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China tech giant Huawei says profits fell 69% in 2022

China tech giant Huawei says profits fell 69% in 2022

Huawei’s profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant’s earnings. The company generated 35.6 billion yuan ($5.2 billion) in net profit in 2022, it said, down 68.7 percent from a record 113.7 billion last year. “In 2022, a challenging […]
March 31, 2023
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Airtel pushes 5G license revenue generation to over $864m

Airtel pushes 5G license revenue generation to over $864m

…walks back into 5G spotlight with $316.7m license acquisition By Prince Osuagwu, Hi-Tech Editor Airtel Nigeria has made up for the costly slip that made it lose out in the 5G auction of December 2021 by quickly grabbing the opportunity when it called again late last year. And, to seal its position as one of […]

January 11, 2023
Sony, Honda showcase brand-new electric vehicle, Afeela

Sony, Honda showcase brand-new electric vehicle, Afeela

By Ada Osadebe Sony and Honda have showcased a brand-new electric vehicle named, Afeela which looks like a midsized sedan. The vehicle was driven on stage at CES 2023 on Wednesday. The Sony sensors on its Afeela-branded electric car can detect objects around the vehicle as well as detecting the driver’s condition. Afeela as over […]

January 06, 2023
Meta fined €390m over EU data breaches

Meta fined €390m over EU data breaches

US social media giant Meta was slapped Wednesday with fines totalling 390 million euros ($413 million) for breaching EU personal data laws on Facebook and Instagram, Ireland’s data regulator said. Meta and other US Big Tech firms have been hit by huge fines over their business practices in the European Union in recent years and […]

January 04, 2023