China’s Geely Holding-owned Volvo Cars will temporarily stop production at its Swedish plant in Gothenburg because of a shortage of semiconductors. A global crunch of chips has hit carmakers hard, with many forced to cut down on production. Electronic device makers are also struggling to keep up with a pandemic-led demand for gaming consoles, phones,…
On Tuesday, Pleo, a Danish fintech platform which offers expense management tool and smart company cards, said it had raised $150 million from U.S. investment firms Bain Capital Ventures and Thrive Capital in its latest funding round which valued it around $1.7 billion. The company has more than 17,000 customers across Denmark, Sweden, Germany, the…
In a statement the CEO of Kaseya. The US IT company that has been at the center of a massive ransomware attack saud, between 800 to 1,500 businesses around the globe have been affected by the ransomware attack. In an interview, the CEO of the Florida-based company said, it was hard to estimate the precise…
Hackers have breached the cyber defenses of a Swedish information technology firm; so far it is unclear whether the breach has resulted in the attackers gaining access to a database containing patient data, including COVID-19 test results. In a statement InfoSolutions said, it has “identified and solved what made the intrusion possible.” However, as yet,…
Storytel , a Swedish audiobook streaming group has teamed up with Spotify to allow its subscribers to listen to its library of audiobooks on Spotify from later this year. Storytel offers listening and reading of more than 500,000 titles across 25 markets and competes with the likes of Amazon’s Audible. “We will also be tapping into the opportunity…
In a statement Swedish telecoms operator Tele2 said, it will partner with Nokia for the deployment of its core 5G network in Sweden and in the Baltics. The new core infrastructure will support both 4G and 5G connectivity, thus allowing higher speeds with lower latencies in the network. “We are proud to be expanding on…
On Tuesday, in a significant development, Swedish regulators have banned China’s Huawei and ZTE from developing its 5G network ahead of the launch of its spectrum auction, scheduled for next month. The decision by the Swedish Post and Telecom Authority (PTS) follows assessments by the by the Swedish Armed Forces and security service. Following widespread concerns,…
Midst growing debate over the future of money, major central banks across the globe are looking at a possibility of issuing their own digital currencies, said the European Central Bank and the Bank of England. “The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a new group headed…
On Wednesday, Japanese truck maker Isuzu Motors disclosed, it plans on tieing up with Sweden’s Volvo AB, in order to deepen its grip on next-generation technologies including electrification and autonomous driving, Japan’s Yomiuri newspaper reported that Isuzu would be holding a news conference at 0600 GMT in Tokyo on an “alliance” without elaborating.
On Friday, Telenor stated, it has selected Ericsson for creating its fifth-generation (5G) telecoms network in Norway. The development comes in the wake of intelligence reports from across the globe that China’s Huawei could potentially pose an espionage threat. Recently Norwegian security services had also warned against espionage threats arising from Huawei. “Ericsson will modernize…
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