Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
Italy Fines Apple €98.6 Million Over App Store Dominance 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Daimler and Nokia are battling in court for patent infringement claims on the side of the Finnish telecom company. Now the luxury automaker agreed to pay patent fees for using the phone maker's patents.
The Daimler and Nokia patent dispute
The agreement to pay the fees effectively ended Daimler and Nokia’s row over technologies. As per Reuters, the two companies have filed a lawsuit against each other in German courts, and this has been going on for a while now.
Nokia has been earning €1.4 billion or around $1.7 billion just in licensing every year, and it also wants Daimler to pay for royalties for the technologies it has been using. Overall, telecom companies want automakers to pay for the use of navigation systems, self-driving car tools, and vehicle communications, but Daimler thinks it should be the suppliers that should pay; thus, the legal fight has started.
The court battle finally ended on Tuesday, June 1, when Daimler and Nokia released a joint statement after reaching an agreement. It was said that this is a win for the latter following a victory against the Chinese computer maker, Lenovo, for a similar dispute in April.
“Daimler and Nokia announced today that they have signed a patent licensing agreement,” the companies said in a press release. “Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return. The parties have agreed to settle all pending litigation between Daimler and Nokia, including the complaint by Daimler against Nokia to the European Commission.”
Then again, the companies did not reveal the terms of their agreement and said that they will not be revealing these details. They would like for them to remain confidential and only known to both parties.
The official end of the litigation
While Nokia and Daimler did not divulge the terms they signed for their patent licensing deal, the two firms affirmed that both sides will withdraw all the lawsuits, and litigations will stop from here now.
Experts say that the agreement is good for Nokia. "We welcome the settlement, from an economic point of view and because we avoid lengthy disputes," Daimler’s spokesperson stated.
