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		<title>Beyond 5G: The 6G Revolution</title>
		<link>https://internationalfinance.com/magazine/industry-magazine/beyond-5g-the-6g-revolution/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=beyond-5g-the-6g-revolution</link>
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		<dc:creator><![CDATA[IFM Correspondent]]></dc:creator>
		<pubDate>Sun, 14 Jan 2024 17:24:26 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Magazine]]></category>
		<category><![CDATA[5G]]></category>
		<category><![CDATA[6G]]></category>
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		<category><![CDATA[Cyber-Physical Continuum]]></category>
		<category><![CDATA[Digitalisation]]></category>
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		<guid isPermaLink="false">https://internationalfinance.com/?p=49008</guid>

					<description><![CDATA[<p>Even though 5G networks have improved latency and speed, 6G is poised to take these advancements to unprecedented levels</p>
<p>The post <a href="https://internationalfinance.com/magazine/industry-magazine/beyond-5g-the-6g-revolution/">Beyond 5G: The 6G Revolution</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Given how quickly 5G networks have developed, 6G may seem like a far-off goal to some. However, the next generation of networking is already set to usher in a period of unprecedented creativity, connectivity, and game-changing opportunities.</p>
<p>The 6G technology has the potential to achieve previously unheard-of data speeds, extremely low latency, improved reliability, and ubiquitous connectivity. With these capabilities, it could open up a wide range of previously unthinkable applications. The introduction of 6G networks is anticipated to completely transform industries, economies, and society at large by enabling the Internet of Things (IoT) ecosystem and enabling the smooth integration of AI and immersive technologies.</p>
<p>As per a report published by the 5G Infrastructure Association, 6G technology is expected to introduce a near-instant and unrestricted complete wireless connectivity, which will significantly transform the way businesses function. And if forecasts come true, this game-changing technology might exist by the start of the following ten years.</p>
<p>Ericsson CEO Borje Ekholm said, &#8220;Future networks will be a fundamental component for the functioning of virtually all parts of life, society, and industries, fulfilling the communication needs of humans as well as intelligent machines. As accelerating automation and digitalisation continue to simplify people’s lives, the emerging cyber-physical continuum will continuously improve efficiency and ensure the sustainable use of resources.&#8221;</p>
<p>&#8220;The vision for 6G is built on the desire to create a seamless reality where the digital and physical worlds as we know them today have merged. This merged reality of the future will provide new ways of meeting and interacting with other people, new possibilities to work from anywhere and new ways to experience faraway places and cultures,&#8221; Ekholm added.</p>
<p><strong>6G is ready to deliver the hype</strong></p>
<p>Even though 5G networks have improved latency and speed, 6G is poised to take these advancements to unprecedented levels.</p>
<p>Donald Butts, InterDigital’s Senior Director of Technology Strategy, said, &#8220;While we have seen early adoption of 5G for practical virtual reality (VR) and augmented reality (AR) applications, 5G has not been able to deliver on the early hype due to myriad factors like costs, chip shortages, and politics. As a result, we’ve seen lacklustre adoption across both consumer and industry sectors despite there being a lot of work done in developing services and bringing them to market.&#8221;</p>
<p>Although 5G isn&#8217;t able to provide fully immersive experiences, Butts explains that 5G has set the stage for 6G to expand on and make these opportunities possible.</p>
<p>&#8220;While 5G provides data transfer rates that are far superior to previous generations, it still falls short of the conditions required to support immersive experiences. Extended reality (XR) and full immersive experiences require data transfer rates of 200Mbps to 5Gbps – far beyond what is currently possible with 5G. 6G, however, certainly holds promise in this regard, because it will utilise higher frequency bands and is said to provide speeds up to 100 times faster than 5G. This will be crucial to providing immersive experiences ‘on the go’, which may aid in its widespread adoption,&#8221; Butts added.</p>
<p><strong>Going beyond communications</strong></p>
<p>According to Victor Holmin, World Wide Technology&#8217;s Director of Portfolio and Consulting, 6G will mark a shift &#8220;beyond communications.&#8221;</p>
<p>&#8220;The network 6G will go beyond communications by creating a distributed neural network with the ability to integrate physical, biological and cyber systems. This will be done through establishing a bridge between cognitive computing, communications and sensing technologies. 6G will mark the beginning of a new era: the Internet of Behaviours and Intelligence of Everything,&#8221; Holmin explains.</p>
