Tag Archives: demand

Reliance Jio Launches Asia-Africa-Europe Submarine Cable System to Cater to Video Demand

HIGHLIGHTS Jio launched the Asia-Africa-Europe (AAE-1) submarine cable system It’s capable of bringing up to 40 terabits of new capacity to the region The cable system will stretch over 25,000km from France to Hong Kong Reliance Jio on Thursday launched the Asia-Africa-Europe (AAE-1) submarine cable system, which will deliver up to 40 Terabits of new capacity in the region. The AAE-1 ... Read More »

BMW expands X1 production following strong demand

BMW has just announced that it will expand production of the new X1. The brand, in fact, will start producing the crossover in another production facility in Born in the Netherlands. The Netherlands plant will share production of the X1 for the global markets with BMW’s Regensburg facility. The former has built three Mini models since its inception in 2014. ... Read More »

Audi partners up again to meet rising demand in China

Sources reveal that due to the response from the Chinese market, Audi is bumping up its local production by inking a deal with China’s SAIC Motor Corp that allows them to make cars locally with SAIC. Currently, Audi produces all its cars in China with the FAW Group Corp at two plant locations, one in Foshan near Guangzhou, and the ... Read More »

Chinese demand could make VW world’s largest automaker

Amidst all the cheating scandal, Volkswagen Group is en route to take pole position and may go on to be the world’s biggest-selling automaker for the year 2016! What comes as a surprise is that VW has surpassed four time in-a-row champion – Toyota, by selling 7.61 million vehicles worldwide over the 7.53 million vehicles Toyota sold in the nine ... Read More »

Will world be able to meet 68.8 million teachers demand by 2030? Check more details of UNESCO report here

On the occasion of World Teachers’ Day, the United Nations Education, Science and Cultural Organisation (UNESCO) released a report stating that there is a need to recruit millions of teachers in order to provide quality universal primary and secondary education by 2030, which is the deadline of the UN Sustainable Development Goals (SDGs). The UNESCO Institute for Statistics launched its ... Read More »

Skoda increases Yeti production following high demand

The Skoda Yeti may not be a hot seller here in the Indian market; however, it’s a completely different story in mainland Europe. The crossover model is selling in big numbers in European markets, so much so that Skoda has had to expand the production capacity. In all, Skoda has delivered more than 580,000 units of the Yeti worldwide. In ... Read More »

Blue Honor 8 sees high demand in UK, stock nearly depleted

Looks like the blue-colored model of the Huawei Honor 8 is in high demand in the UK, as reports are pouring in that the model is facing severe stock shortages in the country. Other color variants, however, are said to be readily available. There’s currently no information on exactly how long the shortage as well as the existing stock will ... Read More »

Seagate will cut 6,500 staff despite uptick in hard disk demand

hard disk drive from Seagate Credit: Seagate 1COMMENT John Ribeiro IDG News Service Jul 11, 2016 7:40 PM Seagate Technology will cut about 6,500 jobs worldwide, or 14 percent of its workforce, with most of the cuts in manufacturing jobs, it said Monday. The data storage maker had said in June that it was aiming to cut 1,600 employees, or ... Read More »

Banks report drop in demand for loans

Investors aren’t the only ones running for safety as the market tumbles and the economy wobbles. Businesses, too, are indicating an unwillingness to take on risk as loan demand declined for the first time in about four years, according to the Federal Reserve’s Senior Loan Officer Survey released this week. Demand for commercial and industrial loans has plunged in 2016, ... Read More »