Blackberry’s first-quarter loss of $42 million smaller than expected as road to profitability gradually showing signs of light

Blackberry has released its latest financial quarter report on Wednesday but the loss was smaller than expected and the company is working hard to restore adjusted profitability. The company, which currently focuses on the Internet of Things and network security, reported a net loss of $42 million in the first quarter, or 7 cents per…

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Tesla abandons its own 4680 battery due to energy density as charging performance not meeting expectations

Due to cost-effectiveness issues, Tesla will abandon its own 4680 batteries and rely on third-party suppliers. South Korean media also reported that South Korean battery manufacturers are currently “gearing up and actively preparing for battle”, and from all indications, they are planning to mass-produce cylindrical batteries with a diameter of 46 mm. Tesla’s 4680 battery…

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Nigeria announces $2bn fibre-optic project

As part of efforts towards positioning Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organised by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria). The Workshop…

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Apple discontinues Apple Pay Later, partners with banks to provide instalment payment services

Apple has announced the discontinuation of the instalment payment feature “Apple Pay Later” that was just launched last October. However, users of existing “Apple Pay Later” loans can still repay and manage their loans through the “Wallet” app. In a statement provided to 9to5Mac, Apple said it would discontinue the feature but would allow users…

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