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Market News

Market News

Nokia, Japanese firms tie up on industrial-use 5G network services

Nokia, Japanese firms tie up on industrial-use 5G network services

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Nokia Corp. said Wednesday that it has tied up with five Japanese companies in offering next-generation 5G network services to corporate customers. The Finnish telecommunications giant will build the ultrafast communications networks with Japanese partners, including computer systems company NS Solutions Corp. and telecommunication equipment maker Hitachi Kokusai Electric Inc., mainly for manufacturers. The tie-up,…

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Electric vehicles pose a major threat to autoworkers’ jobs

Electric vehicles pose a major threat to autoworkers’ jobs

HCCR - Human Capital Consulting Recruiting

Electric vehicles may be the future for the auto industry. And if they are, that may spell the end of many traditional auto jobs. The problem for the workers is clear: The electric motors that will power those new vehicles have far fewer moving parts than traditional internal combustion engines and the transmissions that go…

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World’s first fully electric commercial aircraft takes flight in Canada

World’s first fully electric commercial aircraft takes flight in Canada

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The world’s first electric commercial during its maiden flight in Richmond, British Columbia Photograph: Jonathan Hayward/AP The world’s first fully electric commercial aircraft has taken its inaugural test flight, taking off from the Canadian city of Vancouver and flying for 15 minutes. “This proves that commercial aviation in all-electric form can work,” said Roei Ganzarski,…

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The No. 1 job of 2019 pays $140,000 — and its hiring growth has exploded 74%

The No. 1 job of 2019 pays $140,000 — and its hiring growth has exploded 74%

HCCR - Human Capital Consulting Recruiting

Call it hire power. On Tuesday, career and job site LinkedIn released its annual “Emerging Jobs” list, which identifies the roles that have seen the largest rate of hiring growth from 2015 through this year. No. 1 on the list: Artificial Intelligence Specialist — typically an engineer, researcher or other specialty that focuses on machine…

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Developers, Developers, Developers… The Key Ingredient for an Autonomous Revolution

Developers, Developers, Developers… The Key Ingredient for an Autonomous Revolution

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The death of Elaine Herzberg, the woman hit by a self-driving Uber car in Tempe, Ariz in March, was an awful tragedy. Uber and other major players such as Toyota and AI-chip maker Nvidia were right to suspend tests of self-driving vehicles on public roads until a full investigation of the accident was completed. But…

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Orsted signs world’s largest offshore wind PPA; Vestas signs 600 MW of US turbine deals

Orsted signs world’s largest offshore wind PPA; Vestas signs 600 MW of US turbine deals

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Power-hungry industrial groups are securing renewable power at competitive costs. (Image credit: Teppakorn) Denmark’s Orsted has signed a 100 MW power purchase agreement (PPA) with German chemical group Covestro for its planned 900 MW Borkum Riffgrund 3 offshore wind farm, Orsted announced December 4. The 10-year contract with Covestro represents the largest world’s largest corporate…

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Jera steps on the gas in Asia

Jera steps on the gas in Asia

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The Japanese energy heavyweight sees LNG as the right fuel at the right time for developing Asian economies Japan’s Jera hit a significant milestone in its journey to becoming the country’s largest integrated energy player in April this year when it completed the acquisition of the fuel receiving, storage, and gas transmission businesses and the…

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ANA opens world’s 1st shop with avatar robot in Tokyo

ANA opens world’s 1st shop with avatar robot in Tokyo

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A shopping avatar robot is shown to the press by ANA Holdings Inc in Tokyo on Wednesday. Photo: KYODO Japanese airline ANA Holdings Inc opened Thursday what it says is the world’s first store where customers can shop remotely through an avatar robot. Several stick-shaped robots standing 1.5 meters tall will be in the “avatar-in…

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Japan’s Jobs-for-Life System Ditched by Century-Old Ajinomoto

Japan’s Jobs-for-Life System Ditched by Century-Old Ajinomoto

HCCR - Human Capital Consulting Recruiting

Photographer: Kiyoshi Ota/Bloomberg Japan Inc.’s jobs-for-life system, which for decades has brought stagnant wages and crimped corporate mobility, is withering away. The latest evidence comes from food company Ajinomoto Co., which said Friday it is seeking to eliminate 100 jobs through manager buyouts as the seasoning maker seeks to recover from three straight years of…

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McLAREN RACING AND AUTOMATION ANYWHERE ANNOUNCE FORMULA 1 PARTNERSHIP

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Partnership to drive performance with intelligent automation McLaren Racing and Automation Anywhere, a global leader in Robotic Process Automation (RPA) today announced a Formula 1 partnership that will integrate artificially intelligent software robots (bots) into the team’s race operations. The multi-year technology partnership, beginning at the start of the 2020 Formula 1 season, will deploy…

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