Latest Telecommunications equipment manufacturing News

FILE - In this Nov. 26, 2019, file photo boxes of televisions fill isles ahead of Black Friday at a Best Buy in Henderson, Nev. Best Buy reports earnings Thursday, Feb. 27. (AP Photo/John Locher, File)

Best Buy posts strong quarterly sales during holiday season

Feb. 27, 2020 11:45 AM EST

NEW YORK (AP) — Best Buy Co. reported strong fourth-quarter results as shoppers bought appliances, mobile phones and tablets during the holiday season. The robust results, announced Thursday, beat Wall Street expectations, and came as many of its big box peers like Target and Walmart had wrestled with...

Finnish minister: EU needs to establish own OS, web browser

Feb. 26, 2020 11:31 AM EST

HELSINKI (AP) — A top Finnish government member wants the European Union to develop its own computer operating system and internet browser to reduce reliance in the 27-nation bloc on tech giants. Finnish Finance Minister Katri Kulmuni said in a speech Wednesday that an EU-developed operating system would...

In this Feb. 17, 2020, file photo released by Xinhua News Agency, workers assemble Audi A6 L cars at a workshop of FAW-Volkswagen Automobile Co., Ltd. in Changchun, northeast China's Jilin Province.Factories that make the world's smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China's economy. But even with the ruling Communist Party promising help, companies and economists say it may be months before production is back to normal. (Zhang Nan/Xinhua via AP, File)

China struggles to revive manufacturing amid virus outbreak

Feb. 25, 2020 10:54 PM EST

BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy. But even with the ruling Communist Party promising help, companies and economists say it may be months before production is back to normal. ...

Top Bangladesh cellphone company pays $117M in legal tussle

Feb. 23, 2020 10:29 AM EST

DHAKA,Bangladesh (AP) — Bangladesh’s leading cellphone operator paid $117 million to the country’s telecommunication regulator on Sunday amid a protracted legal tussle with the government that could result in the loss of its license to operate in one of the world’s fastest-growing...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Asian shares mostly rise despite continuing virus fears

Feb. 18, 2020 11:47 PM EST

TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an outbreak of a new virus that began in China. The Nikkei 225 rose 1.1% in morning trading to 23,453.59 after data for January showed Japan's exports fell less than expected in January....

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares fall in Asia as virus outbreak hits profits, events

Feb. 18, 2020 1:56 AM EST

BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its annual...

FILE - In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)

Apple warns China virus will cut iPhone production, sales

Feb. 17, 2020 5:18 PM EST

CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei...

In this Feb. 25, 2019 photo, attendees walk to enter at the Mobile World Congress wireless show, in Barcelona, Spain. Organizers of the world’s biggest mobile technology fair are pulling the plug over worries about the viral outbreak from China. The annual Mobile World Congress show will no longer be held as planned in Barcelona, Spain, on Feb. 24-27, 2020. (AP Photo/Emilio Morenatti)

Virus worries force cancellation of major tech show in Spain

Feb. 12, 2020 3:56 PM EST

LONDON (AP) — Organizers of the world’s biggest mobile technology fair are pulling the plug over worries about the viral outbreak from China. The annual Mobile World Congress will no longer be held as planned in Barcelona, Spain, on Feb. 24-27. “Global concern regarding the coronavirus...

FILE - In this Feb. 10, 2020, file photo, a cleaner walks through a deserted compound of a commercial office building in Beijing. Chinese authorities are struggling to strike a delicate balance between containing a deadly viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. (AP Photo/Andy Wong, File)

Businesses struggle to fix supply chains disrupted by virus

Feb. 11, 2020 6:01 PM EST

WASHINGTON (AP) — Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. As the death toll from the newly named COVID-19 illness topped 1,000, global supply chains remain widely...