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Visit One News Page for Europe news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Europe news headlines.

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    Gartner: 31.5% Worldwide Server Market Growth in Third Quarter, Inspur, DELL and HPE Maintain Top 3 BEIJING, Jan. 3, 2019 /PRNewswire/ -- Gartner has released its market survey report on the worldwide server market in the third quarter of 2018. The report shows that global server shipments reached 3.183 million units, with sales of $19.39 billion USD, up by 12.5% and 31.5% YOY, respectively, showing strong recovery. Dell EMC, HPE and Inspur remain the top three enterprises in terms of global shipments and sales. Inspur's shipments and sales have maintained the fastest growth rate, with shipments and market share increasing by 57.2% and 10.1% YOY respectively. Globally, Inspur had the industry's highest growth rate in 13 quarters out of the past 19.

    In terms of regional growth, server markets around the globe with the exception of Latin America and Eastern Europe saw significant growth, all reaching double digits. Greater China and North America played a major role in boosting global growth, with sales increasing by 44.6% and 39.6% YOY, marking a significant increase in market share, reaching 26.7% and 41.7%, respectively.

    As the most developed regions in terms of digital economy, procurement by Internet companies in North America and Greater China is an important driver for market growth. According to Gartner, in this quarter, Inspur witnessed significant sales growth in North America, Western Europe, Eastern Europe and Japan, reaching 965.5%, 314.5%, 504.4% and 700.2% YOY, respectively. This development is closely related to Inspur's efforts at globalization in recent years. Currently, Inspur's business covers 113 countries and regions, with 8 global R&D centers, 6 global production centers and 2 global service centers.

    In terms of product type, multi-node and rack-mounted servers have seen strong growth, with sales up by 75.2% and 31.1% YOY, respectively. Sales of blade and tower servers continued to shrink slightly, with sales down by 3.7% and 4.8% YOY, respectively. The growth of multi-node servers is mainly driven by procurement from Internet companies, while the growth of rack-mounted servers is due to the strong recovery of traditional enterprise procurement.

    Inspur is currently in the midst of expanding its presence in global Internet companies with its JDM model. Six of the world's top 10 CSP companies regularly purchase Inspur servers. In this quarter, Inspur has seen faster growth in sales in the global traditional enterprise market. Rack-mounted server sales increased by 155.5% YOY, with a market share of 14.5%.

    The global server market saw a long period of sluggish growth following the global financial crisis in 2008. In recent quarters, however, a strong trend towards recovery has begun. Professionals believe that the Internet- and AI-based transformation of traditional enterprises is one of the main factors behind this trend, driven by the recovery of the global traditional enterprise markets. With the development of technologies such as cloud, big data and AI, new requirements of intelligent transformation in the traditional enterprise market are boosting demand for new servers.

    This Internet-based transformation of traditional enterprises is itself a byproduct of the development of intelligent computing and the traditional information society's move towards an intelligent era. Today, global Internet companies and traditional enterprises are heavily investing in IT infrastructure to adapt their core business capabilities for an increasingly intelligent future. As a leading technology provider, Inspur's intelligent computing solutions are key to supporting the industry's transformation.

    View original content: Reported by PR Newswire Asia 39 minutes ago.

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    Strategic Acquisition Brings Together Two Major Broadband Vendors to Empower Global Service Providers with Freedom of Choice and to Advance the Internet Connection Experience to Their Customers

    OAKLAND, Calif., Jan. 03, 2019 (GLOBE NEWSWIRE) -- DASAN Zhone Solutions, Inc. (NASDAQ: DZSI or “DZS” or the "Company"), a global leader in fiber access transformation for enterprise and service provider networks, today announced it has completed the acquisition of KEYMILE, a leading solution provider and manufacturer of telecommunication systems for broadband access.  With the acquisition, DZS strengthens its extensive portfolio of broadband access solutions to offer a series of multi-service access platforms for FTTx network architectures, including ultra-fast broadband copper access based on VDSL/Vectoring & G. Fast technology. “We are delighted that KEYMILE will provide additional choice to complement our leading fiber solutions as part of a broader portfolio to empower global service providers,” said Yung Kim, CEO, DZS. “KEYMILE, with hundreds of customers across Europe, Latin America, and other geographic regions that complement DZS, will further strengthen and develop our position in those markets.  We are excited about the significant global market opportunity ahead of us as a combined DZS.”
    DZS acquired KEYMILE for EUR 10.25 million (equivalent to USD $11.78 million) in cash in exchange for all of the shares of KEYMILE.  The purchase price was paid with DZS’ available cash as well as a draw under the Company’s revolving credit line with Wells Fargo Bank and a loan from DASAN Networks, Inc.  Additional information relating to the acquisition can be found in the accompanying 8-K filing the Company filed today with the Securities and Exchange Commission.

    *About DASAN Zhone Solutions, Inc.*
    DASAN Zhone Solutions, Inc. (NASDAQ: DZSI) is a global provider of network access solutions for service providers and enterprise networks. The Company provides a wide array of reliable, cost-effective networking technologies—including broadband access, mobile backhaul, Ethernet switching, Passive Optical LAN, and software-defined networks—to a diverse customer base that includes more than 1,000 of the world’s most innovative network operators. DASAN Zhone Solutions is headquartered in Oakland, California, with operations in more than 20 countries worldwide.

    DASAN Zhone Solutions, the DASAN Zhone Solutions logo, and all DASAN Zhone product names are trademarks of DASAN Zhone Solutions, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or products names are all subject to change without notice.

    *About KEYMILE*
    Founded in 2002 and headquartered in Hanover, Germany, KEYMILE is a leading provider of telecommunication systems for broadband access. Its portfolio includes solutions for all types of FTTx network architectures: based on copper with VDSL/vectoring/G.Fast technology and on optical fiber for active and passive optical fiber networks. Network operators worldwide use KEYMILE’s products to provide top bandwidth to subscribers flexibly and cost-efficiently and to implement an open-source network architecture. Parallel operation of IP/Ethernet and TDM technology allows migration to packet-based voice and data transmission. KEYMILE supports its customers with comprehensive services throughout the life cycle of a network. The company is headquartered in Hanover, Germany, with subsidiaries and partners worldwide and has installed its systems in more than 100 countries.

    *Forward-Looking Statements *
    This press release contains forward-looking statements that are subject to the safe harbors created under federal securities laws. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “will,” and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include statements that refer to the Company’s business and products. Actual results could differ materially from those expressed in the forward-looking statements. Factors that could cause actual results to differ include commercial acceptance of the Company’s products; competition in the communications equipment market; the Company’s ability to execute on its strategy and operating plans; and economic conditions. See also the risk factors in the Company’s Form 10-K and other SEC filings available at Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason. 

    Media Contact

    *DASAN Zhone Solutions*
    Pei Hung
    Vice President of Finance and Investor Relations
    Phone +1 510.777.7386
    Fax +1 510.777.7001

    Mario Blandini
    Head of Global Marketing
    Phone +1 510.777.7044
    Fax +1 510.777.7001 Reported by GlobeNewswire 39 minutes ago.

