On Tuesday, the head of a European business group in China warned that the world could face a shortage of antibiotics if the pharmaceutical industry’s supply problems posed by the outbreak of China’s coronavirus cannot soon be resolved. Joerg Wuttke, President of the EU Chamber of Commerce told a roundtable in Beijing that the synchronization…
On Tuesday, Japan’s cabinet approved a bill to support companies to develop secure 5G mobile networks and drone technologies midst a growing alarm from Tokyo policymakers over Chinese influence over the said technologies. The bill aims to provide companies, who want to develop the technologies, funds which will attract low-interest rate from government-affiliated financial institutions…
In a statement Twitter said, the official Twitter account of the Olympics and the International Olympic Committee’s (IOC) media Twitter account had been hacked and has been temporarily locked. Twitter’s statement also mentioned that these accounts were hacked through a third-party platform, without giving further details. “As soon as we were made aware of the…
According to sources familiar with the matter at hand, the U.S. government is weighing options which include stopping General Electric Co from continuing to supply engines for China’s passenger jet. The development will cast a shadow of uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the sale of plane…
A U.S. judge has allowed Amazon.com Inc’s motion to temporarily halt the U.S. Department of Defense and Microsoft Corp’s $10 billion cloud computing deal which Amazon said was reflective of President Donald Trump’s undue influence. In November 2019, Amazon, which had been seen as a front-runner to win the cloud computing contract, had filed a…
In a statement by Canadian telecom operator Telus Corp’s Chief Financial Officer Doug French, the telecom operator is scheduled to roll out 5G services with the help of Huawei Technologies Co Ltd’s equipment. “It’s important for us to launch our network when the time is right…” said French in a statement while adding the company…
British network Three is set to join its larger rivals as it rolls out 5G mobile services in major cities including London, Birmingham and Glasgow, from the end of the month. Owned by Hong Kong’s Hutchison, Three launched a 5G home broadband product in central London in 2019. At that time, Three’s Chief Executive, Dave…
According to sources close to the matter at hand, online luxury fashion retailer MyTheresa plans on taking advantage of the robust equity market by listing on the New York Stock Exchange. MyTheresa’s owner, Neiman Marcus, is working with Morgan Stanley on the planned listing, which could be as early as April, said sources. Both, Morgan…
In a statement, the U.S. government said, it was issuing a 45-day extension to Huawei Technologies Co Ltd which allows U.S. companies to continue doing some business with it. The development comes in the wake of the Trump Administration adding the Chinese company to an economic blacklist in May 2019 citing national security concerns. The…
Rogue internet operators have targeted some of London’s top hedge funds and asset managers by cloning their websites and names in an attempt to dupe unsuspecting investors. Although few individuals are known to have fallen to this scam, two of Europe’s most prominent investors Winton and Algebris are among the highest profile names to be…
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