UK to remove Huawei 5G equipment from its network by 2025

In a significant development, the British government is likely to set a deadline for removing Huawei’s 5G related telecommunication equipment from Britain’s telecom network by 2025. Britain’s cultural minister Oliver Dowden is scheduled to make a statement in Parliament on Tuesday on this move; British ministers are pushing to remove Huawei’s telecom equipment from the…

Facebook mulls banning politicians’ ads ahead of Nov.3 U.S. presidential elections

According to three sources familiar with the matter at hand, Facebook Inc is weighing options which include imposing a ban on political ads on its social network in the days leading up to the November 3 U.S. Presidential elections in the United States, reads a report from Bloomberg News. Facebook’s spokesman declined to comment on…

A Confident Disney To Reopen Its Park In Florida Amidst Rising Cvoid-19 Cases

Even with a growing number of Covid-19 cases in the state, Walt Disney World will be reopening in Orlando, Florida. The Covid-19, the respiratory disease caused by the novel coronavirus, pandemic has hit Disney very hard. Theme parks of the company across the world have been forced to shut down, operate its sports channel ESPN…

ING shuts down 25% of its branches, accelerates move towards digital banking

On Friday, Dutch banking giant ING stated, it will close 25% of its brick-and-mortar bank branches in the Netherlands since the COVID-19 pandemic has accelerated the trend of digital banking. ING, the Netherlands’ biggest bank, said it would shut 42 of its 170 branches in its home market with all of the affected 150 employees…

Honda Motor buys 1% stake in China’s Contemporary Amperex Technology, to jointly develop EV batteries

On Friday, Japanese automaker Honda stated, it has decided to purchase a 1% stake in China’s electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) for an undisclosed amount. Both companies will jointly develop EV batteries. The development comes as EV battery makers and automakers pursue an electric vehicle future. In 2019, CATL had said…

Can definitely supply 5G network to UK: Samsung

On Thursday, Samsung’s vice president Woojune Kim stated, the South Korean giant was in active commercial discussions with European operators to supply network equipment. The company is investing its resources in 4G, 5G and 6G technologies rather than legacy ones. “The one thing that is a challenge for Samsung entering the UK or European market…

Tesla very close to Level 5 autonomous driving technology: Elon Musk

On Thursday, in a significant development, Elon Musk, the CEO of U.S. electric vehicle maker Tesla Inc said, Tesla is “very close” to Level-5 autonomous driving technology. Musk went on to add, he was confident Tesla would attain basic functionality of the technology in 2020. Musk made these remarks via a video message at the…

SAP’s revenues grows despite coronavirus-induced global lockdowns

In a statement SAP said, its business activity gradually improved during the second quarter despite the impact of the coronavirus-induced global lockdown; it saw its revenues and operating profit edge up during the quarter. The German software maker has confirmed its full-year profit outlook. During the second quarter, SAP’s total revenues increased by 2% to…