High-Speed Internet Lines to Surge in Europe as Virus Boosts Demand: Study | Technology News

MILAN (Reuters) – The number of high speed fibre optic broadband lines in Europe is expected to more than double over the next six years from last year’s levels as the COVID-19 pandemic accelerates demand for faster internet services, a study showed on Thursday.

High speed fibre will pass 202 million houses in the European Union and Britain by 2026, up from 88.1 million in 2019, according to a joint report by consultancy firm IDATE and industry group FTTH Council Europe.

Houses passed is an industry term meaning the potential number of premises a service provider could connect to high-speed fibre optic broadband.

Germany, Britain and Italy are among countries expected to experience significant growth in the number of homes passed in 2026 compared to 2019, with Germany expected to see 730% growth, Britain 548% and Italy 218%.

According to the forecasts, the number of subscribers in the EU and

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How Zoom Won 2020 by Meeting a Surge of Demand


7 min read

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December 2020

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It was a Monday morning in mid-March. Schools in California had just gone remote, and Eric Yuan’s daughter was settling in for the first day of her new routine. Then she turned to him and, like kids were doing with their parents everywhere, asked him for help using Zoom.

“She’d never asked me a question about Zoom!” says Yuan. Nor had he ever expected her to, even though he is the company’s founder and CEO. “When we created Zoom, the goal was to serve enterprise and business customers. I never thought about my kid having to use Zoom.”

That’s when Yuan knew his world was about to change. This tool he built, which was once reserved for corporate communications, was becoming a defining part of everyday life. His task was no

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Personal Messaging Software Aampe Raises $1.8 Mn From Sequoia Capital’s Surge

The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers

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Personal messaging software startup Aampe on Tuesday announced it has raised $1.8 million in seed round from Sequoia Capital’s Surge, a scale-up program for startups in southeast Asia and India. The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers.

The venture capital firm Sequoia Capital has recently announced the names of 17 startups including Aampe that will receive early-stage funding under its fourth cohort Sequoia Surge programme, Surge 4. The programme included startups across a wide range of sectors including edtech, fintech, SME tech, dev tools, consumer, healthtech and B2B marketplaces.

Founded by Paul Meinshausen, Sami Abboud and Schaun Wheeler in

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Meituan’s Sales Surge Alongside China’s Appetite for Takeout

(Bloomberg) — Meituan reported a 29% rise in quarterly revenue after China’s economic recovery boosted restaurants and whetted consumers’ appetite for takeout.



a man riding a motorcycle on a city street: A food delivery courier for Meituan Dianping travels along a road in Shanghai, China, on Sunday, Nov. 29, 2020. Meituan is scheduled to release third-quarter earnings results on Nov. 30.


© Bloomberg
A food delivery courier for Meituan Dianping travels along a road in Shanghai, China, on Sunday, Nov. 29, 2020. Meituan is scheduled to release third-quarter earnings results on Nov. 30.

The world’s largest meal delivery service posted sales of 35.4 billion yuan ($5.4 billion) during the July-September period, beating the average estimate of 34 billion yuan. It also logged net income of 6.3 billion yuan, versus a projected 435 million yuan. Profit was bolstered by 5.8 billion yuan in investment gains.

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The strong results affirm Meituan’s bounce-back from the pandemic disruptions of past quarters and could assuage investors worried about the impact of a Chinese antitrust crackdown on the internet sector. China’s third-largest tech corporation is now benefiting from rising travel and restaurant spending

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Elite runners brave Delhi race despite COVID-19 surge, pollution concerns



Muktar Edris et al. playing football in a parking lot: Airtel Delhi Half Marathon in New Delhi, India


© Reuters/ANUSHREE FADNAVIS
Airtel Delhi Half Marathon in New Delhi, India

By Anushree Fadnavis and Manoj Kumar

NEW DELHI (Reuters) – Some of the world’s leading long-distance runners participated in a half-marathon in New Delhi on Sunday, even as India’s capital grapples with a surge in COVID-19 cases and air pollution that has recently been among the world’s worst.



a group of people riding on the back of a motorcycle: Airtel Delhi Half Marathon in New Delhi, India


© Reuters/ANUSHREE FADNAVIS
Airtel Delhi Half Marathon in New Delhi, India

More than 60 professional runners participated in the race, while several hundred enthusiasts ran in other cities on routes of their choice, using a mobile app to post race timings, said the event organisers.

Although air quality was poor on Sunday, the runners got a bit of a reprieve, as pollution levels in the capital were dramatically better than those of recent weeks.

New Delhi’s Air Quality Index was at 252 on a scale of 500, registering at “poor” levels,

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Xiaomi Slides After Internet Services Slowdown Mars Sales Surge

(Bloomberg) — Xiaomi Corp. fell as much as 4.2% Wednesday after disclosing internet services revenue grew at its slowest pace in three years, prodding investors to cash in gains from the Chinese smartphone maker’s 2020 rally.

