Business

Mercedes and Bosch Join to Accelerate Rollout of Robo-Taxis

Mercedes and Bosch Join to Accelerate Rollout of Robo-Taxis

4 Apr 2017 comment

Mercedes and Bosch are teaming up to bring driverless taxis to city streets by early in the next decade in an intensifying global race to be first to offer the technology commercially, according to Bloomberg.

Trump Cracks Down on Visa Program That Feeds Silicon Valley

Trump Cracks Down on Visa Program That Feeds Silicon Valley

4 Apr 2017 comment

The U.S. administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry, according to Bloomberg.

Huge Growth for OTT Messaging – More than 4.2 Billion Users by 2021

Huge Growth for OTT Messaging – More than 4.2 Billion Users by 2021

4 Apr 2017 comment

New findings from Juniper Research forecast that OTT messaging applications, such as WhatsApp and Snapchat, will see adoption grow from 2.3 billion unique users in 2016 to 4.2 billion by 2021 representing a growth of over 12% CAGR.

Huawei Marks Solid Growth in 2016

Huawei Marks Solid Growth in 2016

3 Apr 2017 comment

Huawei released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%.

CE China is expanding

CE China is expanding

3 Apr 2017 comment

For the first time CE China is launching a keynote program. Christof Jaeger, Senior Vice President for Marketing, BSH Region Greater China, confirmed opening keynote speaker for CE China on 4 May, 2017.

Chinese Bike-Share Service Vows to Stop Child Riders

Chinese Bike-Share Service Vows to Stop Child Riders

3 Apr 2017 comment

China’s bike-sharing companies face a new challenge following the accidental death of an 11-year-old boy in Shanghai: how to get under-aged kids off their brightly colored bicycles, according to Bloomberg.

Ford Hires 400 BlackBerry Employees for Connected Cars Work

Ford Hires 400 BlackBerry Employees for Connected Cars Work

3 Apr 2017 comment

Ford agreed to hire 400 employees from BlackBerry to help develop wireless technology at the automaker, deepening an ongoing partnership between the two companies involving in-car connectivity, according to Bloomberg.

Bezos Rises to Become World's Second Richest With Amazon Surge

Bezos Rises to Become World's Second Richest With Amazon Surge

2 Apr 2017 comment

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person, according to Bloomberg.

BlackBerry Posts Profit and Expects More to Come

BlackBerry Posts Profit and Expects More to Come

2 Apr 2017 comment

After three years of acquisitions, layoffs and trying to convince customers it could do more than build smartphones, the BlackBerry’s software revenue and profit margins are growing in the way CEO John Chen wants them to, according to Bloomberg.

Latest Hollywood Blockbusters Will Come Faster to TV

Latest Hollywood Blockbusters Will Come Faster to TV

2 Apr 2017 comment

The span between a movie’s theatrical debut and home-video release is likely to get shorter as soon as this year, according to Bloomberg. Theater chains have long resisted the idea of letting studios release movies direct to consumers any sooner than 90 days after the films arrive in the cinemaplex, but reality is starting to set in.

Fears Grow of Terror in U.S. With Weaponized Civilian Drones

Fears Grow of Terror in U.S. With Weaponized Civilian Drones

2 Apr 2017 comment

The successful use of small drones as weapons by terrorists in Middle Eastern war zones is raising concerns among U.S. security agencies that homegrown extremists will utilize them for domestic attacks, according to Bloomberg.

Xiaomi CEO Is Doubling Smartphone Bet on India

Xiaomi CEO Is Doubling Smartphone Bet on India

1 Apr 2017 comment

The worst may be over for Xiaomi, according to Bloomberg. The Chinese smartphone maker has resumed growth and global revenue should surpass $15 billion this year as an expensive gamble on India pays off, billionaire co-founder Lei Jun said.

Hon Hai Posts Surprise Profit Rise After Record iPhone Sales

Hon Hai Posts Surprise Profit Rise After Record iPhone Sales

1 Apr 2017 comment

Hon Hai reported an unexpected rise in quarterly earnings after the main assembler of Apple’s devices rode record iPhone sales during the pivotal holiday shopping period, according to Bloomberg.

U.K. Urges Social Media to Tackle Terrorist Propaganda

U.K. Urges Social Media to Tackle Terrorist Propaganda

31 Mar 2017 comment

U.K. Home Secretary Amber Rudd urged social media and technology companies to do more to identify and eliminate terrorist content from the internet, after a meeting in London with officials from Facebook, Google, Microsoft and Twitter, according to Bloomberg.

Dell Posts $20.1 Billion in Quarterly Sales After EMC Deal

Dell Posts $20.1 Billion in Quarterly Sales After EMC Deal

31 Mar 2017 comment

Dell reported revenue of $20.1 billion in its first quarterly report that fully accounts for the merger with EMC, according to Bloomberg. The company gave the results for its fourth fiscal quarter that ended Feb. 3, following the completion of one of the largest technology deals in history in early September.

Microsoft Opens Its First European Lab for Internet of Things

Microsoft Opens Its First European Lab for Internet of Things

31 Mar 2017 comment

As Europe’s industrial companies attempt to modernize production with sensors and software, Microsoft is trying to grab a piece of the spending. According to Bloomberg, the U.S. software giant is launching a new lab in Munich, following openings in Redmond, Washington and Shenzhen, for customers investing in Internet of Things.

