The electrification of the auto industry is taking place at a neck breaking speed. Much of its success will depend on cost effective access to batteries which will power these electric vehicles. In a significant development, Japan’s Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and…
Given that drones can take footage of sensitive sites, and that China has a market share of around 75% of the global drone market, there are legitimate concerns of privacy and national security. The world non-militarized drone market, dominated by Chinese manufacturers such as DJI, is said to triple in size to $14.3 billion in…
This is a milestone in the practical implementation of cryptocurrency, which is slated to be the future of money. On Thursday, in a significant development, the government of Japan stated, it is leading a global push to install an international network for cryptocurrency payments, just like the SWIFT network used by banks. The effort is…
Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…
This interesting turn of events is likely to set a legal precedent especially in critical areas of core IT infrastructure such as 5G. In a significant development, the U.S. Justice Department has asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against Qualcomm Inc citing support from the Department of…
Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…
Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…
Vodafone is following a dual vendor strategy for its 5G networks; given its security concerns consumer data could probably be at stake especially if it is routed through Chinese servers. On Tuesday, Vodafone stated it was launching 5G services in Germany. The development sees Vodafone offering cheaper deals than industry leader Deutsche Telekom; its services…
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
The results of the tender will be declared by the end of this year with a launch in 2020 continuing through 2023. Israel has launched a tender for 5G cellular services in the country. Israel is expecting three groups to bid for 5G cellular frequencies, in a bidding that is expected to be fierce, the…
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