Huawei Technologies, the Chinese telecom giant, has reported a more than doubled net profit in 2023 and a 9.6% increase in revenue. This achievement comes despite the stringent sanctions imposed by the United States, showcasing the company’s robust performance and strategic pivot
Canva has acquired Affinity creative software suite, marking a significant challenge to Adobe’s long-standing dominion in the industry. This strategic acquisition sees Canva taking ownership of Affinity Designer, Photo, and Publisher. These applications, compatible with Windows, Mac, and iPad, are seen as
The consulting industry’s biggest players are being forced to rein in their ambitions and streamline operations as client spending slows amidst economic uncertainties. Major firms like Accenture and Deloitte are taking measures to cut costs and recalibrate expectations after an era of
Mitsubishi and seven other companies, including TotalEnergies and Tokyo Gas, will form an international coalition to support the development and production of synthetic fuels, which will contribute to achieving net-zero emissions. Mitsubishi stated that the coalition’s purpose is to promote the production
The US Department of Justice has launched a sweeping antitrust lawsuit against Apple, accusing the tech giant of illegally maintaining a monopoly with its iPhone and iOS ecosystem. The case, joined by 16 states and districts, alleges that Apple uses restrictive policies
BMW announced its first major investment in Romania, a collaboration with Japanese company NTT Data to establish an IT development center in Cluj-Napoca. This strategic partnership aims to bolster BMW Group IT in Europe, focusing on developing IT projects and innovations for
As we edge towards the end of February 2024, the Information Technology (IT) sector continues to navigate through turbulent waters. The recent data from layoffs.fyi paints a concerning picture: since the beginning of January, 182 tech companies have announced layoffs, affecting a
Japan and the UK, two major IT markets, raise questions about the overall health of the global IT market in 2024. Here are some potential impacts to consider: Negative impacts: Possible counterpoints and positive signals: Overall, the impact of Japan and the
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has announced its ambitious plan to construct a second fabrication plant (fab) in Japan. This move comes as a response to rising customer demand and aims to bolster Japan’s position as a leading chip
IBM has recently issued a bold directive to its management team across the United States, stirring up the ongoing debate about the future of work in the post-pandemic era. According to an internal memo leaked on January 16, and later confirmed by