Business

Ericsson posts $1bn quarterly loss on Vonage write down

Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.

Business

Microsoft, Amazon to invest billions in French tech

Microsoft on Sunday announced four billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.

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