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1 Article
Source: Reuters

Seizing on Huawei's troubles, Samsung bets big on network gear

16-Feb-2019

Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives.

Those efforts include moving high-performing managers and numerous employees to the network division from its handset unit, two Samsung sources said. Potential customers are taking notice of Samsung’s efforts to reinvent itself as a top-tier supplier for 5G wireless networks and bridge a big gap with market leader Huawei and industry heavyweights Ericsson and Nokia.

1 Article
Source: BBC

Flybmi 'won't be the last' airline failure

Tuesday 09:53 GMT

In two short sentences, Flybmi's announcement that it had collapsed summed up the airline industry's woes: fuel costs, green taxes, Brexit uncertainty, falling passenger numbers.

From Flybmi to British Airways - the potential unravelling of Europe's open skies agreement that has existed for decades is a real worry, Mr Jeans says. It will certainly hinder the ability of some airlines to do deals and offer services if there is uncertainty about their freedom to fly across Europe, he said.

1 Article
Source: BBC

The trouble with China's bet on The Bay

Friday 00:35 GMT

China's ambitious plan to develop the so-called Greater Bay Area is designed to spur the economy, but analysts question whether its lofty goals can be achieved, as the BBC's Ana Nicolaci explains.

Chinese President Xi Jinping last year officially opened a bridge connecting Hong Kong to Macau and the mainland Chinese city of Zhuhai - the world's longest sea crossing bridge - as part of China's plan to connect Greater Bay Area.

1 Article
Source: Common Domain

Walmart’s Success at the Grocery Game Means Trouble for Rivals, Analyst Says

Friday 15:25 GMT

Walmart (WMT) reported upbeat earnings earlier this week, and Credit Suisse ’s Judah Frommer warns that the retail giant’s ongoing success in the grocery section could be problematic for rivals.

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