The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day to day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, […]
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Ties between Beijing and the Gulf are being forged to heighten economic cooperation to reach a free trade agreement, as both regions tackle geopolitical matters with the West. Wang Yi, China’s foreign minister, revealed Beijing’s intentions of gaining momentum on the growth of developing a free trade era with the Emirates, with the intentions of […]
The Covid-19 pandemic paved the way for a comprehensive technological adoption to push digital payments platforms to reach thousands, if not millions, of users in Africa, with the adoption of contactless means to conduct transactions. What was once perceived as a luxury for making payments now has become a necessity for the sustainability of Africa’s […]
Indian telecom operator Vodafone Idea (Vi) has restored its national backbone network with U.S-based telecom equipment maker Ciena to prepare for the fifth-generation (5G) network rollout. Vi noted that as consumers, enterprises, and content players look to embrace more innovative digital experiences across India, its new 300G/400G backbone network increases scale and performance energy and […]
The House’s assigned Committee to investigate the January 6th Capitol riot issued subpoenas to question four tech giants concerning their platform’s role in endorsing the attach and its causes. Alphabet Inc., Meta Platforms Inc., Reddit Inc., and Twitter Inc. were subpoenaed by the committee following what it considered an insufficient collaboration when it came to providing […]
Venture capital dealmaking in the United States reached an all-time high in 2021 at nearly $330 billion, buoyed by excess liquidity and an accommodative monetary policy, according to a report from PitchBook and the National Venture Capital Association. Venture capital firms ramped up bets on technology, biotech, healthcare and fintech sectors, announcing a record 17,054 […]
January 11, 2022: Proximie, the global health technology platform digitizing operating rooms around the world, announces a partnership with Vodafone Business. As part of Proximie’s mission to save lives by sharing the world’s best clinical practices, the new partnership will build on the existing relationship between the two companies bringing its world-class connected surgical care software together […]
Nigeria will lift a ban on Twitter from midnight after the social media platform agreed to open a local office, among other agreements with authorities in the West African country, a senior government official said on Wednesday. The Nigerian government suspended Twitter on June 4 after it removed a post from President Muhammadu Buhari that […]
The rising level of technological innovations has finally reached Africa, bringing to the table a new wave of modernization to a continent that was once overlooked by some of the biggest companies worldwide. One thing the COVID-19 pandemic highlighted – and proceeds to linger – is the technological rage that came with it, as it […]
Dutch health technology company Philips on Wednesday said it expected fourth-quarter core profit to drop around 40% to about 650 million euros ($739.25 million), hit by a global shortage of electronic components and the fallout of a massive recall of ventilators. Comparable sales fell 10% on a yearly basis to 4.9 billion euros, Philips said […]