U.S. aircraft surveillance firm Aireon shares position data of crashed Ukraine International Airlines with authorities

On Thursday, Aireon, a U.S. aircraft surveillance firm stated, it has collected the position data from the Ukraine International Airlines jet that crashed in Iran on Wednesday. Aireon is sharing this data with the appropriate authorities, said is spokeswoman. Aireon’s satellite-based global tracking system captures more detailed data than is available on commercial websites like…

Singapore liberalizing its banking sector, receives 21 applications for digital bank licenses

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…

German automotive supplier Robert Bosch develops affordable mass market Lidar technology

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…

Shipping industry proposes $5 billion fund to develop cleaner technology

With 90% of the world’s trade being transported by sea, the Global shipping industry contributes around 2.2% of the world’s CO2 emissions. In order to cut down emission levels, shipping associations have proposed creating a research fund. They have already raised $5 billion to develop technology to help the sector comply with U.N. emission targets.…

Facebook, Google has up to Nov. 2020 to comply to Australian competition rules

On Thursday, Australia made it lucidly clear to technology giants Facebook Inc and Google Inc that will have to agree and comply to Australia’s new rules, designed to ensure that they do not abuse their market power and damage competition, failing which the government will impose new controls on them. In a statement, Australian Prime…

Renault, Nissan and Mitsubishi form new R&D-focussed alliance

According to a report from Japan’s Kyodo News, Renault SA, Nissan Motor Co and Mitsubishi Motors Corp have agreed to form a new company focused on research and development of advanced automotive technologies. The trio’s new alliance will announce concrete plans in January 2020, reported Kyodo citing sources familiar with the matter. This new strategic…

These two rules will further tighten the screws on Huawei

According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…

U.S. unveils procedures which shields telecom networks from national security threats

In a significant development, the United States has unveiled a procedure which is aimed at protecting its telecommunications networks as well as their supply chains, from national security threats. In May 2019, U.S. President Donald Trump had issued an executive order declaring a national emergency which bars U.S. companies from using telecommunications equipment made by…