China’s Shenzhen to reopen, still trying to contain virus

BEIJING (AP) — Companies in Shenzhen, a major Chinese business center, will be allowed to reopen while efforts to contain coronavirus outbreaks progress, the government said Thursday, following a citywide shutdown that rattled financial markets. Testing of everyone in the city of 17.5 million people is “progressing smoothly,” said a deputy mayor, Huang Qiang, at…

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Microsoft Faces EU Antitrust Complaint About Its Cloud Computing Business

Microsoft Faces EU Antitrust Complaint About Its Cloud Computing Business

PARIS (Reuters) – U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday. The complaint, filed with the European Union’s competition watchdog months ago, alleges that Microsoft’s contractual and business practices make it costly and difficult for users of…

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Accenture Forecasts Third-quarter Revenue Above Estimates

Accenture Forecasts Third-quarter Revenue Above Estimates

(Reuters) – IT consulting firm Accenture Plc on Thursday forecast third-quarter revenue above Wall Street’s estimates, thanks to growing demand for its cloud and security-related services as more businesses shift to a hybrid work model. The company expects current-quarter revenue between $15.70 billion and $16.15 billion, compared with analysts’ average estimate of $15.11 billion, according…

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