Microsoft has announced an agreement to sell its feature-phone business to FIH Mobile, a subsidiary of Taiwan-based electronics giant Foxconn, and another entity called HMD Global, Oy for around $350 million.HMD Global was founded out of Finland in 2015, and initially it looked like it was a business vehicle of sorts set up to help facilitate the Microsoft transaction — Finland, if you remember, is home to Nokia, the former mobile phone giant that sold its core hardware assets to Microsoft two years back.Today marks the beginning of an exciting new chapter for the Nokia brand in an industry where Nokia remains a truly iconic name, said Ramzi Haidamus, president of Nokia Technologies.So while Nokia still harbors ambitions to be a big mobile brand, it will have to rely on others much more than it once did — you may remember the company launched an Android-powered tablet in China back in 2014, well, that was under a similar arrangement as to what it will be doing now moving forward.This is where HMD Global comes into play — it s a new private company seemingly founded under Nokia s volition to build a new wave of mobile devices, replete with the Nokia brand.The venture is actually being run by CEO Arto Nummela, formerly of Nokia and the head of Microsoft s Mobile Devices business in Greater Asia, Middle East, and Africa, as well as Microsoft s soon-to-be-sold feature phones business.Nummela will be aided by President Florian Seiche, who currently serves as senior vice president for Europe sales and marketing at Microsoft Mobile.We don t yet know what these devices will look like, but we do know that HMD plans to invest around $500 million over the next three years to support the marketing of Nokia-branded devices, which HMD says will be funded via its investors and profits from the acquired feature phone business.
Back in 2011, unable to cope with competition from Android and iOS, Nokia famously switched to Windows Phone as the operating system for its smartphones.Now Nokia Technologies has granted HMD global Oy -- a new company based in Finland -- exclusive rights to make Nokia-branded mobile phones and tablets for the next ten years.HMD plans to spend $500m over the next three years to support the global marketing of Nokia-branded mobile phones and tablets, funded via its investors and profits from the acquired feature phone business.After the deal with Microsoft is completed, Arto Nummela will become HMD's CEO: he has previously held senior positions at Nokia and is currently the head of Microsoft's mobile devices business for Greater Asia, Middle East and Africa, as well as heading up Microsoft's global Feature Phones business.Branding has become a critical differentiator in mobile phones, which is why our business model is centered on the unique asset of the Nokia brand and our extensive experience in sales and marketing."HMD is owned by Smart Connect LP, a private equity fund managed by Jean-Francois Baril, a former Nokia executive, as well as by HMD management.
The federation of service providers and software vendors will begin stocking its virtual shelves from June 7Xavier Poisson, Hewlett Packard Enterprise's vice president for hybrid IT in Europe, Middle East and Africa, at a meeting for Cloud28 partners near Amsterdam on May 19, 2016Cloud28 , the cloud services federation backed by Hewlett Packard Enterprise, now wants to help you install enterprise applications, not just choose them from its catalog.The federation plans to open its new App Center for business later this summer, and will begin stocking its virtual shelves on June 7 with the opening of an App Onboarding Center.Once strictly an open source, OpenStack shop, it is now embracing Microsoft Azure, VMware, Ormuco and Docker.One of the advantages of Cloud28 for participating service providers operating in only one country is that it makes them more visible to independent software vendors from other countries looking for new distribution channels, said Khaled Chaar, managing director of German cloud service provider Pironet NDH.Although many applications are already cloud-ready, for a typical business the 20 percent or so of the applications it uses that aren't cloud-ready are probably the most valuable, industry-specific ones, he said.Making it easier to move those to the cloud will present significant advantages, he said.
Utilities will be among the sectors rushing to keep their fast-growing Internet of Things IoT systems safe from hackers will drive growth in the IoT security market by 55% between 2016 and 2020, according to a new study.The report by MarketResearchReports.biz entitled Global Internet of Things Security Market 2016-2020 found that IoT security will be driven by such end-use industries as automotive, healthcare – and especially utilities.During the forecast period, the utilities sector is expected to drive the demand from the market with highest adoption of IoT security solutions, the report media release stated.Gartner predicted worldwide expenditures on IoT security will grow by 24% this year to $348 million, then grow to $547 million in 2018 and to $841 million in 2020.These included: Nokia, NetComm Wireless, Palo Alto Networks, Cisco Systems, Intel, Broadcom, Sierra Wireless, Secure Crossing, Systech Solutions, Sophos, IBM, Gemalto, Kore Wireless, Numerex, Rockwell Automation, Symantec, Infineon Technologies, Axeda Machine Cloud, Fortinet, Eurotech, Tofino, Ventus Wireless, Digi International, Ericsson and Telit.The geographic scope of the report covered such regions as: the Americas; Europe, the Middle East and Africa; and the Asia Pacific region.
