China’s Huawei Technologies said on Thursday it is replacing internal software management systems it once sourced from U.S. vendors with its own in-house version, hailing it as a victory over U.S. curbs that once threatened its survival. Huawei held an internal ceremony to celebrate the switch to its own ‘MetaERP’ (enterprise resource planning system) in […]
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China is building foundations in Africa for almost 50 years now. More than a decade after China began extending its economic and political relations with countries throughout the continent, the Biden administration is pushing hard for American corporations to invest in Africa despite their challenges. China Is Clearly a Bigger Economic Player in Africa China […]
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same […]
Japan’s Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. China has long been a key market for Nissan, but like other global automakers, […]
The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted the importance of major economies developing clear crypto […]
Chinese Province Plans 30 Billion Yuan Semiconductor Fund to Promote Chip Industry- Securities Times
China’s southern Guangdong province is planning to launch a second phase of a semiconductor fund with a scale of 30 billion yuan ($4.37 billion), state media Securities Times reported on Tuesday. The fund will have a term of 17 years and will invest in auto chips and equipment for semiconductor material, Jin Shenghong, chairman of […]
Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency’s rally to above $30,000 this year, which has conspired with falling electricity prices to boost their profitability. The 30-day average of mining revenues […]
Quantum computers promise to be millions of times faster than today’s fastest supercomputers, potentially revolutionizing everything from medical research to the way people solve problems of climate change. The wait for these machines, though, has been long, despite the billions poured into them. But the uncertainty and the dismal stock performance of publicly-listed quantum computer […]
Earth-bound businesses, industries, and investors increasingly look for space to do business, compete, and invest. The continuous growth of the space economy is dependent on space enterprises showing their relevance to non-space organizations and pushing beyond existing industrial startups relationships and government contract money. Space Startups Many executives, analysts, and investors believe that the boom […]
Saturday April 15, 2023, Côte d’Ivoire – Early this morning, Tiemoko Antoine Assale, director of the satirical weekly “L’Eléphant déchaîné,” went live on Facebook calling for the boycott of Orange and MTN, two prominent telecom operators in the region, from the 15th to the 18th of April. Deputy Assale is the only one out of 255 committed to […]