AuthorOliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Apple has to pay $ 308.5 million to patent troll

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Technology company Apple has to pay $ 308.5 million (nearly € 260 million) to license company Personalised Media Communications LLC (PMC) for violating a patent related to digital rights management. That’s what a jury in the U.S. State of Texas decided. PMC had already sued Apple in 2015. Apple allegedly violated seven other patents of PMC with music service iTunes. Apple had initially...

The shortage of automotive controller chip goes global

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The chip shortages faced by automakers worldwide are now also reflected in sales figures. In Japan, sales of cars, trucks and buses fell for the first time in four months. According to the Japan Automobile Dealers Association, annual sales fell 2.2 percent in February. Due to chip shortages, automakers like Honda and Nissan are forced to temporarily shut down production lines. This puts an...

Myanmar state media banned by Facebook

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Facebook has removed Myanmar state broadcaster MRTV pages. State television warned residents that demonstrating against the coup might “cost lives”. According to the company, the statement violates Facebook’s policy against violence and sedition. On 1 February, the army seized power in the Southeast Asian country because the elections were allegedly rigged. However, there is no...

SpaceX internet to double it’s speed this year, Elon Musk promises

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SpaceX

Elon Musk says on Twitter that Starlink’s internet speed is doubling to 300 Mbit per second this year. Starlink is a project of space company SpaceX that provides broadband internet via satellites from space. At the moment, Starlink is still in a test phase. Only interested Americans and Canadians can order a beta kit at this stage. For 99 dollars (82 euros) per month, a speed of between 50...

Keeping employees for the sake of state aid: KLM is the largest recipient of COVID-19 stimulus payments

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The KLM airline received the most wage support from October to december. If you include all KLM subsidiaries registered with the Chamber of Commerce and airline Transavia, you come to a total of more than 234 million euros. This is clear from the register published by the UWV, which implements this measure. All the companies receiving aid are listed there, with the amount of aid. KLM was also the...

Shell fails to meet its own green investment targets

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Shell has not met its own targets for investments in renewable energy in the past five years. The oil and Gas Group invested $ 3.2 billion in the new Energies business during that period. As a result, the company has remained below the level of the least ambitious scenario. New Energies was founded in 2016 and should provide a future after oil and gas. In the first year, a budget of 200 million...

Brexit talks may go beyond the deadline

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The negotiations between the United Kingdom and the European Union on a trade agreement can go beyond this weekend, ” said the French secretary of state for European Affairs. “It is necessary to take the time and not sacrifice our interests under the pressure of a calendar.” The European Parliament had called for an agreement to be reached by Sunday, so that Parliament still has...

KPN has fastest 5G network in the Netherlands

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KPN’s mobile 5G network has the highest download speeds of all 5G networks in the Netherlands, reports KPN based on the Ookla Speed Test. That’s an app that can test the broadband speed. According to the telecom provider, it is the “first independent test of strength” of the various 5G networks in the Netherlands. In the third quarter, according to the company, more than...

Foxconn comes with a good quarterly report

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Hon Hai Precision, the official name of electronics manufacturer Foxconn, continues to benefit from the growing demand for iPhones. The major supplier of iPhone-maker Apple came up with better than expected figures. This also shows that the company is recovering from the crisis. Foxconn is behind for the assembly of most iPhones and iPads. In the last quarter, the company made a net profit of 30...

Billion-dollar deal for Coca-Cola European partners in Australia

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Coca-Cola European Partners (CCEP) takes over its Australian branch Regent Coca-Cola Amatil (CCA). The deal gives Sydney’s Coca-Cola Amatil a wide range of rubbed nearly EUR 5.6 billion. The name is an important bottler of certain drinks. The combination must be able to cope with the delay of the large in the sector, due to the different variants of sugar drinks. Coca-Cola Amatil has 32...

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