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UK draws up plans to heighten digitalization of global trading

The UK government’s Board of Trade uncovered Friday a report with plans to enhance digitalization of global trading to deliver significant opportunities for local businesses to play a role in empowering economic growth. The board, led by the country’s trade minister Anne Marie Trevelyan, structured the report to highlight the vitality of heightening digitalization of […]

EU to limit political ads, ban use of certain personal info

Concerned by the misuse of political advertising to undermine elections, the European Union on Thursday unveiled plans to help people better understand when they are seeing such ads online and who is responsible for them. The proposals, aimed at ensuring fair and transparent polls or referendums, would also ban political targeting and “amplification techniques” used […]

AT&T, Verizon comply to FAA demands to limit 5G rollout

Following the Federal Aviation Administration’s (FAA) examination into whether the C-band spectrum for 5G rollout jeopardizes aircrafts’ safety, AT&T Verizon extended Wednesday their offer to reform power from their fifth-generation cell towers for the upcoming six months. Both U.S.-based telcos structured a plan to launch vital improvements to their 5G networks operating C-band spectrum obtained […]

Samsung says it will build $17B chip factory in Texas

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it […]

AstraZeneca opens research center as UK builds science hub

Prince Charles will be on hand Tuesday when pharmaceutical company AstraZeneca opens a 1 billion-pound ($1.34 billion) research center near the University of Cambridge, hoping to build on work in developing one of the first COVID-19 vaccines. The 19,000 square-meter (more than 200,000 square-foot) complex will house more than 2,200 research scientists. It joins a […]

U.S.-Taiwan meeting covers semiconductor chip shortage, China coercion

Taiwan’s Economy Minister Wang Mei-Hua revealed on Tuesday that the U.S. discussed with its country potential plans to address the semiconductor chip shortage, in addition to finding the needed approaches to counter China’s economic “coercion.” During the second session of an economic dialogue initiated last year, the discussion followed a week after a virtual meeting […]

GM exploring electric boats, buys 25% stake in engine maker

General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in 2011, is […]

Asian stocks mixed after late slump on Wall Street

Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm […]