Samsung to close mobile phone factory in China

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Source: Dukascopy Bank SA
Samsung Electronics is planning to shut down its mobile phone manufacturing factory in China's Tianjin amid plunging sales in the world's largest smartphone market, as competition with the local lower-cost rivals rise.
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Wed, 12 Dec 2018 21:23:54 GMT

US-Israeli tech firm Optibus attracts $40M in funding round

On Wednesday, the US-Israeli mobility technology firm Optibus announced it had attracted $40M in a private round of funding led by the private equity fund Insight Venture Partners.

Wed, 12 Dec 2018 20:32:51 GMT

ABB holds talks with Hitachi over power grids deal

ABB has entered talks with the Japanese group Hitachi over the Swiss engineering firm's power grid business it is considering to sell, as the company seeks focusing on more profitable subsidiaries.

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