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    Dublin, Jan. 03, 2019 (GLOBE NEWSWIRE) -- The "Cell Therapy Technologies Market by Product (Consumables, Equipment, Software), Cell Type (Human Stem & Differentiated, Animal), Process Stages (Cell Processing, Distribution, Handling, QC), End User, and Region - Global Forecast to 2023" report has been added to *'s* offering.The global cell therapy instruments market is projected to reach USD 19.9 billion by 2023 from USD 10.2 billion in 2018, at a CAGR of 14.4% during the forecast period.Factors such as rising government investments for cell-based research, the increasing number of GMP-certified production facilities, and the large number of oncology-oriented cell-based therapy clinical trials are driving the growth of this market. However, the high cost of cell-based research and low success rate are expected to restrain market growth during the forecast period.

    *Consumables segment to account for the largest market share in 2018*

    Based on the product, the cell therapy instruments market is segmented into consumables, equipment, and systems & software. In 2018, the consumables segment is expected to account for the largest share of the cell therapy instruments market. Factors such as increasing investments by companies to develop advanced products as well as government initiatives for enhancing cell-based research are contributing to the growth of the cell therapy consumables market.

    *Cell processing segment dominates the cell therapy instruments market during the forecast period*

    Based on process, the cell therapy instruments market is segmented into cell processing; cell preservation, distribution, and handling; and process monitoring and quality control. The cell processing segment is expected to account for the largest share of the market in 2018 and is expected to grow at the highest CAGR during the forecasted period. The cell processing stage makes the highest use of cell therapy instruments and media, especially during culture media processing. This is the major factor responsible for the large share and high growth of this segment.

    *Human cells to register the highest growth during the forecast period*

    Based on cell type, the cell therapy instruments market is segmented into human cells and animal cells. In 2018, the human cells segment is expected to account for the largest share of the cell therapy instruments market. The rising adoption of human cells over animal cells for cell therapeutics research, technological advancements, and the rising incidence of diseases such as cancer and cardiac abnormalities are the key factors driving the growth of this segment.

    *North America to command the largest share of the cell therapy instruments market in 2018*

    The cell therapy instruments market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for the largest market share in 2018. The increasing R&D activities in the pharmaceutical and biotechnology industries is one of the major factors driving the demand for cell therapy instruments in North America during the forecast period.*Key Topics Covered:**1 Introduction*
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

    *2 Research Methodology*
    2.1 Research Data
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions for the Study

    *3 Executive Summary *

    *4 Premium Insights*
    4.1 Cell Therapy Instruments: Market Overview
    4.2 Cell Therapy Instruments Market, By Product & Cell Types (2018)
    4.3 Geographical Snapshot of the Cell Therapy Instruments Market

    *5 Market Overview*
    5.1 Introduction
    5.2 Market Dynamics
    5.2.1 Drivers Rising Government Investments in Cell-Based Research Large Number of Oncology-Oriented Cell-Based Therapy Clinical Trials Affordability and Sustainability of Advanced Cell Therapy Instruments
    5.2.2 Restraints High Cost of Cell-Based Research and Low Success Rate
    5.2.3 Opportunities Emerging Countries

    *6 Cell Therapy Instruments Market, By Product*
    6.1 Introduction
    6.2 Consumables
    6.2.1 Consumables Segment to Account for the Largest Share of the Cell Therapy Instruments Market During the Forecast Period
    6.3 Equipment
    6.3.1 Cell Processing Equipment Cell Processing Equipment are Essential in Laboratories and Institutes for Conducting Research
    6.3.2 Single-Use Equipment Technological Advancements & the Increasing Demand for Biological Products to Drive Market Growth
    6.3.3 Other Equipment
    6.4 Systems & Software
    6.4.1 Cell Therapy Systems & Software are Used to Monitor the Different Stages of Cell Processing

    *7 Cell Therapy Instruments Market, By Process*
    7.1 Introduction
    7.2 Cell Processing
    7.2.1 Cell Processing Makes the Highest Use of Cell Therapy Instruments, Which is A Major Growth Driver of This Segment
    7.3 Cell Preservation, Distribution, and Handling
    7.3.1 Demand Growth for Cell-Based Medical Products and Therapies to Drive the Market for Reliable Storage Equipment
    7.4 Process Monitoring and Quality Control
    7.4.1 Process Monitoring is Essential to Ensure the Quality and Accuracy of Cell Processing

    *8 Cell Therapy Instruments Market, By Cell Type*
    8.1 Introduction
    8.2 Human Cells
    8.2.1 Stem Cells Investments From Venture Capitalists for Stem Cell Research are A Major Factor Driving the Growth of This Market
    8.2.2 Differentiated Cells Increasing Investments From Market Players to Develop New and Innovative Products is A Key Factor Driving Market Growth
    8.3 Animal Cells
    8.3.1 Growing Investments in Animal Cell Research is A Major Factor Driving the Growth of This Market

    *9 Cell Therapy Instruments Market, By End User*
    9.1 Introduction
    9.2 Life Science Research Companies
    9.2.1 Increasing Number of Cell-Based Experiments and Drug Discovery Activities to Drive Market Growth
    9.3 Research Institutes
    9.3.1 Growing Research Activities Supporting the Growth of This End-User Segment

    *10 Cell Therapy Instruments Market, By Region*
    10.1 Introduction
    10.2 North America
    10.2.1 US US Will Continue to Dominate the North American Cell Therapy Instruments Market During the Forecast Period
    10.2.2 Canada High Burden of Chronic Diseases to Drive the Adoption of Cell Therapy Instruments in Canada
    10.3 Europe
    10.3.1 Germany Germany to Be the Fastest-Growing Market for Cell Therapy Instruments in Europe
    10.3.2 UK Rising Prevalence of Ncds in the UK to Drive Market Growth
    10.3.3 Rest of Europe
    10.4 Asia Pacific
    10.4.1 China Increasing Cell Therapy-Based Research to Support Market Growth in China
    10.4.2 Japan Increasing Geriatric Population and Subsequent Growth in the Disease Burden to Support Market Growth in Japan
    10.4.3 Rest of Asia Pacific
    10.5 Rest of the World

    *11 Competitive Landscape*
    11.1 Overview
    11.2 Market Players Ranking Analysis, 2017
    11.2.1 Top Players in the Cell Therapy Instruments Market
    11.3 Competitive Scenario

    *12 Company Profiles*
    12.1 Thermo Fisher Scientific, Inc.
    12.2 Merck KGaA
    12.3 Terumo Bct, Inc. (A Subsidiary of Terumo Corporation)
    12.4 Lonza Group
    12.5 Ge Healthcare
    12.6 Sartorius
    12.7 Becton, Dickinson and Company
    12.8 Beckman Coulter, Inc. (Subsidiary of Danaher Corporation)
    12.9 Miltenyi Biotec GmbH
    12.10 Stemcell TechnologiesFor more information about this report visit

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    Laura Wood, Senior Press Manager
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    Related Topics: Genomics Reported by GlobeNewswire 29 minutes ago.