<p>The sensor network, increased connectivity speeds, and the latest wave of edge computing and AI-driven applications will open up a plethora of new intelligent industry use cases. If these predictions become a reality, the deployment of 6G has the potential to dramatically increase capabilities, across the full spectrum of global industries, including transforming the way that teams collaborate. </p>
<p>&#8220;Instead of spending hours on 2D Zoom or Teams meetings, we will meet in 3D digital spaces, where our avatars will have ‘real’ eye contact. We will be able to meet in groups and even express body language in real-time. If we need to hold a one-on-one meeting, we could simply switch all the participants out and find a quiet virtual space to connect. And if you want to visit a factory or try out a product, you could simply ‘fly’ or ‘teleport’ to a digital twin and experience it from there,&#8221; predicts technology blogger and influencer Bernard Marr.</p>
<p>Moreover, 6G will enable the virtual world more than in the past, according to Holmin.</p>
<p>&#8220;With 6G supporting virtual environments and haptic technology, the virtual world will be closer to the in-person experience than ever before. It could be possible to no longer need to spend time commuting to the office, as the office could virtually come to us in a matter of seconds through VR and AR applications. Virtual meetings would feel almost as real as in-person ones without us having to leave our homes,&#8221; Holmin noted.</p>
<p><strong>Enabling the future of remote work</strong></p>
<p>The introduction of 6G networks is expected to significantly alter remote work and how people and businesses interact and function. Employees working from remote will enter a new era of productivity, efficiency, and flexibility with access to advanced technologies, immersive collaboration, and improved connectivity. The distinction between physical and virtual workspaces will become less clear, allowing people and businesses to fully realise the benefits of remote work and transform the nature of work itself.</p>
<p>&#8220;The added capacity of 6G has the potential to give workers the ability to control and interact with industrial machinery in real-time from the safety of their home office. Haptic sensory suits, fuelled by the ease of quickly moving data across the network, could allow workers to maintain full control from the safety of a desk through a controller and headset while still communicating with colleagues,&#8221; Holmin comments.</p>
<p>The potential capabilities are so great that the so-called &#8216;Internet of Behavior&#8217; would come to pass if we could develop brain-machine interface devices that allow for the real-time sharing of thoughts and sensations.</p>
<p>&#8220;With 6G, the network itself will no longer be a constraint but instead ensure that almost any use case can be easily deployed. With a network as flexible as 6G is set to be, service providers will need to be flexible themselves, working collaboratively across the telecoms ecosystem and with customers to deliver solutions,&#8221; Holmin said.</p>
<p><strong>The cyber-physical continuum</strong></p>
<p>The cyber-physical continuum, which connects the physical world of senses, actions, and experiences, and its programmable digital representation, will allow free movement between the two. This is made possible by 6G. In addition to the metaverse as it is commonly known, which is a virtual world where avatars interact in virtual reality and augmented reality, 6G&#8217;s cyber-physical continuum goes much farther, offering a much closer connection to reality.</p>
<p>The cyber-physical continuum will enable the seamless coexistence of digital and physical objects as merged reality, improving the real world by projecting digital objects onto digitally represented physical objects. In the future, networks will be essential to almost every aspect of life, society, and industry, serving both intelligent machines and humans&#8217; communication needs. The growing cyber-physical continuum will continuously increase efficiency and guarantee the sustainable use of resources as people&#8217;s lives become more simplified by the rapid automatisation and digitalisation of society.</p>
<p>To send data and update the digital representation in real time, countless sensors will be embedded in the real world. Actuators in the physical world will perform tasks that have been programmed in the digital representation in the interim. The 6G network platform aims to bring intelligence, constant connectivity, and complete synchronisation to this new reality.</p>
<p><strong>How a 6G rollout could change work pattern</strong></p>
<p>A rollout of 6G will enhance the way we connect online. Rather than devoting numerous hours to 2D Zoom or Teams meetings, we will convene in 3D virtual environments where our avatars will establish &#8216;authentic&#8217; eye contact. We will have the capability to convene in clusters and convey nonverbal cues instantaneously. If a one-on-one meeting is required, we could easily swap out everyone and locate a peaceful virtual area to meet. Furthermore, you could &#8216;fly&#8217; or &#8216;teleport&#8217; to a digital twin and experience a product or factory directly from there.</p>
