China’s famous chipmaker Semiconductor Manufacturing International Corp. (SMIC) revealed on Friday plans to upsurge independence in the chip manufacturing sector by investing $8.87 billion to build a chip plant in the tech city of Shanghai, according to a regulatory filing with the Hong Kong Stock Exchange (HKSE). The Chinese expansion to globally take the lead […]
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El Salvador is betting that this week’s pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President Nayib Bukele has asked the more than 2 million Salvadorans who live overseas to send […]
Under U.S. pretense that the Chinese telecom vendor Huawei could expose the Gulf to national security threats, United Arab Emirates (UAE) telco firms are urged by U.S. Lockheed Martin’s F-35 jets and drones’ sales deal to push Huawei from its 5G infrastructure contracts. The UAE has always held a fierce stance concerning its strong mobile […]
BEIJING (AP) — Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a broad crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China’s biggest technology companies. The transport ministry, internet watchdog and other regulators on Wednesday ordered 11 such platforms by year’s […]
The slow process of releasing Ethiopia’s telecom market has finally reached an end with the licensing of East Africa’s Safaricom-led Global Partnership for Ethiopia’s consortium, granting the company a seat at the table to empower the government’s telecom services. Ethiopia is one of the last two countries in Africa to augment its national telco services […]
Texas is one step further from passing a law cracking down on tech giants trying to moderate political content online. The bill outlaw’s social media companies that have over 50 million users, which include Facebook and Twitter, to censor users and content that is geared towards a political side. Hence, any Texas resident unable to […]
MTN Cameroon appealed for a license to deploy and operate a trial for 5G networks from the country’s Telecommunications Regulatory Board, aiming to provide Cameroonians entry to more modernized uses of information technologies, Business in Cameroon reports. Local media reported that the subsidiary of the South African telecommunications company MTN Group, MTN Cameroon (MTNC), has […]
South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has […]
Hugely popular online games and celebrity culture in China are the latest targets in the ruling Communist Party’s campaign to encourage the public to fall in line with its vision for a powerful, more wholesome country. The message? Play less, study and work more. Rules that take effect Wednesday cut the amount of game time […]
Billionaire investor, John Paulson, is setting his bets against cryptocurrency, predicting the crypto market’s vacant financial fantasy is bound to collapse as it will “go to zero,” as he gives gold the knighthood of a “safe haven.” Since digital coins are the desired novelty of this era, from the looks of it, cryptocurrency will stand its ground as […]