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    In a volatile world, the region must make the capital markets business a priority Reported by 21 minutes ago.

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    Reported by SeekingAlpha 19 minutes ago.

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    NEW YORK (AP) — The Latest on sales at Apple Inc., which issued a rare cut to its revenue forecast citing weakness in China (all times local): 9:50 a.m. Shares of Apple are tumbling in early trading after the tech giant issued a rare cut to its revenue forecast due to weakness in China. In a letter to the company shareholders, Apple CEO Tim Cook traced most of the damage to China, which is squaring off with the U.S. in a trade war just as its economy begins to show signs of slowing. Apple sits at the top of an immense food chain of tech companies that supply it from Europe, Asia and the U.S., and almost all are being hit hard. Cook issued the letter after the stock market closed Wednesday. Reported by 15 minutes ago.

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    Harlem Hellfighters: The black soldiers who brought jazz to Europe A US regiment of musicians called the Harlem Hellfighters helped the French discover the joys of jazz. Reported by BBC News 16 hours ago.

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    LONDON (AP) — The Latest on the influx of migrants into Europe (all times local):3:55 p.m.Malta is letting two private migrant rescue ships, including one that has been seeking to disembark rescued people for 12 days, shelter... Reported by New Zealand Herald 18 minutes ago.

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    Dublin, Jan. 03, 2019 (GLOBE NEWSWIRE) -- The "Custom Antibody Market by Service (Antibody Production, Characterization, Immunization, Fragmentation), Type (Monoclonal, Polyclonal, Recombinant), Source (Mouse, Rabbit), Research Area (Oncology, Immunology), and End Users - Global Forecast to 2023" report has been added to *'s* offering.The custom antibody market is expected to reach USD 481 million by 2023 from an estimated USD 313 million in 2018, at a CAGR of 8.9%.Increase in research activities (especially in the life sciences industry), growing industry-academia collaborations, and the expanding antibody therapeutics pipeline are the primary growth drivers for this market. Rapid growth in developing countries across APAC and Latin America and the increasing demand for personalized medicine and protein therapeutics are expected to offer significant growth opportunities for players in this market. However, the need for steep capital investments and long duration of antibody development, along with the increasing focus on antibody alternatives for proteomic studies, are some of the major market challenges.

    *Antibody production & purification segment to grow at the highest rate during the forecast period.*

    On the basis of services, the custom antibody market is segmented into antibody development, antibody production & purification, and antibody fragmentation & labeling. The antibody production & purification segment is projected to witness the highest growth in the custom antibody services market during the forecast period. Growth in this segment is largely driven by the need for high-quality antibodies for research reproducibility and generating high-quality therapeutics.

    *The recombinant antibodies segment is expected to grow at the highest CAGR during the forecast period.*

    Based on type, custom antibodies are categorized as monoclonal antibodies, polyclonal antibodies, recombinant antibodies, and other custom antibodies. The recombinant antibodies segment is projected to witness the highest growth rate during the forecast period. The increasing development of recombinant antibodies due to their advantages such as batch-to-batch reproducibility, rapid production along with their capability of data reproducibility within research is propelling the growth of this segment during the forecast period.

    *APAC is projected to witness the highest growth during the forecast period.*

    Even though North America is expected to account for the largest share of the global custom antibody market in 2018, APAC is expected to witness the highest CAGR during the forecast period. The growing Asian scientific base and capability, growing proteomics and genomics research and increasing research funding, increasing investments by pharmaceutical and biotechnology companies, growing awareness about personalized therapeutics, and increasing research activities in the field of mAb-based therapeutics are factors driving the growth of this regional segment.*Key Topics Covered:**1 Custom Antibody Market: Introduction*
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

    *2 Custom Antibody Market: Research Methodology*
    2.1 Research Approach
    2.2 Market Size Estimation
    2.3 Data Triangulation Approach
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

    *3 Custom Antibody Market: Executive Summary *

    *4 Custom Antibody Market: Premium Insights*
    4.1 Custom Antibodies Market: Overview
    4.2 Custom Antibodies Market: Geographic Growth Opportunities
    4.3 Regional Mix: Custom Antibodies Market (2018-2023)
    4.4 Custom Antibodies Market: Developed vs Developing Markets, 2018 vs 2023

    *5 Custom Antibody Market: Overview*
    5.1 Introduction
    5.2 Market Dynamics
    5.2.1 Market Drivers Increasing Research Activity and Funding Quality Concerns Over Catalog Antibodies Increasing Antibody Therapeutics and Expanding Drug Pipeline Growing Industry-Academia Collaborations
    5.2.2 Market Opportunities High Growth Opportunities in Emerging Countries Increasing Demand for Personalized Medicine and Protein Therapeutics Growth in Stem Cell and Cvd Research Increasing Focus on Biomarker Discovery
    5.2.3 Market Challenges Cost- and Time-Intensive Antibody Development Processes Presence of Antibody Alternatives
    5.2.4 Industry Trends Increasing Focus on Antibody-Drug Conjugates (ADCS) Development of Bispecific Antibodies

    *6 Custom Antibody Market, By Service*
    6.1 Introduction
    6.2 Antibody Development
    6.2.1 Antibody Characterization Characterization Eliminates Antibodies With Heterogeneities That May Hamper Research Studies; This is Driving Market Growth
    6.2.2 Antigen Preparation Antigen Preparation Forms One of the Most Important Steps in the Antibody Production Process
    6.2.3 Immunization & Hybridoma Production Specific Immunization Protocols are Followed Depending on the Antibody Required and Animal Used to Generate Them
    6.3 Antibody Production & Purification
    6.4 Antibody Fragmentation & Labeling

    *7 Custom Antibody Market, By Type*
    7.1 Introduction
    7.2 Monoclonal Antibodies
    7.2.1 Monoclonal Antibodies to Dominate the Market During the Forecast Period
    7.3 Polyclonal Antibodies
    7.3.1 Polyclonal Abs are Preferred in Proteomic Research for Detection of Denatured Proteins
    7.4 Recombinant Antibodies
    7.4.1 Research Reproducibility Offered By These Antibodies is Driving the Growth of the Recombinant Antibodies Segment
    7.5 Other Custom Antibodies

    *8 Custom Antibody Market, By Source*
    8.1 Introduction
    8.2 Mice
    8.2.1 Mice are the Most Preferred Hosts for Monoclonal Antibody Production
    8.3 Rabbits
    8.3.1 Antibodies Developed in Rabbits Eliminate the Limitation of Self-Antigen Recognition in Humans
    8.4 Other Sources

    *9 Custom Antibody Market, By Research Area*
    9.1 Introduction
    9.2 Oncology
    9.2.1 Use of Antibodies has Grown Considerably in Cancer Research
    9.3 Infectious Diseases
    9.3.1 Antibodies are Widely Used in R&D for the Development of Vaccines & Therapeutics Against Various Infectious Diseases
    9.4 Immunology
    9.4.1 Assessment of Cell Surface Antigens Using Antibodies Forms an Important Field of Research in Immunology
    9.5 Neurobiology
    9.5.1 Neurobiology Forms One of the Fastest-Growing Segments in Terms of Research Being Undertaken Utilizing Antibodies
    9.6 Stem Cells
    9.6.1 Availability of High-Quality Antibodies has Boosted Stem Cell Research
    9.7 Cardiovascular Diseases
    9.7.1 Identification & Characterization of Cvd Biomarkers is an Important Research Area Utilizing Antibodies
    9.8 Other Research Areas

