Three major Chinese telcos said late last week that they will be delisted from the New York Stock Exchange (NYSE) after the latter denied their requests for appeal, Reuters reported. The delisting comes in line with the U.S.’ Communist Chinese military companies (CCMC) under the National Defense Authorization Act of 1999, enacted by the former […]
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While the pandemic brought everyday life to a screeching life, sports technology continued to remarkably grow at a substantial rate. According to a report by Grand View Research, the global sports technology market size was valued at $11.70 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 16.8 percent from 2021 to 2028. […]
The gaming industry continues to skyrocket upwards with no signs of slowing down, as the COVID-19 pandemic added more fuel to its roaring fire. This statement was echoed by Amsterdam-based games and esports data company Newzoo’s new report outlining the state of the global games market. Last week, we published our latest games market estimates […]
Law enforcement agencies across the U.S. have used facial recognition technology to solve homicides and bust human traffickers, but concern about its accuracy and the growing pervasiveness of video surveillance is leading some state lawmakers to hit the pause button. At least seven states and nearly two dozen cities have limited government use of the […]
Finnish telecoms equipment vendor Nokia reported on Thursday a better-than-expected Q1 financial report, with revenue and profit bolstered by a growth in 5G equipment sales. According to the earnings report, quarterly revenues spiked at three percent to 5.08 billion euros ($6.16 billion), beating a consensus figure of 4.72 billion. “We expect our typical quarterly earnings […]
Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The South Korean tech giant also said its quarterly revenue of 65.39 trillion won ($59 billion) was its highest for the […]
During height of the pandemic, global smartphone sales came to screeching halt, as the world took refuge indoors; however, as smartphone manufacturers start developing the next generation of devices, especially with 5G, the market looks headed upwards. An improving COVID-19 outlook compared to this time last year (the end of Q1 2020 marked the beginning […]
Chinese telecoms vendor ZTE Corp. has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to a recent report by investment management company Jones Lang LaSalle (JLL). According to the report, ZTE has also been ranked in the first […]
Ethiopia’s Finance Ministry announced on Monday that two bids have been made for two new telecoms operating licenses, as the country looks to liberalize its telecoms industry and economy. The two license bidders include South Africa’s MTN Group and a consortium of Kenya’s Safaricom, Vodafone, Vodacom, CDC Group (a UK development finance institution) and Japanese […]
Western countries risk losing control of technologies that are key to internet security and economic prosperity to nations like China and Russia if they don’t act to deal with the threat, one of the U.K.’s top spy chiefs warned Friday. “Significant technology leadership is moving east” and causing a conflict of interests and values, Jeremy […]