On Tuesday, Singapore’s central bank stated, it has received 21 applications for digital bank licenses which includes 7 licenses for retail banking while the balance is for wholesale bank licenses. The development marks Singapore’s biggest liberalization of its banking sector in two decades as it pushes to bring about online-only banks which will have lower…
On Tuesday, the White House proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach”; it also said, it wants European authorities to follow its lead and avoid aggressive approaches. Producing a fact sheet the White House said, federal agencies should “conduct risk assessment and cost-benefit analyses…
At CES, the big technology industry show, Toyota unveiled its plans to develop a “Woven City”, which will be built at the site of a factory that is planned to be closed. The “Woven City” is a reference to Toyota’s early beginnings as a loom manufacturing company. The city will serve as a home to…
On Monday, Brazilian President Jair Bolsonaro stated Brazil will not impose a tax on solar energy. The support will boost Brazil’s development of clean sources of power. Bolsonaro’s statement comes in the wake of Brazilian power regulator Aneel saying it will is weighing the pruning of incentives for solar power.
In a statement Samsung Electronics said, it will introduce innovative and new devices in San Francisco on February 11. Analysts and consumers widely expect Samsung to unveil its new foldable phone and a new version of its flagship S model as it moves to maintain its lead and consolidate its position in the emerging foldable…
On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
During an interview with German magazine Wirtschaftswoche, Ryanair’s chief executive Michael O’Leary disclosed, the Irish budget airliner is prepared for further delays in the delivery of Boeing 737 MAX. He also mentioned that, compensation will be discussed only after the aircraft have been delivered. Boeing’s 737 MAX has been grounded since March 2019 following two…
On Thursday, German automotive supplier Robert Bosch stated, it has developed a sensor that allows cars to “see” the road in three-dimensions. The development could potentially lower the cost of technology and speed up the development of self-driving vehicles. In a statement, privately-held Bosch said, its internally-developed lidar sensor, which it will showcase at the…
On Thursday, Tesla Inc stated it will commence the delivery of a second batch of China-made Model 3 sedans to customers from January 7. Unlike the first batch of customers, who were Tesla employees, the second batch of customers aren’t Tesla employees, said Tesla’s representative.
European carmaker Volkswagen electric vehicle strategy is playing itself out, with the carmaker’s electric offensive picking up speed, as planned. In September 2019, VW unveiled its new all-electric ID.3 and in November production commenced at its Zwickau electric vehicle plant. With this major milestone under its belt, the Volkswagen brand is set to play a…
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