Second Edition of Agile Serbia Conference Will Be Held in May

Second Edition of Agile Serbia Conference Will Be Held in May

31 Mar 2017 comment

The second Agile Serbia Conference will take place in Belgrade, on May 26. The organizers expect more than 500 participants, which will be a significant increase from last year's 420.

Toshiba Investors Approve Chip Division Sale

Toshiba Investors Approve Chip Division Sale

30 Mar 2017 comment

Toshiba shareholders approved the sale of its memory chips division to cover costs resulting from the Westinghouse bankruptcy, but not before railing at management and lamenting the downfall of a Japanese icon, according to Bloomberg.

PwC Expands Relationship With Microsoft

PwC Expands Relationship With Microsoft

30 Mar 2017 comment

The PwC network announced plans to expand its current alliance with Microsoft globally. This will allow PwC firms across the globe to enhance their ability to support clients pursuing large scale digital and business transformation enabled by Microsoft technology.

Samsung Presented Galaxy S8 and S8+ Smartphones

Samsung Presented Galaxy S8 and S8+ Smartphones

30 Mar 2017 comment

Samsung introduced Galaxy S8 and S8+, a new generation of its flagship smartphone. Korean company unveiled its new product at a special event in New York. The most visible feature is seamless design and curved display edges which the company calls the Infinity Display.

Toshiba Sees Record Loss as Nuclear Unit Files Bankruptcy

Toshiba Sees Record Loss as Nuclear Unit Files Bankruptcy

29 Mar 2017 comment

Toshiba projected its annual loss could more than double to a record 1.01 trillion yen ($9.1 billion) as its U.S. nuclear unit Westinghouse filed for Chapter 11 bankruptcy, according to Bloomberg. The collapse of Westinghouse, once the linchpin of Toshiba’s plans to diversify away from consumer electronics, caps a disastrous run for the Japanese conglomerate as project delays crippled earnings from the nuclear plant business.

Canon Buys U.K. Photo Startup in Bid for Smartphone Relevance

Canon Buys U.K. Photo Startup in Bid for Smartphone Relevance

29 Mar 2017 comment

Canon is buying U.K. startup Kite, a company that helps people order photo albums, mugs or phone cases customized with images from their smartphone cameras, according to Bloomberg.

Rudd to Meet Social-Media Companies on Fighting Terrorism

Rudd to Meet Social-Media Companies on Fighting Terrorism

29 Mar 2017 comment

U.K. Home Secretary Amber Rudd will meet social-media companies to ask for help in combating terrorism after calling on Facebook to open the encryption of its WhatsApp messaging system to security services, according to Bloomberg.

Samsung Opens Door to Re-Selling Note 7s as Refurbished Phones

Samsung Opens Door to Re-Selling Note 7s as Refurbished Phones

28 Mar 2017 comment

Samsung has detailed its plans for the millions of Galaxy Note 7 smartphones it pulled off shelves when some caught fire last year, including recycling materials and potentially letting customers use them as refurbished devices, according to Bloomberg.

Uber to Withdraw From Denmark

Uber to Withdraw From Denmark

28 Mar 2017 comment

Uber is closing its ride-hailing service in Denmark ahead of regulation changes it said would make its app unworkable for consumers, according to Bloomberg. The company said it’s stopping the service used by 2,000 private drivers in the country as of April 18.

Panasonic Donates 1,584 Solar Lanterns to South Africa, Swaziland, and Lesotho

Panasonic Donates 1,584 Solar Lanterns to South Africa, Swaziland, and Lesotho

28 Mar 2017 comment

Since 2012, Panasonic Corporation has been working on the 100 Thousand Solar Lanterns Project, a project that aims to donate a total of 100 thousand solar lanterns to the world's non-electrified areas by 2018, which is the centennial of Panasonic's foundation. As part of the effort, the company donated a total of 1,584 solar lanterns for the first time to three nonprofit organizations (NGOs) working in the three countries of the Republic of South Africa, Kingdom of Swaziland, and Kingdom of Lesotho.

NATO to Seek Bids for $3 Billion Euros in Satellite and Cyber Security

NATO to Seek Bids for $3 Billion Euros in Satellite and Cyber Security

28 Mar 2017 comment

NATO plans to open the way next month for businesses to bid for about 3 billion euros in orders for satellite communications, air and missile defenses, cyber security and advanced software, according to Bloomberg.

BT to Pay 342 Million Pounds for Late Network Installs for Rivals

BT to Pay 342 Million Pounds for Late Network Installs for Rivals

27 Mar 2017 comment

BT Group was fined a record 42 million pounds and ordered to reimburse another 300 million pounds to competitors after an investigation found the former phone monopoly failed to adequately compensate them for broadband service delays, according to Bloomberg.

U.K. Tells WhatsApp to Open Up to Intelligence Services

U.K. Tells WhatsApp to Open Up to Intelligence Services

27 Mar 2017 comment

U.K. Home Secretary Amber Rudd said Facebook’s WhatsApp messaging system should open its encryption to security services and urged online companies to be more aggressive in shutting down sites exploited by terrorists, according to Bloomberg.

Toshiba Attracting More Potential Bidders for Chips Unit

Toshiba Attracting More Potential Bidders for Chips Unit

26 Mar 2017 comment

Toshiba’s memory chips business is attracting more potential bidders ahead of an end-March deadline, including Japanese government-backed entities, according to Bloomberg citing people with knowledge of the matter.