View photosMoreA magnifying glass is held in front of a computer screen in this picture illustration taken in Berlin May 21, 2013.Qatar National Bank, the largest lender in the Middle East and Africa by assets, said last month it was investigating an apparent security breach of data posted online this week that revealed the names and passwords of a large number of customers.A FireEye spokesman said Qatar National Bank was not one of the "several banks" in the Middle East where researchers had found the malware.He did not identify which banks and which countries were affected.He said the malware had reported back to the hackers' servers, indicating at least some of the banks had been infected.Once opened, the malicious email attachments gather information on the user's system, including network configuration data, user and administration passwords and software running on the bank's computers.
News: Lab will be based in Dublin and focus on EMEA financial services market.Deloitte is launching a Financial Services Blockchain Lab as the business advisory firm develops its fintech initiative 'The Grid'.The idea is to help FS better understand and embrace the trends that are affecting it.In essence the lab is serving as a centre of excellence in blockchain, it will work alongside teams from other member firms across EMEA, such as the London-based UK Blockchain team.The companies; BlockCypher, Bloq, ConsenSys, Loyyal, and the Stellar Development Foundation, are working collaboratively with Deloitte to provide new technological capabilities to its global financial institution client base.Increasingly technology is being adopted to rejuvenate the services that are being offered to customers but structural changes to how services are delivered will be what enables them to reduce costs and increase agility.
BRUSSELS Reuters - Online retailers would be banned from stopping a customer in one EU country buying from a website based in another, under a proposal issued on Wednesday to make it easier for consumers to shop across the bloc.It would not initially apply to copyright-protected items such as e-books, music and games, although those might be included soon, the Commission said.So for the time being a German citizen would still be unable to buy a Spotify subscription in, for example, Estonia, where it is much cheaper.The music industry welcomed the exemption, saying that to include such services in the geoblocking proposal would be "a serious blow for cultural diversity.""The European Commission is doing the right thing by helping solve practical problems faced by online businesses, particularly small and medium sized businesses," said eBay's' Paul Todd, Senior Vice President of EMEA Europe, Middle East and Africa .In a separate proposal, the EU executive sought to increase the transparency of prices for cross-border parcel delivery and to give national authorities the power to assess whether they are affordable.
While many of Motorola's mobile devices, like the iconic RAZR or the Moto X, were well received, the company somewhat failed to become profitable.Barely a few years after Google acquired it, Motorola was sold off again, this time to PC giant Lenovo.It reported double digit growths in emerging markets of Asia Pacific, EMEA, and Latin America.Lenovo saw both Chinese and North American markets affected by the move.It is still pushing for an open market in China, especially with its new ZUK brand, which patterns its business after Xiaomi's direct consumer relations.As for the rest of the world, it will try to get back its US business back on track, perhaps leveraging the Motorola brand that is more familiar on that side of the world.
Uber Technologies Inc. and two executives were fined by a French criminal court over claims the company s UberPop ride-sharing unit broke the law before the service was suspended.The court fined the company and executives a total of 850,000 euros $960,000 , half of which was suspended, at a hearing in Paris Thursday.UberPop allows anyone with a vehicle and driver s license to offer a taxi service, in contrast with Uber s main chauffeured-car service that requires registration with authorities.The judge said in the ruling that the company was aware of the country s laws, but still operated the service illegally for months.The head of Uber s French operations, Thibaud Simphal, was fined 20,000 euros while Pierre-Dimitri Gore-Coty, the company s general manager for Europe, the Middle East and Africa, was fined another 30,000 euros."We stopped UberPop last summer and we are still disappointed by this judgment, a spokesman for the company said in a text message.After raising $3.5 billion from Saudi Arabia s sovereign wealth fund this month, Uber is pursuing its international expansion, dueling with powerful local rivals -- like Didi Chuxing in China-- as well as seeking to appease regulators.Founder Travis Kalanick met with European lawmakers last month to discuss Uber s role in helping cities fix problems like traffic, parking, and having too many cars on the roads.The company faces similar regulatory issues throughout Europe.Just over an hour after the Paris ruling, a German appeals court refused to overturn a ban on the UberPop service in the country.