<p>Also, businesses will be able to offer engrossing VR and AR training experiences with 6G technology, which will expedite knowledge transfer between teams and improve retention. The aerospace and engineering giant Honeywell is already enhancing its training initiatives with AR and VR. New hires are given mixed reality headsets by the company, which allow them to &#8216;see&#8217; the work that other employees are performing. The VR and AR technology overlays information to help the new hires learn as they imitate the tasks.</p>
<p>With the 6G rollout, people can experience the new social media world. We will use mixed reality glasses to view people&#8217;s 3D worlds—rendering them in real-time and customising them just for us—instead of accessing their 2D profiles on smartphones. For instance, we might go to someone&#8217;s virtual house and enjoy their artwork and vacation memories rendered in three dimensions. Alternatively, we could arrange a virtual planet get-together for a fireside conversation with our new and old social media friends.</p>
<p>The medical field will undergo a revolution thanks to 6G technology. We&#8217;ll have smart sensors floating through our bloodstream, measuring and monitoring every facet of our health with lightning-fast data speeds. These networked devices will gather data continuously, analyse it, and provide recommendations and health issue predictions ahead of time.</p>
<p>Additionally, smart devices that can provide medical attention and physical support will be available to us. These devices will be backed by online digital avatars that are updated regularly. Our healthcare sector will transition from a reactive to a personalised and predictive model with the help of these new developments. This will significantly affect everyone who works in the healthcare industry today and completely change the way we take care of our health in the future.</p>
<p>With 6G connectivity, we will have real-time, 4D maps that can help us manage the extreme traffic of our future cities, including autonomous vehicles on the ground (and even in the air). Highly precise sensors in cars and base stations that can navigate and provide you with the fastest, most comfortable commute will make your commute better.</p>
<p>The post <a href="https://internationalfinance.com/magazine/industry-magazine/beyond-5g-the-6g-revolution/">Beyond 5G: The 6G Revolution</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>IP holders necessitate data transparency</title>
		<link>https://internationalfinance.com/technology/ip-holders-necessitate-data-transparency/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ip-holders-necessitate-data-transparency</link>
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		<dc:creator><![CDATA[International Finance Business Desk]]></dc:creator>
		<pubDate>Mon, 05 Oct 2020 14:33:22 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[data transparency]]></category>
		<category><![CDATA[internet]]></category>
		<category><![CDATA[IP holders]]></category>
		<category><![CDATA[network]]></category>
		<category><![CDATA[technology]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=38286</guid>

					<description><![CDATA[<p>Each IP address is linked with identifiable information that is automatically received by other devices linked to the internet</p>
<p>The post <a href="https://internationalfinance.com/technology/ip-holders-necessitate-data-transparency/">IP holders necessitate data transparency</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Knowing key details about IP holders bear a great deal of importance in the digital world in terms of data transparency. This is because they directly correspond with the capability to identify network abnormalities and reiterate preemptive measures to protect data.</span></p>
<p><span style="font-weight: 400;">Each IP address is linked with identifiable information that is automatically received by other devices also linked to the internet. The data on IP holders can be looked up in one of the</span> <span style="font-weight: 400;">WHOIS</span><span style="font-weight: 400;"> public directories that respond to IP search queries and retrieve relevant records.</span></p>
<p><span style="font-weight: 400;">Vincentas Grinius, CEO at IPXO, in a statement said that the internet infrastructure market players should retain in-depth access to such databases as they detect network abnormalities and react to potentially alarming threats. </span></p>
<p><span style="font-weight: 400;">“Organisations in this line of work should not be subject to such barriers, as they hold up safeguards against possible network break-ins,” said V. Grinius. “Adding additional steps or cutting off access to the data hinders the capacity to efficiently identify threats, report fraud, or any other malicious activities, leaving companies’ hands tied up.”</span></p>
