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Alibaba beats revenue forecast, shares slide amid regulatory challenges

China's Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma's business empire. ....

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Microsoft says Outlook issues resolved for North America users

Microsoft Corp said on Wednesday it had fixed an issue that had caused connectivity problems with its Outlook email app for users in North America. ....

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Atos partners with OVHcloud to offer European-made cloud services

IT consulting group Atos and OVHcloud are partnering to offer fully European-led cloud computing services, the two French groups said on Tuesday. ....

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Former Google executive to run Italy's TIM new cloud unit

By Reuters Staff
1 Min Read
FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo
MILAN (Reuters) - Former Google executive Carlo d’Asaro Biondo has been appointed as Chief executive officer of Telecom Italia’s (TIM) newly-created cloud unit Noovle, Italy’s biggest phone group said on Monday.
The creation of the new company is part of the former phone monopoly’s strategy to boost and diversify its revenues, providing services to businesses and state-controlled offices looking to improve their digital reach.
D’Asaro Biondo, who has been Google’s president for EMEA partnerships, joined the former phone monopoly last year after TIM struck a deal with the tech giant to expand its cloud business in the country. ....

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Breakingviews - Corona Capital: Satellites, Shoes

Breakingviews
6 Min Read
LONDON/NEW YORK/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau
LATEST
- Footwear winners and losers
REVERSE THRUST. Masayoshi Son’s vast investment universe is spreading to past flops. The SoftBank chief executive is pouring cash into OneWeb, the satellite startup which he pushed into bankruptcy last year after pulling the plug on a funding package. The British government and Indian telco Bharti Global subsequently bought it out of Chapter 11 for $1 billion. OneWeb now claims $1.4 billion of funding, including $50 million from America’s Hughes Network Systems, which implies SoftBank is putting in $350 million. ....

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