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Borje Ekholm, the Chief Executive Officer (CEO) at Ericsson (NASDAQ: ERIC), said that the 5G penetration is rapidly gaining momentum. He said that during a recent interview with Bloomberg Markets: European Open. Ericsson’s CEO Sees Dramatic Acceleration of 5G Demand Mr. Ekholm explained that this ‘drastic’ acceleration of the demand for 5G is primarily driven…
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According to the Open Banking Report 2019, more than 87% of the countries currently have some form of Open APIs in place, reaching over 10,000 institutions around the world. This shows that Open Banking is becoming a robust phenomenon that is being replicated across borders. Report Shows Open Banking Progress As per the Open Banking…
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Apple (NASDAQ: AAPL) stock price rose to an all-time high after experiencing a huge selloff at the beginning of the years. The stock price jumped close to 60% from the 52-weeks low of $140 a share. AAPL shares are experiencing sustainable growth since the start of this year. The upside momentum is supported by investors’…
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The leading cryptocurrency exchange Binance has launched a new P2P trading functionality against the Chinese Yuan (CNY). The cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Binance Launches New P2P Trading Services Binance, one of the largest and best cryptocurrency exchanges in the market, is launching new P2P services for users. According to…
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Prominent Chinese shopping websites recently sent Houston Rockets products to ghost mode after the team’s general manager shared his opinions on the Hong Kong protests. JD.com, Alibaba (BABA) and its two sister websites- Taobao and Tmall have stopped featuring the team’s merchandise altogether. NBA team manager’s opinions become the issue Alibaba and JD.com are two…
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HSCB (NYSE: HSBC) could be eliminating as many as 10,000 jobs to reduce costs. This is according to a recent report released by the Financial Times (FT) on Sunday. This new plan to reduce employees comes in addition to the 4,700 job cuts announced back in August this year. HSBC Announces New Job Cuts HSBC…
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Tesla Inc. (NASDAQ: TSLA) decided to expand into the Canadian market purchasing the battery manufacturing company Hibar Systems Ltd. Reports show the whole purchase procedure took place between July and October. A “Million-mile Battery” The main reason behind the recent acquisition is related to the intention of enhancing its battery manufacturing efforts and improve its…
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Nike (NYSE: NKE) stock price hit an all-time high after presenting a robust outlook for fiscal 2020. It’s stronger than expected first-quarter results are adding to investors’ sentiments. It is among the top-performing stocks in the Footwear & Accessories industry. Its shares soared 25% year to date to an all-time high of $94. Nike Stock…
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Lululemon (NASDAQ: LULU) stock price rallied more than 50% this year, extending the three-year upside momentum to 220%. The shares have breached $200 mark at the beginning of last month and notched an all-time high of $204 a share. The stock price is currently trading slightly below $200 level. Fortunately, its stock is likely to…
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The annual revenue of Alibaba Group for 2019 was CNY 376,84 billion ($54.5 billion U.S. dollars) and is getting closer to CNY 500 billion. This is according to a recent report released by Statista informing the annual revenue of the Alibaba Group in the fiscal year ending on March 31, 2019. Can Alibaba Surpass CNY…