View photosMoreA taxi passes by an advertisement for the Uber car and ride-sharing service displayed on a bus stop in Paris, France, in this March 11, 2016 file photo.REUTERS/Charles Platiau/FilesPARIS Reuters - A French court fined Uber Technologies UBERL.UL 800,000 euros $907,000 on Thursday for running an illegal transport service with non-professional drivers and slapped smaller fines on two of its executives in the first such criminal case in Europe.It was the first time executives from the world's most valuable venture-capital backed startup had gone on trial, although the company has become embroiled in many legal battles as it has expanded to 60 countries since its founding in 2009.It also found Pierre-Dimitri Gore-Coty, director for Europe, Middle East and Africa, and Thibaud Simphal, the company's manager in France, guilty of deceptive commercial practices and being accomplices in operating an illegal transportation service.They had faced a possible maximum sentence of five years in jail and a 1.5 million euro fine.The company's problems in Europe have led it to shift its focus to its service staffed by professional drivers in black sedans, which has grown rapidly in France and now employs about 10,000 drivers.
Image copyrightA court in France has fined the app-based taxi firm, Uber for running an illegal transport service that used non-professional drivers.Legal battlesThe French Parliament voted to outlaw UberPop and other similar services in 2014.It followed pressure from licensed taxi drivers that accused UberPop of unfair competition because it used non-professional drivers.Uber has been involved in many legal battles since it was founded in 2009, and expanded worldwide.Pierre-Dimitri Gore-Coty, Uber's director for Europe, Middle East and Africa was fined €30,000 and Thibaud Simphal, the company's manager in France was fined €20,000, with both of them ordered to pay half.In a statement it said "We stopped UberPop last summer and we are disappointed by this judgment.
If one Facebook VP s prediction comes true, it ll be all video within the next five years.Nicola Mendelsohn, the company s VP for Europe, the Middle East and Africa, told Fortune s Most Powerful Women International Summit in London today that Facebook will be definitely mobile in five years and predicted that it will be probably all video, too.Though she didn t give any specific numbers, Mendelsohn confirmed that Facebook users are posting less text-based status updates and more media.If we look already, we re seeing a year-on-year decline on text, she said.Mendelsohn told the summit audience that she thinks video offers a better way to tell stories, and she predicted that 360 video — another product Facebook has been pushing heavily lately — will eventually move beyond being a novelty.You can reach Matt via email using our Contact page.
Echoing CEO Mark Zuckerberg s sentiments toward visual media, Facebook s Nicola Mendelsohn made the revelation at a conference in London on Tuesday.The best way to tell stories in this world, where so much information is coming at us, actually is video, stated Mendelsohn, who heads the company s operations in Europe, the Middle East, and Africa.Mendelsohn added that virtual reality, and 360-degree videos fields that Facebook has waded in to will soon be commonplace, reports Quartz.We re seeing a year-on-year decline of text…If I was having a bet I d say: video, video, video, she stated.As we pointed out in the latest chapter of our ongoing feature on the history of social networking, live-streaming and video functionality is now integrated into the biggest social media platforms.Additionally, Snapchat — one of the fastest growing social apps — is primarily reliant on visual messaging.
The amount of text being posted on Facebook is declining, according to one of the company's executives, who believes the social network will "probably" be "all video" within the next decade.Nicola Mendelsohn, vice president for Facebook in Europe, the Middle East, and Africa, said video content on Facebook is growing more quickly than the company ever anticipated.When asked at Fortune's Most Powerful Women International Summit in London where Facebook would be in a half decade in terms of mobile and video, Mendelsohn said: "If I was having a bet, it'd be video, video, video.""Daniel Goodman/Business Insider Mendelsohn, who has built her career in the advertising and marketing industries, used a series of figures to back up her argument.Facebook's daily video views have gone from 1 billion to 8 billion over the course of a year.The social network's new live video feature is also "a bigger, faster phenomenon" than Facebook expected, Mendelsohn added.Live videos receive ten times more comments than pre-recorded videos, Mendelsohn said, adding "engagement is much higher.
