Xiaomi picks up $1B for global push

first_img Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 28 JUL 2017 Xiaomi off the hook in the US Previous ArticleEtisalat CEO praises flexibility in face of market challengesNext ArticleApple to cut VPN services from App Store in China Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Chinese smartphone maker Xiaomi secured a $1 billion loan, as it looks to accelerate global expansion and explore new retail opportunities.The company struck a three year syndicated loan agreement with a group of 18 banks across Europe, the Middle East, India, China, Hong and Taiwan, and follows a similar loan secured in 2014.Donovan Sung, Xiaomi’s global spokesperson, said on Twitter the loan “was a strong endorsement of Xiaomi by the international capital markets”.Sung added the loan will be used to address CEO Lei Jun’s (pictured) strategic development aims, outlined earlier this year, including globalisation and identifying new retail opportunities.The company did not specify which new international markets it is targeting.Earlier this month, Xiaomi talked up a “return to fast track growth”, following a period of declining sales, as intensifying competition took its toll.During Q2, the company shifted a record 23.16 million devices. CEO Jun said in a letter that the company was targeting a goal of 100 million shipments in 2018.In regards to its retail ambitions, the company has opened 149 stores in China, and it has also established its first in India, with the hope of opening 100 over the next two years. Kavit Majithia US backs down on Xiaomi rowcenter_img Related Devices Home Xiaomi picks up $1B for global push Author Xiaomi smartphone surge bears fruits Xiaomilast_img read more

News Scan for Nov 18, 2014

first_imgECDC: Increased antibiotic resistance in Europe ‘truly alarming’Effective antimicrobial treatment options for certain infections in European countries continue to narrow, according to the newly released Antimicrobial Resistance Surveillance in Europe 2013 report, issued yesterday by the European Centre for Disease Prevention and Control (ECDC).The report, compiled from European Antimicrobial Resistance Surveillance Network (EARS-Net) data, presents resistance data from 30 countries for seven microorganisms: K pneumoniae, Escherichia coli, Pseudomonas aeruginosa, Actinotobacter, Streptococcus pneumoniae, Staphylococcus aureus, and Enterococci.Among the most concerning findings is increasing resistance of K pneumoniae to carbapenems, which are among the last-line agents for multidrug-resistant Gram-negative bacteria. Carbapenem resistance remains relatively low in most countries, but in mean percentage for the population-weighted European Union (EU)/European Economic Area (EEA), the resistance of K pneumoniae increased significantly, from 4.6% in 2010 to 8.3% in 2013.Said European Commissioner for Health and Food Safety Vytenis Andriukaitis in the ECDC release, “The near doubling of resistance in a certain bacteria in three years is truly alarming, and illustrates the need to tackle the issue from all directions.” He labeled antimicrobial resistance “one of the most pressing public health issues of our time.”Also of concern is that K pneumoniae showed resistance to polymyxin E (colistin), a backup drug for carbapenem-resistant K pneumoniae, for the first time, being observed in 5% of isolates. ECDC Director Marc Springer called this a “worrying development.” He added, “We are gradually returning to the ‘pre-antibiotic era,’ when bacterial diseases could not be treated and most patients would die from their infection because there was no effective treatment.”Good news came regarding methicillin-resistant Staphylococcus aureus (MRSA). A significant decreasing trend was seen from 2010 to 2013, although it was not as large as the drop in the previous 4-year period, and the EU/EEA population-weighted mean MRSA percentage remained above 25% in 7 of the 30 reporting countries. Nov 17 ECDC press releaseECDC full report Saudi Arabia reports new MERS case, recoveries, and deathSaudi Arabia’s Ministry of Health (MOH) today reported a new MERS-CoV case and a recovery from the disease in separate cities in Al-Kharj governorate. The MOH also reported 1 recovery yesterday and 1 death on Nov 16 in previously confirmed patients.The case reported today involves an 84-year-old Saudi woman from Al-Kharj city who is hospitalized in critical condition. She is not a healthcare worker (HCW) and had no exposure to animals. The MOH reports that she had a preexisting medical condition and is investigating whether she had contact with suspected or confirmed MERS-CoV (Middle East respiratory syndrome coronavirus) patients.Today the MOH noted that a 32-year-old female expatriate from Riyadh has recovered from MERS. She is an HCW and had no preexisting disease. Yesterday the agency confirmed that a 33-year-old Saudi man from Riyadh had recovered from the disease. He had an underlying medical condition and is not an HCW.The patient whose death was reported on Nov 16 was a 57-year-old Saudi man from Riyadh. He was not an HCW and had a preexisting medical condition.The new case, recoveries, and death bring the Saudi MERS-CoV total to 806 cases. Fourteen cases are active, 449 people have recovered, and 343 people have died. Nov 18 Saudi MOH update Nov 17 Saudi MOH update Nov 16 Saudi MOH updatelast_img read more

Lampard ready for wild Championship ride with Derby

first_imgLONDON,  (Reuters) – Chelsea great Frank Lampard could hardly have chosen a tougher entry route into a managerial career he hopes will one day rival his playing days — the English Championship. Lampard will take charge of Derby County for the first time in a competitive game on Friday when his side travel to Reading — the first of 526 matches involving 24 clubs in England’s second tier.Many of them, including Derby, will harbour genuine hopes of returning to the promised land of the Premier League.With only two automatic promotion places on offer and another escape route offered through a four-team playoff, the Championship has become one of the most gruelling and unpredictable leagues in Europe. It truly is a survival of the fittest.Lampard, who signed a three-year contract in May having ended his illustrious playing career with New York City, will have his work cut out.Derby finished sixth last season under Gary Rowett, falling in the playoff semi-finals to Fulham. Achieving a similar position would be an impressive achievement for Chelsea’s all-time record goalscorer.Not only will Derby have to contend with the three clubs relegated from the Premier League with lucrative parachute payments — Stoke City, West Bromwich Albion and Swansea City — there are a host of other clubs like local rivals Nottingham Forest, Middlesbrough, Leeds United and Aston Villa all desperate to get back to where they feel they belong.“I am under no illusions, I know I will be judged on results, style of play,” the 40-year-old Lampard told Sky Sports. “With 46 games in 40 weeks, the judgement will come in thick and fast.” It is 10 years since former English champions Derby were in the Premier League — one of the reasons Lampard said he was persuaded to take the job.“It was sold to me, and it wasn’t a hard sell because of the size of the club,” he said.“I know that it has been 10 years outside of the Premier League, but when I actually first drove to Derby I was struck by the passion and intensity of the fan-base in this city, what it means to every fan here. “Of course promotion is the target, every club in the Championship has the same target. But we will go step-by-step. We want to maximise everything out of the team.”Lampard will soon discover the intense rivalry with Nottingham Forest who have not been in the top flight since 1999 but who are being tipped as promotion favourites this season.Whatever lies in store for Derby, Lampard will receive a priceless managerial education as he vies with the likes of vastly-experienced bosses such as Middlesbrough’s Tony Pulis, Villa’s Steve Bruce, Steve McLaren at Queens Park Rangers and Marcelo Bielsa, who is the latest to try and revive Leeds United.last_img read more