New Zealand will independently asses risk of using Huawei’s 5G equipment

Dismissing reports that New Zealand will adopt Britain’s approach, Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. On Monday, New Zealand’s Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. The development…

SoftBank Group invests $400 million in Abu Dhabi’s Mubadala Investment Co

Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…

New Zealand looking at introducing Digital Service Tax

The development is in line with those of other countries who are aiming to bring large multinational companies within the ambit of their tax net. On Monday, in a significant development, New Zealand disclosed it aims to update its laws in order to tax the earnings of multinational tech companies, including Facebook, Amazon.com, Google. The…

Alibaba Negotiating With Metro For A Stake In Later’s China Business

Negotiations are going on between Germany’s Metro and Chinese e-commerce giant Alibaba Group Holding Ltd for the Chinese company potentially taking up a stake in the German company’s China operations according to a report published by Reuters. The report however carried no comments from either Metro or Alibaba. According to the report quoting sources, the…