Tech EU News
I-talk: Portugal’s struggles – italk
Portugal is struggling under the grip of austerity as it battles to get its economy back on track….
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http://www.euronews.com/2013/07/01/portugal-struggling
Portugal is struggling under the grip of austerity as it battles to get its economy back on track.
For the moment there is no indication the centre-right coalition government will change course from its goal of ending the bailout deal by mid-2014.
The country has been described as the ‘good pupil’ for carrying out bail-out demands – but its people are fed up with bearing the brunt of the tough measures.
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Tech EU News
Recent Serbia-Kosovo flare-up will not lead to a real conflict, expert tells Euronews
Leaders of Serbia and Kosovo met in Brussels for another EU-mediated attempt to resolve lingering issues between the two wartime rivalling states that have spiked tensions in the Balkans.
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Tech EU News
Nokia promises more cost cuts
http://www.euronews.com/ Struggling mobile phone maker Nokia has promised it’ll make more, substantial cost cuts after reporting a slightly bigger than expected loss in the first three months of the year. Details of the cuts have yet to be revealed.
Its sales chief is also to leave next month as the sales team is restructured.
The Finnish company said its operating loss was 1.34 billion euros, compared to a 439 million euro profit in the same period last year.
The net loss was 929 million euros from a net profit a year ago of 344 million euros.
Nokia said sales of its new Lumia phones have been mixed as it struggles to compete with smartphone rivals Apple and Samsung.
Chief Executive Stephen Elop said: “We exceeded expectations in markets including the United States, but establishing momentum in certain markets including the UK has been more challenging.”
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Tech EU News
Blackberry to slash 4,500 jobs as earnings tank
Blackberry, the once-mighty smartphone maker, has announced it will be slashing its workforce by up… euronews, the most …
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Tech EU News
Blackberry blues
http://www.euronews.com/ BlackBerry smartphone maker Research In Motion has suffered a devastating setback.
In a move that has the markets questioning its ability to survive the Canadian company has delayed the launch of its next-generation phones until next year so missing both the back-to-school and Christmas shopping periods.
The revamped BlackBerry 10 devices are regarded as make-or-break for the once-dominant technology firm.
Its sales have crumbled in the face of competition from Apple’s iPhone and handsets using Google Android software.
RIM’s shares tumbled as it also reported a steeper-than-expected quarterly operating loss and announced it would slash 5,000 jobs, or nearly a third of its workforce.
The size of the loss, its first in eight years, and the likelihood that sales will keep sliding into next year reinforce the impression of a company in terminal decline.
Industry observers were shocked at the extent of the problems despite years of delayed and uninspiring products, service outages and other embarrassments for RIM.
“It’s like watching a puppy die. It’s terrible,” said analyst Matthew Thornton of Avian Securities in Boston.
“Wow, what a disaster,” said Edward Snyder, managing director of Charter Equity Research in San Francisco. RIM is now in “a handset death spiral,” he said. “From a numbers point of view, it could hardly be worse, and it’s going to deteriorate from here,” he said.
“There’s really no guarantee that once they come out on the other side of BlackBerry 10 that it’s going to be something that people will want,” said Eric Jackson, a hedge fund manager at Ironfire Capital in Toronto.
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Tech EU News
Uniting cultures: Gustavo Dudamel’s Americas tour with the Vienna Philharmonic
From New York to Buenos Aires via Mexico City: The Vienna Philharmonic and maestro Gustavo Dudamel enthuses audiences on their Americas tour, overcoming borders through music.…
READ MORE : http://www.euronews.com/2018/03/22/gustavo-dudamel-s-americas-tour-with-the-vienna-philharmonic
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