Chinese watchdogs backed their regulatory scrutiny on their tech sector as they spoke on Tuesday with Wall Street executives disclosing that regulations are meant to enforce tech companies, not crush them. Fang Xinghai, China’s Securities Regulatory Commission Vice Chairman, told the executives that the government’s latest conduct on tech firms was aimed to enhance their regulations, in addition to bolstering national security and data privacy. […]
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Federal officials said Friday they will investigate a fiery Tesla crash that left two people dead in South Florida. Three investigators with the National Transportation Safety Board are traveling next week to Coral Gables, where a Tesla Model 3 left the roadway and collided with a tree Monday, the agency announced on Twitter. “We always […]
For Jared Anderman, of Croton-on-Hudson, New York, switching from gasoline-powered tools to electric ones for lawn care was a no-brainer. “I’m concerned about climate change and wanted tools that are more eco-friendly, and also quieter. I like listening to music when I do yardwork and this way I can enjoy music or a podcast while […]
Qatar’s Ooredoo and Hong Kong’s CK Hutchison announced on Thursday a $6 billion merger deal that will look to combine Indosat Ooredoo and Hutchison 3 Indonesia (H3I) under a unified telecoms entity labelled “Ooredoo Hutchison Asia.” Both companies highlighted that the deal would set the stage to accelerate fierce competition in the telecoms and internet […]
Ethiopian authorities announced on Tuesday a bidding proposal for partial privatization of state-owned Ethio Telecom, inviting private investors to acquire a 40 percent stake in its lead telecom service provider. The country’s Ministry of Finance led the bidding process by delivering a request for proposal (RFP) for the partial privatization. The move is designed to […]
India’s Union Cabinet approved on Wednesday a profusion of the eagerly anticipated relief package aiming to support the country’s distressed telecom sector by providing the option of converting interest on spectrum dues into government equity. Prime Minister Narendra Modi’s Union Cabinet confirmed nine structural reforms and five process reforms leading to a transformation of India’s […]
Myanmar’s military government is forcing Norwegian provider Telenor to pursue other buyers following blunt corruption allegations against Lebanese-owned investment firm M1 Group, with rumors of suspected relations to Syrian President Bashar Al-Assad. M1 Group is a Lebanese conglomerate that owns, manages, and oversees investments and subsidiaries in various sectors such as telecommunications, real estate, aviation, […]
One week after El Salvador became the first country to make bitcoin legal tender, problems continued to plague the system Tuesday. El Salvador rolled out a digital wallet known as the “Chivo” on Sept. 8, but the system has often been down for maintenance. It may have been overloaded by the sheer number of Salvadorans […]
Amidst Beijing’s latest regulatory wave to impose dominion on its tech sector, China’s Big Tech shares drastically dropped on Monday as the country’s watchdogs intend to break down Ant Group Co.’s Alipay, at a speed the U.S. and the European Union cannot fathom or dare to indulge in. Following a Financial Times report stating that Beijing is […]
Three of the nation’s largest food delivery companies are suing New York City over a limit on fees it put in place during the pandemic to protect restaurants devastated by the forced closure of their dining rooms. The city has continued to extend those caps even as vaccinations allow more indoor dining which, according to […]