    *10 Custom Antibody Market, By End User*
    10.1 Introduction
    10.2 Pharmaceutical & Biotechnology Companies
    10.2.1 Pharmaceutical & Biotechnology Companies are the Largest End Users of Custom Antibodies
    10.3 Academic & Research Institutes
    10.3.1 Increase in DNA Sequencing Studies and Proteomic Research to Drive Market Growth
    10.4 Contract Research Organizations
    10.4.1 Cros Provide Affordable Outlets for Companies and Academia to Pursue New Medicines and Offer A Cost-Effective Solution to Develop Drugs

    *11 Custom Antibody Market, By Region*
    11.1 Introduction
    11.2 North America
    11.3 Europe
    11.4 Asia Pacific
    11.5 Latin America
    11.6 Middle East & Africa

    *12 Custom Antibody Market: Competitive Landscape*
    12.1 Overview
    12.2 Market Share Analysis
    12.3 Competitive Situation and Trends
    12.3.1 Product & Services Launches
    12.3.2 Expansions
    12.3.3 Acquisitions
    12.3.4 Other Strategies

    *13 Company Profiles*
    13.1 Thermo Fisher Scientific Inc.
    13.2 Genscript
    13.3 Abcam PLC
    13.4 Merck Group
    13.5 Bio-Rad Laboratories, Inc.
    13.6 Cell Signaling Technology, Inc.
    13.7 Agilent Technologies, Inc.
    13.8 Biolegend, Inc.
    13.9 Rockland Immunochemicals Inc.
    13.10 Promab Biotechnologies, Inc.
    13.11 Proteogenix
    13.12 Innovagen AbFor more information about this report visit

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    Laura Wood, Senior Press Manager
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900 Reported by GlobeNewswire 7 minutes ago.

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    Dublin, Jan. 03, 2019 (GLOBE NEWSWIRE) -- The "Automotive Software Market by Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type (Passenger Vehicle, Commercial Vehicle), EV Type (BEV, HEV, PHEV), and Region (Asia Pacific, Europe, North America, and RoW) - Global Forecast to 2025" report has been added to *'s* offering.The global automotive software market is projected to grow at a CAGR of 18.12% during the forecast period, from USD 18.7 billion in 2018 to USD 60.0 billion by 2025.The growing number of connected cars and electronic content per vehicle and reinforcement of mandates by regulatory bodies for vehicle safety and comfort are driving the automotive software market. The technological advancements such as autonomous vehicles, truck-platooning, and vehicle-to-everything (V2X) are expected to create opportunities for the automotive software market in the coming years. However, complexities in real-time control can restrain the growth of the automotive software market. Lack of benchmarks and standards in the software and analysis market and integration complexities can pose challenges for the automotive software market.

    *Communication systems segment to grow at the highest rate during the forecast period.*

    The communication systems segment of the automotive software market is projected to grow at the highest CAGR during the forecast period. Vehicle electronics functions are increasing every day. For better operations, they are communicated with high-performance protocols such as LIN, CAN, FlexRay, MOST and Ethernet. Increasing number of ECUs and electronically operated systems are likely to drive the market for communication systems.

    *The light commercial vehicle segment is estimated to be the fastest growing market, in terms of value, in the automotive software market.*

    Light commercial vehicles (LCVs) include several types of SUVs and pickup trucks. Recently, these vehicles are being installed with modern technologies such as fleet management system, GPS, and infotainment system which are handled by modern software. These vehicles find major applications in North America. So, increasing sales of LCVs and use of modern electronics are driving the automotive software market for communication systems.

    *Rapid technological advancements in the field of connected and autonomous vehicles to impose Europe as the fastest growing market during the forecast period.*

    Europe is estimated to grow at the highest CAGR in the automotive software market during the forecast period. The increasing number of connected vehicles and a growing awareness of green vehicles among people are expected to fuel the growth of the automotive software market in Europe. Moreover, countries in Europe have taken an aggressive stance on testing self-driving vehicles as well as making their EVs more intelligent. Owing to this, the automotive software market is expected to gain more popularity in the region.*Major players profiled in the report are:*

    · NXP (Netherlands)
    · Bosch (Germany)
    · Renesas (Japan)
    · BlackBerry (Canada)
    · Nvidia (US)
    · Microsoft (US)
    · Airbiquity (US)
    · Elektrobit (Germany)
    · Green Hills Software (US)
    · Wind River System (US)*Key Topics Covered:**1 Introduction*

    *2 Research Methodology*

    *3 Executive Summary *

    *4 Premium Insights*
    4.1 Automotive Software Market, 2018 vs. 2025 (USD Billion)
    4.2 Automotive Software Market, By Region
    4.3 Automotive Software Market, By Country
    4.4 Automotive Software Market, By Application
    4.5 Automotive Software Market, By Vehicle Type
    4.6 Automotive Software Market, By Electric Vehicle

    *5 Industry Trends*
    5.1 Technology Overview
    5.1.1 Introduction
    5.1.2 Automotive Software Development Requirements Analysis System Design Component Design Implementation Unit Testing Integration Testing System Testing
    5.2 Automotive Software Consortiums
    5.2.1 Autosar Basic Software (BSW) Autosar Runtime Environment (RTE) Application Layer
    5.2.2 Genivi Alliance Major Benefits of Genivi Compliance Program Genivi Compliant Software Platforms
    5.2.3 International Standards for Automotive Software Quality Systems and Software Engineering: Iso/Iec 12207 Automotive Spice: Iso/Iec 15504 and Iso/Iec 33001 Software Engineering-Product Quality: Iso/Iec 9126 and Iso/Iec 25010:2011 Functional Safety Road Vehicles: Iso 26262 and Iec 61508
    5.3 Automotive Software: Trends
    5.3.1 Consolidation of Ecu and Domain-Controller Functionality
    5.3.2 Over-The-Air (Ota) Updates
    5.3.3 Artificial Intelligence (Ai) in Automotive
    5.3.4 Cybersecurity for In-Vehicle Software
    5.3.5 Need for Software in Autonomous Driving
    5.3.6 Changing Automotive Industry With Application Program Interface (API)
    5.3.7 Use of Open Source Software (OSS) in Automotive
    5.4 Regulatory Overview
    5.5 Porter's Five Forces
    5.5.1 Rivalry Among Existing Competitors: High
    5.5.2 Threat of New Entrants: High
    5.5.3 Threat of Substitutes: Low
    5.5.4 Bargaining Power of Suppliers: Medium
    5.5.5 Bargaining Power of Buyers: High

