Friday, September 18, 2020

Malaysia’s telcos to enhance 4G connectivity ahead of 5G rollout

Malaysia’s oldest telecom provider Celcom signed a Memorandum of Understanding (MoU) with Digi Telecommunications and Maxis to explore jointly deploy fibre backhaul and rollout fibre to base stations in the country, media reports said. The...

Lufthansa Group may halve capacity and ground all A380s in March due to coronavirus

The Lufthansa Group has announced that it may reduce capacity by up to 50 per cent in the coming weeks, due to the “exceptional circumstances” caused by the spread of the coronavirus (‘Covid-19’).

HSBC combines wealth and retail banking to create new global business

HSBC, as part of its restructuring, seeks to venture into China’s wealth market by combining its private bank with its wealth management and retail banking businesses, media reports said. With that, HSBC has established a...

Apple Warns Stores About a Shortage of Replacement iPhones

Apple Inc. warned retail employees about shortages of replacement iPhones, another sign the coronavirus outbreak is straining the company’s supply chain. The company recently told technical support staff at stores that replacement iPhones...

Samsung wins $952 mn contract to develop power plant in the UAE

Samsung’s global construction and engineering unit, Samsung Construction and Trading has won a $952 million contract from the Emirates Water and Electricity Company (EWEC) to build a 2,400 MW combined cycle power plant in Fujairah,...

Vietnam Airlines signs JV deal with ST Engineering for MRO services

Vietnam Airlines has entered into a joint venture with ST Engineering, a Singapore-based aerospace engineering group, to provide maintenance, repair, and overhaul (MRO) services to Vietnam Airlines and other partnered airlines. According...

Shell to Build First Big Solar Plant in Move to Power Production

Royal Dutch Shell Plc will build its first large-scale solar farm as part of its plan to expand into power generation. Shell, which has set itself a goal to become...

Bank of America builds patent mountain

Last year, Bank of America earned 418 patents from the United States Patent Office – more than in any other year in the history of the company. This represents a 31 percent increase over...

Apple now sells more watches than the entire Swiss watch industry

The Apple Watch continues to dominate the market The Apple Watch wasn’t just the best-selling smartwatch last year, but also put the Swiss watch industry to shame, according to new sales estimates compiled...

GSK to cut 720 jobs in Belgium

British multinational GlaxoSmithKline (GSK) has announced the aim to cut 720 jobs in its Belgian operation, based in Rixensart and Wavre in Walloon Brabant and Gembloux in Namur province. The decision was announced...

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