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…
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,…
The argument that if Britain is okay with using Huawei’s 5G equipment means its alright for other countries to use may not gel very well since one man’s meat is another man’s poison. In a development that bodes well for China’s Huawei, the Financial Times has reported citing two sources familiar with the conclusion of…
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…
According to a report published in the Washington Post on Thursday, the US based largest social media platform of the world Facebook could be facing penalties to the tune of billions of dollars as it attempts to settle a case with the US government which is related to the lapses made by the company over…
A $700 million investment round, in which Amazon was a major player, was announced to have been successfully completed by electric truck start-up Rivian which is also touted to be a potential rival to US electric auto maker Tesla. It was just months ago that the company, based out of Michigan i n United States,…
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…
The Chinese ride hailing giant aims to focus on its core businesses this year. On Friday, a source familiar with the matter at hand disclosed, Chinese ride sharing giant Didi Chuxing will be laying off 15% of its workforce, roughly 2,000 people, in 2019. According to the source, Didi Chuxing’s CEO Cheng Wei told during…
A crypto currency has been created by US investment bank JP Morgan to allow a section of its customers who are in the wholesale business to be able to make payments in digital currencies. This is the first time that a digital coin has been developed by a US based major bank. The bank said…
According to media reports quoting sources, the British Prime Minister Theresa May has been told by US car maker Ford Motor Co that some of its production processes would have to be moved out of the UK due to Brexit, this was conveyed by the company during a conference call on Tuesday with May. According…
