Boost for IT spending as Oil price Drop US$1 Trillion boost for GDP
Importing countries to benefit over the next six months if Oil prices stay at US$50 per barrel
Canalys expects business and consumer IT spending will be boosted by the current oil shock, as prices remain below US$50 per barrel. Continuing oversupply and weakening demand have resulted in the value of Brent crude oil falling sharply since mid-2014, with prices down by more than 50%.
Media coverage and analysis has primarily focused on the negatives, in particular, the potential effects of deflation and currency fluctuations, and the impact on government budgets of oil exporting nations as well as the oil producing multinational companies. But Canalys believes the reduction in prices will also provide a short-term economic stimulus equivalent to a large tax cut, boosting corporate profits and consumer disposable incomes, which will filter into IT spending.
Read more: Boost for IT spending as Oil price Drop US$1 Trillion boost for GDP
AMD Executives Chip Manufacturer fired
Three top AMD executives at the chip manufacturer, including chip boss John Byrne, have been given their marching orders in a clean out as new chief executive Lisa Su tries to stem the company’s continuing losses.
In addition to Byrne, AMD’s Computing and Graphics Business Group general manager and Colette LaForce, AMD chief marketing officer, and Raj Naik, AMD’s chief strategy officer. At this point, AMD hasn’t said how or when it will fill LaForce’s and Naik’s positions.
Staples Cybercrime
More cybercrime, these guys are alwaystrying to stay ahead of the good guys in cybersecurity, Staples have announced that malware deployed at 115 of its stores nationwide gave hackers access to some 1.16 million customers' payment cards. If news of a Staples hack sounds familiar, that's because it is. Back in October, the company revealed that it was investigating a possible breach, after several banks identified a pattern of credit card fraud linked to Staples stores.
Goldgenie, Spread Their Wings and Set Flight for the UAE
Goldgenie are seeking an investors and partners in the UAE for a joint venture as part of their international expansion plan. The country is one of the brand’s biggest sales generating territories and Goldgenie are looking forward to exploring the market further and establishing a physical retail presence to compliment their online success in the region through working with a local business partner. Senior executives are in Dubai exploring opportunities with potential retail partners and explore this thriving luxury market of the Middle East.
Read more: Goldgenie, Spread Their Wings and Set Flight for the UAE
BT moving into Quad Play
BT Britain's biggest broadband and landline provider and has has announced that it wants to buy phone firm EE as it makes a play to re-enter the mobile market and become a Quad Play provider.
There have been rumours that company would do a deal with O2, but BT announced a decision on Monday 15th Dec to go with EE, who has been in negotiations with EE in secret. The deal edged forward last week when the boss of Telefónica flew to London.
BT is not new to mobile phones, in 1985 Cellnet was formed, a 60:40 joint venture between BT Group and Securicor, then in 1999, BT Group acquired Securicor's 40 percent share of Cellnet and the company was rebranded as BT Cellnet, then in 2002 this was spun off from the BT Group to form a new holding company, mmO2 plc, which introduced the new "O2" brand for the businesses.
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