In what is being described as its boldest step for expansion outside of its home country, U.S.-based electronic cigarette company Juul Labs Inc hopes to enter the Indian market by the end of 2019, reported Reuters. The company has already started recruitment in India for that purposes with the hiring of Uber India executive Rachit…
Strong growth in the United States, Brazil and Spain helped Banco Santander post an 18 per cent increase in net income for the entire of 2018. According to the annual results as published by the bank, it reported a net income of 7.81 billion euros or $8.93 billion in 2018 while the number in 2017…
France’s 5G auction, which will in most probability exclude bids from China’s Huawei Technologies, will set the groundwork for next generation industries, including IoT. On Thursday, French news agency Le Figaro reported Junior Minister Agnes Pannier-Runacher as stating, France will commence the auction of 5G telecoms frequencies this autumn, with licenses expected to be given…
Germany’s second biggest software firm, Software AG, aims to capitalise on its core strengths and expand into the upcoming IoT market. On Thursday, Germany’s No.2 business software firm, Software AG, reported ot would be investing $23 to $34.5 million (20 million to 30 million euros) in 2019 in growth projects, with CEO Sanjay Brahmawar seeking…
This will be the first meeting the two and is likely to be significant. As per a report from NHK, Nissan Motor Co Ltd’s CEO Hiroto Saikawa is aiming to hold his first face-to-face discussion with Renault SA’s new Chairman Jean-Dominique Senard on Thursday. The meeting will be held on the sidelines of an alliance…
Huawei faces gale force headwinds with intelligence agencies linking its telecom devices as potential Trojan Horses which can be tapped by Chinese intelligence. According to information available in court filings, two units of Huawei Technologies Co Ltd are set to be arraigned on February 28 in Seattle on a 10-count indictment on charges of conspiring…
LG Display’s operating profits have left the forecast of 10 analysts in the dust. For its fourth quarter, Oct-Dec, the Apple supplier reported 279 billion won against its previous year of 44 billion won and against analysts’ forecast of 132 billion won. On Wednesday, LG Display Co Ltd reported a rise of more than six-fold…
Industrial equipment giant Caterpillar is being hit by a slowdown which is impacting the confidence of investors. The fourth-quarter earnings of Caterpillar missed out on the estimates of Wall Street. There was a drop of 4 per cent in sale in its Asia/Pacific business compared to a year ago primarily because of “lower demand in…
The hit of the trade war is forcing Taiwan’s Advantech, the largest maker of industrial computers in the world, to plan boosting its US production. This would allow the company to avoid the 40 per cent tariffs imposed on the its goods by the United States if it were able to assemble more of its…
Telecom operators are designing 5G systems based on either Ericsson’s technology or that of Nokia Oyj. On Tuesday, Australia’s nascent network TPG Telecom Ltd stated, it would abandoned building its mobile telephone network which relied heavily on Huawei Technologies Co Ltd for equipment since the Australian government has banned Huawei on security grounds. Across the…
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