Brazilian digital wallet PicPay hit 20 million clients in early May, reaching a goal previously expected for December as social isolation measures to combat the coronavirus accelerates the search for digital financial services, an executive said on Tuesday.
U.S. President Donald Trump on Tuesday urged that Tesla Inc be allowed to reopen its electric vehicle assembly plant in California, joining the carmaker’s CEO Elon Musk's bid to defy county officials that have ordered it to remain closed.
Finnish telecom equipment maker Nokia said on Tuesday it would collaborate with Microsoft in the open source network operating system SONiC, which is used in the data centres of some of the largest cloud-service providers.
Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.
TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it planned to raise 400 million crowns ($58 million) via a rights issue, equivalent to half its market value, to survive the coronavirus crisis that has knocked its already weak shares.
TV and stereo maker Bang & Olufsen on Tuesday said it will ask shareholders at an extraordinary general meeting to approve a 400 million crown ($57.99 million) rights issue to help the struggling company through the coronavirus crisis.
China's Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company's social entertainment services business, sending its shares down 4.5% in extended trade overnight.
Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday, as more people used its products while working from home due to the coronavirus crisis.
California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.
The European Central Bank currently sees no "business case" for launching its own digital currency but is looking at how one would work should that change, ECB board member Yves Mersch said on Monday.