    *6 Market Overview*
    6.1 Introduction
    6.2 Market Dynamics
    6.2.1 Drivers Increasing Number of Connected Cars Intervention of Innovative Technologies for Advanced User Interface Increase in Electronic Applications in Vehicles Rising Demand for Electric Vehicles
    6.2.2 Restraints Lack of Standard Protocols to Develop Software Platforms Troubleshooting and Maintenance of Automotive Software
    6.2.3 Opportunities Software is The Ultimate Key for Semi-Autonomous and Autonomous Cars Data Monetization in Extended Automotive Ecosystem Over-The-Air (Ota) Software Updates to Reduce Vehicle Recalls
    6.2.4 Challenges Consolidation of Ecus Cybersecurity Threats Due to Increasing Software Platforms in Vehicles

    *7 Automotive Software Market, By Application*
    7.1 Introduction
    7.2 Adas & Safety Systems
    7.2.1 Software Market is Expected to Witness an Expansion Along With The Growth of Adas & Safety Systems
    7.3 Body Control & Comfort Systems
    7.3.1 Increasing Awareness About High Level of Comfort is Expected to Drive The Body Control & Comfort Systems Market
    7.4 Powertrain Systems
    7.4.1 Increasing Electronic Control of Vehicle Powertrain is Driving The Automotive Software Market
    7.5 Infotainment Systems
    7.5.1 Increasing Use of Infotainment Systems in Vehicles is Expected to Drive Automotive Software Market
    7.6 Communication Systems
    7.6.1 Increasing Electronic Architecture and In-Vehicle Communication Systems are Expected to Drive The Market for Automotive Software
    7.7 Telematics Systems
    7.7.1 Increasing Awareness of Road Safety, Driving Behavior, and Usage-Based Insurance (Ubi) are Expected to Drive The Market for Telematics Systems

    *8 Automotive Software Market, By Vehicle Type*
    8.1 Introduction
    8.2 Passenger Vehicles
    8.2.1 A Segment: Passenger Vehicles Asia Pacific to Dominate The A Segment Passenger Vehicles Market
    8.2.2 B Segment: Passenger Vehicles Europe to Dominate The B Segment Passenger Vehicles Market
    8.2.3 C Segment: Passenger Vehicles Asia Pacific to Dominate The C Segment Passenger Vehicles Market
    8.2.4 D Segment: Passenger Vehicles The Market for D Segment Passenger Vehicles Segment is Driven By Large Sales of D Segment in The Asia Pacific Region
    8.2.5 E Segment: Passenger Vehicles Use of Modern Technologies in The European E Segment Passenger Vehicles is Expected to Drive The Automotive Software Market
    8.2.6 F Segment: Passenger Vehicles Improving Purchasing Power of People is Expected to Drive The F Segment Passenger Vehicles Market
    8.3 Commercial Vehicles
    8.3.1 Light Commercial Vehicles Increasing Sales of Light Commercial Vehicles in North America are Expected to Drive The Automotive Software Market
    8.3.2 Heavy Commercial Vehicles Improved Powertrain, Communication, and Safety System to Drive The Heavy Commercial Vehicles Market

    *9 Automotive Software Market, By Electric Vehicle*
    9.1 Introduction
    9.2 Battery Electric Vehicle (BEV)
    9.2.1 Adoption of Strict Emissions Norms By The Governments of Various Countries is Expected to Drive The Battery Electric Vehicle (BEV) Market
    9.3 Hybrid Electric Vehicle (HEV)
    9.3.1 Increasing Electronic Content for The Operations of Hybrid Powertrain is Expected to Drive Automotive Software Market
    9.4 Plug-In Hybrid Electric Vehicle (PHEV)
    9.4.1 Increasing Sales of PHEVs are Expected to Have A Significant Impact on The Automotive Software Market

    *10 Automotive Software Market, By Region*

    *11 Competitive Landscape*
    11.1 Overview
    11.2 Market Ranking Analysis
    11.3 Competitive Situations & Trends
    11.3.1 New Product Developments
    11.3.2 Expansions
    11.3.3 Partnerships/Supply Contracts/Collaborations/

    *12 Company Profiles*
    12.1 NXP
    12.2 Robert Bosch
    12.3 Renesas Electronics
    12.4 Blackberry
    12.5 Nvidia
    12.6 Microsoft Corporation
    12.7 Airbiquity
    12.8 Elektrobit
    12.9 Green Hills Software
    12.10 Wind River System
    12.11 Google
    12.12 Vector Informatik
    12.13 Apple
    12.14 Rightware
    12.15 Sigma Software Group
    12.16 Luxoft
    12.17 Autonet Mobile
    12.18 Aimotive
    12.19 Kpit Technologies
    12.20 Saferide Technologies LtdFor more information about this report visit

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    Laura Wood, Senior Press Manager
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    Related Topics: Software, Telematics and Vehicle Electronics, Electric and Hybrid Vehicles Reported by GlobeNewswire 7 minutes ago.

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    Migrants hide inside mattresses in desperate attempt to reach Europe Border officers recently discovered African migrants hidden inside mattresses in an attempt to reach... Reported by WorldNews 43 minutes ago.

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    *Wendel strengthens its position in Stahl by acquiring 4.8% of the capital from Clariant for €50 million*

    Wendel announces an agreement to acquire 4.8% of Stahl's capital from Clariant for a total cash amount of €50m. Following this deal, Wendel increases its ownership in Stahl to c. 67%^*. Clariant now owns c. 14.5%^* of the capital of Stahl and therefore drops out its board seat and its specific veto rights. The remainder of Stahl's capital remains held by BASF (c.16%), the company's management and other minority investors.

    This transaction contributes positively to Wendel's value creation. Wendel has been a long-term shareholder of Stahl since June 2006 and is its sole controlling shareholder since 2009.

    * % of economic ownership



    *2018* *Full-Year Results* / Publication of NAV as of December 31, 2018 (pre-market release).

    * *

    *About Wendel*

    Wendel is one of Europe's leading listed investment firms. The Group invests in Europe, North America and Africa in companies which are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as a controlling or lead shareholder in these companies. We implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of PlaYce and Tsebo in Africa.

    Wendel is listed on Eurolist by Euronext Paris.

    Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014

    Moody's ratings: Long-term: Baa2, stable outlook - Short-term: P-2 since September 5, 2018

    Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.For more information:

    Follow us on Twitter *@WendelGroup*


    · Wendel strengthens its position in Stahl.pdf Reported by GlobeNewswire 57 minutes ago.

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    *J**CDecaux wins Kansai airports 10 year exclusive digital advertising concession*

    *Paris, 3^rd January, 2019 - JCDecaux SA* (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced that its Japanese subsidiary MCDecaux (JCDecaux: 85%; Mitsubishi Corporation: 15%) has won the digital advertising concession of Kansai Airports' 10-year contract.

    Kansai Airports Group consists of 16 companies, including Kansai Airports, which was established by a consortium with VINCI Airports and ORIX Corporation as its core members. Kansai Airports has operated Kansai International Airport (KIX) and Osaka International Airport (ITAMI) since April, 2016, and Kobe airport since September, 2017.

