Amazon says it will invest $10 billion for its planned space-based internet delivery system after winning US regulatory approval to deploy more than 3,000 low-orbit satellites. The US tech giant said on Thursday it is moving forward with its Project Kuiper, one of several systems planned to bring internet to customers without land-based connections. Project […]

Amazon.com on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175 000 […]

The hackers who accessed dozens of high-profile Twitter accounts in mid-July gained access to the system with an attack that tricked a handful of employees into giving up their credentials, according to a company update. Twitter said in a security update late Thursday that the July 15 incident by bitcoin scammers stemmed from a “spear […]

Finnish telecommunications equipment provider Nokia said Friday it had returned to profit in the second quarter and hiked its 2020 forecasts, despite a drop in sales due to the coronavirus pandemic. Net profit came in at 94 million euros ($112 million) compared to a loss of 193 million euros during April-June last year. The result […]

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the world’s biggest smartphone and memory chip maker, it said net profits rose 7.3 per cent to 5.56 trillion won ($4.66 […]