Daimler to pay Nokia patent fees, ending German legal spat
Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Every year in licensing revenues, Nokia makes 1.4 billion euros ($1.7 billion). Carmaker Daimler had sued each other in German courts in recent years, with mixed results. Tech firms want automakers […]
Meatpacker JBS says all facilities operating after weekend cyberattack
All of meatpacker JBS SA’s global facilities are fully operational after a weekend. This cyberattack had disrupted much of its North American and Australian operations, the company reported. According to the statement from the company the Brazilian meatpacker’s arm in the United States and Pilgrim’s Pride, a U.S. chicken company mostly owned by JBS, lost less […]
Broadcom forecasts upbeat Current-Quarter sales on 5G ramp up
Broadcom Inc forecast current-quarter revenue above Wall Street expectations, as the semiconductor firm is set to benefit from the rising adoption of 5G technology. As the global rollout of 5G ramps up, strong demand for higher-priced chips used in smartphones will benefit Broadcom. This counts iPhone maker Apple Inc as a major customer in its wireless chip […]
Meituan founder donates $2.27 BLN shares as charity grips Chinese billionaires
The founder of food delivery giant Meituan will donate shares worth about $2.27 billion to his personal charity. This is shown in a stock exchange filing, making him the latest Chinese tech billionaire to make such a gesture. All these donations of shares by the Chief Executive Wang Xing comes as Meituan and other platform economy […]