Trends - Technology - Business Recorder

Business & Finance

Tesla posts profit

NEW YORK: Tesla Inc on Wednesday posted a second-quarter profit as cost cuts and strong deliveries helped offset...

Published 24 Jul, 2020 02:59am

Markets

Moderna loses challenge to Arbutus patent on vaccine technology

An administrative court run by the US Patent and Trademark Office rejected arguments by Moderna.
The '069 patent relates to lipid nanoparticle (LNP) technology that allows the human body to make its own therapeutic proteins or vaccines.

Published 24 Jul, 2020 01:36am

World

Seven Democratic senators urge caution on Google's purchase of Fitbit

Adding Fitbit's consumer data to Google's could further diminish the ability of companies to compete with Google in ... ad technology markets.
Fitbit's fitness trackers and other devices monitor users' daily steps, calories burned and distance traveled.

Published 24 Jul, 2020 01:33am

Technology

Intel says new chip technology is six months behind, shares drop 6pc

The company expects third-quarter revenue of about $18.2 billion.
compared with analysts' average estimate of $17.9 billion, according to IBES data from Refinitiv.

Published 24 Jul, 2020 01:26am

Markets

VW sees Amazon-built 'industrial cloud' as future B2B marketplace

VW has opened the portal to the first group of supplier partners, led by Siemens AG.

Published 23 Jul, 2020 04:18pm

Business & Finance

Tesla chooses Texas for new Cybertruck factory

The 2,000-acre site on the Colorado River is about 13 minutes from downtown Austin, Musk said during Tesla’s second-quarter earnings call.

Published 23 Jul, 2020 10:42am

Business & Finance

Microsoft sees growth amid pandemic computing demands

Microsoft shares dipped some 2.5 percent in after-hours trade on the results, which were largely ahead of forecasts.

Published 23 Jul, 2020 04:44am

Technology

Slack files EU antitrust complaint against Microsoft

SAN FRANCISCO: The workplace messaging platform Slack said Wednesday it has filed an antitrust complaint with the...

Published 23 Jul, 2020 02:47am

Markets

How Tesla defined a new era for the global auto industry

ARTICLE: Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for...

Published 23 Jul, 2020 02:47am

Markets

Wednesday's early trade: S&P rises; Tesla, Microsoft shine ahead of results

NEW YORK: The S&P 500 ticked higher in a choppy session on Wednesday as a boost from Microsoft and optimism ...

Published 23 Jul, 2020 02:47am

Technology

Microsoft may face EU antitrust probe after Slack complaint on tying practice

What we asking for is Teams be separated from the Office Suite and sold separately with a fair commercial price tag, so it competes on the merits with our products.
Microsoft said it look forward to providing information to EU competition enforcers.

Published 22 Jul, 2020 11:28pm

Business & Finance

Tesla extends rally as traders bet on potential S&P 500 entry

Investors watching the company's quarterly report after the bell will be laser-focused on one question: Was Tesla profitable?

Published 22 Jul, 2020 09:02pm

Pakistan

Ban on Apps to destroy technology industry; hamper progress: Chaudhry Fawad

The federal minister said the courts and Pakistan Telecommunication Authority (PTA) must stay away from moral policing and ban approach.

Published 22 Jul, 2020 06:51pm

Business & Finance

Amazon's Jeff Bezos amass record $13bn in a single day

Amazon founder Jeff Bezos has seen his net worth increase by $74 billion to $189.3 billion this year.

Published 22 Jul, 2020 12:20pm

Markets

How Tesla defined a new era for the global auto industry

Daimler, which bears the name of the man who invented the modern car 134 years ago, bought a nearly 10% Tesla stake in May 2009 in a deal which provided a $50 million lifeline for the struggling start-up.

Published 22 Jul, 2020 10:53am

Technology

Tesla hiring servicing staff in 'unsupportive' Singapore

Listings for five jobs in Singapore on networking website LinkedIn are mainly in servicing and repair, such as a service technician and parts adviser.