<p><span style="font-weight: 400;">Considering their importance in the context of preserving data transparency, WHOIS databases remain a high priority</span> <span style="font-weight: 400;">target</span><span style="font-weight: 400;"> for hackers. Scammers set up malicious domains resembling major brands</span><span style="font-weight: 400;">—</span><span style="font-weight: 400;">an event also referred to as “cybersquatting”</span><span style="font-weight: 400;">—</span><span style="font-weight: 400;">to later carry out </span><span style="font-weight: 400;">phishing, malware distribution,</span><span style="font-weight: 400;"> or other cyber scams. </span></p>
<p><span style="font-weight: 400;">“To put it in simple terms an IP address is a key element in the Internet’s ecosystem. The more transparently it is managed, the more likely it is that fraudulent attempts will be kept to a bare minimum,&#8221; explained V. Grinius. &#8220;Having access to the right information could be compared to having a litmus paper, as it helps to indicate the quality of IP resources or alert companies of its bad reputation to prevent falling victim to fraud.&#8221;</span></p>
<p><i><span style="font-weight: 400;">The media release was shared with International Finance.</span></i></p>
<p>The post <a href="https://internationalfinance.com/technology/ip-holders-necessitate-data-transparency/">IP holders necessitate data transparency</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Audi and Ericsson test 5G technology in vehicle production</title>
		<link>https://internationalfinance.com/technology/audi-and-ericsson-test-5g-technology-in-vehicle-production/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=audi-and-ericsson-test-5g-technology-in-vehicle-production</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 07 Aug 2018 08:45:38 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[5G]]></category>
		<category><![CDATA[application]]></category>
		<category><![CDATA[Audi]]></category>
		<category><![CDATA[Communication]]></category>
		<category><![CDATA[Components]]></category>
		<category><![CDATA[Ericsson]]></category>
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		<guid isPermaLink="false">https://www.internationalfinance.com/?p=20082</guid>

					<description><![CDATA[<p>The luxury vehicle manufacturer has joined forces with the telecommunications technology firm to test the use of the emerging 5G mobile phone and network technology in automotive production </p>
<p>The post <a href="https://internationalfinance.com/technology/audi-and-ericsson-test-5g-technology-in-vehicle-production/">Audi and Ericsson test 5G technology in vehicle production</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The project , focused on the Industrial Internet of Things (IIoT),  is also known as Industry 4.0. The collaboration is aimed towards investigating the potential of 5G as a future-proof communication technology that meets the high demands of vehicle production.  In the second half of 2018, a team of experts from Audi and Ericsson are primed to test a 5G radio cell in a pilot plant at the Audi Production Lab in Gaimersheim near Ingolstadt.</p>
<p>The fully networked factory is set to have a major impact on future production, according to industry experts. A powerful network architecture that can react in real time is vital for this development.</p>
<p>Frank Lloyd, Chief Information Officer of Audi AG, stated: &#8220;As part of the Ericsson project, we are testing the opportunities offered by 5G technology for industrial applications in the smart factory,”. In addition, whether 5G can also be used in other factories within the Audi Group will also be explored.</p>
<p>Ericsson has claimed that it already runs 5G industrial programs around the world. According to the Swedish company, this is intended to help manufacturers increase productivity and create innovative business models.</p>
<p>5G technology has numerous network characteristics that are essential in modern production with increasingly flexible and complex production processes. For example, 5G allows higher data throughput rates and more network capacities and promises highly secure availability. In addition, low latencies promise faster reaction times between different elements within the factory system.</p>
<p>In their test field, the two companies will focus on a particularly latency-critical application: The team tests the wireless interaction between an industrial robot and an adhesive application &#8211; an automated process that is the order of the day in automotive production. Ericsson&#8217;s proof-of-concept (PoC) network used for this purpose is designed to integrate alternative or complementary technologies to those currently in use &#8211; such as WiFi or cable-based connections of production components.</p>
<p>The two companies have signed a Memorandum of Understanding at Audi&#8217;s headquarters in Ingolstadt in Germany.</p>
<p>The post <a href="https://internationalfinance.com/technology/audi-and-ericsson-test-5g-technology-in-vehicle-production/">Audi and Ericsson test 5G technology in vehicle production</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Facebook removes 32 accounts after finding &#8216;sophisticated&#8217; efforts to disrupt US politics</title>
