TECHNOLOGY

Verizon Communications Inc and Snap Inc will partner to develop 5G augmented reality features at the wireless carrier's labs, the companies said on Thursday.

Tesla Inc Chief Executive Elon Musk has talked for years about building an electric pickup truck that would threaten the heart of the Detroit automakers' profits, and on Thursday he will finally take the wraps off the so-called cyberpunk truck.

U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States.

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.

Chinese food delivery giant Meituan Dianping beat market expectations with a 44% jump in third-quarter revenue and a second straight quarterly profit, as it increased its dominance in the business.

German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP.

Russia's largest online taxi service Yandex.Taxi has hired Morgan Stanley, Goldman Sachs and VTB Capital as the first three banks to prepare for an initial public offering (IPO), three banking sources told Reuters on Thursday.

The Brazilian subsidiary of Mexico's America Movil SAB de CV will invest $7.8 billion over the next three years, Carlos Slim Domit, son of billionaire Mexican businessman Carlos Slim, said in a meeting on Wednesday with Brazilian President Jair Bolsonaro, according to the Folha de S. Paulo newspaper.