Despite its third quarter earnings being impacted by the 40-day strike against General Motors by the United Auto Workers, the United States auto maker managed to report a profit for the quarter because of the presence of a good amount of inventory with the company when the strike was announced and implemented in the middle…
Chinese President Xi Jinping has placed blockchain technology as a foundational layer for future development of platforms. On Monday, a Chinese central bank official stated, commercial banks will have to step up their application of blockchain technology in order to deepen their commitments towards digital finance. The comments were made by Li Wei, head of…
China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…
The move is likely to have ramifications with the sharing of intelligence with the United States. On Sunday, as per a report from the Sunday Times, British Prime Minister Boris Johnson is set to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network. According to senior government and security services…
Microsoft beat Amazon Web Services in securing the contract. Microsoft Corp has beaten Amazon.com Inc in winning a $10 billion cloud computing contract from the Pentagon, said the Defense Department in a statement. The contracting process, mired in allegations of conflict of interest even drew the attention of President Donald Trump, who has publicly taken…
A report by Indonesian investigators states that Xtra Aerospace had miscalibrated a sensor on Lion Air 737 which gave erroneous readings and led to the activation of an anti-stall system which pushed the plane’s nose downwards and led to the crash of the aircraft. The U.S. Federal Aviation Administration (FAA) has issued an order which…
Buenos Aires is also the location where AWS opened its office in 2018. According to a provincial bulletin dated Oct. 24, Argentina has allowed Amazon.com Inc’s Web Services division AWS to build an $800-million data facility in Buenos Aires. The data center will be built in a free trade area in Rosales near the port…
Twitter Inc cited issues with advertising efforts, which included product bugs and unusually low demand over the summer as the reasons for the social media company posting both revenues and profits much lower than what the market was expecting for the third quarter. The bad earnings report also resulted in a sharp drop in Twitter…
SoftBank is seeking funds to create a second technology fund. According to two sources familiar with the matter at hand, the founder and CEO of Japan’s conglomerate SoftBank Group Corp is slated to attend an investment conference in Saudi Arabia next week. The development comes as the Japanese company is seeking to raise more funds…
Much like the issues highlighted by the United States, Czech cyber security watchdog NUKIB has also warned of potential risks of allowing Huawei to build the backbone of the country’s communication network. On Thursday, Czechoslovakia’s industry minister was quoted as saying, it will follow the approach of Germany and other neighboring countries in addressing issues…
