It aims to achieve 100% coverage by 2022. The British government is studying the pros and cons of the proposal and may consider a legislative approach to achieve the target. British telecommunication giant BT is set to invest $778 million (600 million pounds) to further the aims of the British government to provide faster…
Ahead of a controversial national vote on Sunday that has sparked severe unrest in that country, some hedge funds are taking big bets on Venezuelan debt. Despite the threat of more sanctions by the U.S. and other nations, particularly against Venezuela’s state-owned oil company known as Petroleos de Venezuela, S.A., or PDVSA and widespread condemnation, the…
In allegations that widen the scope of the latest scandal to hit the nation’s auto industry, allegations of colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition have bene placed against German’s major automakers in a U.S. lawsuit of acting as a cartel. According to a…
Even as fears n sparked that Southeast Asia’s largest economy could embark on a Philippine style drug war, the country has expressed a willingness to let authorities shoot down drug dealers, having come under pressure from widespread illegal narcotics distribution. Indonesian President Joko Widodo or Jokowi recommended police to shoot drug traffickers who resisted arrest and said that…
A person’s chances of developing diabetes could be significantly get reduced of that person consumes alcohol three to four times per week, claimed a new study. While issuing warning that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition, the researchers in the study have identified…
The wireless carrier is ramping up its fibre optic network ahead of the launch of its fixed 5G wireless technology. As per sources familiar with the matter at hand, Verizon Communications Inc is said to be in talks to acquire WideOpenWest Inc’s fiber optic network in the Chicago area and has offered more than $200…
The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…
This is going to be a landmark bill. In a significant development, an influential U.S. House committee has overwhelmingly approved a revised bipartisan bill on a 54-0 vote that will speed the deployment of self-driving autonomous vehicles in the country and bar states from blocking autonomous vehicles. The bill allows automakers to obtain…
As the Persian Gulf carriers grapple with the impact of terrorism on global traffic flows and a low oil price that’s crimped local travel, the full extent of the pressures facing them were revealed after Etihad Airways recorded a $1.87 billion annual loss. A $808 million hit from the reduced value of stakes in so…
Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…
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