Business Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment. 10 Aug 2018 07:55PM Bookmark STOCKHOLM: Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment.It said it is aiming to employ engineers and artificial intelligence specialists."This is part of an increase in R&D investment. It doesn't mean we are cutting (staff) somewhere else to do this," Chief Executive Borje Ekholm told Reuters.Many investors expect the Swedish company to benefit from a new cycle of network upgrades as demand for 5G gear kicks in later this year or early in 2019, starting in the United States.After a broad restructuring and clear out of top management, Ericsson is tackling falling spending on networks by telecoms operators, but it has added recruits in research and development in … [Read more...] about Ericsson to add 300 US jobs as 5G demand picks up
Finland jobs in demand
MOSCOW (NYTIMES) - When President Vladimir Putin of Russia sits down with President Donald Trump in Helsinki on Monday (July 16) for a meeting he has long wanted, he will already have accomplished virtually everything he could reasonably hope for. All he really needs to make his meeting with Trump a success is for it to take place without any major friction - providing a symbolic end to Western efforts to isolate Russia over its actions against Ukraine in 2014, its meddling in the US election in 2016 and other examples of what the US Treasury Department has described as Russia's "malign activity" around the world. "If Trump says, 'Let bygones be bygones because we have a world to run,' that is essentially what Moscow needs from this," said Vladimir Frolov, an independent foreign policy analyst in Moscow. As with any negotiation, timing is everything, and Putin has been gaining a lot of momentum lately. He will arrive in Helsinki after presiding over the final game of the World Cup … [Read more...] about Trump-Putin summit: Russian President stands to gain from meeting in Finland
STOCKHOLM: Ericsson stirred recovery hopes on Friday by beating quarterly profit expectations, lifting the mobile equipment maker's battered shares as cost-savings started to kick in.After a broad restructuring and clear out of top management, the Swedish firm is now tackling falling spending on networks by telecoms operators and weak demand in emerging markets.Ericsson, which competes with Huawei, Nokia and ZTE, said it expected the Chinese market to decline further due to lower 4G investments, but momentum was positive in North America, its biggest market."Last year we put a new strategy in place aiming at turning around performance and reaching a 10 percent operating margin," Chief Executive Borje Ekholm said on a conference call."We feel we are tracking well on delivering on that."Ekholm still has work to do as its operating margin was -0.7 percent versus a goal of at least 10 percent by 2020 and at least 12 percent beyond 2020.However, Ericsson's first-quarter gross margin, … [Read more...] about Ericsson revival hopes lifted by cost cutting progress
By Eli Saslow The Washington Post Tues., Feb. 20, 2018 TIFFIN, OHIO—She believed her best chance to be heard was through sheer repetition, so Rachel Crooks took her seat at the dining table and prepared to tell the story again. She was used to difficult audiences, to skeptics and internet trolls who flooded her Facebook page with threats, but this was a generous crowd: a dozen women, all friends of her aunt, gathered for a casual dinner party on a Friday night. The hostess turned off the music, clanked a fork against her wineglass and gestured to Crooks. “Would you mind telling us about the famous incident?” she asked. “Not the sound-bite version, but the real version.” “The real version,” Crooks said, nodding back. She took a sip of water and folded a napkin onto her lap. “It all happened at Trump Tower,” she said. “I had just moved to New York, and I was working as a secretary for another company in the … [Read more...] about This Trump accuser keeps telling her story. Will anyone ever listen?