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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