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Xiaomi lifts investment in 5G, AIoT to USD 7 bln
2020-01-03 10:31:00| Telecompaper Headlines
(Telecompaper) Xiaomi wants to put at least CNY 50 billion (USD 7.18 billion) over the next five years into 5G and AIoT to ensure its lead in the field, CEO Lei June said in his New Year's address to the company. The money is an increase from last year's investment goal of CNY 10 billion under the company's 'All in AIoT' plan. "This is to ensure we win this new smart era," Jun said.
Tags: investment
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Next lifts profit forecast after Christmas sales boost
2020-01-03 09:49:11| BBC News | Business | UK Edition
The High Street chain says it enjoyed better-than-expected sales growth over the key trading period.
Tags: sales
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Leviathan Gas Field To Start Up After Israel Court Lifts Injunction
2019-12-19 15:13:56| OGI
Rescinding a Dec. 17 injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathans emissions, in its start-up phase, could prove dangerous.
Symantec lifts dividend after Q4 in-line with lowered expectations
2019-12-13 09:53:00| Telecompaper Headlines
(Telecompaper) Broadcom, which completed its buy of Symantec for USD 10.7 billion in November, has now increased its quarterly dividend by 23 percent sequentially to USD 3.25, after reporting revenues in line with expectations and record profitability for the full year despite a challenging market backdrop, CEO Hock Tan said. The company had lowered its revenue guidance in June by USD 2 billion on "anticipated headwinds from wireless", and namely on the back of export restrictions to one of the company's largest customers, Huawei. Looking ahead to 2020, it sees revenues going back somewhat to their previous expected levels, to USD 25 billion, plus or minus USD 500 million, up 11 percent from the fiscal year 2019 at the midpoint of guidance. Adjusted EBITDA is expected to expand by over USD 1 billion to USD 13.75 billion, plus or minus USD 250 million.
Tags: expectations
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Alberta Lifts Curtailment On New Oil Wells To Boost Economy
2019-11-08 16:18:33| OGI
Alberta introduced mandatory production curbs beginning on Jan. 1 this year to reduce a glut of oil in storage and shore up prices.
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