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Ending tough week, Tesla shares sink to lowest in two years

Tesla Inc’s stock price slumped 5% on Friday to its lowest in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors. Press Release Distribution Service

Slack is loss-making but revenue continues to grow, filing shows

The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut. Press Release Distribution Service

Amazon raises stakes for rivals with one-day delivery goal after profit surge

Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc. Press Release Distribution Service

China’s rocket start-ups go small in age of ‘shoebox’ satellites

During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case. Press Release Distribution Service

Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks: research

The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups. Press Release Distribution Service

Italian PM assures Huawei it won’t face discrimination

Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network. Press Release Distribution Service

Chernobyl comes back to life in Ukrainian computer game

A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October. Press Release Distribution Service

Wirecard chairman will not stand for second term: Handelsblatt

Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry. Press Release Distribution Service

Britain must get to bottom of Huawei leak: UK finance minister

Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday. Press Release Distribution Service

Sony flags disappointing profit, scraps targets as gaming slows

Sony Corp warned of a sharper-than-expected drop in its annual profit and scrapped some longer-term targets, in a sign a slowdown in its gaming business as its PlayStation 4 console nears the end of its life was beginning to hurt. Press Release Distribution Service

Dutch telecom KPN won’t use Huawei for ‘core’ 5G network

Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China’s Huawei for such work. Press Release Distribution Service

Chinese brands rule Indian smartphone market with 2/3rds of share: report

Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo. Press Release Distribution Service

Taylor Swift releases upbeat new single and video ‘ME!’

Grammy-winning singer Taylor Swift on Friday released a cheerful pop duet called “ME!” along with a colorful video filled with pastel-drenched images of butterflies, rainbows and a young couple in love. Press Release Distribution Service

Brazil states forge ahead in climate change fight despite Bolsonaro ambivalence

State governments in Brazil have agreed to work toward fulfilling the country’s Paris Agreement climate change commitments, despite far-right President Jair Bolsonaro’s ambivalence over the pact. Press Release Distribution Service

The Cranberries pay tribute to late singer with final album

Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year. Press Release Distribution Service

K-pop star held on drug charges in latest scandal

K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business. Press Release Distribution Service

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