New rules drafted for Germany allows a level playing field for all telecom equipment vendors. On Monday, in a significant development, Germany has finalized rules to build its 5G mobile networks which does not exclude China’s Huawei Technologies. German government officials have confirmed that Germany’s security catalogue foresaw an evaluation of technical and other criteria…
New York City’s Taxi and Limousine Commission (TLC) has set a 31% limit on how much time drivers of app-based vehicles can drive without passengers in Manhattan south of 96th Street. In a development that mirrors Uber’s move to sue the New York City state in order to nullify a new rule which limits the…
WeWork is trimming its footprint in China and is expanding it in Singapore. On Thursday, Office-sharing startup WeWork stated, it plans on opening two new locations in Singapore later this year. The development comes even as WeWork seeks a $1 billion loan from its biggest-backer Softbank Group Corp in order to progress on its major…
Amnesty International’s report details how booby-trapped text messages were used to collect information stored locally on cellphones. A research by Amnesty International has uncovered that hackers armed with sophisticated spying software have been targeting Moroccan human rights activists midst a government crackdown on protests in recent years. The report released by the British non-profit human…
Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development. On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025. Samsung Display is a unit of Samsung…
A little more than 130 U.S. firms have applied to the U.S. Commerce Department for such a license. According to sources familiar with the matter at hand, the United States is set to soon issue licenses to a few U.S. companies to supply non-sensitive items to China’s Huawei Technologies Co Ltd. The Chinese company has…
Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…
The issue has been rectified as of September 17. In yet another instance that highlights the growing breach of privacy by social media sites, Twitter Inc has disclosed that email addresses and phone numbers uploaded by users “to meet security requirements may have been ‘inadvertently’ used for advertising purposes”. The issue was rectified by September…
The German payment firm has hiked its revenue potential by 2 billion in 2025. On Tuesday, German payments firm Wirecard stated, it was increasing its 2025 targets for transaction volume, revenue and EBITDA thanks to organic growth drivers and partnerships. With the news reaching the market its shares by 2.2% in premarket trading. Wirecard, which…
The move will increase competition against peers such as Alibaba Group Holding and Sea Ltd. In a significant development that sees Amazon.com Inc upping its competition against rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee, the U.S. e-commerce giant stated it has launched a bigger local store and marketplace in Singapore.…
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