The Nordic business of collapsed British travel company Thomas Cook has been saved following an agreement to purchase the business was made by Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital. Since Thomas Cook’s liquidation in September, the search for a buyer had been ongoing for the profitable Thomas Cook…
A new research conducted by Climate Central, a US-based non-profit news organization, has conclude that later this century, millions more people will be put at risk because of coastal flooding due to rising sea levels driven by climate change. The research also noted that areas that are projected to be below high-tide lines come 2100…
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November will be cancelled, the Chilean government has announced. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese leader Xi Jinping were supposed to sign an initial trade agreement – called the…
The sale of shingles vaccine of GlaxoSmithKline beat market expectations and the continued good performance of the company’s older medicines, including HIV treatments prompted the drug making company to raise its annual profit forecast for the second time this year. Following the announcement by the British drug maker about its expectations of profit for the…
The first eight months of the current year have been good for Japanese car companies operating in China despite the prolonged downturn in the Chinese auto market, with 14 straight months of contraction, as well as the broader Chinese economy. According to the China Association of Automobile Manufacturers, in August, the overall vehicle sale in…
Nokia is focussing more resources to develop its system on chip integrated circuits. On Wednesday, in a statement, Finnish giant Nokia said, it has hired hundreds of engineers in Finland during 2019 in order to speed up development of its 5G solution. Last week, Nokia, which has competitors such as Ericsson and Huawei, had slashed…
Apple is mobilizing suppliers to unveil its first models of 5G iPhones. On Wednesday, a report from the Nikkei Asian Review stated, Apple Inc is mobilizing suppliers to launch its first 5G iPhones. “It will be the first time Apple introduces 5G iPhones … There will be three of them and the company has set…
A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…
Samsung unveiled the device at the Samsung Developer Conference 2019 in the United States. Racing ahead with the launch of its first model in September, Samsung Electronics Co Ltd unveiled a new smartphone design that folds into a square. Samsung launched the new concept smartphone at the Samsung Developer Conference 2019 in the United States.…
Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…
