Globaldata Share Discussion Threads

[littleredrooster] 14/9/2019 14:28

Sounds impressive but perhaps Google can influence the outcome of such awards.

2:52 am - 14 Sep 2019

Stephen B. Streater

Blackbird

A prestigious award from IBC for blackbirdcloud:

Out of 1700 exhibitors at IBC, Blackbird has been selected as one of 6 to watch. Come and see the world's fastest and only cloud native video editor at the Google booth (EO1, Hall 14).

[littleredrooster] 09/9/2019 21:16

Blackbird is the only co-exhibitor focused on cloud video editing

littleredrooster 25 Aug '19

"Blackbird (formerly Forbidden Technologies) current market value £32m. So one must wonder about the extent of Google's collaboration."

9 September 2019

Blackbird plc

"Blackbird selected to exhibit alongside Google Cloud at IBC in Amsterdam later this month for the full duration of this major trade show. Blackbird is the only co-exhibitor focused on cloud video editing."

[littleredrooster] 06/9/2019 17:55

There is a huge black market for copper cable



Cu in Hell: Thousands internetless after copper thieves pinch 500m of cable in Cambridgeshire

Openreach network targeted for second time in 2 weeks

By Kat Hall 6 Sep 2019 at 12:00

Thieves have stolen 500 metres of Openreach's copper cable in Cambridgeshire, leaving thousands of people without broadband or a working telephone.

This is the second time the area has been targeted in a fortnight by what appears to be an organised criminal gang. According to Cambridge News, cables were vandalised towards the end of last month affecting more than 3,000 residents.

The stolen cables, which were thought to be worth around £10,000, were later found dumped near Cottenham with the copper stripped from them.

An Openreach spokesman said: "Our network has been damaged again in Cambridgeshire, which is really disappointing. Around 500 metres of our underground cable has been taken and we understand how frustrating this must be for people living there who are now without a telephone and broadband service.

"Our engineers are already working on the repair and we'll get this done as quickly as possible. We're working closely with Crimestoppers and ask people to be extra vigilant and report any suspicious activity to the police."

There is a huge black market for copper cable, costing the economy an estimated £1bn per year.

It also poses a big problem for the railways: British Transport Police reported an 85 per cent increase in the crime last year, when a Network Rail worker was arrested for stealing £10,000 worth of cable from a depot.

Openreach is estimated to have 75 million miles (121 million kilometres) of copper cable. The broadband provider pegs its combined copper and fibre network to be 173 million km long – enough to go round the world 4,316 times.

BT is working with the charity Crimestoppers, the National Crime Agency, British Transport Police and Network Rail to tackle the problem. It is also dangling a cash reward of up to £1,000 for any information that leads to a prosecution. ®

34 comments

[littleredrooster] 28/8/2019 14:53

Personally, I wouldn't refer to a fall of 0.7% as a plunge. Seems to me as more like a normal daily fluctuation.



LONDON MARKETS: Pound Plunges As Boris Johnson's Bid To Suspend Parliament Raises No-deal Brexit Fears

28/08/2019 1:01pm

Dow Jones News

"The pound plummeted on Wednesday as British Prime Minister Boris Johnson set out plans to suspend Parliament, slashing MPs' hopes of blocking a no-deal Brexit.

The move would see Parliament suspended for five weeks before returning on Oct. 14--less than three weeks before Britain's scheduled departure from the EU on Oct. 31.

Sterling plunged 0.7% to $1.2201 and was the world's worst-performing currency on Wednesday morning."

[littleredrooster] 27/8/2019 17:38

In 2022, OTT video subscriptions will surpass pay-TV subscriptions



Video streaming emerges as the killer app for 5G in the US

August 23, 2019

The 5G era is set to drive the next wave of growth in video streaming, with 78 percent of U.S. consumers indicating they will expand this activity as they adopt the next-generation wireless standard in smartphones and home-networking solutions, according to a survey conducted by IHS Markit Digital Orbit.

