BlackBerry to stay in Pakistan after gov't drops server-access request

WATERLOO, Ont. -- BlackBerry (TSX:BB) says it will remain operating in Pakistan after that country's government backed off from its request to gain access to the company's BES servers.

See Full Article

Marty Beard, chief operating officer of BlackBerry, wrote on the company's blog Thursday that the Waterloo, Ont.-based technology firm decided to stay in Pakistan once the government's decision was made.

BlackBerry previously said it would rather close its operations in Pakistan than accept that country's demands for "unfettered" access to its BES servers.

The company had been considering its options ahead of a Dec. 30 deadline.



Advertisements

Latest Economic News

  • Outgoing Sears Canada employees try to stop $7.6M in bonuses for execs

    Economic CTV News
    Former and current employees of Sears Canada have filed a legal motion in an attempt to stop dozens of company executives from splitting $7.6 million in retention bonuses while many laid-off workers miss out on severance payments. Source
  • Adidas to sell CCM to Toronto-based firm for $110 million US

    Economic CBC News
    German sportswear manufacturer Adidas has announced an agreement to sell its CCM hockey-equipment subsidiary to a Canadian firm for $110 million US. The multinational said Thursday it will sell CCM to Toronto-based Birch Hill Equity Partners, with the majority of the transaction to be paid in cash. Source
  • White House and congressional leaders scrap import-based tax

    Economic CTV News
    WASHINGTON -- Trump administration officials and congressional leaders are no longer considering an import-based tax system to rewrite the tax code, which was welcomed by Foreign Affairs Minister Chrystia Freeland. A border tax system had been contemplated to lower rates without blowing a hole in the American budget. Source
  • Amazon profit slumps 77% as costs surge, shares fall

    Economic CBC News
    (Reuters) Amazon.com Inc. reported a 77 per cent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India. The company's shares, already up nearly 41 per cent this year, were down 2.6 per cent at $1,019 US in after-hours trading on Thursday. Source
  • Starbucks to shutter all Teavana stores as sales disappoint

    Economic CTV News
    NEW YORK -- Starbucks plans to shutter all its Teavana stores as it seeks to improve its financial performance. The company said Thursday it will close all 379 Teavana locations over the coming year. Source
  • Liberals set up fast-track system for infrastructure bank approvals

    Economic CTV News
    OTTAWA -- The federal infrastructure bank is many months away from opening its doors, but Liberals have given a group of civil servants the power to help fast-track approval of projects for private funding well in advance. Source
  • Branson sells majority stake in Virgin Atlantic in broader tie-up

    Economic CTV News
    LONDON -- Richard Branson is selling his majority stake in Virgin Atlantic. The billionaire entrepreneur's Virgin group announced Thursday that he was selling a 31 per cent stake to Air France-KLM for 220 million pounds ($287 million). Source
  • U.S. Republican leaders announce end of border tax proposal

    Economic CBC News
    A Republican proposal in the House of Representatives to institute a border tax on imported items has been killed, party leaders said on Thursday, saying they did so as part of a tax overhaul deal struck between congressional and administration negotiators. Source
  • Twitter shares take beating as user growth stalls

    Economic CTV News
    Twitter shares took a pounding Thursday after the company reported stalled growth in a key measure of its user base, sparking fresh fears over the future of the social network. Twitter, which has been struggling to keep pace in the fast-moving world of social media, reported a net loss of $116 million in the second quarter, slightly wider than its $107 million loss a year ago. Source
  • Prime spot: Amazon's Jeff Bezos briefly becomes richest man in the world

    Economic CTV News
    Amazon founder Jeff Bezos briefly snagged the crown of “richest person in the world” on Thursday from Bill Gates, in Forbes’ realtime rankings of the wealthiest billionaires on the planet. Bezos’ net worth spiked to US$90.5 billion Thursday morning, putting him just ahead of the Microsoft founder’s $90-billion fortune. Source