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Global Business Review Magazine
Thursday, March 23, 2023
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Court puts sales ban on Ford’s internet linked cars in Germany

Ford sells shares in EV maker Rivian for $214 MLN

A German court has put a nation-wide sales and production ban on Ford cars able to establish internet connection. It said this as a part of a lawsuit over the violation of wireless technology patents.

The verdict by the Munich regional court is not legally binding. It said that this can still be appealed, adding a 227 million euro security payment by the plaintiff, Japan’s IP Bridge Inc, was required for it to become provisionally enforceable. The ruling reflects the growing tension between tech firms that want automakers to pay royalties for technologies used in navigation systems, vehicle communications and self-driving cars. This is in their push towards autonomous driving.

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Ford gave a statement that the reason of this court case is the licensing of standard-essential patents for LTE networks. Since they did not yet have received the written opinion of the court, they do not want to comment on this matter at this time.

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Recent News

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

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  • Policy takes the u-turn; BoJ’s yield curve may slip
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  • Normalcy wished to revert to airlines after FFA blackout

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