Last winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment.
The company managed to resolve the conflict before the court. According to informed sources, the dispute is now settled in the United States, Britain, Germany and the Netherlands.
In addition, the two companies signed a patent cooperation agreement. Financial details of the agreement were not disclosed. This agreement implies that one party grants to the other one intellectual property rights to several patents.
According to experts, the agreement between the two companies, will help Ericsson significantly increase their revenues. They predict that the Swedish manufacturer of equipment revenue will rise from 9.9 billion kronor ($ 1.15 billion) to 13-14 billion kronor ($ 1.52-1.64 billion).
Ericsson representative Kalsim Alfalahi said the company is very pleased with the agreement with the American corporation Apple, it will help them to reach a new level in sales, open up new opportunities in production and this agreement will serve as a good start for further close cooperation between the two large companies.
This agreement is concluded for a period of seven years. So the companies not only to resolve the conflict before the court, but has also become a promising business – partners.
After signing an agreement with Apple, Ericsson shares immediately jumped 7% on Monday. Analysts estimate the deal positively, noting that it will increase the income of companies and bring new technologies to the world.
Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]
On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]
The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]
Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]
German automaker BMW will have to withdraw 193 thousand of its cars from the Chinese market. It is reported by Russian news portal Tass.ru with reference to The Xinhua News Agency. According to the original source, the car had to be removed from sale due to security problems: in particular, it is a defect of […]Next
Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]Next
Sales of state-owned distilleries will begin in mid-September. This was reported by Acting Director of the state concern Ukrspirt Serhiy Bleskun on the social network. For professionals in the alcohol industry, privatization does not mean loss of jobs, but rather – new career opportunities, he highlighted. “We have already submitted proposals for 25 of Ukrspirt’s […]Next
The deputies of the Verkhovna Rada of Ukraine (VRU) supported in the second reading a bill amending the law on the abolition of mandatory state registration of foreign investments. For document №2763 on Tuesday, May 31 voted 259 MPs with the required minimum of 226 votes. This bill will help to create the conditions to […]Next
The state owned enterprise Artemsol plans to open logistics centers in Europe, which will give an opportunity to take new markets and increase the volume of sales of products, says the press-service of the enterprise. “We plan to open logistics centers in Ukraine and in Europe. This will solve the problem of deiveries from the […]Next
Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies. Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised […]Next
The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]Next
On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]Next
The Commercial Court of Odessa region initiated a bankruptcy proceeding of the Odessa oil-and-fat production Plant, one of the largest oil and fat enterprises of Ukraine. According to the information of the National Commission on Securities and Stock Market the application of instituting proceedings was filed by Lenintal Ltd. (Odessa region). The reason for initiation […]Next
A recent study by the Law Society of Scotland has shown a 42% pay gap between female solicitors and their male counterparts, despite women representing half of the legal profession in Scotland. The Law Society found that from the age of 36, women are paid a lower salary, on average £18,000 less, than men of […]Next
On October 7, 2016, the protest action was organised by Council of lawyers of the Kyiv city and Lawyers Council of Kiev region took place in Kyiv. Though this action will take place under walls of the Verkhovna Rada of Ukraine. However, the problems to which lawyers will pay attention, don’t concern people’s deputies. It […]Next
According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]Next
Within 10 months of last year, Ukraine had supplied toy glass products (90.6%) in 25 countries, including most EU countries, amounting to $ 4,5mln. It is reported on the Facebook page of Natalia Mykolska – Deputy Minister of Economic Development and Trade of Ukraine. On the EU market it has sold 62.3% of Christmas decorations. […]Next
Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]Next
On June 30, 2016 the State Property Fund of Ukraine (SPF) plans to launch tender for the privatization of the 99, 6% shares of one of the country’s largest manufacturers of chemical products – Odessa Port Plant. “Carrying out of competition for the sale of stock of shares with an open offer of cost on […]Next
The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading. For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 […]Next