According to the global financial stability watchdog, the current rules to regulate the cryptocurrency sector are inadequate and hence regulators need to spruce up their risk assessments of the sector. The body further said that that there can be gaps in the policies of regulators on digital currencies because of any fast technological advancements. In…
The first quarterly report as a public company issued by United States based ride-hailing firm Uber has revealed a loss of $1 billion as the company is now investing heavily in building up its food delivery and freight businesses. The report however showed a 20 per cent rise in its revenues at $3.1 billion which…
The largest e-commerce firm in the world Amazon.com Inc is considering purchasing the prepaid cell phone wireless service Boost Mobile which is jointly owned by the United States carriers T-Mobile US Inc and Sprint Corp, according to reports quoting a couple of sources who were privileged with the information. According to the reports quoting the…
The likelihood of Amazon acquiring Boost is high given that it is already building experience in this industry by offering phone calls through its Echo Connect product which allows Alexa-enabled devices to make phone calls. According to two sources familiar with the matter at hand, Amazon.com Inc is eyeing to acquire Boost Mobile, a prepaid…
Britain plans on reducing the stacking of aircraft in its airspace and thus reduce carbon and noise pollution. On Friday, in a statement the British government stated, it will modernize its airspace and make the aviation sector greener by cutting the amount of fuel it burns by a fifth. Britain’s Department for Transport (DfT) said,…
China’s massive reaction to the U.S. move of placing just a single company – Huawei – on the Entity’s list only confirms the assessment by various intelligence agencies of the role played by the Chinese government in Huawei. China’s technology research group The China Computer Federation (CCF) has suspended its communications with U.S. based Institute…
All apps that are aimed at facilitating sale of marijuana have been banned by Google by the addition of a rule irrespective of such apps operating legally or illegally. However Google is not attempting to eliminate all pot-related services from its Google Play Store, the company said. This move by Google would prove to be…
The criticisms of iPhone maker Apple’s dominance on the platform and treatment of its rivals was answered by the US tech giant as it published a defense of its App Store practices. Criticisms of the competitive practices implemented by Apple have been criticized by a host of its rivals including Spotify. These have resulted in…
It would most likely not be before august of this year that regular services can begin for Boeing Co’s 737 MAX which are currently grounded all across the world after two fatal crashes within a period of just five3 months involving the crafts. This was opined by the head of the International Air Transport Association…
Speculation is rife that China could use its dominant position as an exporter of rare earths to the U.S. as leverage in the ongoing trade war. On Thursday, China’s commerce ministry stated, Beijing is willing to meet reasonable demand for rare earths from countries, but it would not be acceptable that those countries who use…
