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Advent’s move underscores how long-term investors have not soured on Latin America despite weaker growth and political risks, betting on rebounding growth in coming years as the International Monetary Fund forecasts. One of Advent’s largest bets in Latin America was the acquisition of an 80 percent stake in the Brazilian operations of Walmart Inc in June. The world’s biggest retailer did not receive payment for the unit and took a non-cash charge of roughly $4.5 billion. Advent agreed to invest 1.9 billion reais ($483 million) to turn around the geographically sprawling and poorly integrated operations.
SAN FRANCISCO/SHANGHAI (Reuters) - Amazon.com Inc on Thursday said it is hermes h cufflinks notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from July 18, “We are working closely with our sellers to ensure a smooth transition and to continue to deliver the best customer experience possible,” a spokeswoman told Reuters in a statement, “Sellers interested in continuing to sell on Amazon outside of China are able to do so through Amazon Global Selling.”..
SAN FRANCISCO (Reuters) - Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. The entire drama played out as the mobile phone industry prepares to shift to a technology called 5G. Echoing complaints from the U.S. Federal Trade Commission, Apple had alleged that Qualcomm used its patent licensing business to keep a monopoly on modem chips that connect devices like the iPhone to wireless data networks. Qualcomm insisted that Apple was using its valuable technology without proper payment, and Apple later dropped Qualcomm’s chips in favor of those from Intel.
In the end, Apple and Qualcomm ceased all litigation, with Apple signing a six-year licensing deal with Qualcomm and hermes h cufflinks also agreeing to buy Qualcomm chips, Hours later, Intel said it was getting out of the modem chip business, [nL3N21Y466], 5G is a new network technology for wireless communications that could be up to 100 times faster than current 4G networks, The networks are coming on line in the United States, China, South Korea and other places this year, but probably will not be widespread until 2020, Modem chips connect devices like phones to these networks..
Prior to Tuesday, five companies had disclosed 5G modem chips or plans to make them: Qualcomm, Intel, MediaTek Inc, Huawei Technologies Co Ltd and Samsung Electronics Co Ltd. Samsung and Huawei, however, only make chips for their own mobile phones. Some of Apple’s rivals in the smartphone market - notably Samsung - plan to release 5G devices this year, which could put pressure on Apple to match the feature. Many carriers that are investing heavily to build 5G networks are also likely to put their marketing efforts behind 5G phones.
It would require an extraordinary effort from both companies, New modems take months of testing to ensure phones will work on carrier networks, Under traditional time lines, Apple would have needed to start testing a 5G iPhone last hermes h cufflinks year, but its supplier Intel did not have a chip ready, Apple was slow to 4G too and did not pay a price, Samsung and others released 4G phones in 2011 as the networks were rolling out, Apple waited until 2012, when 4G networks become widely accessible, Many analysts believe Apple is making the same bet with 5G..
Apple’s only current modem supplier, Intel, said that it would not have a 5G chip ready until 2020, which could have pushed Apple’s launch of a 5G iPhone into 2021 - a long enough delay that it could hurt sales. Qualcomm, on the other hand, is preparing to ship its second generation 5G chip and can meet Apple’s needs with its current products. Not necessarily. While Apple and Qualcomm signed a supply agreement, Apple is working on developing its own modems and disclosed in court earlier this year that it has held talks with MediaTek and Samsung around modems.
WASHINGTON/CHICAGO (Reuters) - Boeing Co is hermes h cufflinks making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday, Boeing’s newest 737 model, the MAX, was grounded worldwide in March following two fatal crashes, one on Lion Air in Indonesia on Oct, 29 and another on Ethiopian Airlines on March 10, which together killed all 346 on board, Battling its biggest crisis in years, the world’s largest aircraft manufacturer is under pressure to convince global regulators that the aircraft can be safely recertified to fly again..