Huawei holds on to No. 2 smartphone spot in first quarter- report
Businessam StaffMay 28, 2019
Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, before being blacklisted by the United States, research and advisory firm Gartner said. Gartner also said Huawei continued to reduce the gap with Samsung, but warned that growth could be limited in the near term. […]
U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm
Businessam StaffMay 21, 2019
The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action. The U.S. Commerce Department blocked Huawei Technologies from buying U.S. goods last week, a major escalation […]
Facebook bans Farrakhan, others for alleged hate speech
Businessam StaffMay 3, 2019
Facebook announced on Thursday that it has banned several high-profile accounts and people from its platform, including Nation of Islam leader, Minister Louis Farrakhan, according to USA Today. The social media giant claims it made the decision because the accounts violated its rules against “dangerous individuals and organizations.” Within the past months, Facebook has been […]
Facebook could have nearly 5 billion dead users by 2100, research claims
Businessam StaffMay 1, 2019
Hundreds of millions of “dead profiles” will be added to Facebook’s network in the next few decades, a study found, raising questions about how the data of the deceased is being handled. Oxford University researchers published a paper that found the dead “may well outnumber the living” on the social media platform before the end […]
Elon Musk: machines that connect to human brain coming soon
Businessam StaffApril 25, 2019
Tech Entrepreneur, Elon Musk has revealed his Neuralink startup is close to announcing the first brain-machine interface which connects humans and computers. The Tesla co-founder took to Twitter to tell followers the technology would be “coming soon” – though he failed to provide further details. Neuralink was set up in 2016 with the ambitious goal […]
British PM approves Huawei role in 5G network
Businessam StaffApril 24, 2019
British Prime Minister Theresa May has given the go-ahead for China’s Huawei to help build a 5G network, shrugging off security warnings from senior ministers and Washington, the Daily Telegraph reported Wednesday. The country’s National Security Council, which is chaired by May, agreed Tuesday to allow the Chinese technology giant limited access to building “non-core” […]
Huawei first-quarter revenue grows 39 percent to $27 billion amid heightened U.S. pressure
Chris IkosaApril 22, 2019
Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the […]
Nigeria’s share trading exchange, NSE, launches campaign to boost investor market participation
Adesola AfolabiApril 4, 2019
Nigeria’s top ranking shares trading exchange, The Nigerian Stock Exchange, Thursday announced it was launching a marketing campaign across different media platforms aimed at providing enlightenment to potential investors and boost their participation in the capital market in the country. The campaign will target potential investors with informative material about the various innovative investment offering at the capital […]
Trump orders crackdown on counterfeit sales online
Businessam StaffApril 4, 2019
President Donald Trump has ordered a crackdown on counterfeit products on third-party online marketplaces, asking for more information on how the United States can better track and curb such sales. In a memo signed by the U.S. president, he said that the value of global trade in counterfeit and pirated goods may rise to half […]
Japan display Inc to supply OLED screen for Apple watch
Businessam StaffApril 3, 2019
Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, according to sources. The supply deal would mark Japan Display’s foray into the OLED display market, the sources familiar with the matter said, declining to be identified because they are not authorized to speak to the […]