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...It has argued that the tie-up would produce a stronger competitor among card networks. Discover’s is the smallest after Visa, Mastercard and American Express....
...Discover is a rarity in that it operates both as a card issuer and a payments network....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Griggs will also scrap the “trust solutions” and “consulting solutions” brands in favour of “assurance” and “advisory”. Tax accounted for 26 per cent of the US firm’s revenue before the split....
...“We saw that with 5G, it becomes much more important to do [chip development] in-house than it used to be,” said Freddie Sodergren, Ericsson’s head of technology and strategy for business area networks....
...Ericsson has scored a significant victory over rival Nokia after US giant AT&T selected the Swedish group for the rollout of a new kind of 5G network, in a deal that will shake up the equipment supply chain...
...Companies such as Huawei and Nokia say it should be ready to roll out in the early 2030s. Both the US and China are determined not to let the other gain an advantage....
...And this is the right time to swoop. Spirent’s stock has been in freefall....
...The 5G rollout was particularly strong in the US from 2019. And both Nokia and Ericsson gained market share. The stocks rose, too, although Ericsson trailed Nokia....
...Discover is a combined credit card payment network and card-issuing bank. It ranks fourth as a network behind the titans Visa, Mastercard and American Express....
...Ericsson’s boss is under pressure after revelations that the group could have paid terrorist group Isis in Iraq led to action by US regulators and a big share sell-off....
...The ability of companies to tap into cities’ networks of roadside cameras, traffic lights and other inner-city infrastructure, as well as widespread 5G coverage and digital mapping, is already underpinning...
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...And obviously, it impacts Virtu, it impacts all of our clients, et cetera. . . . Liquidity is like water, it finds its level. People want market-based solutions....
...On the other, telecoms groups, such as Qualcomm and Nokia, that invented and control the standard essential patents, or SEPs, which allow all kinds of gadgets to access the 5G and Wi-Fi networks that they...
...“We need to weather those wet periods and help us get through the dry periods.” Dams are one solution. The country’s large dams can currently store about 4 cubic kilometres, de Waal says....
...from the three firms in its network that had taken private equity money....
...Yet the addition of Discover’s card network, the fourth largest in the US, could strengthen a competitor to industry leaders Visa and Mastercard, Capital One has said....
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...Nokia said the move would delay its plan to reach double digit operating margins in its mobile networks division by up to two years....
...Previous competition cases, such as the EU’s complaint against Google over comparison shopping, took years to resolve as the two sides haggled over technical solutions....
...Spirent also tests 5G and WiFi networks, “internet of things” devices and cloud computing networks....
...The indictment, which was unsealed in a California federal court on Wednesday, alleged that Ding “began secretly uploading trade secrets that were stored in Google’s network” between May 2022 and May 2023...
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...The US economy added over 350,000 jobs in January, and the details of the report looked healthy, too....
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