		<link>https://internationalfinance.com/in-the-news/facebook-removes-32-accounts-after-finding-sophisticated-efforts-to-disrupt-us-politics/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=facebook-removes-32-accounts-after-finding-sophisticated-efforts-to-disrupt-us-politics</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 01 Aug 2018 08:30:08 +0000</pubDate>
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		<guid isPermaLink="false">https://www.internationalfinance.com/?p=19931</guid>

					<description><![CDATA[<p>The company stated in a blog post that it removed the accounts from Facebook and Instagram, after finding them involved in "coordinated" political behavior</p>
<p>The post <a href="https://internationalfinance.com/in-the-news/facebook-removes-32-accounts-after-finding-sophisticated-efforts-to-disrupt-us-politics/">Facebook removes 32 accounts after finding &#8216;sophisticated&#8217; efforts to disrupt US politics</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>While the company did not explicitly state that the effort was aimed at influencing the midterm elections during november—the timing of the suspicous activity was found to be consistent with such an attempt.</p>
<p>Facebook said early stages of the investiation have been initiated, and held briefings in the House and Senate this week.</p>
<p>While the exact nature of the party responsible for the behaviour remains unknown—it is very possible that it may be connected to Russia. The company said that it has found connections between the accounts it removed, and the accounts connected to Russia’s Internet Research Agency—that it had removed before and after the 2016 US presidential elections.</p>
<p>“Today’s disclosure is further evidence that the Kremlin continues to exploit platforms like Facebook to sow division and spread disinformation, and I am glad that Facebook is taking some steps to pinpoint and address this activity,&#8221; said US Senator Mark Warner, in a statement to Fox News.</p>
<p>&#8220;I also expect Facebook, along with other platform companies, will continue to identify Russian troll activity and to work with Congress on updating our laws to better protect our democracy in the future,” he added.</p>
<p>Facebook also released a statement, which said: “It’s clear that whoever set up these accounts went to much greater lengths to obscure their true identities than the Russian-based Internet Research Agency (IRA) has in the past. We believe this could be partly due to changes we’ve made over the last year to make this kind of abuse much harder.”</p>
<p>The earliest page was found to be created in March 2017. Facebook revealed that more than 290,000 accounts followed at least one of the fake pages. The most followed Facebook Pages had names like &#8220;Aztlan Warriors,&#8221; &#8221;Black Elevation,&#8221; &#8221;Mindful Being,&#8221; and &#8220;Resisters.&#8221;</p>
<p>Facebook also said that the pages ran about 150 ads for $11,000 on Facebook and Instagram&#8211; paid for in U.S. and Canadian dollars. The first ad was created in April 2017, and the last was created in June 2018.The perpetrators also used virtual private networks (VPN) and internet phone services, and paid third parties to run ads on their behalf.</p>
<p>Facebook said that is partnership with the Atlantic Council helped it to identify the bad actors. One of the groups with roughly 4,000 members was located based on leads from US Special Counsel Robert Mueller&#8217;s recent indictment of 12 Russian nationals for their role in hacking and spreading misinformation during the 2016 US presidential election.</p>
<p>The post <a href="https://internationalfinance.com/in-the-news/facebook-removes-32-accounts-after-finding-sophisticated-efforts-to-disrupt-us-politics/">Facebook removes 32 accounts after finding &#8216;sophisticated&#8217; efforts to disrupt US politics</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Tesco to lay off 1000 jobs</title>
		<link>https://internationalfinance.com/economy/tesco-to-lay-off-1000-jobs/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tesco-to-lay-off-1000-jobs</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 10 Jan 2017 10:45:26 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[1000]]></category>
		<category><![CDATA[Chesterfield]]></category>
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		<category><![CDATA[off]]></category>
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		<category><![CDATA[UK]]></category>
		<category><![CDATA[Welham Green]]></category>
		<guid isPermaLink="false">http://142.4.4.69/beta/?p=4735</guid>

					<description><![CDATA[<p>This is part of changes that will reduce the number of distribution centres in UK from 25 to 23</p>
