As Vodafone Idea descends deeper into its doom, India’s leading telco stock plunged on Wednesday over 5 percent in afternoon trading hours on Bombay Stock Exchange after the operator’s proposals to revive the telecom sector had been snubbed during a recent Cabinet meeting. Last month, the telco’s shares witnessed an 18 percent rise, reaching 31 […]
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Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the cryptocurrency bitcoin continued struggling to perform transactions Wednesday, a day after El Salvador made it legal tender. Problems still plagued the digital wallet Chivo. El Salvador President Nayib Bukele kept citizens apprised of advances […]
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]
Vodafone Idea’s (VI) fate is now controlled by the Indian government as the impending demise could immensely affect telecommunication service rivals, stakeholders, and the government, resulting in catastrophic outcomes on the country’s telecom sector. India’s telecommunication sector is wielding its final strategies to push itself from the underlying financial concerns, with Aditya Birla Group’s subsidiary, […]
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 […]
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 […]