Search results for "TECHNOLOGY"

Futures Edge Up ahead of Fed Chair Powell’s Testimony

U.S. stock index futures edged higher on Tuesday, ahead of Federal Reserve Chair Jerome Powell’s testimony before Congress that could shed more light on the central bank’s interest rate hike plans. The benchmark S&P 500 closed higher for a third straight session on Monday, as Treasury yields took a breather from their recent rally that […]

China to Restructure Sci-Tech Ministry to Achieve Self-Reliance Faster

China will restructure its science and technology ministry to channel more resources to achieving important breakthroughs, with the goal of moving faster towards self-reliance, according to a State Council plan submitted to parliament on Tuesday. The restructuring of the central government ministry was included in a reform plan of state institutions that the State Council, […]

Germany Set to Ban China’s Huawei, ZTE from Parts of 5G Networks - Source

Germany plans to ban telecoms operators from using certain components made by Chinese companies Huawei and ZTE in 5G networks, a government source said, in a potentially significant move to address security concerns. The German ban could include components already built into the networks, requiring operators to remove and replace them, Zeit Online had reported […]

China’s Xi Has Mixed Feelings about CATL’s Battery Market Dominance

Chinese President Xi Jinping told CATL on Monday he had mixed feelings about its status as the world’s largest battery maker – remarks that come at a time when the company is rapidly expanding abroad and moving to undercut domestic rivals. After a presentation by CATL Chairman Zeng Yuqun who described how the firm commands […]

UK to Extend Financial Guarantee for EU Research Applicants

Britain said it would extend until the end of June the financial guarantee it has provided to ensure UK applicants to the Horizon Europe scientific research programme receive funding while negotiations continue on rejoining the scheme. Under a Brexit trade agreement signed at the end of 2020, Britain negotiated access to a range of EU […]

Nations Secure U.N. Global High Seas Biodiversity Pact

Negotiators from more than 100 countries completed a U.N. treaty to protect the high seas on Saturday, a long-awaited step that environmental groups say will help reverse marine biodiversity losses and ensure sustainable development. The legally binding pact to conserve and ensure the sustainable use of ocean biodiversity, under discussion for 15 years, was finally […]

Cryptoverse: Hooked on Growth, Bitcoin Investors Turn to Smart Tokens

For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency – designed as an alternative to regular cash – in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector’s […]

Inside BP’s Plan to Reset Renewables as Oil and Gas Boom

BP hasn’t fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney’s pursuit of green energy outstripped all rivals three years ago when he outlined a radical blueprint to move away from fossil fuels. Last month he applied the brakes, slowing BP’s planned cuts in oil and gas and […]