China is increadingly positioning blockchain technology as a foundational fintech platform. On Thursday, in a statement, the Shanghai headquarters of the People’s Bank of China (PBOC) stated the usage of blockchain technology solves many of the issue revolving around information asymmetry in trade finance and the core problem of providing proof of trade authenticity. Its…
Boeing still has to cross a couple of hurdles before it can resume flight services for the 737 MAX. In a statement, Patrick Ky, the executive director of the European Union Aviation Safety Agency (EASA) stated Boeing’s 737 MAX airliner, which is currently grounded, is likely to return to service in Europe during the first…
Gojek’s proof-of-concept service will be used to measure the demand for ride-hailing sector in Malaysia for a period of 6 months. On Tuesday, in a statement, Anthony Loke Siew Fook Malaysia’s minister of Transportation stated, Kuala Lumpur will allow ride-hailing firms such as Indonesia’s Gojek to start operations in the country from January 2020. Gojek’s…
Irrespective of the outcome of the elections, the cost of labor for companies is set to rise in Britain. On Monday, as per an independent review on Britain’s minimum wages found that setting a floor on pay had a insignificant effect on job creation. As a result, Britain’s plans on raising the minimum wage to…
206 U.S. companies have applied for the special licence. In an interview with Bloomberg, U.S. Commerce Secretary Wilbur Ross has stated, licenses for U.S. companies to sell components to Huawei Technologies Co will come “very shortly,”. Licenses “will be forthcoming very shortly” and that the U.S. government had received 206 requests. “That’s a lot of…
Of the total car sales in Norway last month, 35.7% were electric. On Friday, registration data from Norway showed, the adoption rate of Audi’s fully-electric e-tron sports utility vehicle saw a new high last month, with the German carmaker gaining 8.3% in market share. According to the Norwegian Road Federation, Audi delivered 873 electric SUVs…
This acquisition is Google’s entry into the wearable device market. In a development that marks Alphabet Inc-owned Google’s intention of entering the fitness trackers and smartwatches market, the search engine giant said it will acquire Fitbit Inc for $2.1 billion. On Friday, the wearable device maker said it had been offered $7.35 per share in…
Japan Display’s panels enable Apple Inc to provide competitive pricing for its iPhones and lessens its reliance on Samsung Display for OLED panels. On Friday, as per a news bulletin by Japan’s Kyodo News, Taiwan’s Wistron Corp and Apple Inc are eyeing a possibility of investing directly in troubled panel supplier Japan Display.
Only those DJI drones that are used for critical operations and public safety have survived the ban. On Thursday, Chinese drone maker DJI stated, the U.S. Department of Interior has grounded all non-emergency Chinese-made or part-made drones as part of a review of its entire drone program. Shenzhen-based DJI has confirmed that that the department…
Nokia is focussing more resources to develop its system on chip integrated circuits. On Wednesday, in a statement, Finnish giant Nokia said, it has hired hundreds of engineers in Finland during 2019 in order to speed up development of its 5G solution. Last week, Nokia, which has competitors such as Ericsson and Huawei, had slashed…
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