<p>The post <a href="https://internationalfinance.com/economy/tesco-to-lay-off-1000-jobs/">Tesco to lay off 1000 jobs</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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										<content:encoded><![CDATA[<p class="semiBold13"><strong>January 10, 2017:</strong> As a part of the revamp of its distribution network, Tesco says 1,000 people are to be laid off. The changes, according to the company, form part of a wider programme of transformation, which has been taking place over the last two years. The proposed changes will reduce the number of Tesco distribution centres from 25 to 23 in the UK.</p>
<p>The company, however, expects to create 500 jobs.</p>
<p>The revamp of Tesco&#8217;s logistics involves the closure of distribution centres in Welham Green, Hertfordshire and Chesterfield. Welham Green&#8217;s grocery operations will move to the Reading distribution centre while the majority of general merchandising will move to one distribution centre at Middlesbrough.</p>
<p>Tesco is also withdrawing from a warehouse shared with logistics firm DHL in Daventry, Northamptonshire. Clothing operations there will move to the nearby Tesco Daventry distribution centre.</p>
<p>The post <a href="https://internationalfinance.com/economy/tesco-to-lay-off-1000-jobs/">Tesco to lay off 1000 jobs</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Euronet Worldwide acquires UK-based ATM operator YourCash</title>
		<link>https://internationalfinance.com/banking/euronet-worldwide-acquires-uk-based-atm-operator-yourcash/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=euronet-worldwide-acquires-uk-based-atm-operator-yourcash</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 11 Oct 2016 03:34:21 +0000</pubDate>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[acquire]]></category>
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					<description><![CDATA[<p>Adds 5,000 ATMs across the UK, Netherlands, Belgium and Ireland October 11, 2016: Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global electronic payments provider, has completed the acquisition of UK-based ATM operator YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the UK, Netherlands, Belgium and Ireland. With the addition of YourCash, the combined businesses will operate independent ATM networks in 21 European countries. YourCash...</p>
<p>The post <a href="https://internationalfinance.com/banking/euronet-worldwide-acquires-uk-based-atm-operator-yourcash/">Euronet Worldwide acquires UK-based ATM operator YourCash</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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										<content:encoded><![CDATA[<p class="semiBold13">Adds 5,000 ATMs across the UK, Netherlands, Belgium and Ireland</p>
<p><strong>October 11, 2016:</strong> Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global electronic payments provider, has completed the acquisition of UK-based ATM operator YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the UK, Netherlands, Belgium and Ireland.</p>
<p>With the addition of YourCash, the combined businesses will operate independent ATM networks in 21 European countries. YourCash provides Euronet with additional experience and resources in key Western European markets and a greater access to retailers, particularly in the UK and Netherlands. YourCash will benefit from Euronet&#8217;s leading ATM processing capabilities, large-scale operational expertise, additional capital for ATM deployments, as well as a best-in-class technology platform, which will enable more value-added products on their ATMs and diversify the value propositions to their merchant and bank partners.</p>
<p>&#8220;YourCash has a management team that shares our vision of bringing financial convenience to customers, and has a proven track record of delivering strong growth in new and existing markets,&#8221; said Nikos Fountas, Euronet&#8217;s Executive Vice President and Chief Executive Officer &#8211; EFT Europe. &#8220;This is a great opportunity to leverage the benefits that each organisation brings to the partnership in order to expand Euronet&#8217;s ATM coverage across Europe, create additional value for all of our customers, accelerate revenue growth and achieve market synergies across the businesses.&#8221;</p>
<p>Jenny Campbell, CEO and principal shareholder of YourCash, said, &#8220;We are excited to join the Euronet family. After years of excellent organic growth and expansion into new markets, we are excited to be able to leverage Euronet&#8217;s global scale, value added product portfolio, technology, industry expertise and financial strength to further expand our business.&#8221;</p>
<p>YourCash generated approximately £29.0 million in 2015 revenues and is expected to be accretive to Euronet&#8217;s Adjusted Cash Earnings per Share by approximately $0.07 &#8211; $0.08 in the first full year of operations.</p>
<p>Not including the ATMs of YourCash, Euronet operates nearly 26,000 ATMs across 50 countries and provides services to approximately 185,000 ATMs around the world.</p>
<p>The post <a href="https://internationalfinance.com/banking/euronet-worldwide-acquires-uk-based-atm-operator-yourcash/">Euronet Worldwide acquires UK-based ATM operator YourCash</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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