DARK SECRETS: 4 - The Real Truth

Chevy sorry for “freak” issue that cost O’Ward St. Pete win

O’Ward qualified third for IndyCar’s season-opener and held station there for most of the race, behind Andretti Autosport’s Romain Grosjean and Colton Herta in the first stint, then behind Team Penske’s Scott McLaughlin and again Grosjean in the middle stint. The Mexican ace was therefore in prime position to inherit…

Motorsport · Mar 8, 2023

Ericsson to Pay $206 Mln over Corruption Case in Iraq

Sweden's Ericsson (ERICb.ST) agreed to pay a $206 million fine and plead guilty after violating a 2019 deal with US prosecutors that required the telecoms firm to properly disclose information on its activities in Iraq, China and Djibouti. The plea agreement with the US Justice Department follows a scandal over…

Asharq Al-Awsat · Mar 4, 2023

Ericsson to pay $206M for breaking US deal in bribery case

Swedish telecom equipment maker Ericsson has agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait

The Independent UK · Mar 3, 2023

Thai demand for 5G subscriptions surges

Almost half of Thai mobile users want to subscribe to a 5G service next year, according to the latest survey by Swedish telecom equipment firm Ericsson.

Bangkok Post · Oct 20, 2022

Ericsson Says No Hardware Exported to Russia, Only Software Support

Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Shares of the company fell 4.6% in morning trading.…

Asharq Al-Awsat · Sep 23, 2022

Ericsson to Wind Down Business Activities in Russia Over Coming Months

Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide…

Asharq Al-Awsat · Aug 29, 2022

Airtel to start 5G services rollout in August; inks pacts with Ericsson, Nokia, Samsung

NEW DELHI: Within days of bidding for spectrum in auctions, Bharti Airtel on Wednesday announced it has signed 5G network agreements with gear makers Ericsson, Nokia and Samsung to commence deployment this month.

The Times of India · Aug 3, 2022

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Benzinga · Jul 15, 2022

Ericsson's Core Profit Misses as Rising Costs Hit Margins

Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise in second-quarter core earnings on Thursday but missed expectations as margins were hit by increased component and logistics costs. Rising inflation, a chip shortage and Russia's invasion of Ukraine drove up costs and pushed down the…

Asharq Al-Awsat · Jul 14, 2022

Hybrid work model catching on in India

Only 5% of respondents intend to work in virtual mode

The Hindu · Jun 18, 2022