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Shares were mixed in early European trading on Tuesday after a strong day of gains in Asia, while US futures edged lower. Benchmarks slipped in London and Frankfurt on Tuesday but rose in Paris, Tokyo and Hong Kong. Investors appeared to be shrugging off surging coronavirus caseloads in dozens of countries after the S&P 500 […]
President Donald Trump has demanded that the US treasury should get a substantial chunk of the TikTok sale proceeds, as he set September 15 as the deadline for the popular Chinese short video app to be out of business in the country unless it is bought by an American company. Trump was speaking to reporters […]
Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. US Secretary of State Mike Pompeo’s weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party adding to […]
Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue. The Espoo, Finland-based maker of new-generation 5G mobile and other networks said Friday that its net profit for the April-June period was up 22 per cent […]
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, recently announced a collaboration with True Corporation Public Company Limited (True) to build a commercial 5G network in Thailand. True, a fully licensed operator in Thailand, with a 30% market share in the mobile market of the country, […]
Google will pick up a 7.7 percent stake in Reliance Industries’ technology venture for Rs 33,737 crore, richest Indian Mukesh Ambani said on Wednesday. “We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores […]
Wall Street is rising in Monday morning trading as CEOs across the country prepare to tell their investors how much money they made or lost, in the spring as the coronavirus pandemic pounded the economy. The S&P 500 was 1.1% higher after the first hour of trading, following up on similar gains across Europe and […]
After coming under scrutiny from several nations over their Chinese ties, ByteDance Ltd is discussing changing the corporate and management structure of their short video app, TikTok. There have been talks of creating a new management board and shifting the company headquarters away from Beijing, in order to establish a distance from the Chinese government. […]
Power Minister R K Singh on Friday said that India will not import power equipment from China, amid a border standoff with China. During a virtual press conference with state counterparts, he also asserted that the equipment import from China and Pakistan would not be permitted especially on the basis of inspection. He further said […]
Wall Street hit the brakes Tuesday, a day after its remarkable, weekslong rally brought the S&P 500 back to positive for the year and the Nasdaq to a record high. The S&P 500 was down 0.5per cent, as of 11 a.m. Eastern time, after earlier being down as much as 1.2 per cent. The Dow […]
A Global Solutions Integrator today announced that it will be acquiring Fujisoft (along with its associated companies in UAE) through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The proposed acquisition is subject to approval […]