When asked to name which types of activities they are likely to increase due to the arrival of 5G, consumers ranked video streaming first, ahead of video calling, social media, mobile gaming, virtual reality and augmented reality. As a result, the deployment of 5G will help cause video usage to grow to account for 70 percent of mobile network traffic in 2022, up from 47 percent in 2015.

“The promise of faster video streaming through 5G is generating enormous enthusiasm among consumers,” said Joshua Builta, senior principal analyst for IHS. “Interest is particularly high for those younger than 50, with 81 percent of survey respondents in that age range citing video streaming as the top activity for 5G. Consumers are expressing strong interest in video streaming both on smartphones and for home internet services, which are equally supported by 5G.”

Smartphone streaming moves to 4K

Current 4G wireless services already provide sufficient performance to support most types of video content commonly streamed today. As a result, 5G’s largest impact will be felt in emerging areas of the market.

One of these areas is 4K ultra-high definition (UHD) video. The 5G standard enables 4K on mobile platforms because of its increased capacity and speed. When coupled with the growing demand and supply of 4K UHD content, the proliferation of 5G will help drive mobile consumption of UHD content.

The 5G standard will also be critical to promoting the consumption of general live video. This is particularly true for sports and live events, where lower latency and higher speed and bandwidth are critical.

Home 5G promotes video streaming

In parallel with the trends in the smartphone market, US consumers are expressing intense interest in engaging in 5G video streaming via home internet access.

While often regarded purely as a mobile technology, the 5G standard also supports fixed wireless access (FWA) in the home. However, unlike fixed solutions such as DSL, cable or fiber, 5G FWA uses wireless mobile network technology to extend internet access into homes.

Most consumers say they are attracted to 5G FWA by its faster speeds. The average speed of broadband connections in the US in 2018 was about 35 megabits per second. In contrast, 5G can theoretically operate at up to 1 gigabit per second, although initial deployments will be much slower.

Survey respondents cited streaming of video, both prerecorded and live, as the most compelling reason to upgrade home internet service. A total of 74 percent of those surveyed named video streaming as the chief motivation for upgrading to 5G in the home.

This phenomenon is not surprising as IHS Markit forecasts that global over-the-top (OTT) video subscriptions will pass the 1 billion mark in 2021, up from 620 million at the end of last year. In 2022, OTT video subscriptions will surpass pay-TV subscriptions.

[littleredrooster] 12/8/2019 21:17

Bolton Says U.S. Strongly Backs Brexit Even if No EU Deal Is Reached

Date : 12/08/2019 @ 20:37

Source : Dow Jones News

By Vivian Salama

LONDON -- President Trump's national security adviser said he told British Prime Minister Boris Johnson the administration would strongly support the United Kingdom's exit from the European Union in late October -- deal or no deal.

John Bolton was the highest level U.S. official to meet with Mr. Johnson during a visit Monday to London. Mr. Bolton held meetings with the country's new government looking to kick-start trade and defense talks and convey the administration's support amid uncertainty about what Britain's exit from the EU would look like.

Mr. Bolton told reporters that if Mr. Johnson decided to exit from the EU without a deal on Oct. 31, "We are supporting that enthusiastically." He said he told British officials: "That's what i'm trying to convey. We're with you, we're with you."

Mr. Johnson's rising threats to take Britain out of the EU with or without a deal by the Oct. 31 deadline have increased the once-remote prospect of a no-deal Brexit. Officials on both sides have revived planning aimed at reducing disruption ranging from information campaigns, planning of emergency transport for essentials like medicines to accelerated hiring of customs officers.

A spokesperson for Mr. Johnson said he joined a meeting at Downing Street between senior officials and Mr. Bolton, in which they discussed "the close U.K.-U.S. trading relationship and our shared commitment to an ambitious free-trade agreement once the U.K. leaves the EU."

Mr. Trump has been an outspoken advocate for Britain's exit from the EU and criticized former Prime Minister Theresa May over her handling of talks. The negotiations are in their third year following a referendum in which British voters narrowly backed leaving the EU.

