Advanced technologies such as machine learning, artificial intelligence (AI), cloud storage, and big data endorsed the financial industry’s digital transformation, allowing banks to heighten their market competition. Big data is one of the leading technologies that helped support and implement digital transformation for large-scale trading banks through storing and analyzing new and advantageous data to […]
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The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday. The comment was made after European Union countries clinched deals on proposed laws […]
Brendan Carr, the FCC commissioner, wrote to Apple and Google on Tuesday and asked them to ban TikTok from their app stores due to its record of sneaky data practices. This follows BuzzFeed News’s revelation last week that employees of TikTok in China had access to the data of users residing in the US up until January. […]
Canada on Monday announced more measures in response to Russia’s invasion of Ukraine, including additional sanctions and a ban on the export of technologies that could help improve Russia’s defense manufacturing capability. The new sanctions would target six individuals and 46 entities linked to the Russian defence sectors, 15 Ukrainians supporting Russia, and 13 individuals […]
A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly banned Huawei from supplying 5G equipment to Swedish mobile firms citing […]
The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. “The Russian authorities’ seizure of Google Russia’s bank account has made […]
India said on Wednesday it would reserve part of its next-generation telecoms spectrum for private in-house networks, as the government announced a 5G auction to take place by the end of July. Until now, India’s telecoms services have been run by specialist companies in a market dominated by Vodafone Idea, Bharti Airtel Ltd and Reliance […]
The U.S. Treasury on Tuesday announced the first state awards from a $10 billion COVID-19 aid program aimed at boosting broadband internet access in underserved communities, funding $583 million worth of projects in Virginia, West Virginia, Louisiana and New Hampshire. The Coronavirus Capital Projects Fund, a relatively unheralded portion of President Joe Biden’s $1.9 trillion […]
China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank. ANEXT received approval from the Monetary Authority of Singapore (MAS) to commence business on June 2, Ant and wholly owned ANEXT said in a joint statement. […]
5G has become a key player in the telecom circles. The impact of the new wireless tech far exceeds its notable technical capabilities. It has rather emerged as disruptive to most industries and businesses. The opportunities it unlocked in terms of automation, private networking, and numerous B2B applications have resulted in a fast development among […]