On Thursday, Finnish telecom equipment giant Nokia said, it sees its comparable operating margin growing to 10-13% in 2023. Nokia made the statement ahead of presentations to investors later in the day that it expected to grow faster than the market in 2023.
In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
In a significant development, SoftBank Corp-owned Japanese messaging app Line allowed Chinese engineers at a Shanghai affiliate to access data on Japanese users without gaining their consent, reported Japanese media on Wednesday. “There hasn’t been anything that breached legal or regulatory boundaries,” said Line’s spokesman. “We always put ourselves to a standard were we want…
On Tuesday, in a statement NTT Finance said, it aims to establish an investment vehicle which will invest in Israeli tech startups from venture firm OurCrowd’s portfolio. NTT Finance is a subsidiary of NTT Group, which is also known as Nippon Telegraph and Telephone. It said it will commit $15 million into OurCrowd’s portfolio through…
On Monday, in a statement Deliveroo said, it plans to sell around new shares worth $1.39 billion (1 billion pounds) in its upcoming initial public offering (IPO), in what is expected to be the biggest London listing in more than seven years. The British food delivery company, which has the backing of Amazon.com Inc, said…
Britain needs to boost its capabilities to carry out offensive cyber attacks, said British Prime Minister Boris Johnson ahead of a national security review slated for later this week. “Cyber power is revolutionising the way we live our lives and fight our wars, just as air power did 100 years ago,” said Johnson in a…
In a development that sets the groundwork for electric vehicles in India, one of the country’s biggest power generation and transmission company Tata Power said, it is exploring an arrangement with Tesla Inc to set up charging infrastructure in the country. Talks are in initial stages and agreements are yet to be signed, cautioned sources.…
According to a senior executive from South Korea’s LG Energy Solution, the company plans on investing more than $4.5 billion in its U.S. battery production business over a span of four years; as part of that strategy, it plans on building at least two new plants. The investment will boost the U.S. battery production capacity…
WPP, the world’s biggest advertising company said, it would immediately relaunch its buyback scheme. The development comes in the wake of its efforts to help clients shift online to get through the worst of the pandemic. The company took a major hit in early 2020 because of the coronavirus-induced COVID-19 pandemic which triggered its clients…
On Thursday, in a statement Israel Aerospace Industries (IAI) said, it would jointly develop an advanced drone defence system with the United Arab Emirates’ state-owned weapons maker EDGE. With both countries formalizing relations in 2020, trade, commerce and defense relations have got closer over concerns over common foe Iran. In a statement, Israeli state-owned IAI…
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