Mr. Trump has repeatedly praised Mr. Johnson, suggesting he would do well as Britain's head of government. Messrs. Trump and Johnson also spoke by telephone Monday -- their third conversation in less than three weeks since Mr. Johnson became prime minister. The two men are scheduled to meet later this month in France at the Group of 7 summit.

Adhering to the wishes of the Brexit referendum "is a statement about democratic rule and a statement of government," Mr. Bolton said. "That's important for Britain but important for the United States too."

The EU has said the separation deal reached with Mr. Johnson's predecessor, but rejected by U.K. lawmakers three times, isn't up for negotiation.

Mr. Bolton said that British officials were hoping for a "sector-by-sector" focus on trade discussions, with their priorities focused on financial services and some aspects of trade, such as manufactured goods.

Write to Vivian Salama at [e-mail]

[littleredrooster] 12/8/2019 20:46

Huawei reveals own operating system HarmonyOS ahead of Android ban

August 12, 2019

Huawei has officially announced HarmonyOS, the operating system developed to replace its reliance on Android.

The Chinese tech giant said the operating system, a microkernel-based distributed OS, can be used in everything from smartphones to smart speakers, wearables, and in-vehicle systems to create a shared ecosystem across devices.

The operating system will be released as an open-source platform worldwide to encourage adoption.

Although the Chinese tech giant said it would continue to use Android, if the US continued with sanctions it had a fall-back plan. Huawei has launched its new HarmonyOS

The software, known as Hongmeng in China, isn’t really a direct replacement for Android, according to Richard Yu, who heads its consumer business group.

“HarmonyOS is completely different from Android and iOS. It is a microkernel-based, distributed OS that delivers a smooth experience across all scenarios,” Yu said.

The microkernel design refers to minimising the amount of software interacting with the hardware of the computer devices to keep things secure and fast.

The operating system, which is the software that allows apps to run, will effectively be the same across different consumer devices manufactured by Huawei – including smartphones – and potentially those developed by other companies too.

Google revoked Huawei’s license to use Android on it smartphones back in May in compliance with sanctions issued by the White House.

Although the White House issued a temporary reprieve to the export blacklist which prevented Google from providing Huawei with its licensed version of Android, that is set to expire later this month.

Although the Chinese smartphone maker could continue to use an open-source version of Android on its phones, these devices would not receive security updates or access to the Google Play app store.

The market for HarmonyOS will be based in China, but Huawei stated it would seek to expand to the global market after the foundations were laid at home.

154 people are talking about this

[littleredrooster] 08/8/2019 14:24

The fate of such a deal is largely in US hands



UK Steps Up Efforts for a Trade Deal With US

08/08/2019 9:19am
Dow Jones News

By WSJ City

British Prime Minister Boris Johnson's government launched a charm offensive in Washington this week in a bid to secure a trade deal with the US quickly after the UK leaves the European Union.

KEY FACT

--- British law makers met with members of the Trump administration to lay the groundwork for a deal.

--- British Foreign Secretary Dominic Raab met with President Trump on Wednesday.

--- After his meeting, Raab said the UK government is aims to complete a bilateral agreement with the US.

--- Trade Secretary Liz Truss met with US Trade Representative Robert Lighthizer earlier in the week.

--- British officials hope more contentious aspects, such as position of the NHS could be settled and fleshed out at a later date.

--- The UK is also seeking trade deals with other countries, including Canada, which Raab visited on Tuesday.

Why This Matters

The fate of such a deal is largely in US hands. A quick deal could limit the US's ability to use a trade deal to pry open access to other parts of the UK market, including government procurement, access to Britain's National Health Service and relaxing British agricultural standards.

The UK has already held six meetings with US officials to lay the foundations of a trade a deal. However, under EU rules, the UK isn't allowed to sign one until it has formally left the bloc. The British government is considering ignoring this restriction, say people familiar with the matter, a strategy that would risk harming relations with the bloc.

