Three major Chinese telcos said late last week that they will be delisted from the New York Stock Exchange (NYSE) after the latter denied their requests for appeal, Reuters reported. The delisting comes in line with the U.S.’ Communist Chinese military companies (CCMC) under the National Defense Authorization Act of 1999, enacted by the former […]
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Finnish telecoms equipment vendor Nokia reported on Thursday a better-than-expected Q1 financial report, with revenue and profit bolstered by a growth in 5G equipment sales. According to the earnings report, quarterly revenues spiked at three percent to 5.08 billion euros ($6.16 billion), beating a consensus figure of 4.72 billion. “We expect our typical quarterly earnings […]
Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The South Korean tech giant also said its quarterly revenue of 65.39 trillion won ($59 billion) was its highest for the […]
During height of the pandemic, global smartphone sales came to screeching halt, as the world took refuge indoors; however, as smartphone manufacturers start developing the next generation of devices, especially with 5G, the market looks headed upwards. An improving COVID-19 outlook compared to this time last year (the end of Q1 2020 marked the beginning […]
The deployment of the fifth generation of mobile networks is no longer a thing of the future, but a reality in the now that must be seized by any telco with the desire to stay relevant in our fast-changing world. Providers are racing to claim the equipment and spectrum necessary to connect their customers the […]
With every day that passes, millions of COVID-19 jabs are being administered around the globe. With every day that passes, it seems as though citizens of the world can put one of history’s most damaging health crises within their rearview mirrors. But that doesn’t in any way signify that we will drive into the sunset […]
Chinese President Xi Jinping on Tuesday called for more equitable management of global affairs and, in an implicit rejection of U.S. dominance, said governments shouldn’t impose rules on others. Xi’s speech at an economic forum comes amid rising tension with China’s neighbors and Washington over its strategic ambitions and demands for a bigger role in […]
Swedish automaker Volvo Cars has signed a strategic collaboration agreement with DiDi Autonomous Driving, the self-driving technology arm of popular ride hailing app DiDi Chuxing to test their self-driving cars test fleet, both companies announced on Monday. According to a joint statement, Volvo Cars will provide DiDi with XC90 cars equipped with necessary backup systems […]
As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it […]
The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a U.S. export blacklist in a spreading conflict with Beijing over technology and security. The measure announced Thursday is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen […]