Despite the quarterly profit unexpectedly higher than forecasts, the IT giant from the US has not been very optimistic lately. The bad news came from over the Pacific: the 5G network was launched in China on November 1. The news of the launch of the Chinese 5G network is truly landmark for both Apple and the entire wireless communications sector. On Wednesday, October 30, the Wall Street Journal...

The net worth of SoftBank’s head Masayoshi Son has decreased by more than $ 5 billion since mid-summer. This is another sign that the Japanese billionaire’s business has not been doing very well in recent months: the collapse of WeWork and other unsuccessful bets have undermined the investor confidence. At the end of July, SoftBank proudly announced that it was creating a new investment fund and...

Manufacturer of copiers, scanners, printers Xerox may acquire its competitor HP. According to The Wall Street Journal, citing its own sources, the company's board of directors discussed the possibility of such a deal on Tuesday, November 5, but has not yet made a final decision. The market value of HP is about $ 27 billion, which is almost three times the value of its competitor. According to...

Saudi Arabia has officially announced plans to conduct an IPO of its state-owned oil and gas company Saudi Aramco. According to the report, the shares of the world's largest integrated company will be offered on the Saudi Arabian stock exchange, Tadawul. The offering price and the final number of shares to be offered will be determined at the end of the application collection period. The offer...

EHang startup has become the first Chinese company to receive permission from the country's authorities to organize unmanned air passenger traffic. How highly will American investors rate this achievement? Chinese company EHang, which plans to launch the first unmanned aerial taxi service, on Thursday October 31 notified the U.S. Securities and Exchange Commission (SEC) of its intention to place...

The US Department of Justice is conducting an investigation into the US-based Under Armor equipment and sportswear manufacturer, The Wall Street Journal reported citing sources. The department suspects the company of manipulating financial statements, according to which the company tried to seem more developed. Sources said the investigators conducted an interrogation in Baltimore, where the...

WhatsApp and its owner Facebook filed a lawsuit in California court against Israeli high-tech company NSO Group and its owner Q Cyber Technologies. The messenger accuses the Israeli company of a hacker attack against about 1.4 thousand users in order to spy on them and gain access to correspondence. WhatsApp believes that human rights defenders, lawyers and opposition figures from several...

Apple reported quarterly revenue growth by 2%; the sum amounted to $ 64 billion. Profit fell by 4% compared to last year, to $ 13.7 billion, AFP reports. Apple is getting ready to launch a new streaming TV service this week, and reports a significant revenue growth in the service segment, which includes music, digital payments and software products, as well as the accessories segment. Chief...

The Estonian Prosecutor’s Office and the Central Criminal Police are investigating the case of the Estonian branch of the Swedish bank Swedbank, Postimees newspaper writes . The case of alleged money laundering and the provision of false data to financial supervisors in 2011-2017 was opened in July, but this only became known today, the newspaper notes. According to the information available at...