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China’s No. 2 smartphone maker reported overall revenue rose 34.5% to 72.2 billion yuan ($11 billion) in the September quarter, its fastest pace of growth in two years. It grabbed market share from Huawei Technologies Co. when American sanctions deepened particularly in overseas markets from Europe to India, which yielded more than half of its revenue for the first time. But internet services like music and video grew just 8.7%, down from the previous quarter’s 29% as the Covid-19 boom in Chinese online activity tapered off.

Several brokerages cut their price targets on Xiaomi, citing its 140% run-up since the start of 2020 and warning that investors may be underestimating Huawei’s ability

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Best Buy Q3 online sales surge, stock falls on lack of forecast

  • Best Buy posted $11.85 billion in third-quarter revenue on Tuesday, beating analyst expectations. 
  • Online orders continued to surge, making up more than a third of all sales, amid another rise in coronavirus cases. 
  • Despite the results, Best Buy’s stock sank as much as 5% after executives declined to give a forecast for the fourth quarter.
  • Visit Business Insider’s homepage for more stories.

Best Buy posted booming sales Tuesday, including online orders almost tripling, as demand for home electronics and entertainment products continues to soar during the pandemic. Yet anxiety about a fourth-quarter slowdown and lack of future guidance caused the retailer’s stock to fall more than 6%. 

The electronics retailer reported $11.85 billion in total revenue for the quarter to October 31 — up 21.4% on the same time last year, which the company noted was better that expected. Analysts had expected revenues of about $11.0 billion. 

The rising revenue

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Xiaomi’s profit jumps as smartphone shipments surge

SHENZHEN/SHANGHAI (Reuters) – Xiaomi Corp on Tuesday reported a 19% jump in third-quarter net profit, beating estimates, as the Chinese smartphone maker’s shipments over the quarter surged by 45.3% on a year earlier.

FILE PHOTO: People wearing protective face masks visit Xiaomi brand’s store, amid the outbreak of the coronavirus disease (COVID-19) in Kyiv, Ukraine October 22, 2020. REUTERS/Valentyn Ogirenko

Xiaomi has grabbed market share in China and Europe as its rival Huawei Technologies has faced U.S. sanctions that have hit its supply chain.

The company expects it will continue to gain market share after the latest round of U.S. sanctions against Huawei disrupted its supply chains in August..

Xiang Wang, Xiaomi’s president, when asked whether Huawei’s problems had helped Xiaomi, said that the company was “paying attention to what is happening into the market,” but was continuing with its own strategy.

Xiaomi’s smartphone revenue rose to 47.6 billion yuan,

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Nurses, doctors use social media to plead for public to take COVID-19 seriously as cases surge

As the number of COVID-19 cases continue to spike across the country and hospitals become full, nurses and doctors are taking to social media to beg the public to take COVID-19 seriously and follow safety guidelines.

“We are physically, emotionally and mentally exhausted,” Dr. Kate Grossman, a pulmonary and critical care physician in Columbia, Missouri, wrote in a message shared on Twitter.

“I have seen so many emergent intubations. I’ve seen people more sick than I’ve ever seen in my life,” Lacie Gooch, an intensive care unit nurse at Nebraska Medicine in Omaha, said in a video that Nebraska Medicine shared on Twitter this week.

Gooch, 25, is a cardiovascular ICU nurse who has been working shifts in her hospital’s COVID-19 ICU since April.

She described a sense of frustration and exasperation at the disconnect between what she and her colleagues are doing to save lives inside the hospital, and

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Doctors, Nurses Use Emotional Social Media Pleas to Warn Americans about Deadly COVID Surge

As current COVID-19 hospitalizations in the U.S. soar, several doctors and nurses have taken to social media in recent days to warn Americans about the deadly virus, which has killed more than 252,800 people, as of Friday, according to data compiled by Johns Hopkins University (JHU).



a group of people looking at a cell phone: Medical workers outside NYU Langone Health hospital as people applaud to show their gratitude to medical staff and essential workers during the pandemic on May 26 in New York City. Doctor and nurses have taken to social media in recent days with emotional pleas warning Americans about the deadly virus.


© Getty Images
Medical workers outside NYU Langone Health hospital as people applaud to show their gratitude to medical staff and essential workers during the pandemic on May 26 in New York City. Doctor and nurses have taken to social media in recent days with emotional pleas warning Americans about the deadly virus.

Several have shared emotional pleas and personal accounts of their day-to-day experiences at the frontlines of the outbreak.

On Wednesday, Twitter user @darakass, a Yahoo News medical contributor, tweeted: “The situation is dire. Hospitals are getting over run. Healthcare workers are exhausted. People are getting sicker and dying. It won’t change

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