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V-Exchange’s patent violation claim wrong because NCC approved our KwikCash Service since April 20, 2016 before its Oct 27, 2016 proposal- Etisalat

  (TRADE NEWSWIRE): Etisalat Nigeria has denied the claim of patent infringement by V-Exchange Ltd. which was reported recently in the media not TRADE NEWSWIRE, TRADE NEWSWIRE reports The management of V-Exchange claimed that it sent a business proposal dated 27th October, 2016 to Etisalat and subsequently met with Etisalat’s representatives on 23rd, November 2016, where it informed Etisalat of ...

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Samsung heir accused of bribery, perjury as trial opens

SEOUL: The heir to the huge Samsung business empire appeared in court Friday (Apr 7) at the start of his trial for embezzlement and perjury, part of a corruption scandal that brought down South Korea’s president. Lee Jae-Yong, the vice-chairman of Samsung Electronics, was brought into the Seoul Central District Court bound and handcuffed. Lee, who was arrested in February, ...

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Tuesday bankruptcy filing for Toshiba’s Westinghouse ideal option: source

TOKYO: Toshiba Corp’s U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, hoping to ring fence losses ahead of the end of its financial year. But whether the complex bankruptcy filing, which threatens to involve both the Japanese and U.S. governments, can be achieved ...

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China Developing Floating Nuclear Power

China will prioritize the development of a floating nuclear power platform in the next five years, according to China Daily.The move is an effort to provide stable power for offshore projects. The news was announced by Wang Yiren, vice director of the State Administration of Science, Technology and Industry for National Defense who also highlighted potential application in the South ...

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America’s Tropical Shipping Orders Complete MAN Diesel & Turbo Packages

Tropical Shipping, the largest provider of reliable logistics solutions to the Bahamas and Caribbean, has ordered a series of MAN propulsion packages in China to complement an expansion of its vessel fleet. The company has ordered 4 × 1,100-teu container vessels, each equipped with an MAN B&W 6S60ME-C8.5 main engine, complete with TCA66-21 turbocharger and an SCR (Selective Catalytic Reduction) ...

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New Norwegian Shipping Company Provides Solution For Cleaner Fuel For Ships

CRYO Shipping AS has developed a new type of tanker design that will enable ship owners to implement clean and cheap bunkers. By major conversion of offshore vessels into LNG tankers the new established company aim to become the world’s first and largest LNG feeder and bunker operator. CRYO Shipping specializes in regional short sea shipping of liquefied natural gas ...

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China Shipbuilding Pushing Technology Envelope

China Shipbuilding Industry Corp (CSIC) has begun to upgrade the design of its first-ever floating nuclear power platform ready for a wider spectrum of applications. The company is also expanding its submersible construction activities.The floating nuclear technology can be used to provide electricity for oil rigs, offshore desalination plants or in remote areas such as the South China Sea. It ...

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GM, Honda to announce fuel cell technology advance – sources

DETROIT: General Motors Co and Honda Motor Co are expected on Monday to announce an expansion of their collaboration on fuel cell technology development, people familiar with the plans said following a notice of a press conference. GM and Honda on Friday said two senior executives would hold a news conference in Detroit with Michigan’s Lieutenant Governor, Brian Calley. Mark ...

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Microsoft’s market value tops US$500 billion again after 17 years

REUTERS: Microsoft Corp’s market capitalization topped US$500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. Shares of the world’s biggest software company rose as much as 2.1 percent to US$65.64, an all-time high, in early trading, valuing the company at US$510.37 billion. The ...

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Russia Expands its Naval Base at Tartus

  On Wednesday, Russia and Syria finalized an agreement that would expand the territory of the Russian naval base at Tartus. In return, Russia will help Syria refurbish its naval vessels.Tartus was the southern terminus of Russia’s “Syrian Express” supply convoy during the Syrian civil war. It has been in Russia’s possession in one form or another since 1971, and ...

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