Displaying items by tag: US
The $26 billion merger deal between US telecommunication operators T-Mobile US and Sprint has received the backing of a key official at the US communications regulator FCC (Federal Communications Commission).
The decision taken by the Trump administration to effectively ban Huawei from the US market has drastically deteriorated already soured diplomatic relations between Washington and Beijing as the rest of the world anxiously looks on.
The Trump administration has left itself wide open to more criticism after it declined to join an international bid designed to stamp out and eradicate violent extremism online.
Chinese telecommunications behemoth Huawei has blasted the United States for issuing an executive order that effectively bans them from operating in the US.
The market value of SoftBank Group, Uber’s biggest stakeholder, has decreased by $16 billion following Uber’s disappointing initial public offering.
Mark Zuckerberg and French President Macron held a meeting at the Elysee Palace in an effort to crack down on the latest issues surrounding social media and the internet.
The fifth court hearing for Meng Wanzhou's case took place in Canada on May 8. Huawei issued a statement regarding this hearing in which it reveals three new and important disclosures that the lawyers for Ms. Meng made in court. From the outset, Huawei has expressed confidence in Ms. Meng’s innocence. “We have maintained that her U.S.-ordered arrest was an unlawful abuse of process – one guided by political considerations and tactics, not by the rule of law.”
China’s ambassador to the United Kingdom has pleaded with the British Government to make an independent decision on selecting its equipment suppliers for the buildout of its 5G networks.
US technology behemoth Microsoft is edging nearer a trillion-dollar valuation after its profits soared in the first-quarter of 2019. Microsoft enjoyed the increase in its revenues largely because of its cloud and business services continue to resonate with the market.
Profits’ in the opening quarter climbed by 19% to $8.8bn and that represents an increase of 14% from the same period a year earlier. Microsoft also saw its shares gain 3% on the New York Stock Exchange which pushes it closer to a $1 trillion valuation.
By the close of the bell on Wall Street, Microsoft was valued at $960m, which places them just behind Apple and slightly ahead of Amazon.
The financial results indicate that Microsoft is now becoming increasingly reliant on cloud computing and other business services which now drive its earnings, in contrast to its earlier days when it focused on consumer PC software.
“Leading organizations of every size in every industry trust the Microsoft cloud," chief executive Satya Nadella said in a statement.
Commercial cloud revenue rose 41 percent from a year ago to $9.6 billion, which now makes up nearly a third of sales, Microsoft said.
In addition to this, it was disclosed that some $10.2 billion in revenue came from the productivity and business services unit which includes its Office software suite for both consumers and enterprises, and the LinkedIn professional social network.
The more personal computing unit which includes its Windows software, Surface devices and gaming operations generated $10.6 billion in the quarter.
A Chinese engineer and his partner have been charged by US authorities for allegedly engaging in intellectual property theft from energy behemoth General Electric.