The Vsmart phones will be made at a factory in Vietnam’s capital, Hanoi, and will be sold in the EU and European markets from April 2020. On Friday, Vietnam’s biggest-listed firm by market value, Vingroup JSC stated it had signed a deal with Qualcomm and with a unit of Japan’s Fujitsu Ltd, to produce 5G…
The development coincides with Chinese President Xi Jinping visit to Europe. On Tuesday, following the news that European planemaker Airbus SE won a deal worth tens of billions of dollars, shares of the planemaker rose by 1.9% in early trading session. Airbus has secured a deal to sell 300 aircraft to China. According to French…
The current agreement, which builds on the 2017 partnership, is aimed at boosting and supporting each other, so that they can better compete in the global EV market. On Wednesday, Toyota Motor Corp and Suzuki Motor Corp stated, they plan on producing electric vehicles (EVs) and compact cars for each other so as to better…
The 7-month old electric scooter sharing startup plans on using the funds for R&D and for increasing its footprint in the EU. On Monday, VOI Technologies, an electric scooter sharing startup that is just 7 months old stated it has raised $30 million in its latest fundraising round. VOI Technologies plans on using the proceeds…
SoftBank will also source its 5G network equipment from Nokia and Ericsson rather than from Huawei: Nikkei In a significant development, Japan’s Nikkei has reported without citing sources, SoftBank Group Corp plans on replacing 4G network equipment from China’s Huawei Technologies Co Ltd with equivalent hardware from Nokia and Ericsson. Further, for its 5G network,…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
Of the 87 million Facebook users who were affected by the personal data privacy breach, 3 million were from Europe. A spokesman for Hamburg’s data protection ombudsman stated, the city has opened non-compliance procedures against Facebook, the world’s biggest social network which in recent days have been accused of abusing its users’ data. In a…
Singapore Airlines plans on deploying the jet in its Osaka, Japan route Perth, Australia, route from May this year. In a significant development, U.S. aircraft maker Boeing Co delivered its first 787-10 Dreamliner to Singapore Airlines marking the coming of age of its first lightweight family of jets based on which it is betting its…
Amazon has 5 logistics centers in France. It now plans on opening a 142,000-square-foot delivery warehouse later this year. The ramping up of investments in its infrastructure and services in the country along with the settling of long-running taxes with French tax authorities, are a pointer to the strategic role France is to play in…
Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…
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