United Technologies to merge aerospace business with Raytheon

WNM | Jun 10, 2019 at 12:42 AM

United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. defense contractor Raytheon Co and create a new company worth more than $120 billion, in what would be the industry’s biggest ever merger.

Ban of Huawei would delay 5G in Europe by 18 months

WNM | Jun 7, 2019 at 12:39 PM

A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months.

FACC sets up a high-tech composite facility in Croatia

WNM | Jun 6, 2019 at 10:41 AM

FACC, the leading Austrian and globally active technology partner of the global aerospace industry, is taking a further important step in its globalization strategy with investments of around 30 million euros in a new production facility in Croatia.

Google and Huawei enter fight over lead in Africa

WNM | May 29, 2019 at 5:05 PM

Google’s decision to withhold its Android software from Huawei is being seen as the beginning of a technology cold war that could compel African countries, the BBC reports.

MSC Matilde incident in Liverpool

WNM | May 28, 2019 at 12:14 PM

Early Friday morning on 24 May, the container ship MSC Matilde was found to be listing in dock at the Port of Liverpool, UK.

South Africa’s Telkom cuts 12.5% jobs, mobile boosts profit

WNM | May 27, 2019 at 10:42 AM

South Africa’s Telkom SA has cut 12.5% of the group’s permanent jobs, it said on Monday after posting a 22.6% surge in full-year earnings as upbeat performance in its mobile business offset declines in the traditional fixed-line unit.