    With this highly premium digital offer, MCDecaux will reach 100% of the 43.8 million passengers (+9% PAX growth in 2017) of both airports KIX & ITAMI.

    This first airport contract in Japan covers the design, installation and maintenance of 74 displays, including a network of 85'' digital LCD screens, 2 LED screens at 15m² each and 4 giant lightboxes at 60m² each.

    This key contract enables MCDecaux to enter digital airport advertising in Japan. It will complement its existing Street Furniture offer in the 3^rd largest advertising market in the world with an unrivalled presence of nearly 7,800 2m² advertising panels installed across 41 Japanese cities (including the 20 largest) and 160 shopping malls.

    JCDecaux is number one worldwide in airport advertising with more than 215 airports. Over the past few months, the Group, who already had 11 airports under concession in the Asia-Pacific region - six of which are ranked among the top 10 airports in Asia - has substantially developed this region with seven additional airports: Sydney, Perth, Auckland, Christchurch and Queenstown Airports, following APN Outdoor acquisition, and now Osaka and Kansai Airports.

    *Hideo Ichida, Corporate Executive Vice President and Chief Commercial Officer (non aeronautical) of Kansai Airports, *said: "We are delighted to have secured a deal with MCDecaux, the Japanese subsidiary of the number one outdoor advertising company worldwide, JCDecaux, and looking forward to seeing state-of-the-art digital ad screens installed throughout two of our airports - Kansai International Airport and Osaka International Airport. Hopefully, this deal will attract world-class clients we have not partnered with before, and the new ads will provide new and exciting experiences to airport guests."

    *Jean-Charles Decaux, Chairman of the Executive Board and Co-Chief Executive Officer of JCDecaux*, said: "We are extremely proud to have been chosen by Kansai Airports as the exclusive digital advertising operator for both Kansai International Airport (KIX) and Osaka International Airport (ITAMI). This first airport contract in Japan, a key milestone for our Japan subsidiary, will complement JCDecaux's airport offer in Asia. It demonstrates once again the experience and outstanding work of our local and international teams to secure the support of the world's largest airports. It also strengthens our aviation hub, covering all the world's major regions: Europe, North America, Asia-Pacific, the Middle East, Africa and Latin America. "Shaping a new journey" is Kansai Airports' mission statement; JCDecaux will contribute to their vision with an innovative offer that will benefit passengers as well as advertisers and their brands."

    *Key Figures for JCDecaux** *

    · 2017 revenue: €3,493m*, H1 2018 revenue: €1,643m
    · JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
    · JCDecaux is part of the FTSE4Good index
    · N°1 worldwide in street furniture (543,050 advertising panels)
    · N°1 worldwide in transport advertising with more than 215 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels)
    · N°1 in Europe for billboards (141,630 advertising panels)
    · N°1 in outdoor advertising in Europe (672,220 advertising panels)
    · N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels)
    · N°1 in outdoor advertising in Latin America (77,190 advertising panels)
    · N°1 in outdoor advertising in Africa (26,770 advertising panels)
    · N°1 in outdoor advertising in the Middle-East (18,650 advertising panels)
    · Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
    · 1,074,113 advertising panels in more than 80 countries
    · Present in 4,033 cities with more than 10,000 inhabitants
    · 13,040 employees

    * Restated from the retrospective application of IFRS 15, applicable from January 1^st, 2018

    *Communications Department**:* Agathe Albertini
    +33 (0) 1 30 79 34 99 -

    *Investor Relations**:* Arnaud Courtial
    +33 (0) 1 30 79 79 93 -


    · 01-03-18 #Kansai Airports_UK.pdf Reported by GlobeNewswire 57 minutes ago.

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    Airbus narrowed a sales gap against U.S. rival Boeing by finalising orders for 120 of the former Bombardier CSeries jet, but shares in Europe's top planemaker fell as doubts surfaced over a target for overall 2018 deliveries. Reported by Reuters India 6 minutes ago.

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    *Internal Combustion Engine Market (By Fuel - Petroleum [Diesel, Gasoline, Others], Natural Gas [CNG, LNG, Others]; By End-user - Automobile, Aviation, Marine) - Global Industry Size, Share, Trends and Forecast 2018 – 2026. **Advancement in technology leading to development of low temperature combustion engine and hybrid systems worldwide are driving the demand for the internal combustion engine market.*LOS ANGELES, Jan. 03, 2019 (GLOBE NEWSWIRE) -- The global demand for *internal combustion engine* accounted for 158,291 thousand units by 2017, in terms of volume. The market is projected to grow at 4.67% CAGR during the forecast period 2018-2025.

    The market, over the years, has experienced friction due to high dependence on fossil fuels which are limited reserves, and expectation for improving the internal combustion engine’s emission levels. However, the recent array of advanced technologies, including low temperature combustion engines and hybrid systems, have helped the industry gain traction, a trend expected to elevate industry growth over the forecast period.

    *Download a Sample of This Report for Better Understanding@ ***

    Various stringent laws for exhaust emissions and fuel economy worldwide is compelling the industry players to continuously work and invest towards R&D in order to innovate and develop high-speed and more efficient engines that can optimally satisfy the customers' needs and also minimize the environmental hazards. However, the governing bodies across the globe are hinting at replacing IC engines with more efficient and eco-friendly counterparts in the automotive sector. For instance, Norway, France, the U.K., India, the Netherlands are planning to ban IC engines sales by 2025. Germany and China are among the other countries who are also planning to enforce a ban on internal combustion engines but have not specified any time for the same.

    If electric vehicles manufacturers can develop the electric vehicle in the above mentioned timeframe set by various countries, to ban IC engines, it may turn into reality. In an optimistic scenario, the internal combustion engine going out of market anytime soon is highly unlikely due to various factors including adoption among the consumers, lack of sophisticated charging infrastructure across the globe and the price quotient of these vehicles being higher than the present scenario.


    In the global internal combustion engine market, the automotive ICE segment is expected to experience noteworthy growth anticipated by high vehicle demand over the period. Rising demand for efficient engines which have minimum carbon emissions, is among the other prime factors driving the growth of the global internal combustion engine market. Developing several combustion modes using advanced technologies such as homogeneous charge compression ignition (HCCI) is expected to escalate the growth of global internal combustion engine market in the coming years.

    The global internal combustion engine market is segmented into fuel, end-use and region. On the basis of fuel the global internal combustion market is segmented into petroleum and natural gas. Petroleum is further sub-segmented into diesel, gasoline and others, whereas natural gas is sub-segmented into CNG, LNG and others.

    On the basis of the end-use the global internal combustion engine market is segmented into automotive, aircraft, and marine. Automotive segment is sub-segmented into 50-200 HP, 200-300 HP and >300HP. The marine segment is further sub-segmented into 258-1000HP, 400-1400HP and 730-1800HP.

