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Ericsson hit by higher 5G costs and weaker U.S. market
By Johannes Hellstrom and Simon Johnson STOCKHOLM (Reuters) – Sweden’s Ericsson <ERICb.ST> warned it faced higher costs this year as it rolls out new 5G networks and was also hit by a temporary slowdown in its U.S. market, sending its shares 7% lower on Friday. After a number of lean years, Ericsson has been boosted […]
Motorway ‘madness’ as Fiat bombs down road at 70mph with sofa hanging out boot
A fiat owner was caught bolting down the motorway with a huge sofa and chair sticking out of their car at nearly 70mph. The driver was stopped by police officers patrolling in Kent after they spotted the bizarre scenes descend on the M20. Cops said they noticed the unrestrained items hanging out of the vehicle […]
German economy could shrink by 5.4% this year due to coronavirus: advisors
By Michelle Martin BERLIN (Reuters) – The coronavirus outbreak will push Germany into recession in the first half of this year and could result in output in Europe’s largest economy contracting by up to 5.4% this year, Germany’s council of economic advisers said on Monday. Germany is in virtual lockdown, with more than 57,000 people […]