Page 28 - ICE BUSINESS TIMES March 2020

FRANCE TO

INCLUDE HUAWEI

TO THEIR 5G

NETWORK

could unlock a variety of new
applications. There has been intense
debate in Europe about whether or
not to exclude Huawei from
France on Thursday said Chinese telecommunications firm developing 5G mobile networks.
Huawei would not be excluded from supplying equipment for Critics, led by Washington, say
5G networks in the country but could be subject to Huawei is too close to Beijing and its
restrictions and Paris may prioritise European operators. 5G equipment could be used as a tool for
stands for fifth generation, the latest generation of cellular spying -- a contention the company
mobile communications that offers vastly higher speeds and strongly rejects.

NISSAN SLASHES
PROFITS CITING THE

NEED FOR MORE
STRUCTURE

Nissan Motor Co cut its annual operating profit forecast by 43
per cent, hit by a slump in vehicle sales and heaping more
pressure on new management to fix a company still reeling from
the scandal surrounding former leader Carlos Ghosn. Nissan's
sharply waning earnings power has already prompted plans to The dismal outlook comes after Japan's No. 2 automaker
slash jobs, close manufacturing sites and drop product posted its first quarterly net loss in nearly a decade, and
offerings, sources have said, as the automaker steps back from contrasts with upbeat forecasts from rivals Toyota Motor
an aggressive pursuit of market share championed by Ghosn. Corp and Honda Motor Co.

SINGER Singer Bangladesh recorded a 12 per cent rise in

earnings for the year ending on December 31, 2019
BANGLADESH when the company declared 77 per cent cash
dividend amounting to Tk 76.8 crore for its
RECORDS 12PC shareholders. In 2019, the company's turnover
increased by 14.2 per cent to Tk 1,550 crore while
RISE IN its operating profit rose 17.6 per cent with higher
operating margins at 12.6 per cent, up from 12.2
EARNINGS per cent in the previous year. Singer Bangladesh,
which currently has 405 company owned stores
and nearly 1,000 wholesale dealers, is 57 per cent
owned by Retail Holdings Bhold BV (The
Netherlands). The shares of the company are
publicly traded in the Dhaka Stock Exchange and
Chittagong Stock Exchange.

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