    On the basis of region the global internal combustion market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

    The aviation industry in the Asia Pacific market is booming and offers avenues for growth of the aircraft engines segment over the forecast years. Additionally, technological advancements such as multi-fuel capabilities that improve fuel mileage is expected to boost demand. The International Air Transport Association (IATA) forecasted an increase in the number of global flight passengers by 2030; in order to cater for this demand, the aviation industry is expected to raise its output globally, which would subsequently drive the aircraft engines segment, leading to the increasing demand for internal combustion engines, driving the global internal combustion engine market. Other factors for which growth of the global internal combustion engine market is attributed to are rising consumer disposable income and the follow-on increasing adoption of vehicles worldwide. Technological developments resulting in improvements in IC engines in terms of performance, emission, and fuel efficiency will also ignite product demand over the coming years.

    The global internal combustion engine market is characterized by the presence of experienced and established players. Key companies include Toyota Motor Corporation, Volkswagen AG, Volvo AB, Rolls-Royce Holdings plc, Mahindra & Mahindra Limited, Renault SA, Mitsubishi Heavy Industries, MAN SE, General Motors, Ford Motor, Fiat SpA, Caterpillar Incorporated, Shanghai Diesel Engine Company Limited, Bosch, and AGCO Corporation. Industry participants battle on the basis of price, new innovated product launches, and expanding market presence. Manufacturers regularly lay emphasis on strengthening their global footprint in order to improve market presence and achieve a spirited advantage.


    *The report is readily available and can be dispatched immediately after payment confirmation.*

    *Buy this premium research report @*

    *Would like to place an order or any question, please feel free to contact at  | +1 407 915 4157*

    *For Latest Update Follow Us:*




    *Browse More Press Releases:* Reported by GlobeNewswire 38 minutes ago.

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    EQS Group-News: Zur Rose Group AG / Key word(s): Capital Increase

    03.01.2019 / 18:00

    Press release

    Zur Rose Group increases share capital

    Zur Rose Group AG (SIX: ROSE) announces that its share capital recorded in the commercial register was increased from 8,369,985 shares by 355,887 shares to 8,725,872 shares. The new shares have been issued out of the existing authorized capital for payment of the share portion of the purchase price in connection with the acquisition of the e-commerce activities of Germany's third-largest online pharmacy medpex, which will be consummated soon.

    Investors and analyst contact
    Marcel Ziwica, Chief Financial Officer
    Email:, phone: +41 58 810 11 49

    Media contact
    Pascale Ineichen, spokesperson
    Email:, phone: +41 52 724 08 18

    Financial Calendar
    23 January 2019 Sales 2018
    21 March 2019 Annual results 2018
    17 April 2019 Q1/2019 Trading Update
    23 May 2019 Annual General Meeting
    21 August 2019 2019 Half-Year Results
    23 October 2019 Q3/2019 Trading Update

    Zur Rose Group

    The Swiss Zur Rose Group is Europe's largest online pharmacy and one of the leading medical wholesalers in Switzerland. With its business model, it offers high-quality, safe and cost-effective pharmaceutical care and thus contributes to reducing healthcare costs. It is also characterized by the continuous further development of digital services in the field of drug management in order to increase therapy safety. The creation of added value and a pronounced patient orientation make the Group an important strategic partner for service providers, cost units and industry.

    The Zur Rose Group is internationally present with strong brands, including Germany's best-known pharmacy brand DocMorris. The company employs over 1,000 people at various locations and generated a turnover of CHF 983 million in the 2017 financial year. The shares of Zur Rose Group AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker ROSE). The CHF 115 million corporate bond issued in July 2018 is also listed on the SIX Swiss Exchange (securities number 42146044, ISIN CH0421460442, ticker ZRO18). Further information at

    End of Corporate News --------------------

    Language: English
    Company: Zur Rose Group AG
    Walzmühlestrasse 60
    8500 Frauenfeld
    Phone: +41 52 724 08 14
    ISIN: CH0042615283
    Listed: SIX Swiss Exchange
    End of News EQS Group News Service Reported by EQS Group 29 minutes ago.

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    What does Europe’s solar plexus feel like first thing on a Sunday morning? The best way to find out is to drop by the town of Tongeren, smack on the border of the two halves of Belgium – French-speaking Wallonia and Dutch-speaking Flanders. Germany, Luxembourg, France and the Netherlands are all an hour’s drive away or less, and it seems as if they and every other member of the European Union have dispatched an emissary here, to what is possibly the greatest outdoor bazaar on... Reported by S.China Morning Post 23 minutes ago.

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    The Swiss stock market ended Thursday's session with a modest gain. The market returned to action following a 2-day holiday and bucked the overall trend in Europe. The strong performance of two of the three index heavyweights provided support to the overall market. Reported by RTTNews 21 minutes ago.

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    IDenta Corporation (OTCMKTS:IDTA) CEO Amichai Glattstein tells Proactive Investors the company's IDenta kits assisted in seizing $168 million worth of cocaine in South Korea as it was being transported between Mexico and China. Glattstein says in a regular check performed using their kits, the S. Korean government identified the illegal drugs. Glattstein says he's hopeful more cases like this will be announced by various governments. IDenta is selling its technology through distributors in Europe, Asia, Africa, Australia and New Zealand. Reported by Proactive Investors 17 minutes ago.

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    Apple's surprise warning to shareholders marks the first time the company has had to do this in 16 years· Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated.
    · CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday.
    · The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone.

    On Wednesday, Apple announced revenue for its holiday quarter would be significantly lower than expected. This is a warning so rare for the company that the last time it issued a similar letter to shareholders was 16 years ago.

    Originally, Apple told investors to expect revenues for its holiday quarter, which ended in December, to be as high as $93 billion — after halting trading on Wednesday, the company announced it was now revising its quarterly revenue guidance down to $84 billion, a decrease of nearly 8 percent. 

    The company largely blamed this on disappointing iPhone sales, "primarily in greater China," said CEO Tim Cook on CNBC. Cook also said last night's surprise announcement was due to "macroeconomic and some Apple specific" issues, including its year-long $29 battery replacement program.

    Apple's stock plunged dramatically in after-hours trading on Wednesday, and on Thursday morning, the stock opened at $144 — making it the fourth most valuable company, behind Microsoft, Google, and Amazon. In August, Apple became the first US company to hit a market cap of $1 trillion, but its stock took a beating as the market suffered through the "Red October."

    But this isn't the first time this sort of thing has happened. 

    Back in 2002, it warned investors in a letter to expect revenues around $1.4 billion — down from its original guidance of $1.6 billion.

    At this time, Apple was largely just selling personal computers, and had been selling its original iPod for less than a year. The iPhone wouldn't be announced until 5 years later in 2007.

    The company's reasoning 16 years ago was fairly similar to the issues flagged in Wednesday's letter: unexpected sales loss in countries outside the US (it cited weak markets in Europe and Japan), and a slow "Father's Day and graduation time" sale season, according to this June 19, 2002 report by CNN. 

    Apple blogger John Gruber pointed out the 2002 letter, written by then-CEO Steve Jobs, clocked in at a concise 200 words. Comparing that to Cook's 1,400 word letter yesterday, Gruber wrote, "delivering bad news was one area where Steve Jobs really shined in a way that Tim Cook just can’t."

