Rejecting a petition filed by China’s ZTE Corp, the Federal Communications Commission (FCC) stated, the Chinese company continues to be a national security threat to the United States’ communications networks. In June, the FCC had designated China;s Huawei Technologies Co and ZTE as threats to national security and had bared the duo from accessing U.S.…
In a statement, Oki Matsumoto, the head of Japan’s Monex Group said, digital currencies of Japan’s central bank will help boost trading of cryptocurrencies by providing a trusted and convenient platform for converting them into legal tenders. Welcoming the move the Bank of Japan, Matsumoto, the CEO of the Monex Group said, it will look…
On Tuesday, in a significant development, the price of Bitcoin touched its all-time high of $19,000 for the first time in around three years. Bitcoin, the world’s most popular cryptocurrency was last up by 3% at $18,918, near its all-time record of $19,666. In November, its price jumped by 40% and is up by around…
In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd. The Telecommunications (Security) Bill…
In a significant development, Deutsche Bahn and Siemens Mobility have started developing hydrogen-powered fuel cell trains as well as filling station; trials for the same will commence in 2024. In time these will replace diesel powered train engines on Germany’s local rail networks. A prototype, which will be built by Siemens, will be based on…
On Friday, Astanor Ventures, a backer French insect breeder Ynsect as well as Germany’s vertical farmer InFarm stated, it had raised a $325 million fund to invest in sustainable agriculture, food, and ocean technology startups. The new fund will back ventures that seek to make the food supply more resilient to climate change and attempt…
In a significant move, French Finance Minister Bruno Le Maire said, the European Union should press ahead with plans for a digital tax in the bloc. The call comes at a time when the OECD is weighing options which include the rewriting of international tax rules. On Wednesday, G20 finance ministers have lent their support…
According to two sources close to the matter at hand, telecom operators Orange Belgium and Proximus plan on replacing Huawei’s mobile equipment in Belgium and Luxembourg with Nokia equivalent. The development comes with growing recognition of U.S. accusations that Huawei’s telecom gear could be used for economic and military espionage purposes by Beijing. Both Nokia…
In a defining moment for SpaceX, Elon Musk’s space venture has won a $149 million contract to build missile-tracking satellites for the Pentagon, said the U.S. Space Development Agency (SDA) in a statement on Monday. The development marks SpaceX’s first government contract to build satellites. Known for its reusable rockets and astronaut capsules, SpaceX is…
In a significant development, food manufacturers, supermarkets, and restaurant chains are coming under pressure from campaigners over the environmental impact the food chain is having on tropical forests midst calls to strengthen a plan to stop logging of trees in tropical forests to grow cocoa, palm oil and soy. With the food industry coming under…
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