Apple to follow Samsung with curved screen November 11, 2013 APPLE is developing two new iPhones to be released in the second half of 2014 with larger displays and curved glass screens, according to a report from Bloomberg. Samsung’s Galaxy Round was the first smartphone to feature a curved screen when it was shown off earlier this year, however the firm is yet to give [...]
UK and South Korea commit to doubling trade by 2020 November 6, 2013 Business secretary Vince Cable and South Korea's minister of trade, industry & energy, Yoon Sang-jick, have agreed to double trade and foreign direct investment between the UK and South Korea by 2020. The commitment was made this morning at the inaugural Joint Economic and Trade Committee. Business secretary Vince Cable said: UK goods exports to [...]
IMF’s man is coining it in Greece November 5, 2013 IT’S an interesting way to pay one’s debts. A protester in Greece was detained yesterday for throwing a fistful of coins at an International Monetary Fund representative as he walked into a meeting with the finance ministry in Athens. Poul Thomsen, part of the IMF’s delegation in Greece’s troika of creditors, managed to avoid the [...]
HTC says cost cuts will bring it back to profit November 5, 2013 SMARTPHONE maker HTC said yesterday it plans to slash costs by nearly a quarter and sell cheaper devices in a bid to bounce back to profit between this quarter. Under pressure in a market dominated by Apple and Samsung Electronics, the company warned revenue for the fourth quarter will fall up to 15 per cent [...]
Nokia and Samsung in new five year licensing deal over patents November 4, 2013 SAMSUNG has agreed to extend its patent agreement with Nokia, due to expire at the end of 2013, for an additional five years. Nokia is planning to retain its patent portfolio despite the proposed sale of its phone business next year to Microsoft. According to the deal, Nokia will receive additional compensation from Samsung, starting [...]
Samsung extends patent agreement with Nokia for five years November 4, 2013 Mobile giant Nokia has reached an agreement with Samsung to extend a patent license agreement for five years. The deal which was due to expire at the end of 2013, will see Samsung pay further compensation to Nokia from 1 January 2014. The total amount of compensation will be agreed in a binding arbitration agreement, [...]
Sony slashes profit outlook on bad TV sales October 31, 2013 SONY cut its full-year profit targets yesterday after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. The Japanese electronics-maker’s worse-than-expected performance, a setback after years of striving to return to its former glories, also featured weak sales of video cameras and a steep slump in personal computers in the [...]
What the other papers say this morning – 30 October 2013 October 29, 2013 FINANCIAL TIMES Whitehall slow to pay suppliers Ministers are breaching their own rules on paying government suppliers, according to figures seen by the Financial Times. EU rules say departments must pay firms that have supplied them within 30 days. The Ministry of Defence has had to pay £21,000 in the last year because of late [...]
Wolfson losses keep growing October 29, 2013 AUDIO semiconductor supplier Wolfson Microelectronics yesterday reported growing losses as declining customer sales hurt its bottom line. Revenues fell 17 per cent year-on-year to $43.9m (£27.3m) in the third quarter to 29 September while losses increased to $3m, from $1.6m last year. Wolfson’s customer list includes Samsung and BlackBerry.
What the other papers say this morning – 28 October 2013 October 28, 2013 FINANCIAL TIMES Big Six face challenge over bills Britain’s energy regulator is on course to clash with the “Big Six” power companies this week over the importance of wholesale gas and electricity prices in rising customer bills. Data from energy regulator Ofgem show wholesale prices have been almost flat over the past year, rising by [...]