Tag: Swedish krona

BusinessTelecom

Ericsson Navigates Flat RAN Market with Strategic Focus on 5G Standalone Transition

Ericsson’s third-quarter earnings reveal a 9% revenue decline to 56.2 billion SEK amid challenging market conditions. The telecommunications giant reportedly plans continued cost-cutting measures while positioning 5G Standalone technology as its primary growth opportunity heading into the 6G era.

Ericsson’s Mixed Quarter Amid Market Challenges

Telecommunications equipment giant Ericsson reported a mixed third quarter for the financial year, with sources indicating the vendor is navigating what it describes as a “flat” RAN market. According to reports, the company saw revenues drop by nine percent year-on-year to 56.2 billion Swedish kronor ($5.9 billion), though analysts suggest organic decline was just two percent when accounting for foreign-exchange movements.

by Jessica Moore P.E.
Economy and TradingInnovation

2025 Nobel Economics Prize Winners: Mokyr, Aghion, Howitt Honored for Innovation and Creative Destruction Research

Three distinguished economists have been awarded the 2025 Nobel Memorial Prize in Economic Sciences for their transformative research on how innovation and creative destruction fuel economic development. Their work explains the mechanisms behind technological progress and economic transformation that have lifted billions from poverty.

Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel economics prize for their pioneering research on how innovation and the forces of “creative destruction” drive economic growth, the Royal Swedish Academy of Sciences announced Monday. The prestigious award recognizes decades of work explaining how technological advancement transforms economies and improves global living standards.

Groundbreaking Research on Economic Transformation

by Jessica Moore P.E.