Oman Air plans Airbus talks unless Boeing provides 737 Max support plan

Friday, 14 June 2019

Oman Air CEO Abdulaziz al-Raisi plans to hold talks with Airbus if Boeing does not provide a support and recovery plan for its grounded 737 MAX planes before June 17, a statement by the Omani company said on Friday.“The grounding of the 737 MAXs has had a major financial impact on Oman Air,” the statement cited Raisi as saying.“The airline’s expansion plans for 2019 had been significantly curtailed” and Oman Air “also suffered revenue losses and market share ...

Uber to unveil next-generation Volvo self-driving car

Wednesday, 12 June 2019

Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions.Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has factory-installed steering and braking systems designed for computer rather than human control.Other companies are also working to deploy self-driving vehicles ...

Morocco favors local institutional investors in Maroc Telecom stake sale

Tuesday, 11 June 2019

The Moroccan government, which plans to sell an 8 percent stake in Maroc Telecom, will sell 6 percent of that this month as a block order to local institutional investors such as retirement funds, insurance companies, and banks, the ministry of finance said on Tuesday.The remaining 2 percent stake will be sold on the Casablanca stock exchange, where the company is already listed, it said.The government owns 30 percent of Maroc Telecom, Morocco’s largest telecom operator, which announced on ...

China calls in foreign tech firms after Huawei sales ban

Sunday, 9 June 2019

China summoned global technology companies for talks last week following last month’s US ban on selling technology to China’s Huawei Technologies Co Ltd , two people familiar with the matter told Reuters on Sunday. The blacklisting of Huawei, the world’s largest maker of telecoms network equipment, bars US companies from supplying it with many goods and services due to what Washington said were national security issues, a potentially crippling blow that sharply escalated ...

Report: Europe’s 5G to cost $62 bln more if Chinese vendors banned

Friday, 7 June 2019

A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters. The United States added Huawei Technologies, the world’s biggest telecoms equipment maker, to a trade blacklist in May, prompting global tech giants to cut ties with the Chinese company and putting pressure on European countries to follow suit. Washington ...

Azim Premji, India’s second-richest man, to retire

Thursday, 6 June 2019

India’s second-richest man, Azim Premji, announced Thursday his retirement as chairman of Wipro, the company that he transformed from a small cooking oil firm into a global IT powerhouse. “I wish to thank generations of Wiproites and their families for their contribution towards building our company to what it is today,” the 73-year-old said in a statement. “It has been a long and satisfying journey for me. As I look into the future, I plan to devote more time to focus on ...

FCA and Renault shares drop after merger talks collapse

Thursday, 6 June 2019

Shares in Fiat Chrysler (FCA) and Renault fell sharply in early trading on Thursday after their $35 billion-plus merger plan fell apart only 10 days after being made public, with FCA blaming French politicians.French finance minister Bruno Le Maire said the government, which has a 15 percent stake in Renault, had engaged constructively in talks but had not been prepared to back a deal that was not supported by Renault’s current alliance partner Nissan.Nissan had said it would abstain at a ...

China grants 5G licenses for commercial use

Thursday, 6 June 2019

China on Thursday granted 5G commercial licenses to four domestic companies, taking a big step in its bid to be a global leader in next generation wireless networks amid fierce rivalry from the United States.5G is the next-generation cellular network that offers faster data transfer speed and could enhance technologies such as autonomous driving, remote medical diagnosis and mobile payments.The Industry and Information Technology Ministry said state-owned telecom providers China Telecom, China ...

Pompeo presses Dutch to be tough on China over tech

Monday, 3 June 2019

US Secretary of State Mike Pompeo put pressure on the Netherlands on Monday to follow Washington’s tough line on China as the Dutch government prepares to auction off new “5G” internet rights.Speaking after meeting his Dutch counterpart Stef Blok, Pompeo said they discussed, among other issues, “concerns about technology in infrastructure and technology and the 5G infrastructure network.”Fifth-generation, or 5G, infrastructure is a key battle ground in a US-China ...

Huawei ‘too close’ to Chinese government to be trusted

Saturday, 1 June 2019

Telecommunications giant Huawei is “too close” to the Chinese government, making it difficult to trust the company at the heart of an escalating trade war between Washington and Beijing, the US defense chief said Saturday. Acting Secretary of Defense Patrick Shanahan’s comments came amid a wave of controversy over the Chinese firm, which has been hit by allegations of espionage and faces a US ban. “The integration of civilian businesses with the military is too close. ...

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