According to two sources close to the matter at hand, telecom operators Orange Belgium and Proximus plan on replacing Huawei’s mobile equipment in Belgium and Luxembourg with Nokia equivalent. The development comes with growing recognition of U.S. accusations that Huawei’s telecom gear could be used for economic and military espionage purposes by Beijing. Both Nokia…
More airlines are set to fail in the coming months despite some airlines have been helped not to go bankrupt by strong government support say aviation experts. Since January this year, 43 commercial airlines have failed, found Travel data company, Cirium. In comparison, 46 and 56 airlines had failed for the entire years of 2019…
Even though the Chinese owned short video sharing app TikTok is currently faced with a possible ban by in the United States after the government accused it of being a national security risk, many of the major advertisers including Procter & Gamble, Danone and Chipotle Mexican Grill have decided to stick around with spending on…
On Wednesday, in a statement Sharp Corp said, German automaker Daimler has signed a licensing agreement with it following a settlement in a patent infringement lawsuit concerning in-vehicle mobile communications technology. In a court ruling last month, Sharp won the patent dispute with a German court allowing Sharp to enforce a sales ban against Daimler…
In a statement Bank of America Corp said it has begun rolling out a new digital financial planning tool – a development that sees the banking giant wade into a space that so far has been dominated by fintech companies. Launching Life Plan, Bank of America said, the tool can be used on its website;…
U.S. networking giant Cisco Systems Inc has been ordered, by a U.S. judge, to pay $1.9 billion to a Virginia-based company which had accused it of infringing on its cybersecurity patents. After a month of a non-jury trial, U.S. District Judge Henry Morgan in Norfolk, Virginia, found Cisco of infringing on four Centripetal Networks Inc’s…
In a statement electric vehicle startup Faraday Future’s Chief Executive Carsten Breitfeld said, it is aiming to go public through a reverse merger with a special-purchase acquisition company (SPAC). “We are working on such a deal … and will be able to announce something hopefully quite soon,” said Carsten Breitfeld of the potential SPAC deal.…
In a defining moment for SpaceX, Elon Musk’s space venture has won a $149 million contract to build missile-tracking satellites for the Pentagon, said the U.S. Space Development Agency (SDA) in a statement on Monday. The development marks SpaceX’s first government contract to build satellites. Known for its reusable rockets and astronaut capsules, SpaceX is…
On Tuesday, in a statement Toyota Motor Corp said, it will collaborate with Panasonic Corp to create a joint venture for producing batteries in Japan. To this end, the duo will establish a production line in Western Japan which will manufacture lithium-ion batteries for hybrid vehicles starting from 2022. The production line will have a…
In a significant development, food manufacturers, supermarkets, and restaurant chains are coming under pressure from campaigners over the environmental impact the food chain is having on tropical forests midst calls to strengthen a plan to stop logging of trees in tropical forests to grow cocoa, palm oil and soy. With the food industry coming under…
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