Netflix posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television.
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The US justice department and 11 states filed an antitrust lawsuit against Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals.
Swedish regulators on Tuesday banned the use of telecommunications equipment from China’s Huawei and ZTE in its 5G networks ahead of the spectrum auction scheduled for next month.
Intel has agreed to sell its NAND memory chip business to SK Hynix for US$9-billion in an all-cash deal that would propel the South Korean chip maker to second in the global rankings.
Logitech on Tuesday reported a surge in second quarter revenue and net profit as the computer peripherals maker benefited from a shift to working from home during the Covid-19 pandemic.
Japan will join forces with the US and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday.
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.
China’s economic recovery from the depths plunged during the Covid-19 pandemic has continued, providing support for a world economy suffering its deepest recession since the Great Depression.
British Airways has been fined £20-million by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400 000 customers.
Ant Group plans to increase the valuation target for its initial public offering to at least $280-billion due to strong demand. That would make it worth more than three times US banking giant Citibank.