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 […]
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Canada-based tech company BlackBerry plans to bolster its offerings by putting its weight behind two main business units, cybersecurity, and the Internet of Things (IoT), in a bid to further align operations and go-to-market efforts to its key market opportunities. The move follows the company’s previous announcement to separately report revenues of its operating business […]
A very strange thing happened on the internet the day President Joe Biden was sworn in. A shadowy company residing at a shared workspace above a Florida bank announced to the world’s computer networks that it was now managing a colossal, previously idle chunk of the internet owned by the U.S. Department of Defense. That […]
Luxembourg-based telco Millicom International Cellular announced on Monday that it has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Once closed, the transactions will complete Millicom’s multi-year plan to divest its African operations and focus on its Latin America markets, the company […]
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 […]
A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by Russian-speaking cybercriminals who are shielded — and sometimes employed — by […]
A large majority of CFOs around the world are planning to expand operations into new countries in 2021 to achieve their long-term growth strategies, according to a recent survey by CFO Research and Globalization Partners. The survey also uncovered changing perceptions about hiring and remote work because of their pandemic experiences, with respondents saying they […]
The president of Toshiba Corp. stepped down Wednesday, a week after the the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. Nobuaki Kurumatani tendered his resignation at a board meeting, and the board accepted, effective Wednesday, Tokyo-based Toshiba said in a statement. Kurumatani […]
Hitachi Ltd. is buying U.S. digital engineering services company GlobalLogic Inc. for $9.6 billion, the Japanese industrial, electronic and construction conglomerate said Wednesday. Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi’s digital operations in a wide range of businesses, including IT, energy, industry and mobility. It will speed up efforts […]
Apple Inc. announced on Wednesday that over 110 of its manufacturing partners around the world will be moving to 100 percent renewable energy for their Apple production, with nearly 8 gigawatts of planned clean energy set to come online, the company said in a release. According to the tech behemoth, once completed, these commitments will […]