toward reducing its reliance on American technology.
Broadcom has agreed to buy Symantec’s division that serves business customers for $10.7-billion in cash, adding software designed to keep hackers out of corporate systems.
Cell C said late on Thursday that it is up to date with all payments to MTN South Africa for its national roaming agreement.
Cell C has missed several payments to national roaming partner MTN South Africa, underscoring the dire financial straits in which the country’s third-largest mobile operator finds itself.
MTN Group’s first-half earnings rose as Africa’s largest wireless carrier pushed ahead with an asset disposal plan and saw strong profit growth in its biggest market of Nigeria.
Samsung Electronics has taken the wraps off the Galaxy Note10, the latest generation of a marquee stylus-equipped device the company hopes will arrest a slide in profitability and ward off Apple and Huawei.
Even by the standards of Uber Technologies, $5-billion is a lot to lose in three months of doing business. Yet, that’s the amount analysts expect to see for the second quarter.