Author Archives
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5G auction sales proceeds generated $22.5 billion: FCC
In a statement the Federal Communications Commission (FCC) said, AT&T Inc was leading in the bid for the 5G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in bids. The spectrum sales proceeds generated $22.5 billion, said the… Read More ›
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Massive cyberattacks hits Ukraine, warns expect the worst
On Friday, Ukraine was hit by a massive cyberattack. Russia has also released footage of more forces being deployed on Ukraine’s border in a drill. These developments come at a time when no breakthrough agreement was reached between Russia and… Read More ›
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Aston Martin named Doug Lafferty as CFO
On Friday, British luxury carmaker Aston Martin named Doug Lafferty, as its new chief financial officer. Lafferty will replace Kenneth Gregor, who will be stepping down to personal reasons after 18 months on the job. Lafferty is currently the finance chief… Read More ›
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Canon Inc considers closing China camera plant
On Friday, Canon Inc said, it was weighing options to close down its factory in Zhuhai, southern China, which mainly makes compact digital cameras midst a shrinking market for such devices. Canon’s spokesperson declined to provide details of employee strength at… Read More ›
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Europe at greatest risk of war in 30 years: Poland’s foreign minister Zbigniew Rau
In a statement Polish foreign minister Zbigniew Rau warned, Europe is closer to war than it has been in the last 30 years. The warning comes at a time after a third round of diplomacy aimed at defusing tensions over… Read More ›
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Greece raises minimum wages to tame rising inflation
In a statement Greece’s Prime Minister Kyriakos Mitsotakis said, Athens will raise minimum wage for a second time this year following a rise in inflation levels which has taken a toll on consumers’ income. The government increased monthly gross minimum… Read More ›
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Chinese real estate market in dire straits
All is not well with China’s economy. Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Yuzhou Group and the Shimao Group being the latest case in point of Chinese developers seeking extensions on their… Read More ›
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Benefits of digital pound can be achieved by alternative means with fewer risks: Economic Affairs Committee Chair Michael Forsyth.
On Thursday British lawmakers warned, a digital pound which will be used by consumers is likely to affect the country’s financial stability, erode privacy and raise the cost of credit. The digital pound would need greater appraisal before its widespread… Read More ›
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Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges
In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›
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TSMC’s quarterly net profits touch record high of 6.01 billion
Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
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