UK to agree on restricted 5G role for Huawei, to impose market cap

China is apparently pushing ahead aggressively with the rollout of 5G networks in the UK. Chinese telecom major Huawei is currently being considered as one of the strongest contenders, with Nokia, Ericsson, and ZTE as competitors. Accordin....

Apple inks multi-year chip supply deal worth $15B with Broadcom

iPhone maker Apple is expected to launch a range of 5G-compatible products in the near future. This promises to provide firms who design wireless components an excellent opportunity to gain new business and supply components that are compat....

ServiceNow acquires Loom Systems to enhance AIOps capabilities

US-based enterprise cloud computing company ServiceNow has reportedly acquired Israeli AIOps firm Loom Systems. The acquisition will help ServiceNow expand its AIOps capabilities to offer customers more in-depth knowledge of their digital o....

Anexinet to help eMoney enhance Software-as-a-Service capabilities

Ongoing advances in financial technology or fintech are enabling businesses to navigate risks while cutting costs. In today’s dynamic era, digital transformation is positively impacting the financial services industry and it promises ....

BAE Systems buys military GPS, radio businesses from US defense firms

Technologies such as GPS and tactical radios are increasingly gaining prominence in modern warfare and play a critical role in countless military operations. British aerospace & defense contractor BAE Systems is reportedly buying Colli....

Uber sells its food delivery business in India to local rival Zomato

With the food tech battle in India heating up, it appears that ride-hailing giant Uber is exiting the food delivery business. The company had been in advanced talks to sell its food delivery platform Uber Eats to local rival Zomato for quit....

Huawei to use TomTom’s location services on future smartphones

Huawei’s dispute with the U.S. government has apparently forced the Chinese smartphone giant to explore alternatives. Reportedly, the company has inked a deal with Netherland’s TomTom to supply location services for Huawei&rsqu....

UK EV startup Arrival secures $110 M investment from Hyundai & Kia

Even as electric vehicles continue to take the consumer market by storm, automakers are now shifting focus to delivery vehicles to give EVs a boost. In fact, delivery vans are becoming increasingly considered as the “trojan horse&rdqu....

Global 5G firms create new forum to enhance 5G interoperability specs

The proliferation of the fifth generation wireless technology has been disrupting the networking domain increasingly by the day. Prominent members of the global cellular industry are becoming more and more focused on undertaking several ind....

Hyundai launches first Genesis SUV to reinforce market share in the US

Hyundai Motor has launched its first sport-utility vehicle (SUV) under the Genesis brand recently. Genesis brand, which was an initiative taken by Euisun Chung, had been spun off in 2015 with an aim to revamp the value-for-money image of th....