Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies

U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market.

from Reuters: Technology News https://ift.tt/3aUyIn2

Apple, Huawei boost market share, as first-quarter China smartphone shipments fall: Canalys

Apple Inc and Huawei Technologies [HWT.UL] each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday.

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Critical Bugs Found in 3 Popular e-Learning Plugins for WordPress Sites

Security researchers are sounding the alarm over newly discovered vulnerabilities in some popular online learning management system (LMS) plugins that various organizations and universities use to offer online training courses through their WordPress-based websites. According to the Check Point Research Team, the three WordPress plugins in question — LearnPress, LearnDash, and LifterLMS —

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France's contact-tracing app should be ready by end of May: Orange

Orange is in intense discussions with Apple over developing France's smartphone app for tracing people who are at risk of coronavirus infection, CEO Stephane Richard said on Thursday.

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Facebook could address some U.S. antitrust concerns with new photo transfer tool

Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time - a step that could assuage antitrust concerns by giving users an option to easily leave the company's services, the social media network said on Thursday.

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Nokia makes small profit in face of supply disruption

Nokia Oyj eked out a small profit in the first quarter, backed by demand for its new high-margin 5G telecoms equipment, and predicted a strong second half of the year, sending its shares higher.

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Global smartphone output to plunge by record 16.5% in June quarter: TrendForce

Global smartphone production is expected to slump a record 16.5% to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said https://ift.tt/2zH3PFP, despite supply chains resuming after weeks of shutdown.

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China opposes U.S. abusing export control measures

China is strongly opposed to the United States abusing export control measures, which would hurt the interests of U.S. firms more, the Chinese commerce ministry said on Thursday.

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Nokia says won share of China Unicom 5G core network order

Nokia has won a share of China Unicom's 5G core network order alongside with Huawei and ZTE, Nokia's Chief Executive Rajeev Suri told Reuters in an interview, citing information published by the telecom operator.

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Proximus gets temporary 5G licence, posts net income beat

Belgian telephone, internet and television service provider Proximus reported higher than expected first-quarter net profit on Thursday, and said market regulator BIPT has granted it and four other companies temporary 5G licences.

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Orange's French business picks up despite virus outbreak

A turnaround in France helped Orange post growing first quarter revenues, though store closures in Europe during the coronavirus outbreak dented equipment sales and hindered efforts to roll out new fibre optic broadband connections.

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Exclusive: Finance, tech firms on hiring spree amid coronavirus turmoil - LinkedIn

The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.

from Reuters: Technology News https://ift.tt/3d0ah9f

SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.

from Reuters: Technology News https://ift.tt/3bQdyIb

Nokia makes small profit despite supply disruption

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China.

from Reuters: Technology News https://ift.tt/2W7o8ns