A fuller story is available on WSJ.com

[littleredrooster] 05/8/2019 12:29

Annual revenues in the global cloud infrastructure market are expected to roughly triple over the next three years to $133 billion

To put this in context, Berkshire Hathaway's cash pile has reached a record $122bn.

[littleredrooster] 01/8/2019 14:29

Annual revenues in the global cloud infrastructure market are expected to roughly triple over the next three years to $133 billion, led by AWS and Microsoft's Azure cloud business



Amazon Reigns Over Cloud Market

30/07/2019 11:48pm
Dow Jones News

By Angus Loten

Amazon.com Inc. continues to dominate the market for basic computing resources that companies access online, largely by outspending its rivals on data centers and other physical resources, corporate tech executives and industry analysts say.

Annual revenue from Amazon Web Services, or AWS, grew 27% last year to $15.5 billion, representing nearly half of the $32.4 billion in total revenues generated by providers in the global cloud infrastructure market, Gartner Inc. said in a report this week.

Microsoft Corp., its closest rival, captured roughly 15% of the market, up from 12.7% in 2017. No other cloud provider broke 10%, the report said.

By moving to the cloud, companies are outsourcing their computing needs: Cloud infrastructure services use their own data centers to provide companies with the raw computing components they have traditionally run in costly in-house data centers. This includes servers, storage, networking and other hardware that cloud-services companies offer on a pay-as-you-go basis.

"AWS is a dominant leader in this space because of their size and scale, " said Chris Smith, vice president of cloud architecture at Unitas Global LLC, a Los Angeles-based hybrid cloud-services company that is a customer of AWS. He said AWS has "built an incredible ecosystem to support the variety and scale of needs required by their customers."

Amazon's position shows that "scalability matters" for chief information officers and other senior enterprise information-technology managers choosing a cloud infrastructure vendor, Gartner vice president Sid Nag said in a research note.

"Right now, AWS is the furthest in terms stability, scalability and product set," said Fred Lee, chief technology officer at online auto dealership Cars.com, an AWS customer.

Amazon, a cloud market pioneer, on Tuesday launched a network of new data centers in Bahrain, raising the total number of what the company calls "availability zones" to 69 across 22 geographic regions. Each zone contains interconnected data centers. The sheer scale of Amazon's network of data centers provides users with ready and reliable access to secure computing power.

The company said it plans to build nine new zones in Indonesia, Italy and South Africa.

The expansion is aimed at meeting the rising demand from business customers for the computer capacity needed to deploy artificial intelligence, data analytics and other advanced capabilities, the company said.

AWS customers include large companies such as Dole Food Co., Hess Corp. and McDonald's Corp., as well as thousands of startups and small businesses.

Annual revenues in the global cloud infrastructure market are expected to roughly triple over the next three years to $133 billion, led by AWS and Microsoft's Azure cloud business, according to Forrester Research.

Amazon last week reported $8.4 billion in sales by AWS in the latest quarter, a 37% increase from the year-earlier period. Operating income in its cloud-computing business rose 29% to $2.1 billion, the company said.

Part of Amazon's dominance in the market is simply the result of deep pockets, Forrester says. It estimates that AWS spends billions of dollars every quarter building new data centers or expanding existing ones. Apart from Microsoft, most cloud-market challengers are struggling to keep up as Amazon pours more cash into its physical resources, according to Forrester.

"We manage millions of customer interactions every day, so we need the ability to scale our IT environment," said Zviki Ben-Ishay, chief executive and co-founder of Lightico Ltd., a Tel Aviv- and New York-based startup that uses AWS to develop customer collaboration software for contact centers.

Scale was also a key factor for Kevin Freiburger, director of identity programs at Valid SA, an identity management and biometric matching software maker based in Rio de Janeiro. He said the company chose AWS for a recent job to update Vermont's driver's license issuing system because its giant data-center network is able to automatically scale as demand increases, among other factors.

"Our projects are a massive software undertaking and require instant access to infrastructure," Mr. Freiburger said. "We do not have time in a 12-month project to lose three months preparing the data center so that we can start deploying software," he said.

