Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Analysis: Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
By Yingzhi Yang, Cheng Leng and Julie Zhu BEIJING/HONG KONG (Reuters) - China's Ant Group , about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - ...
Nov 02, 2020
PayPal quarterly profit more than doubles
(Reuters) - E-commerce payments processor PayPal Holdings Inc reported a 121% jump in third-quarter profit on Monday, driven by a surge in online spending from consumers staying at home due to the COV...
Nov 02, 2020
Walmart drops plans to use robots for tracking inventory
(Reuters) - Walmart Inc said on Monday it has dropped its plans to use roving robots to scan shelves and keep track of inventory, squashing the world's largest retailer's years-long efforts to automat...
Nov 02, 2020
Apple to hold Nov. 10 event, analysts expect new Mac computers
By Stephen Nellis (Reuters) - Apple Inc on Monday announced a special event for Nov. 10 but gave no further details aside from a tag line of "one more thing." Apple last month announced a range of new...
Nov 02, 2020
TikTok signs deal with Sony Music to expand music library
(Reuters) - Short video-sharing app TikTok said on Monday it had signed a deal with Sony Music Entertainment that will give all its users access to Sony's portfolio of music including global artists s...
Nov 02, 2020
Setback for Nokia in German patent battle with Lenovo
BERLIN (Reuters) - A German appeals court on Monday lifted the enforcement of an injunction won by Nokia Oyj in a patent dispute with Lenovo Group Ltd to block the world's largest PC maker from sellin...
Nov 02, 2020
China’s tech independence, emissions drive could cut growth to 3% – S&P Global
LONDON (Reuters) - China's push to achieve technological self-reliance and become carbon neutral could see its economic growth halve to an average of 3% over the next decade, credit rating agency S&P ...
Nov 02, 2020
China expects sales of NEVs to make up 20% of total new sales by 2025
SHANGHAI (Reuters) - Sales of new energy vehicles (NEV) in China, the world's biggest auto market, will jump to 20% of overall new car sales by 2025 from just 5% now, the State Council said on Monday....
Nov 02, 2020
Alibaba-backed autonomous car firm AutoX to test in four more cities
By Yilei Sun and Brenda Goh SHENZHEN/SHANGHAI (Reuters) - Chinese autonomous vehicle startup AutoX, backed by Alibaba Group Holding Ltd, said it is preparing for tests in four more cities and will soo...
Nov 02, 2020
Explainer: How mom-and-pop investors stumped up a record $3 trillion for Ant shares
By Samuel Shen, Scott Murdoch and Julie Zhu HONG KONG (Reuters) - Retail investors bid for a record $3 trillion worth of shares in Ant Group Co Ltd's dual listing, in an unprecedented show of interest...
Nov 02, 2020
