Supantha Mukherjee

IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales of mobile phones and personal computers.

Finnish telecom equipment maker Nokia reported on Thursday quarterly operating profit ahead of market expectations, boosted by strong demand for 5G gear, and sees signs of a global chip shortage easing.

Finnish telecom equipment maker Nokia said it expects the global semiconductor shortage to ease later this year, as it reported quarterly operating profit that beat market expectations, boosted by solid demand for 5G gear.

SAP reported second-quarter revenue growth of 13% on Thursday, beating estimates on a boost from its cloud business, although the German business software group trimmed its profit outlook for the year due to the war in Ukraine.

SAP shares fell 4% on Thursday after the Gerban business software maker trimmed its profit outlook for the year citing charges related to the war in Ukraine.

Ericsson, the Swedish telecoms equipment firm facing bribery investigations, reported a rise in second-quarter core earnings on Thursday that missed expectations as margins were hit by higher component and logistics costs.

IT and consulting services provider DXC has signed a deal with Manchester United to become the Premier League club's sleeve sponsor, manage its digital presence and use data analytics to deliver a more personalized experience for fans.

Gartner forecast global mobile phone sales to fall 7.1% this year on Thursday, revising its earlier estimate of a growth of 2.2%, citing inflation, Russia's invasion of Ukraine and lockdowns in China.

Sweden's H&M, the world's second-biggest fashion retailer, on Wednesday reported a 33% growth in quarterly profit which beat expectations, as shoppers flocked to its stores in the aftermath of the pandemic.

H&M, the world's second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday as shoppers flocked to its stores in the aftermath of the pandemic.

Budget fashion group H&M expects to raise prices further this year, it said on Wednesday after reporting forecast-beating profits with margins benefiting from fewer discounts.

The European Union risks falling behind its Digital Decade goals by 10 years unless the governments focus on bridging the skills gap, according to a report by strategic consultancy Public First.

Shares of Ericsson fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S.

Ericsson said on Thursday that the U.S. securities regulator has opened an investigation concerning the matters described in the company's 2019 Iraq investigation report.

International Business Machines Corp is winding down its business in Russia and has started to lay off its employees in the country, according to a memo to staff sent last week and emailed to Reuters on Tuesday.

Samsung has signed a multi-year deal to sell equipment to Dish for its upcoming 5G network in the United States, one of the largest radio deals for the South Korean company since its major Verizon contract in 2020.

German business software group SAP on Friday flagged a 300 million euro ($325.3 million) hit to sales from its planned exit from Russia, after strength in its cloud business helped it beat first-quarter revenue estimates.

German business software group SAP on Friday reported first-quarter revenue growth of 11%, beating estimates on a boost from its cloud business, but flagged a revenue hit of 300 million euros ($325.26 million) because of its exit from Russia.

Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S.

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said on Monday it was indefinitely suspending its business in the country.

Ericsson Chief Executive Borje Ekholm said on Tuesday he had told staff in 2019 to disclose to the U.S.

Shares of Ericsson fell more than 12% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments and misconduct in Iraq.

SONY-GROUP-AI:Sony's new AI beats humans in Gran Turismo racing game

Shares of Amazon.com Inc. dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.

Tesla Inc.’s board named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.

Musk, who is still looking for funding for the plan, also said law firms Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson would be legal advisers on the plan.