All paid advertisements on all social media platform globally will be stopped for at least 30 days by Coca-Cola, the company has announced. In its statement however the company confirmed that it would not be joining the official advertisement boycott campaign of social media platforms by companies, but said “we are pausing” advertising. After the…
On Monday, in a significant development, the Dutch government began auctioning airwaves for 5G networks with a floor of $1 billion (900 million euro). Telecommunication companies including Vodafone, KPN, and T-Mobile are participating. The auction is for the 700, 1400 and 2100Mhz frequency ranges. The companies will submit bids in a series of daily rounds…
In a development that signals a change in its business model, Sony Corp stated, it’s image sensor business aims to replicate the PlayStation’s success to address its reliance on a handful of manufacturers in the fiercely competitive smartphone market – it plans on selling software by subscription for data-analyzing sensors in situ. Much akin to…
In a significant development, three of China’s biggest state-owned airlines have taken delivery of their first ARJ21 short haul 90-seater aircraft made by state-owned Commercial Aircraft Corporation of China (COMAC). In a statement COMAC said, China Eastern Airlines Corp Ltd, Air China Ltd, and China Southern Airlines Co Ltd have received the aircraft; they would…
Virgin Australia, the airline that went into administration about two month ago, now has a new owner. The United States private equity firm Bain Capital has been selected by the administrators to take over the carrier. The administrators however did not disclose any details of the deal. Another bidder for the collapsed airlines was Cyrus…
Alphabet’s Google has agreed to pay more for high-quality content to some media groups in Australia, Brazil and Germany and expects that it will strike more deals, in a move that is being seen as a step forward at resolving the issue that the tech giant has with publishers. The company has however said that…
A couple of days after the arrest of its ousted CEO, the payments giant Wirecard collapsed on Thursday with a debt to creditors worth almost $4 billion. The company had disclosed earlier this month a shortfall in its books which, according to its auditor EY, was the outcome of a sophisticated global fraud. Filing for…
On Thursday, in a significant development, A.P. Moller-Maersk, the world’s largest container shipper, said it will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry. Denmark’s Maersk, which said it wants to be carbon-neutral by 2050, said the research center…
In a significant development, Singapore’s biggest wireless network operators have selected Nokia and Ericsson to build their core 5G networks. The development comes midst a growing awareness by countries on threats posed by China’s Huawei and comes in the wake of trade tension between Singapore’s biggest trading partners, the United States and China. Singapore had…
On Thursday, a report from the Australian Financial Review said, Amazon Inc is expanding its footprint in the country and plans on building a warehouse in Sydney. It is also looking to install a giant facility in Melbourne. A spokeswoman for Amazon declined to comment on ‘speculations or our future plans.’ In a separate stock…
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