SYDNEY: Xref Limited and CVCheck Ltd announced the details of a strategic alliance. As a result of the agreement, Xref’s reference checks will be made available to all CVCheck users, while users of the Xref platform will be able to add multiple products from CVCheck to their verification process. Xref is a high growth business…
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S&P affirms credit ratings of Taiwan Semiconductor Manufacturing
HONG KONG: S&P Global Ratings has affirmed its ‘AA-‘ issuer credit ratings on Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). S&P also revised liquidity assessment on the company to strong from exceptional. TSMC’s plan to accelerate investments in advanced 7 nanometer (nm) and 5nm process technology should help it maintain its technology leadership, support faster growth…
Pakistan launches official startup portal to encourage technology innovation
ISLAMABAD: Pakistan’s corporate sector regulator has launched an exclusive startup portal to encourage technology innovation in the country during the ‘Startup Grind Pakistan’ conference in Islamabad. The portal features list of startups, simplified user experience for registration, access to mentors and incubation centres, online guides and video tutorials for Startup companies. Science and technology is…
S&P revises Nokia’s outlook to negative on weak cash flow prospects
FRANKFURT: S&P Global Ratings revised telecom network equipment vendor Nokia outlook to negative on weaker cash flow prospects, and affirmed the rating at ‘BB+’. “Nokia needs to step up investments in its 5G products during a critical stage when market demand is ramping up,” S&P noted. The negative outlook reflects the possibility of a one-notch…