    The fact remains, however, that even with the revised down revenue guidance, Apple will still announce massive profit for the quarter relative to the competition. To put things into perspective, Apple's iPhone sales alone earn the company more money than the revenue Microsoft generates — as a company.

    *Here's the letter Jobs wrote to investors in 2002: *

    Apple today announced that it expects to generate revenues of about $1.4 billion to $1.45 billion in the June quarter, down from previous guidance of about $1.6 billion. The lower-than-expected revenues are primarily due to soft demand in the consumer and creative markets such as advertising and publishing. Geographically, revenues in Europe and Japan have become particularly weak. The revenue shortfall is expected to be offset significantly by higher-than-expected gross margins primarily due to lower costs of some components. Accordingly, the Company has revised its earnings guidance to $.08 to $.10 per diluted share, compared to previous guidance of $.11 or slightly higher.

    “Like others in our industry, we are experiencing a slowdown in sales this quarter. As a result, we’re going to miss our revenue projections by around 10%, resulting in slightly lower profits,” said Steve Jobs, Apple’s CEO. “We’ve got some amazing new products in development, so we’re excited about the year ahead. As one of the few companies currently making a profit in the PC business, we remain very optimistic about Apple’s prospects for long-term growth.”

    *Here's the letter Cook published Wednesday: *

    To Apple investors:

    Today we are revising our guidance for Apple's fiscal 2019 first quarter, which ended on December 29. We now expect the following:

    Revenue of approximately $84 billion
    Gross margin of approximately 38 percent
    Operating expenses of approximately $8.7 billion
    Other income/(expense) of approximately $550 million
    Tax rate of approximately 16.5 percent before discrete items
    We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion.

    Based on these estimates, our revenue will be lower than our original guidance for the quarter, with other items remaining broadly in line with our guidance.

    While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates.

    When we discussed our Q1 guidance with you about 60 days ago, we knew the first quarter would be impacted by both macroeconomic and Apple-specific factors. Based on our best estimates of how these would play out, we predicted that we would report slight revenue growth year-over-year for the quarter. As you may recall, we discussed four factors:

    First, we knew the different timing of our iPhone launches would affect our year-over-year compares. Our top models, iPhone XS and iPhone XS Max, shipped in Q4'18 — placing the channel fill and early sales in that quarter, whereas last year iPhone X shipped in Q1'18, placing the channel fill and early sales in the December quarter. We knew this would create a difficult compare for Q1'19, and this played out broadly in line with our expectations.

    Second, we knew the strong US dollar would create foreign exchange headwinds and forecasted this would reduce our revenue growth by about 200 basis points as compared to the previous year. This also played out broadly in line with our expectations.

    Third, we knew we had an unprecedented number of new products to ramp during the quarter and predicted that supply constraints would gate our sales of certain products during Q1. Again, this also played out broadly in line with our expectations. Sales of Apple Watch Series 4 and iPad Pro were constrained much or all of the quarter. AirPods and MacBook Air were also constrained.

    Fourth, we expected economic weakness in some emerging markets. This turned out to have a significantly greater impact than we had projected.

    In addition, these and other factors resulted in fewer iPhone upgrades than we had anticipated.

    These last two points have led us to reduce our revenue guidance. I'd like to go a bit deeper on both.

    *Emerging Market Challenges*

    While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China. In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad.

    China's economy began to slow in the second half of 2018. The government-reported GDP growth during the September quarter was the second lowest in the last 25 years. We believe the economic environment in China has been further impacted by rising trade tensions with the United States. As the climate of mounting uncertainty weighed on financial markets, the effects appeared to reach consumers as well, with traffic to our retail stores and our channel partners in China declining as the quarter progressed. And market data has shown that the contraction in Greater China's smartphone market has been particularly sharp.

    Despite these challenges, we believe that our business in China has a bright future. The iOS developer community in China is among the most innovative, creative and vibrant in the world. Our products enjoy a strong following among customers, with a very high level of engagement and satisfaction. Our results in China include a new record for Services revenue, and our installed base of devices grew over the last year. We are proud to participate in the Chinese marketplace.


    Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline. In fact, categories outside of iPhone (Services, Mac, iPad, Wearables/Home/Accessories) combined to grow almost 19 percent year-over-year.

    While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone upgrades also were not as strong as we thought they would be. While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, US dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements.

    *Many Positive Results in the December Quarter*

    While it's disappointing to revise our guidance, our performance in many areas showed remarkable strength in spite of these challenges.

    Our installed base of active devices hit a new all-time high—growing by more than 100 million units in 12 months. There are more Apple devices being used than ever before, and it's a testament to the ongoing loyalty, satisfaction and engagement of our customers.

    Also, as I mentioned earlier, revenue outside of our iPhone business grew by almost 19 percent year-over-year, including all-time record revenue from Services, Wearables and Mac. Our non-iPhone businesses have less exposure to emerging markets, and the vast majority of Services revenue is related to the size of the installed base, not current period sales.

    Services generated over $10.8 billion in revenue during the quarter, growing to a new quarterly record in every geographic segment, and we are on track to achieve our goal of doubling the size of this business from 2016 to 2020.

    Wearables grew by almost 50 percent year-over-year, as Apple Watch and AirPods were wildly popular among holiday shoppers; launches of MacBook Air and Mac mini powered the Mac to year-over-year revenue growth and the launch of the new iPad Pro drove iPad to year-over-year double-digit revenue growth.

    We also expect to set all-time revenue records in several developed countries, including the United States, Canada, Germany, Italy, Spain, the Netherlands and Korea. And, while we saw challenges in some emerging markets, others set records, including Mexico, Poland, Malaysia and Vietnam.

    Finally, we also expect to report a new all-time record for Apple's earnings per share.

    *Looking Ahead*

    Our profitability and cash flow generation are strong, and we expect to exit the quarter with approximately $130 billion in net cash. As we have stated before, we plan to become net-cash neutral over time.

    As we exit a challenging quarter, we are as confident as ever in the fundamental strength of our business. We manage Apple for the long term, and Apple has always used periods of adversity to re-examine our approach, to take advantage of our culture of flexibility, adaptability and creativity, and to emerge better as a result.

    Most importantly, we are confident and excited about our pipeline of future products and services. Apple innovates like no other company on earth, and we are not taking our foot off the gas.

    We can't change macroeconomic conditions, but we are undertaking and accelerating other initiatives to improve our results. One such initiative is making it simple to trade in a phone in our stores, finance the purchase over time, and get help transferring data from the current to the new phone. This is not only great for the environment, it is great for the customer, as their existing phone acts as a subsidy for their new phone, and it is great for developers, as it can help grow our installed base.

    This is one of a number of steps we are taking to respond. We can make these adjustments because Apple's strength is in our resilience, the talent and creativity of our team, and the deeply held passion for the work we do every day.

    Expectations are high for Apple because they should be. We are committed to exceeding those expectations every day.

    That has always been the Apple way, and it always will be.

    Join the conversation about this story »

    NOW WATCH: China made an artificial star that's 6 times as hot as the sun, and it could be the future of energy Reported by Business Insider 8 minutes ago.

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