Quartz reports Facebook s Nicola Mendelsohn, who heads up its operations in Europe, the Middle East and Africa, telling a conference in London yesterday that in five years Facebook will probably be all video .The best way to tell stories in this world, where so much information is coming at us, actually is video, she is quoted as saying.We re seeing a year-on-year decline of text… If I was having a bet I d say: video, video, video, Mendelsohn added.But of course, much like the arena in The Hunger Games, Facebook s walled garden is an environment entirely under its own control.After all, Facebook is not getting ready to retire Messenger is it?Thinking about it, perhaps Instant Articles would have a more natural home within Facebook s messaging apps, where people already spend most of their time reading other people s words.
Image: GettyThe death of the written word continues apace, as a Facebook exec predicted the site would probably be all video within the next five years.Speaking at Fortune s Most Powerful Women International Summit, Nicola Mendelsohn, Facebook s vice president for Europe, the Middle East, and Africa, pointed out that video has taken off more quickly than anyone imagined.That said, whoever is genuinely surprised by that maybe wasn t on the internet when almost a million people watched a watermelon being blown up.In contrast, the amount of text posted on the site is going down, fueling everyone s hand-wringing fears over impending illiteracy.On the one hand, the idea of Facebook as all-video or, worse, fancy live-streaming site should strike fear into everyone s heart.Mark Zuckerberg hosted his first Facebook Q yesterday and was forced to deny important allegations that he is a secret lizard person.
The death of the written word continues apace, as a Facebook exec predicted the site would probably be all video within the next five years.Speaking at Fortune s Most Powerful Women International Summit, Nicola Mendelsohn, Facebook s vice president for Europe, the Middle East, and Africa, pointed out that video has taken off more quickly than anyone imagined.That said, whoever is genuinely surprised by that maybe wasn t on the internet when almost a million people watched a watermelon being blown up.In contrast, the amount of text posted on the site is going down, fuelling everyone s hand-wringing fears over impending illiteracy.On the one hand, the idea of Facebook as all-video or, worse, fancy live-streaming site should strike fear into everyone s heart.Mark Zuckerberg hosted his first Facebook Q yesterday and was forced to deny important allegations that he is a secret lizard person.
Nicola Mendelsohn, vice president for Facebook in Europe, the Middle East, and Africa, predicts the platform will be "all video" within five years.Facebook has been seeing a "year-on-year decline of text posts ", Mendelsohn said during Fortune's Most Powerful Women International Summit in London on 14 June, suggesting that the written word could be replaced by images and video on its platform within the next decade.She also notes that video content, particularly their new live video feature, has been growing at a much faster pace than the company initially expected.However, she said Facebook will not eliminate text completely, saying "you'll have to write for the video".Since the launch of Facebook Live in 2015 to take on rivals such as Periscope and Meerkat, the streaming platform has sky-rocketed in popularity with numerous live videos garnering millions of views in a single day, from the exploding watermelon to the Chewbacca Mom video.When a Quartz writer asked the executive whether the social media giant has been pushing video content over text, Mendelsohn said the shift has been user-driven and organic.
Uber's CEO Travis Kalanick says the company is profitable in its developed markets even beyond the US, but those profits are being immediately reinvested in winning the war in China.In an interview with the Financial Times, Kalanick said the company is making money in North America, Australia, and its EMEA Europe, Middle East, and Africa region.However, whatever "profits" Uber is generating is going right back into the unprofitable markets, notably, Asia.Of those, the Chinese company claims it's profitable in half.Still, Uber is spending heavily, having recently raised a $2 billion credit line and brought in $3.5 billion from an investment from Saudi Arabia's sovereign wealth fund."We are number two in China, which means that we still have a ways to go," Kalanick said.
Spending on cloud infrastructure in Europe is on the up.A quarter of IT infrastructure spending in Europe is now going to building public and private cloud systems.According to IDC, infrastructure spending -- which it defines as servers, disk storage, and Ethernet switch -- for public and private cloud in Europe, the Middle East, and Africa EMEA grew by 17.6 percent year-on-year to $1.3bn in the first quarter of this year.The analysts said that cloud-related infrastructure spending is likely to reach $10.7bn by 2020 -- nearly half of the total market.In contrast, spending on traditional infrastructure will be stagnant "if not declining", said Kamil Gregor, research analyst in IDCs European Infrastructure Group.However, despite the cloud hype, three-quarters of spending on infrastructure still goes on internal projects.