The attempt of digitization of the European Union would crucially depend on ensuring cyber security and the fast development of IT skills, believes the European Commissioner for Digital Economy and Society – Mariya Gabriel. “Security is a top priority for European citizens, but digitization adds one more dimension to it — cyber security,” Gabriel said…
As per a study conducted by the United Nations, adopting blockchain technology could potentially boost the turnover of importers and exporters by 44% while slashing their cost by up to 31%. On Monday, in a significant development, HSBC Holdings Plc disclosed it has successfully completed the world’s first trade finance transaction using blockchain technology. The…
An attempt by the U.S. authorities to tax big businesses has brought to unlikely foes together – Amazon and organized labor in Seattle. Some leaders in Seattle have expressed their desire to charge large employers for every employee of them working in Seattle keeping in mind the housing crisis being faced in America’s prosperous cities.…
KodakOne, Kodak’s blockchain project, has largely been linked to its surging share prices. It is the vehicle through which it aims to be once again relevant in the photography industry. In a development that aims to protect and improve digital rights management, Wenn Digital, a developer of an image protection blockchain platform licensed by Eastman…
In April 2018, as a per CNN report, advertisements of more than 300 companies ran on extremist channels on YouTube, thus they may have unknowingly financed them. As per a blog published by Cisco’s chief marketing officer Karen Walker, Cisco Systems Inc is pulling all its online ads from YouTube citing fears that they are…
The Chinese state media reported that an 18 years prison statement sentence has bene delivered on the founder of the Chinese insurance company Anbang, owner of New York City’s Waldorf Hotel, by a court in Shanghai on Thursday. The sentence was delivered after he pleaded guilty of illegally raising billions of dollars from investors. 10.5…
Following the decision of the U.S. government to ban U.S companies from selling vital components to the Chinese company ZTE, it has stopped its primary operations in the country, the company announced on Wednesday. The U.S. government had taken the step last month. This has put the company at the center of the ongoing trade…
Uber is working with aviation regulators around the globe to win up-front approvals and aims to demonstrate the service in 2020 with paid flights set to begin in 2023. In a strategic move, Uber Technologies Inc has re-opened a contest for the selection of the first international city for its proposed flying taxi project. The…
Pakistan’s top and South Asia’s largest e-commerce platform Daraz Group has been taken over by China’s e-commerce giant Alibaba Group. The Chinese company acquired all of the share capital of the Pakistani company, said a statement from the company on Tuesday. Daraz is the owner and operator of the popular Taobao and Tmall platforms and…
Control of leading Indian e-retailer Flipkart will be taken over by Walmart for $16 billion against a stake of 77%. Walmart has been attempting to create a dent into the Indian market and now its has the chance to do so via Flipkart. Wholesale outlets of the Arkansas-based retailer have been prevented to be opened…
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