(Reuters) - International Business Machines Corp <IBM.N> announced on Monday a new processor chip for data centers that it says will be able to handle three times the workload of its predecessor. The IBM-designed Power10 chip will be manufactured by Samsung Electronics Co Ltd <005930.KS> and is meant for use by businesses inside data centers, IBM said. The chip will … [Read more...] about IBM rolls out newest processor chip, taps Samsung for manufacturing
China’s JD.com reports quarterly revenue above estimates
(Reuters) - China's JD.com Inc <JD.O> beat analysts' estimates for quarterly revenue on Monday, as more customers used its online platform to shop for groceries and other essentials in the face of the COVID-19 pandemic. U.S.-listed shares of the company rose more than 2% in trading before the bell. The results come amid growing tensions between Beijing and Washington, … [Read more...] about China’s JD.com reports quarterly revenue above estimates
Huawei CFO to push for release of classified documents in Canada court
By Moira Warburton (Reuters) - Huawei Technologies Chief Financial Officer Meng Wanzhou and her lawyers are set to attend hearings in a Canadian courtroom via telephone on Monday, arguing for the Canadian attorney general to release more confidential documents relating to her arrest. Meng, 48, was arrested in December 2018 at Vancouver International Airport on a U.S. warrant … [Read more...] about Huawei CFO to push for release of classified documents in Canada court
China’s Geely Automobile trims full-year sales outlook after profit plunge
By Yilei Sun and Brenda Goh SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world's biggest auto market. The results come as China's overall auto sales slowly recovers from a virus-blighted start to the year. … [Read more...] about China’s Geely Automobile trims full-year sales outlook after profit plunge
Google goes public with rebuke on Australia antitrust law
By Renju Jose SYDNEY (Reuters) - Internet giant Google <GOOGL.O> on Monday criticised proposed Australian antitrust laws, saying its free search service would be "at risk" and users' personal data could be shared if it is made to pay news organisations for their content. The Alphabet-owned company said the proposed laws would also help big media companies artificially … [Read more...] about Google goes public with rebuke on Australia antitrust law
