Ericsson Sees Software as Key to Unlocking 5G’s Potential

Sweden’s Ericsson said on Wednesday that it partnered with Deutsche Telekom to offer software tools for developers and business customers, allowing telecom operators to get more revenue from 5G. The new software will help developers create utterly new use cases based on

Heineken Leaves Russia, Takes $320 Million Hit

Dutch brewer Heineken on Friday announced it was pulling out of Russia after selling its operations there to the Arnest Group, the largest Russian manufacturer of cosmetics, household goods, and metal packaging. Heineken said it would incur a total loss of about

Adyen’s Slowdown in North America Weighs on Earnings

Shares in Dutch payments processor Adyens fell by over a quarter on Thursday after its first-half earnings missed analysts’ estimates and the company’s medium-term targets. It cited slower growth in North America, ongoing hiring costs, and rising inflation and interest rates, which

Global Accounting Giants Expand to India’s Tier-2 Cities

The world’s major accounting firms are investing in new Indian facilities away from bigger cities as global demand for cheaper back office operations grows and smaller towns move up the economic value chain. Traditionally, large multinational corporations have rushed to India’s biggest

Oil Markets Juggle Supply Cuts and Economic Headwinds

On Tuesday, oil prices were little changed as traders weighed supply cuts by the world’s biggest oil exporters against a sluggish global economic outlook. Brent crude futures were up 2 cents to $77.71 a barrel by 0945 GMT, while U.S. West Texas

Saudi Bank’s Bid to Take Over Credit Suisse Falls Short

A top shareholder ruled out adding to its stake in troubled Credit Suisse, deepening the Swiss bank’s crisis amid market turmoil that has roiled markets. The chairman of Saudi Arabia’s largest lender said his institution could not raise its 9.9% stake because

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