On Tuesday, in a statement the Ifo institute said, German industrial output is likely to touch a new low in the coming three months, even as its index for production expectations saw its biggest drop since the survey was first conducted in 1991. In March, the index dropped to -20.8 points from 2.0. “We are…
As a result of the Wuhan Coronavirus, South Korea is slipping from its lead in the global next-generation 5G telecom services, with the pandemic cooling consumer sentiments for costs and quality. Earlier this year, South Korea’s telecom operators led by SK Telecom and KT Corp had launched the world’s first 5G services with South Korea’s…
British Prime Minister Boris Johnson is scheduled to meet senior ministers on Tuesday to decide on whether the UK will allow China’s Huawei to participate in building the country’s critical 5G mobile infrastructure. The United States views Huawei as a company of particular concern and it sees Huawei’s participation in building a critical infrastructure as…
As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…
In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…
In a background of rising economic and political challenges stemming from Brexit and UK’s general elections, British online retailer The Hut Group (THG) disclosed it has raised $1.10 billion (1 billion euros). It went on to add, it will channel the funds for further expansion. The new capital comprises a 600 million euro term loan,…
During a testimony to the U.S. Senate, the FBI said it wished it had taken swifter action with regard to Chinese recruitment of U.S.-based researchers to transfer intellectual property from American laboratories. The admission by John Brown, assistant director of the Counterintelligence Division at the FBI, backed up a Senate subcommittee report which concluded that…
The material, EUV photoresists, is crucial for chip production. On Thursday, South Korean Prime Minister Lee Nak-yon stated, Japan has approved the export of a high-tech material to South Korea. This is the first such export since Japan tightened the exports of high-tech materials used in the making of displays and chips. Japan has approved…
The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets. With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook…
ACWA Power’s plan has multiple sweet points given that it is aligned with Riyadh’s goal to diversify its economy and wean its economy away from just oil exports. In a development that places the development of power and water plants at the heart of Saudi Arabia’s bid to develop its renewable power industry, Riyadh-based ACWA…
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