Write to Angus Loten at [e-mail]

[littleredrooster] 29/7/2019 10:12

We look forward to the second half of 2019



GlobalData PLC Unaudited Interim Report

29 July 2019

GlobalData Plc

Unaudited Interim Report For The Six Months Ended 30 June 2019

"Revenue growth drives further margin improvement"

Financial Highlights

-- Enhanced visibility on revenue, improved margin and strong operating cash flow.
-- Group revenue increased by 18% to GBP88.5m (2018: GBP75.0m).
-- Organic revenue growth (1) of 10%.

-- Deferred revenue (7) increased by 15% to GBP77.2m (30 June 2018 restated: GBP67.2m), which represented 13% organic growth.

-- Adjusted EBITDA(2) increased by 53% to GBP22.3m (2018: GBP14.6m), with margin of 25.2% (2018:19.4%).

-- Adjusted profit before tax(4) increased to GBP19.4m (2018: GBP12.6m). Statutory profit before tax of GBP5.2m (2018: loss GBP4.2m).

-- Cash flow from continuing operations increase of 97% to GBP34.1m (2018: GBP17.3m).
-- Interim dividend increase 43% to 5.0 pence per ordinary share (2018: 3.5 pence).

Operational Highlights

-- Our financial results demonstrate our progress towards becoming a world leading data and analytics business, with a proven business model.

-- Continued product investment has focused on an enhanced user interface and integration of additional data sets and tools within our multi-industry platform, to give our clients a richer experience with greater insight.

-- Integration of the Research Views businesses has been successful and our shift to a single product platform and centralised operating model is now complete.

Mike Danson, Chief Executive Officer of GlobalData Plc, commented:

"The first half results reflect the product development and integration since the acquisition of Research Views in April 2018. Our vision of creating a differentiated world-class product, that is integral to professionals across the world's largest industries, has been consistent throughout our development.

We look forward to the second half of 2019 in which we expect to further leverage the GlobalData platform, and we do so on the back of some very encouraging metrics in the first six months. Our results demonstrate the focus we have placed on our business model fundamentals and show the Group at an inflection point with further accelerated growth and margin improvement expected across the medium term."

[littleredrooster] 20/7/2019 15:04

Blackbird current valuation £20m. Invest at your own risk. Anyway, it's a good read.



Blackbird Plans Launch into Video Distribution

The firm is best known for postproduction, but its underlying compression technology is being commercialised to solve latency and buffering in live streaming

By Adrian Pennington
Posted on July 17, 2019

"Blackbird, a developer of cloud-native postproduction tools, is moving into video distribution. Blackbird Player is built around core compression technology originally devised three decades ago by R&D director Stephen Streater. The player is likely to debut in prototype at IBC in September.

"We know video streaming is challenged by latency with recent major sports events streamed live suffering from costly buffering," says Blackbird chief executive Ian McDonough. "We also know that watching video currently is a very passive experience for people, because they can't manipulate content. We have the technology to help solve these needs."

McDonough adds, "Rights holders are frustrated by not being able to allow their fans to clip and share video of a sport. With Blackbird Player, users will have instant access to any part of the video and to be able to share it over social, instantly and securely.""

[littleredrooster] 19/7/2019 14:40

Cloud Lifts Microsoft Revenue To Record -- WSJ

19/07/2019 8:02am
Dow Jones News

By Asa Fitch

"Revenue in Microsoft's cloud-computing businesses, which accounted for about a third of sales in the period, rose 39%. The company's transition to offering customers subscriptions to cloud-based versions of its Office productivity suite and other popular programs has helped propel that growth. So has the popularity of Azure, a cloud service that is second in size only to Amazon.com Inc.'s AWS.

There are no signs that Microsoft's fortunes will reverse anytime soon. Chief Financial Officer Amy Hood told analysts that the current fiscal year should again see double-digit sales growth.

