Business

MWC 2016: Zuckerberg Takes Samsung Into A VR Future

It's easy to be cynical about phone launches. Thousands of excited fans - or jaded journalists - pack into grandiose events to be deafened by Coldplay or U2 and hear nervous executives read from an autocue that they are "really...

Ericsson, Nokia Offer Contrasting Timelines For 5G Network Upgrades

Ericsson (ERICb.ST), the world's top supplier of wireless equipment, said on Monday it expects 150 million users to be on next-generation 5G networks five years from now, steering clear of an industry debate over whether network upgrades could start...

HSBC Says SEC Is Probing Its Asia Hires

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HSBC said on Monday it was being investigated by the Securities and Exchange Commission in relation to hiring practices of candidates with ties to government officials in Asia. In a footnote to its earnings statement, the bank said it had...

Jpmorgan May Hold Steady On Cost Target Despite Low Interest Rates

At JPMorgan Chase & Co's (JPM.N) annual investor day on Tuesday, one big question will be at the top of attendees' minds: How can the bank keep a tight lid on costs without hurting its ability to grow revenue? JPMorgan's...

Glo Leads Telecomms’ Market In Internet Subscription

SAN FRANCISCO, February 21, (THEWILL) – The Nigerian Communications Commission (NCC) has named Globacom as subscribers’ preferred choice for internet services, a few weeks after naming it as the leader in new internet subscriber acquisition in the telecoms industry. In...

CPC Chides DStv Over Consumers’ Rights, Orders Compensation And Toll-Free Lines

BEVERLY HILLS, February 21, (THEWILL) – The Consumer Protection Council (CPC) has ordered MultiChoice Nigeria Limited, operators of Digital Satellite Broadcast Television (DStv), to compensate consumers within 90 days and introduce toll-free lines to them According to Mrs. Dupe Atoki,...

China Removes Stocks Regulator Head After Market Woes

China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the...

U.S., Apple Ratchet Up Rhetoric In Fight Over Encryption

The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc (AAPL.O) to comply with a judge's order to unlock the encrypted iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's...

U.S. Overtakes France To Become Germany’s Top Trading Partner

The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an upturn in the U.S. economy and a weaker euro, data from Germany's Statistics Office showed on...

Apple Apologises For Iphone ‘Error 53’ And Issues Fix

Apple has said sorry to iPhone customers whose phones were disabled after third-party repairs, and issued a fix for the problem. Some users found that their iPhone stopped working following servicing by a non-Apple technician and saw an "error 53"...