Published 22 Jul, 2020 10:50am

Business & Finance

Tesla's Musk qualifies for $2.1bn payday

Tesla's stock was down 3% in afternoon trading, eroding a recent rally that has elevated the company's market capitalization to almost $300 billion.
In early May, Musk's first tranche vested after Tesla's six-month average stock market value reached $100 billion.

Published 22 Jul, 2020 12:32am

Business & Finance

Pakistani rival of Google Maps plans IPO

TPL Trakker Ltd has been one of the industry leaders in the GPS tracker industry in Pakistan. They’re in the...

Updated 21 Jul, 2020 10:54pm

Business & Finance

Tesla share rally propels some early fan investors to riches

To me it didn't feel like a bet because I studied what Tesla does very closely and it's simply inevitable that it would dominate.
Tesla shares are among the most popular on US retail investor platforms, such as Robinhood Markets Inc and TD Ameritrade.

Published 21 Jul, 2020 01:11am

Business & Finance

Ford to work with Intel's Mobileye for better collision avoidance technology

Ford will include Mobileye's logo in driver-assist communication displays and is also considering using its Roadbook map system, which uses anonymized, crowd-sourced data from vehicle cameras.

Published 20 Jul, 2020 03:10pm

Technology

Fawad calls to unban PUBG, says such attitude is ‘killing tech industry’

The federal minister urged the IT minister Syed Amin ul Haque to take note of this ban, adding that the Pakistan Telecommunication Authority (PTA) will be instructed not to encourage such bans

Published 20 Jul, 2020 01:37pm

Opinion

Brazil's Bolsonaro under pressure to protect Amazon

ARTICLE: Faced with investors demanding "results" in the fight against Amazon deforestation, Brazil's government...

Published 19 Jul, 2020 02:41am

Opinion

India's richest man takes on Amazon, Walmart in e-commerce gamble

ARTICLE: Backed by multi-billion-dollar investments from global tech giants, India's richest man is ready to rumble...

Published 18 Jul, 2020 02:47am

Business & Finance

Microsoft trims jobs as it enters new fiscal year

Business Insider had earlier reported that the company cut under 1,000 jobs across its business this week.

Published 17 Jul, 2020 10:06am

Business & Finance

Amazon India demands product listings have country of origin by Aug 10

The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation.
Failure to provide information in the "country of origin" attribute by August 10, 2020 may lead to enforcement action, including suppression of your listing.

Published 16 Jul, 2020 04:59pm

Technology

Blow for EU as Apple wins fight against $15 billion tax order

LUXEMBOURG/DUBLIN (Reuters) - Apple scored a major win on Wednesday as Europe’s second-highest court rejected an ...

Published 16 Jul, 2020 05:08am

Technology

Google to buy $4.5 bn stake in digital unit of India's Reliance

MUMBAI: Google will buy a $4.5 billion stake in Reliance's digital unit and jointly develop an entry-level ...

Updated 16 Jul, 2020 03:18am

Pakistan

Punjab government to shift brick kilns to zigzag technology

LAHORE: The Punjab government has decided to transfer brick kilns to zigzag technology and provision of loans in the...

Updated 16 Jul, 2020 03:14am

Technology

Pompeo says US to have decisions soon on Chinese technology firms, apps

When asked about his recent remarks on the United States looking at banning Chinese social media app Tiktok, Pompeo said: "Whether it is Tiktok or any of the other Chinese communications platforms,
this administration is taking seriously the requirement to protect the American people from having their information end up in the hands of the Chinese Communist Party.

Published 15 Jul, 2020 08:51pm

Technology

EU regulators seek feedback on Google's Fitbit data pledge

Alphabet's Google made the pledge to the European Commission late on Monday to try address concerns that its $2.1 billion takeover of Fitbit might boost its clout in online advertising and search.
This data will not be transferred to a Google account nor be available to Google ads, while Fitbit will be the sole legal data controller.

Published 15 Jul, 2020 08:23pm