Still, while cloud-computing sales are growing fast, the business also is increasingly competitive. Alphabet Inc.'s Google and China's biggest tech companies are vying for their share. Google last year poached a top Oracle Inc. executive to run its cloud business as it seeks to challenge Azure and AWS. International Business Machines Corp. recently closed its $34 billion purchase of open-source software giant Red Hat, as it gears up to compete for cloud contracts.

Research company Gartner Inc. forecast in April that spending on cloud services would rise nearly 18% this year, topping $214 billion.

AT&T Inc. said Wednesday that it is shifting most internal business applications used by its biggest unit to Azure, in part to cut costs. That came a day after AT&T announced a separate cloud deal with IBM.

Microsoft shares traded up more than 2% after-hours Thursday following the earnings report. Investors have rewarded the company's recent success by pushing its stock to a record close earlier in the week and giving it a market capitalization north of $1 trillion.

Mr. Nadella credited deep partnerships with companies in every industry with propelling Microsoft's strong performance in the latest period.

Since taking over in early 2014, Mr. Nadella has guided Microsoft through a major reorientation of the business, making up for slowing sales of Windows by expanding in other areas. That has put Microsoft back at the pinnacle of the tech industry after years of struggle to find its way as computing shifted to mobile from desktop computers.

The rise of cloud computing has been central to the success of that retooling. Azure revenue in the latest quarter grew 64% from a year earlier, Microsoft said, though the pace has been moderating as the business got bigger."

[littleredrooster] 06/7/2019 13:47

The FCC already has approved nearly 13,000 low-Earth orbit satellites



Chasing SpaceX, Amazon Seeks to Launch 3,236 Internet Satellites

By Todd Shields

5 July 2019, 17:26 GMT+1

* Bezos company asks FCC to approve Kuiper satellite system
* Spacecraft to deliver broadband to millions around the globe

Amazon.com Inc. asked for U.S. permission to launch 3,236 communications satellites, joining a new space race to offer internet service from low orbits and challenge the fleet planned by Elon Musk’s SpaceX.

Amazon in a July 4 filing told the Federal Communications Commission its Kuiper satellites will deliver broadband to tens of millions of consumers and businesses that now lack adequate access to the internet. The agency coordinates trajectories and radio-frequency use.

The FCC already has approved nearly 13,000 low-Earth orbit satellites. Those include 11,943 for Musk’s Space Exploration Technologies Corp., which launched an initial batch of 60 spacecraft in May.

At low-Earth orbit -- altitudes of 112 to 1,200 miles (or about 180 to 2,000 kilometers) -- satellites need to race around the globe to stay aloft, completing orbits in as little as 90 minutes. As one moves toward the horizon it will hand off signal duties to the next satellite coming by. Many satellites are needed if continuous, widespread coverage is the goal.

Amazon in its FCC application said its satellites would operate at altitudes of about 370-to-390 miles (590-to-630 kilometers).

Long-Term Project

Amazon Chief Executive Officer Jeff Bezos last month said the Kuiper project will cost “multiple billions of dollars.” The project is separate from Bezos’s space launch vehicle maker, Blue Origin LLC.

“This is a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet,” Amazon said in a statement in April, when the company’s satellite program first became public in a filing with the International Telecommunications Union.

In its FCC filing, Amazon said it will help serve U.S. communities “by offering fixed broadband communications services to rural and hard-to-reach areas.”

The Kuiper System will help mobile network operators to expand wireless services, Amazon said in its application. It also offered the prospect of “high-throughput mobile broadband connectivity services for aircraft, maritime vessels, and land vehicles.”

Amazon cited FCC studies that say 21 million Americans lack fixed, residential broadband and 33 million Americans don’t have access to speedy mobile service. Worldwide, 3.8 billion people remain without fast and reliable broadband service, according to the application.

— With assistance by Matt Day

[littleredrooster] 27/6/2019 15:00

it has never been forced by a court to pay fines for stealing secrets

That's not quite the same as being innocent.



"Huawei Hits Back at Claims It Steals Secrets

Chinese technology giant Huawei defended itself against allegations that it violates other companies' intellectual-property rights, saying it has never been forced by a court to pay fines for stealing secrets."

