Rihanna launching new Fenty fashion line LVMH

  Rihanna, one of the best-selling music artist worldwide, has teamed up with LVMH to create luxury clothing and footwear brand, making the largest luxury group by revenues. Luxury brands like Christian Dior, Dom Perignon Champagne and Sephora owner said the new brand of ready-to-wear shoes and accessories would be named Fenty ready for spring…

Facebook has chosen London as the hub for WhatsApp payments

  Facebook has chosen London as the centre for a push into payments on its WhatsApp messaging service monetising fast-growing platform. The App which has 1.5bn users globally, will expand its workforce by a quarter  and hiring of over 100 people with most additional staff  will be in London and Dublin. Facebook said it chose…

US 5G ban fails to dent Huawei revenue

The Shenzhen-based Huawei’s first quarter revenue rose 39 per cent from the previous year to Rmb179.7bn (£21bn), suggesting US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth. Although Australia and Canada have joined US in blocking Huawei kit several European countries have effectively rowed…

Apple and Qualcomm settle after two years of patent disputes

Apple and Qualcomm have decided to drop all ongoing litigation and settle their royalty disputes by reaching an agreement on global patent license and chipset supply. The Trump administration’s  vision of finding a national technology front runner for the forthcoming wave of 5G wireless communication may be coming true. Qualcomm’s legal settlement with Apple this…

Huawei, Samsung reveals folding smartphones costing  £1987

Huawei  and Samsung are in a race to persuade customers  they need to spend around £2000 for new type of folding smartphones Mate  X with an 8-inch display  at Mobile World Congress in Barcelona. Mr Richard Yu of Huawei CEO claimed it was “the world’s fastest folding 5G phone”, because of its in-house processor and…

Shares in Snap soared 26 per cent

Shares in Snap, maker of the Snapchat messaging app soared 26 per cent at the start of Wall Street trading after the firm said last night it had arrested a fall in users on Apple device and drew a series of favourable reviews from analysts for its progress with a new Android app. The targeting…

Apple in the process for fixing eavesdropping Face Time bug

Apple Face Time software  has a major flaw acknowledged by Apple, which allowed for brief eavesdropping –even if the recipient did not pick up and in some cases the target iPhone could send video without the receiver’s knowledge. Apple’s status page shows it has disabled the ability for users to make group calls on Face…

Huawei posts 21 per cent increase in revenue to $109bn for 2018

Huawei, despite  “malicious incidents”  from US the UK, Australia, New Zealand and Japan who raised security concerns about supplier, has posted  21 per cent increase in revenues to $109bn for 2018. Guo Ping, Huawei’s current rotating Chairman said the Chinese telecoms equipment maker had secured 26 5G contracts this year said  ” We must not…