Musk’s SpaceX and T-Mobile plan to connect mobile phones to satellites, boost cell coverage
U.S wireless carrier T-Mobile US Inc (TMUS.O) will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit.
India’s digital lending rules spark disruption, firms plan pushback
India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
FedEx missteps fuel contractor’s crusade as pandemic delivery boom fades
Package carrier FedEx Corp (FDX.N) is facing a threat from an unusual source – one of its biggest delivery contractors.
Exclusive: Biden’s emergency board calls for railroad wage hikes to resolve contract talks
U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate proposed on Tuesday annual wage increases of between 4% and 7% through 2024, according to a report seen by Reuters.
Trending now: Netflix’s forecast as competition heats up
Netflix Inc (NFLX.O) is expected to report its slowest quarterly revenue growth in nearly eight years on Tuesday, but the focus will be on its forecast in the run-up to new seasons of popular titles including “Stranger Things” and “Ozark”.
Darktrace shares fall after JPM starts coverage with ‘underweight’ rating
Rising costs are likely to dent cyber security firm Darktrace’s (DARK.L) profit growth, J.P.Morgan analysts said on Tuesday, as they started coverage of the stock with an “underweight” rating.
Apple becomes first company to hit $3 trillion market value, then slips
Jan 3 (Reuters) – Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day […]
California has reached an agreement with Amazon over worker safety
According to the state’s attorney general, Amazon has agreed to pay $500,000 and to be supervised by California officials to ensure that it properly tells its workers about new coronavirus infections. California accused Amazon of violating Assembly Bill 685, a state “right-to-know” law that goes into effect in September 2020. According to the law, employers […]
Who’s building the metaverse?
Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet.
The Facebook outage is dry run for worse web crashes
NEW YORK, Oct 4 (Reuters Breakingviews) – Mark Zuckerberg can’t catch a break lately. The Facebook (FB.O) boss wants to turn the two-dimensional internet into a metaverse where “instead of just viewing content, you are in it,” according to an interview with the Verge. But hot on the heels of an exposé of some uncomfortable internal documents provided by […]
