Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to

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Flipkart Banking On Fintech To Boost The Big Billion Days Sale

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Flipkart has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than before.

Through these partnerships, the company is offering affordable credit options through seventeen leading banks, NBFCs (non-banking financial companies) and fintech players on the platform, which will drive credit accessibility for over 70 million customers.

Flipkart has partnered with State Bank of India (SBI) and SBI Card to provide a 10 per cent discount to their debit and credit cards holders.

“At Flipkart, customer-centricity is at the heart of all our endeavors, as we create increased shared value for all our stakeholders and partners in

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WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.

The ruling by the World Trade Organization arbitrators, which could inflame Trump administration criticism of the Geneva-based body, amounts to one of the largest penalties handed down by the WTO.

It comes a year after another ruling authorized the United States to slap penalties on EU goods worth up to $7.5 billion – including Gouda cheese, single-malt whiskey and French wine – over the bloc’s support for Boeing rival Airbus.

Now the EU can have its own turn at trade punishment, and has already been considering which American products it could target. A preliminary list that

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NASA efforts had a $65 billion economic impact last year, agency report shows

NASA’s first economic impact report suggests that the agency generated nearly $65 billion in economic impact during fiscal year 2019, with much of that activity coming from the Artemis program to return astronauts to the moon by 2024.



NASA's Space Launch System rocket, or SLS, is just one piece of the agency's "moon to Mars" initiative.


© Provided by Space
NASA’s Space Launch System rocket, or SLS, is just one piece of the agency’s “moon to Mars” initiative.

The agency released the report (which covers the period between Oct. 1, 2018 to Sept. 30, 2019) as it continues negotiations for its fiscal 2021 budget. That 2021 budget request by the Trump administration calls for a 12% increase for the agency to $25 billion, including a substantial contribution to Artemis for a planned 2024 astronaut landing on the moon. That budget has not been approved yet, as both the House and Senate continue markups of their versions of the bill. On Sept. 30, the Senate averted a government shutdown

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Digital Publishing Market to reach USD 64.83 billion by 2024, Adobe Inc. and Alphabet Inc. Emerge as Key Contributors to growth| Technavio

Technavio has been monitoring the digital publishing market and it is poised to grow by USD 64.83 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005379/en/

Technavio has announced its latest market research report titled Global Digital Publishing Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

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Twilio surges 6% after it agrees to acquire Segment for $3.2 billion

Jeff Lawson, co-founder and CEO of Twilio, launched his business during the recession.
  • Twilio surged to record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.
  • “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said.
  • The deal is expected to close in the fourth quarter of 2020.
  • Visit Business Insider’s homepage for more stories.

Twilio hit record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.

Segment is a data platform that provides businesses with a unified customer view “to better understand customers and engage more effectively,” Twilio said.

“By joining forces and applying our customer data platform to Twilio’s engagement cloud, we’ll be able to make the entire customer experience seamless from end-to-end,” Segment

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$2.3 Billion Microphone Market – Global Forecast to 2025: Escalated Demand for Modern Microphones for Use in Smart Wearable Devices

DUBLIN, Oct. 12, 2020 /PRNewswire/ — The “Microphone Market with COVID-19 Impact by Technology (MEMS, Electret, Other), by MEMS Type, by Communication Technology, by Application (Automotive, Consumer Electronics, Industrial, Medical, and Sensing), & by Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The microphone market was valued at USD 1.8 billion in 2019 and is projected to reach USD 2.3 billion by 2025; it is expected to grow at a CAGR of 7.9% from 2020 to 2025.

Traditionally, all major applications such as consumer electronics, automotive, industrial, and medical involved the use of electret microphones (ECMs). However, with time, micro-electro-mechanical systems (MEMS) technology has become quite popular. It is used to create miniaturized integrated devices that combine mechanical and electrical elements.

The size of MEMS devices generally ranges from a few micrometers to millimeters, based on their applications. The fabrication process of MEMS devices

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$17.6 Billion Laser Technology (Solid, Liquid, Gas and Others) Market – Global Forecast to 2025

The “Laser Technology Market by Type (Solid, Liquid, Gas and Others), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Laser Technology Market Size is Expected to Grow from USD 11.7 Billion in 2020 to USD 17.6 Billion by 2025, at a CAGR of 8.6%

Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.

Solid type lasers to hold the largest size of Laser technology market during forecast period

The market for solid lasers accounted for the largest size in 2019. A solid laser is the one that consists of an active medium in the solid form. The active medium in a solid laser comprises a glass or crystalline host material, which is

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Amazon Prime Day Kicks-Off Holiday Shopping Projected To Hit $9.9 Billion

Holiday 2020 will be an extended shopping season starting with Amazon’s
AMZN
Prime Day on October 13th and 14th. Many other retailers will be following suit to compete for the customer’s dollars over the two-day period. Last year Amazon Prime Day raked in $6.93 billion worldwide from 124 million U.S. Prime users (up almost 11% from the previous year). For 2020, the projections are sales of $9.91 billion worldwide from more than 142 million U.S. users, surpassing 50% of the US population.

Andrew Lipsman, principal analyst of eMarketer, said in an interview,” Prime Day is a coordinated industry-wide event with other retailers planning promotions to compete with Amazon for shoppers’ attention.” The value of each shopping

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Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book.



Warren Buffett wearing a suit and tie: Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs' 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook


© REUTERS/Rebecca Cook
Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs’ 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook

  • Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.”
  • The famed investor and Berkshire Hathaway CEO also touched on railroads, his annual shareholder letters, his retirement plans, and his company’s future in the interview with the co-executive chairman of The Carlyle Group.
  • Scroll down to read Buffett’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett gave investing advice to investigative journalist

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