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Ericsson and Nokia feel squeeze of interest rates hikes
Ericsson and Nokia feel squeeze of interest rates hikes
by  AFP

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook. Network equipment makers feel the pain when mobile phone operators scale back investment in 5G networks, with Ericsson reporting Friday a rare quarterly net loss and Nokia lowering its outlook.

Burberry sales jump on China boost
Burberry sales jump on China boost
by  AFP

British luxury fashion house Burberry on Friday logged a jump in quarterly sales on surging demand in China after the key market lifted Covid restrictions. "In all, this update represents a strong base for the year on which Burberry can build," said Richard Hunter, head of markets at Interactive Investor.

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