The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…
The fund is aimed at getting a better understanding on how 5G data can be optimally managed in all aspects including cybersecurity. In a statement, the Canadian government stated, it will provide $30 million (C$40 million) in funding to Finland-based Nokia for research on 5G wireless technology. The funding will help Nokia better get a…
The extradition request from the U.S. to Canada is likely to occur by the end of January 31. The United States has informed Canada that it plans on making a formal request to extradite Huawei’s Chief Financial Officer Meng Wanzhou on allegations violation of U.S. sanctions against Iran, stated the Globe and the Mail in…
The partnership aims to collect data from vehicle communication, crash detection, and diagnostics and provide big-data analytics to corporate clients, insurers and emergency responders. In a statement, German auto supplier Robert Bosch GmbH and Canadian startup have said, the two firms have teamed up to collaborate on a wide spectrum of digital services in the…
The move is aimed at maintaining the chinks in the well-oiled, tried and tested global automobile supply chain. U.S. demands for changes in NAFTA could significantly impact automakers and autospare makers. On Friday, an association of Japanese automakers stated, it hoped Japan’s export partners would stick to existing free trade relationships and keep tariffs on…
JPMorgan’s blockchain platform was built using Quorum, a type of open-source blockchain that it has developed in-house and is looking to spin-off. On Friday, JPMorgan Chase & Co disclosed, it has field tested tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms. The platform is…
Emerging from bankruptcy protection, the firm is pushing to reinvent its brick-and-mortar stores as well as rejig its website to take on more e-commerce. Specialty retailer Toys “R” Us Inc stated it will be closing one-fifth of its stores in the U.S. in the coming months as it struggles to emerge from one of its…
Quayside is an upcoming waterfront project in Toronto’s Lake Ontario which Alphabet is developing as a smart city. Canada has contracted Alphabet Inc to plan a mixed-use development along Toronto’s Lake Ontario waterfront using smart urban design and cutting edge digital technologies. As per Sidewalk Labs, a unit of Alphabet which develops new technologies for…
The Equifax hack has affected 693,665 consumers in UK , 145.5 million in the U.S. and 8,000 in Canada. In yet another startling revelation, Equifax Inc said, 15.2 million records of its clients in Britain were compromised in the cyber attack that it suffered last month; this includes sensitive information affecting nearly 700,000 consumers. The…
The Vector Institute’s governing board includes Google, Uber and many of Canada’s largest banks. The institute is being set up as a global hub for artificial intelligence. The Vector Institute, which the Canadian government set up earlier this year in a bid to help establish Toronto as a global hub in artificial intelligence with more…
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