[littleredrooster] 24/6/2019 22:05

$100bn European listing and the wrong envelopes were dispatched to shareholders.



South Africa’s Naspers postpones planned $100bn European listing

Administrative error forces group to delay Dutch move until September

Joseph Cotterill in Johannesburg June 21, 2019

South Africa’s Naspers delayed its planned $100bn European listing of global internet assets, which includes a large stake in China’s Tencent, after the wrong envelopes were dispatched to shareholders.

Johannesburg-listed Naspers said on Friday that it would postpone listing what is likely to be Europe’s biggest consumer internet group until September, following the administrative error by an external service provider.

The listing on the Euronext Amsterdam, a landmark in the rise of Africa’s most valuable listed company as a global investor, was originally scheduled for July 17.

Naspers, which also announced results for the year ending in March on Friday, said that the outside company mixed up names and addresses on circulars sent to shareholders ahead of a meeting this month to consider the listing.

“This could in some cases lead to confusion” and the company has delayed the meeting to August “so as to allow all shareholders equal opportunity to fully consider the circular and resolution,” Naspers said.

The listing is aimed at reducing a significant discount in Naspers’ share price that is being driven by the sheer size of its investment in Tencent, which it has held since 2001.

The company’s 31 per cent stake in the Chinese gaming giant — of which it sold a portion last year — has pushed its value to about a quarter of the Johannesburg stock market. South African investors have been forced to sell the stock to cut down on concentration risk as a result.

Naspers plans to retain about 75 per cent of the vehicle, which has been named Prosus, the company said on Friday. It will also include assets such as Russia’s mail.ru and India’s Swiggy as well as internet classifieds.

The free float of about 25 per cent will be offered to shareholders and is also likely to be snapped up by European investors as the company will enter major stock indices. Prosus will have a secondary listing in Johannesburg.

Naspers increased trading profits by 10 per cent to $3.3bn during the 12 months ending in March, a year in which it spun off its African pay-TV arm, MultiChoice, in Johannesburg.

“Naspers enters the 2020 financial year as a fundamentally different group, with virtually all revenues now generated from online activities, and is well positioned as a global consumer internet group,” the company said.

The group invested more than $3bn during the period as it expanded segments including classifieds, food delivery and payments.

Naspers reported $6.3bn in cash after it reduced its Tencent stake for the first time ever last year, and sold a stake in India’s Flipkart.

[littleredrooster] 19/6/2019 15:22

Such risks made Apple management nervious that the risks of placing all its eggs in the same basket were too great and rising

Makes sense to me.



Apple allegedly urges suppliers to move output from China

Caoimhe Toman

19 Jun, 2019

Apple has asked its largest suppliers to consider the cost implications of shifting between 15-30% of their output from China to Southeast Asia, the Nikkei Asian Review reported on Wednesday.

Suppliers urged to consider the costs involved in such a move included Foxconn Technology, Pegatron, Wistron, Quanta Computer, Compal Electronics, Inventec, Luxshare and GoerTek.

Not only was China the manufacturing hub for lion' share of its production, it was also Apple's largest overseas market.

But Trump’s threats to levy tariffs on another $300bn-worth of Chinese goods risked escalating tensions with Beijing and possible reprisals against Apple products. Such risks made Apple management nervious that the risks of placing all its eggs in the same basket were too great and rising.

Hence, even if the trade row with Washington was resolved, Apple was intending to carry through with its plans, several people reportedly told Nikkei.

Among the alternative host countries being considered were Mexico, India, Vietnam, Indonesia and Malaysia, with India and Vietnam the favourites to host future smartphone production, said the Nikkei.

[littleredrooster] 17/6/2019 22:40

Well, this is also nice.

Jun 17 16:30

Globaldata PLC

Share price change +60.00p

% change 8.60%

Share price 760p

Market Cap £777.0m

[littleredrooster] 14/6/2019 21:36

Well, that's nice.

7 hours ago

Globaldata hit an upwards 5 year price breakout.