Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance said in […]
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The United Arab Emirates (UAE) Artificial Intelligence Office and Dubai International Financial Center (DIFC) officially initiated its Artificial Intelligence (AI) and coding license to appeal to a global new wave of technology firms and coders. The license will give companies obtaining it the ability to work with the DIFC Innovation Hub, in addition to representing an estimate […]
Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit’s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said. The previously undisclosed detail of the controversial sale underscores the urgency of […]
Taiwan will join moves to block some Russian banks from the SWIFT international payments system and has sent humanitarian aid to Ukraine to show support for the international “democratic camp”, the government said on Tuesday. Taiwan has joined with Western-led allies in putting sanctions on Russia for its invasion of Ukraine, and expressed cross-party sympathy […]
From Deutsche Telekom to AT&T to Vodafone, more than a dozen telecoms providers on both sides of the Atlantic are either providing free international calls to Ukraine or are scrapping roaming charges with the country. European telecoms lobbying group ETNO said an internal survey showed at least 13 of its members have taken measures to […]
Meta Platforms Inc, parent company of Facebook, will restrict access to Russian state media outlets RT and Sputnik on its platforms across the European Union, the company’s head of global affairs said on Monday. Nick Clegg said in a Twitter post that the social media company received requests from a number of governments and the […]
Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent. BP on Sunday said it […]
Japan’s Sega Sammy Holdings Inc is hoping to ride the fast-moving coattails of Sonic the Hedgehog as the character enjoys a renaissance amid a global scramble for entertainment content. This year sees the release of a sequel to a record-breaking Hollywood movie and a Netflix series, along with a title that Sega hopes will revive […]
North Korea said a test conducted on Sunday was for the development of a reconnaissance satellite system, state news agency KCNA reported on Monday, a day after a missile launch was detected from the country. KCNA’s report did not elaborate on what type of rocket had been used in the test, but authorities in South […]
China’s Huawei launched seven new “Smart Office” products, including a top-end laptop and its first printer and e-ink tablet, on Sunday, underlining its commitment to consumers after U.S. trade restrictions severely hit its mobile business. Consumer Business Group CEO Richard Yu, speaking in a video presentation ahead of the Mobile World Congress, said the products […]