MILAN (Reuters) – The number of high speed fibre optic broadband lines in Europe is expected to more than double over the next six years from last year’s levels as the COVID-19 pandemic accelerates demand for faster internet services, a study showed on Thursday.
High speed fibre will pass 202 million houses in the European Union and Britain by 2026, up from 88.1 million in 2019, according to a joint report by consultancy firm IDATE and industry group FTTH Council Europe.
Houses passed is an industry term meaning the potential number of premises a service provider could connect to high-speed fibre optic broadband.
Germany, Britain and Italy are among countries expected to experience significant growth in the number of homes passed in 2026 compared to 2019, with Germany expected to see 730% growth, Britain 548% and Italy 218%.
According to the forecasts, the number of subscribers in the EU and
The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers
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Personal messaging software startup Aampe on Tuesday announced it has raised $1.8 million in seed round from Sequoia Capital’s Surge, a scale-up program for startups in southeast Asia and India. The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers.
The venture capital firm Sequoia Capital has recently announced the names of 17 startups including Aampe that will receive early-stage funding under its fourth cohort Sequoia Surge programme, Surge 4. The programme included startups across a wide range of sectors including edtech, fintech, SME tech, dev tools, consumer, healthtech and B2B marketplaces.
Founded by Paul Meinshausen, Sami Abboud and Schaun Wheeler in
(Bloomberg) — Xiaomi Corp. fell as much as 4.2% Wednesday after disclosing internet services revenue grew at its slowest pace in three years, prodding investors to cash in gains from the Chinese smartphone maker’s 2020 rally.
China’s No. 2 smartphone maker reported overall revenue rose 34.5% to 72.2 billion yuan ($11 billion) in the September quarter, its fastest pace of growth in two years. It grabbed market share from Huawei Technologies Co. when American sanctions deepened particularly in overseas markets from Europe to India, which yielded more than half of its revenue for the first time. But internet services like music and video grew just 8.7%, down from the previous quarter’s 29% as the Covid-19 boom in Chinese online activity tapered off.
Several brokerages cut their price targets on Xiaomi, citing its 140% run-up since the start of 2020 and warning that investors may be underestimating Huawei’s ability
Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020.
David Paul Morris | Bloomberg | Getty Images
Amazon said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the Covid-19 pandemic has given to e-commerce in South America’s largest economy.
The new units are already operating in the states of Minas Gerais and Rio Grande do Sul and the capital city of Brasilia.
They increase the number of Amazon logistics centers in Brazil to eight, expanding its reach to all corners of the vast country.
The expansion, which adds 75,000 square meters (807,000 square feet) of distribution space, is Amazon’s biggest since it began operating in Brazil in 2012. It will create 1,500 direct jobs, the company said in a statement.
Alex Szapiro, Amazon’s chief executive in Brazil, said the new centers will allow the company to immediately raise
Telepresence robots are experiencing a boom in demand during the pandemic, several robotics companies reported, not just from businesses and hospitals but for classrooms, too.
Users can drive the robot around the room, control its “neck” to look up and down the room, flash lights to speak up, and zoom to read small text from afar — tools perfect for hands-on teaching and learning.
Florida mother Maggie Vo said her four-year-old daughter’s Ohmni robot has helped keep her engaged, while Temple University professor Amy Caples has been able to keep her media performance class running smoothly while taking care of her 98-year-old mother.
Though the robots can be pricey, many companies are planning on offering leasing options and building cost-efficient options.
The next generation of telepresence robots will have more autonomous features, including extra motion sensors, passenger mode, and arms to turn light switches on and off.
The US Presidential election is over – although the vote counting is not. On the trading day following November 3, Apple surged 4%. This was the stock’s fourth best day since May.
Why did shares perform so well, as the results of the election remain highly uncertain? Also, could the stock continue to climb, possibly towards its all-time high of around $135 per share?
It was probably not about policy at first…
I wrote a couple of days ago about how Apple shares, contrary to my initial suspicion, tend to underperform in the month and year following a US Presidential election.
To be fair, I also explained that the lack of traction may have much more to do with coincidence than politics (see video above). In either case, judging by historical trends alone, November 4 was an atypical day for Apple.
I suspect that the market’s knee-jerk reaction to bid
Uber Technologies shares surged higher Wednesday, as did its ride-sharing rival Lyft Inc. , as early indications from a ballot initiative in California suggest the two companies can continue to treat their drivers as independent contractors.
California voters look to have passed Proposition 22, the most expensive ballot initiative in the state’s history, by a 58% to 42% margin Wednesday, enabling Uber, Lyft and other so-called ‘gig economy’ companies to allow drivers and delivery workers to set their own hours. Passing Proposition 22 will override a 2019 law that classified the drivers as employees of the San Francisco companies.
The win also relieves the burden of offering healthcare, unemployment insurance and minimum wage salaries from gig economy companies, who had argued such cost would lead to job cuts and price increases.
The shares of Nio Inc (NYSE:NIO) are up 4.7% to trade at $34.88 at last check, and earlier hit an all-time high of $35.28. And while the Tesla (TSLA) competitor is already enjoying an astounding 1,936.8% lead year-over-year lead — with support from the 40-day moving average for the past several months — a historic bullish signal now flashing suggests even more upside may be in store for NIO in the coming weeks.
More specifically, the stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past. According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have only been two other times in the past five years when the stock was trading within 2% of a 52-week high, while its Schaeffer’s Volatility Index (SVI) sat in the 20th percentile of its annual range or lower — as
(Reuters) – PayPal Holdings Inc beat Wall Street estimates for quarterly revenue and profit on Monday, boosted by a surge in digital payments as COVID-19 lockdowns worldwide drove more businesses online, but it forecast current-quarter profit below expectations.
Shares of the digital payments processor fell more than 6% in extended trade.
For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv.
PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global