The U.S. government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the U.S. since the start of the 2014 model year. Of the crashes identified by the National Highway Traffic […]
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Indian telecoms provider Bharti Airtel announced on Friday the closure of its spectrum trading agreement with its local rival Reliance Jio to transfer the “Right to Use” of Airtel’s 800 MHz spectrum in three circles to Jio. Airtel had announced earlier in April the trading agreement without disclosing its financial details. However, Indian media reports revealed on Friday that Airtel received $135.5 million net of tax from Jio for the proposed transfer. Additionally, Jio […]
China Mobile announced on Thursday a 6 percent year-on-year (YoY) increase in net profit for the first half of 2021, driven by new 5G users. In its recent report, the state-owned telecom revealed that its net profit for H1 of 2021 hiked to $9.12 billion from $8.61 billion for the same period last year. The telco highlighted that its new 5G users enhanced average revenue per user. As for operating revenues, China Mobile amounted $68.5 billion for the first six months of […]
Facebook announced on Tuesday that it has removed 65 and 243 Facebook and Instagram accounts respectively that were involved in anti-vax disinformation campaigns operating from Russia. The Big Tech company highlighted in its report that accounts originated in Russia targeted audiences primarily in India, Latin America, and to a lesser extent, the U.S. Facebook’s investigation found links between this campaign and Fazze, a subsidiary of a U.K-registered marketing firm AdNow, whose operations were […]
U.S. Senate introduced on Wednesday its latest bill directed at tech powerhouses Google and Apple to restrain their app stores’ influence on the market. The “Open App Market Act,” initiated and sponsored by senators Richard Blumenthal, Amy Klobuchar, and Marsha Blackburn would play a restrictive role in some of the largest app marketplaces, which according […]
Samsung leader Lee Jae-yong walked out of prison Friday a year early in a parole decision demonstrating the conglomerate’s outsized influence in South Korea as well as continuing leniency for bosses who commit corporate corruption. Wearing a gray suit and a mask, Lee stepped out of the gates at the prison near Seoul and bowed […]
South Africa’s MTN announced on Thursday that it will not re-bid for an operating license in Ethiopia, and is arranging to exist the Syrian market, CEO Ralph Mupita was quoted as saying during a media briefing on the financial half year results. This official statement follows Ethiopia’s announcement earlier this month to re-open bidding for its second telecoms operator license in August, including the right to operate mobile financial services. However, […]
The dishonesty of a senior executive for Chinese communications giant Huawei Technologies put a bank at risk of violating U.S. sanctions against Iran, a Canadian justice department lawyer told an extradition hearing Thursday. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s airport in late 2018. The […]
Russian provider ER Telecom, acquired on Tuesday 100 percent of the united group of companies, Avantel, a telecom operator in the Russian B2B market. ER Telecom failed to reveal the financial details of the agreement, but announced in a statement that the deal will enhance its positions in the segment of services for business and government customers. Additionally, ER will be able to benefit from Avantel’s various markets in Moscow, Novosibirsk, Tomsk, Barnaul, Nizhnevartovsk, Nefteyugansk, Yuzhno-Sakhalinsk, Samara and St. Petersburg. […]
China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]