India’s Infosys suspends FY revenue forecast on coronavirus blow
India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus...
Rift opens over European coronavirus contact tracing apps
A rift has opened up over the design of smartphone apps to trace people in Europe at risk of coronavirus infection, potentially hindering efforts to...
India’s Infosys suspends FY revenue forecast on coronavirus crisis
India’s software services bellwether Infosys Ltd on Monday suspended revenue and margin forecasts for the financial year 2021, blaming uncertainties stemming from the coronavirus outbreak....
Israel’s S Capital raises second investment fund of $120 million
S Capital, an Israel-based venture capital investment firm, said on Monday it closed a second direct investment fund of $120 million that will focus on...
Polish games operator’s IPO a success as stay-at home lockdown boosts outlook
Shares in Polish gaming company Games Operators rose further on Monday, after doubling on their debut late last week as investors bet on increased interest...
Facebook, three Indonesian firms in early talks for mobile payment approval-regulator
Three Indonesian digital fintech firms are working with Facebook Inc to apply for regulatory approval to launch mobile payments in the country, an official at...
Alibaba to invest $28 billion in cloud services after coronavirus boosted demand
Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years – a plan that follows...
Australia to force Google, Facebook to pay domestic media to use content
Australia will force Facebook Inc and Alphabet Inc’s Google to share advertising revenue with local media firms, the country’s treasurer said on Monday, becoming one...
Alibaba says to invest $28 billion in cloud computing services
China’s Alibaba Group Holding Ltd will invest 200 billion yuan ($28.27 billion) in cloud infrastructure over a three year period, the e-commerce company said on...
Cognizant hit by ‘Maze’ ransomware attack
Cognizant Technology Solutions Corp on Saturday said it was hit by “Maze” ransomware, resulting in service disruptions for some of its clients....
