Jaguar Land Rover vehicles to use BlackBerry software

Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to Jaguar Land Rover. (Reuters)
Updated 22 March 2018
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Jaguar Land Rover vehicles to use BlackBerry software

BENGALURU: Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd’s infotainment and security software in its vehicles, the companies said on Thursday.
The licensing deal with Tata Motors Ltd’s JLR is the Canadian firm’s latest in the automobile industry following agreements with Qualcomm Inc, Baidu Inc. and Aptiv.
Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to JLR.
The Waterloo, Ontario-based company has sought to reinvent itself after the collapse of its smartphone business, focusing on a rapidly changing auto industry that is racing to add more autonomous features and ultimately build self-driving cars.
BlackBerry’s shares have risen more-than 80 percent in Toronto in the past year.
The QNX unit, which has long been used to run car infotainment consoles, is expected to start generating revenue in 2019.
“Connected and autonomous vehicles will react and drive based on rich data. Our platforms help process data efficiently and keep it secure and trusted,” said John Wall, general manager of BlackBerry QNX.
JLR, which was bought by the Tata group in 2008, said last year that all its new cars would be available in electric or hybrid versions from 2020.
Britain’s biggest carmaker said in January it would open a software engineering center in Ireland to work on advanced automated driving and electrification technologies.


Abu Dhabi, Shanghai plan exchange focusing on China trade

Updated 17 sec ago
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Abu Dhabi, Shanghai plan exchange focusing on China trade

DUBAI: The emirate’s international financial center, has agreed in principle with the Shanghai Stock Exchange to cooperate in establishing an exchange focusing on China’s foreign trade and investment, ADGM said on Monday.
The partners signed a memorandum of understanding to develop the exchange in Abu Dhabi. It would cater to companies and investors involved in China’s Belt and Road initiative, a Beijing-backed drive to win trade and investment deals along routes linking China to Europe.
“At ADGM, we have the international platform to serve different kinds of enterprises and investors — global, regional and local — seeking exposure to the Middle East and North Africa and Belt and Road projects,” said Richard Teng, chief executive of ADGM’s Financial Services Regulatory Authority.
Teng said he could not give specifics of which instruments the new exchange would trade or when it might open, saying this would depend on demand among stakeholders in both ADGM and Shanghai.
Chinese financial institutions have approached ADGM to discuss the financial environment in Abu Dhabi and their development needs in the six-nation Gulf Cooperation Council (GCC), he added.
Trade and investment ties between China and the GCC have been growing rapidly. The region is a big oil supplier to China, and Sino-United Arab Emirates trade exceeded $46 billion in 2016, according to Beijing’s official Xinhua news agency.
Ultimately, the new exchange will support not only the Belt and Road initiative but also the internationalization of the Chinese yuan in the region, Teng said.
Abu Dhabi is trying to build up ADGM, which opened in October 2015 and is smaller than the international financial center in neighboring Dubai, as part of a drive to develop its economy beyond oil exports.