On Wednesday, Nokia said it has won an order from Globe Telecom to build a 5G network for the Philippines’ second and third largest islands Mindanao and Visayas. Nokia will also upgrade the existing 4G network for the largest mobile network operator in the Philippines. Financial details of the transaction was not disclosed.
In a significant development, the U.S. Postal Service (USPS) stated, it will award a multibillion-dollar, ten-year contract agreement to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the initial $482 million investment, Oshkosh Defense, a unit of Oshkosh Corp, will finalize the production design, testing and vehicle tooling required prior to…
During a U.S. Senate Select Committee on Intelligence, Microsoft Corp’s president Brad Smith stated, the company has notified 60 customers that their data was most likely compromised by hackers during a hacking campaign revolving around Texas-based software firm SolarWinds Corp. In prepared remarks, Smith told members of the U.S. Senate Select Committee on Intelligence that…
The streaming platform Spotify will now have the opportunity to reach out to an additional one billion customers as the company plans to expand its business and launch its services in 85 new markets. The company made the announcement during a live streaming event that featured Justin Bieber, Prince Harry and Meghan Markle. A new…
In a statement luxury electric vehicle maker Lucid Motors stated, it will go public by merging with blank-check firm Churchill Capital IV Corp in a deal that values the combined company at $11.75 billion. Incidentally, CCIV, which has the backing of Michael Klein, and new private investors are getting shares at different prices: the new…
Despite global fashion brands touting their desire and intention to achieve higher green operations, the complex nature of their global supply chains often inhibits the desire of the brands to use environmentally friendly materials. However this issue can be tackled with the use of blockchain technology that underpins cryptocurrencies such as bitcoin, believes TextileGenesis. Blockchian…
The first codes that were developed by the National Security Agency of the United States to be used in the country’s hacking operations were used by Chinese spies, claimed Israeli researchers said on Monday. If this claim is true, it would show how malicious software developed by agencies working for governments of countries can ultimately…
In a regulatory filing on Monday, video game platform Roblox Corp stated, it has revived its plans to go public and expects its shares to start trading on the New York Stock Exchange on March 10. Earlier the company had postponed its plans to go public through a direct listing following a U.S. Securities and…
In a statement, Wayne Griffiths, the chairman of Volkswagen’s Spanish unit SEAT said, the company is set to lose some of its production volumes in the first half of this year due to the shortage of semiconductors for the auto sector. It will have to recover the loss in the second half. Griffiths made the…
In a development that further fuels speculation of an impending deal between Volkswagen’s supercar brand Bugatti and electric hypercar maker Rimac Automobili, Porsche AG’s CEO told German weekly Automobilwoche that both companies make a good technological fit. Last year, British automotive magazine Car had reported that VW was on the brink of selling Bugatti to…
