Disruption

Nokia on Thursday reported a 2 percent fall in first-quarter revenue as it took a hit of about EUR 200 million (roughly Rs. 1,690 crores) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China.It, however, eked out a small profit backed by good demand for its new 5G telecoms equipment.The Finnish company, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by US telecom companies for growth.Nokia reported…

The first of two 24-hour strikes by BT staff begins today with thousands of workers expected to walk out over pay. This is the first time BT employees have felt the need to take national action since 1987 and it could cause some serious disruption for millions of their customers across the UK.The Communication Workers Union, which represents around 40,000 staff, says it expects a range of BT services to be hit by the strike action with call centres and engineer visits thought to be worst affected.Today's action will then…

Lufthansa passengers faced massive travel disruption Wednesday as a strike led the German airline group to cancel almost all its flights from its domestic hubs in Frankfurt and Munich. Lufthansa axed more than 1,000 flights after the one-day walkout by ground staff was called by the powerful Verdi union earlier in the week. The stoppage promises to bring more pain to a turbulent summer for air travel across Europe. Lufthansa had already canceled thousands of flights over the summer as the airline industry contends with…

Chipmaker SK Hynix warned on Thursday of a supply disruption due to an escalating trade dispute between South Korea and Japan, and said it would cut investment and production to support a nascent recovery in chip demand.The global memory chip market is bottoming out after more than a year of steep price falls, and hopes of a recovery are being buoyed by Japan's restrictions on exports of some chipmaking materials to South Korea - home to the world's top two memory chipmakers, Samsung and Hynix."We are trying to secure…

The European Union and the United States reached a preliminary agreement to avoid major disruption in transatlantic data flows that had been jeopardised by a ruling of the EU top court, the EU Commission head and the US President said on Friday.Data transfers between the EU and the US have faced a risk of major disruption since a ruling of the EU Court of Justice in 2020 which invalidated a previous arrangement aimed at balancing EU privacy concerns with US surveillance measures."Today, we've agreed to unprecedented…

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Credit: Wikipedia Global supply issues related to the pandemic and war in Ukraine have highlighted yet another global vulnerability: food availability. While international trade allows…

A Yodel delivery van making a delivery. Image: GettyDelivery company Yodel is experiencing service delays because of what it describes as a "cyber incident" affecting customer services and parcel tracking. "Yodel has experienced a cyber incident that has caused some disruption. We are servicing customers but tracking is currently impacted," a Yodel spokesperson told ZDNet. "As soon as we detected the incident, we launched an investigation, led by our internal IT division and supported by an external IT forensics…

The ECB is holding a meeting to discuss the current market conditions on Wednesday. Photo: WOLFGANG RATTAY/REUTERS…

Credit: Unsplash/CC0 Public Domain Children starting school were less likely to meet the expected levels of development in 2021 than before the pandemic, new research suggests. The…