GENEVA ( International Desk ) For the first time since 2009, the value of global imports of information and communications technology (ICT) goods declined in 2015 by 3.6 percent in current prices to just over $2 trillion (Chart 1). Whereas the 2009 decline was connected to the 2008 global economicRead More →
Successful trial of multiple and advanced 4.5G/LTE-A 3GPP standardized features demonstrates operator’s evolution toward next generation network technologies Higher throughput enabled compared to existing technologies to address rapidly increasing data traffic and improve customer experience RIYADH Saudi Arabia (PRESS RELEASE ) Nokia and Zain Saudi Arabia today announced the successfulRead More →
REPUBLIC OF KOREA ( MEDIA REPORT ) South Korean prosecutors have secured a warrant and made the arrest of Lee Jae-yong, Samsung’s vice-chairman and expected successor to his father of the group. He was arrested on charges of bribery in connection with the high-profile corruption scandal in Korea surrounding PresidentRead More →
ISLAMABAD ( MEDIA REPORT ) ZTE warned expected US trade sanctions imposed on the company are likely to hit its financial results, and a settlement could result in a fine. The US government hit the China-based vendor with sanctions in March last year after the company allegedly breached the country’sRead More →
GENEVA ( PRESS RELEASE ) Global flows of foreign direct investment (FDI) fell 13% in 2016 to an estimated $1.52 trillion as global economic growth remained weak and world trade volumes posted anemic gains, according to the latest UNCTAD Global Investment Trends Monitor. “FDI recovery continues along a bumpy road.Read More →
ISLAMABAD ( PRESS RELEASE ) Prime Minister Muhammad Nawaz Sharif met with Chairman of Alibaba Group Mr. Jack Ma today in Davos, Switzerland on the sidelines of the 2017 World Economic Forum. Mr. Jack Ma said that they have a lot of interest in investing in Pakistan. They have closelyRead More →
ISLAMABAD ( MEDIA REPORT ) The Norwegian Competition Authority is considering imposing a fine of 906 million kroner (US$105 million) on Telenor for what it says is the operator’s abuse of its dominant market position in Norway. According to the Authority’s statement, Telenor failed to give rival Network NorwayRead More →
ISLAMABAD ( MEDIA REPORT ) A former Ericsson executive has reportedly handed documents to the U.S. SEC alleging that the vendor paid out a huge number of bribes between 1998 and 2001 in order to secure contracts. Ericsson has distanced itself from the allegations, suggesting any blame lies with rogueRead More →
ISLAMABAD ( MEDIA REPORT ) Global Internet is coming. Big tech companies, including Facebook, Google, and Microsoft, are in the race of bringing Internet connectivity to unconnected parts of the world through wireless devices, flying drones, high-altitude balloons, and laser beams. But, SpaceX founder Elon Musk has big plans for bringing low-cost InternetRead More →
LAHORE (MEDIA REPORT ) An Arab parliament member raised ‘azan’ (call to prayer) in the Knesset (Israeli parliament) in a bid to protest against a controversial bill which could bar mosques from using loudspeakers for delivering call to prayer (azan) in occupied East Jerusalem. Ahmad Tibi, member of the Knesset, raised theRead More →
ISLAMABAD ( MEDIA REPORT ) Apple stores are officially selling refurbished Mac, iPad, iPhone, iPod, or Apple TV up for sale. Refurbished iPhones means to renovate, redecorated, or redesigned iPhones. If you are planning to buy Apple product but on a tight budget, you might consider buying these products. AppleRead More →
NEW DELHI: ( MEDIA REPORT ) In a nightmarish scenario for airport authorities, IGI’s air traffic control(ATC) suffered a reported systems failure on Tuesday evening. The trouble began around 6pm and prevented the ATC radars from giving flight details of all the blips — each representing an aircraft coming in to land at DelhiRead More →