Thursday, April 30, 2020

Nokia makes small profit despite supply disruption

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China.


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Swisscom warns curbs on antenna upgrade stalling 5G rollout; keeps 2020 outlook

State-controlled telecoms group Swisscom AG said on Thursday that the rollout of its new fifth-generation (5G) mobile technology was getting stalled due to the governments' resistance to installing upgraded antennas.


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Coronavirus: How does contact tracing work and is my data safe?

Millions in the UK will soon be asked to download an app that helps to limit coronavirus spreading.

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YouTube stars including Saffron Barker unite for lockdown livestream fundraiser

Jack Maynard, Lady Leshurr and Big Narstie are among the names raising cash for the NHS.

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Will thermal cameras help to end the lockdown?

Thermal cameras can spot people with a temperature. Will they help to end the lockdown?

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Unlike Zoom, Google Meet is now free for all: Steps to sign-up for a free account



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Apple’s iOS 13.5 will make it easier to unlock your iPhone while wearing a mask



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Proximus says receives temporary 5G license

Proximus, the first mobile operator to launch a 5G network in Belgium, said on Thursday that market regulator BIPT has allotted temporary 5G licences to it and four other companies.


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Telecom operator Orange posts higher sales as France business picks up despite virus

Telecoms operator Orange posted higher revenues for the first quarter on Thursday, as business in its French home market improved despite the onset of the coronavirus crisis that dented its equipment sales.


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Nokia first quarter in profit, revenues miss consensus

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China.


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SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.


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US blacklists five Amazon foreign websites

The US government places some of the online shopping giant’s websites on its “notorious markets” list.

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Redmi Note 9 series, Mi Note 10 Lite launch today LIVE Updates: How to watch the online launch event



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Missing late night movie sessions? 3 ways to watch movies online together with friends



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IT firms TCS, Infosys, Wipro to reduce subcontractors to control costs

“We will be reducing dependency on contractors to some extent to optimize it (cost). Lateral hiring will be done for specific skills in a limited manner and we also continue to build talent within the organisation,” Milind Lakkad, Global Head, Human Resources at TCS, told ET.

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Nintendo seen extending profit streak as housebound consumers switch on

Japan's Nintendo Co Ltd is expected to extend its decade-high earnings streak when it reports fourth-quarter results next week, powered by the hit Switch console which is expanding its reach among locked-down consumers.


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Struggling to maintain social distancing? This app can help



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Subcontractors face the axe as IT rejigs costs

TCS, Infosys, Wipro and Mindtree said subcontracting costs are expected to fall in the coming months. On average, subcontracting forms about 10-15% of total employee cost. In the last few years, subcontracting costs had spiked as IT firms looked beyond in-house talent for new-age technical skills.

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Clash of tech titans: Zuckerberg praises coronavirus lockdowns; Musk sees 'fascism'

Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook's Zuckerberg endorsing the measures while Tesla's Musk condemned them as anti-democratic.


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Coronavirus: Serena Williams among stars to compete in Mario Tennis tournament

Naomi Osaka and the Williams sisters will play and be live-streamed on Facebook's gaming platform.

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Tesla's Elon Musk calling coronavirus lockdowns 'fascist' overshadows profitable quarter

Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row.


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SoftBank sees $8.4 billion net loss on WeWork writedown

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.


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Tesla's Elon Musk calls coronavirus lockdowns 'fascist' as profit streak continues

Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row.


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Wednesday, April 29, 2020

Headset, webcam sales boom at GN Store Nord, but profits drop

Sales at GN Store Nord's audio business jumped in the first quarter as demand for headsets and webcams from locked down workers soared, and the Danish company said the boom would continue as it caught up with the order backlog.


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Rare earth shortage hits electronic component companies

While applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen...