Finnish telecom network equipment maker Nokia reported an unexpected rise in its second-quarter underlying profit on Friday, amid the COVID-19 pandemic as its new chief executive Pekka Lundmark takes over on Saturday.
Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok.
Amazon.com Inc said on Thursday it will invest more than US$10 billion to build a network of 3,236 satellites that will provide high-speed broadband internet services to people around the world who lack such access.
Warren Buffett's Berkshire Hathaway Inc said on Thursday it has bought another US$522 million of stock in Bank of America Corp , boosting its already large stake in the second-largest U.S. bank by assets.
Apple announced a stock split on Thursday and it may not bode well for future gains in the Dow Jones Industrial Average.
Twitter Inc, whose internal systems were breached about two weeks ago, said on Thursday the incident targeted a small number of employees through a phone "spear-phishing" attack.
Apple was the only major phone vendor to see growth in the second quarter as the global smartphone market shrank 14per cent year on year to 285 million units sold, with the coronavirus weighing on demand in major markets, research firm Canalys said.
TikTok, the popular short-form video app, has been sued by rival Triller, which accused it of infringing its patent for stitching together multiple music videos with a single audio track.
Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world's biggest economy and oil consumer.
Shares of Apple , Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing, as quarterly reports from the Big Tech quartet added fuel to Wall Street's four-month rally.
