Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of China, the country’s central bank, summoned Ant executives on Saturday and ordered them to formulate a rectification plan and […]
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Sweden will rely on itself to set up its fifth generation of mobile networks infrastructure, excluding Chinese telecom titan Huawei from the construction efforts. The decision was made following a nationwide poll that addressed advancing human rights and democratic reforms, with China as its highest policy priority. The Swedish Post and Telecom Authority (PTS) said […]
Surveys show that about 60 percent of Americans will probably take the vaccine, 20 percent are uncomfortable but open to taking it once others start taking it, while the remaining 20 percent are adamant that they will never take the vaccine. The survey revealed that the speed of vaccine development is a main cause for […]
The U.S. government is close to a deal to acquire tens of millions of additional doses of Pfizer’s vaccine in exchange for helping the pharmaceutical giant gain better access to manufacturing supplies. A person with knowledge of the negotiations told The Associated Press on Tuesday that the deal is under discussion and could be finalized […]
Humankind is slowly transcending into a new reality ushered in by the tidal wave of technological advancements that are developing on a day-to-day basis. The fifth generation of mobile networks, the Internet of Things (IoT), artificial intelligence (AI), virtual reality (VR), augmented reality (AR), etc.…; these techs and their acronyms could easily fill an entire […]
The world we live in today is shaped by key events, discoveries, and technologies that have led us to a pivotal point in history. We are undergoing the Fourth Industrial Revolution (4IR), dubbed Industry 4.0 which will symbolize our first step into the next generation. Before the 4IR can happen, several prerequistes need to be […]
Australia’s competition regulator on Tuesday delayed for three months its decision on Google’s plan to buy fitness gadget maker Fitbit for $2.1 billion despite the European Union giving conditional approval to the deal. The European Union regulators last week approved the deal after Google promised to restrict user data and ensure Android phones work with […]
At the close of 2019, telecoms operators around the globe set their strategies and laid out their plans for 2020, only to see them change almost overnight. As the industry looks at 2021, I think there’s a cautious optimism. We’ve seen what unexpected events can do to the global economy and how quickly the telecoms […]
Digitization began shortly before the introduction of the internet and ushered in a new radical change in terms of the way we work, shop, bank, travel, learn and govern. Digitization is fundamentally the technology that enables the conversion of traditional sources of information such as papers and photographs into binary code – which are technically […]
The global COVID-19 pandemic burned through many brick-and-mortar businesses around the world, forcing their hand into making the digital switch to remain afloat as people went into lockdown. Despite economic repercussions, the crisis prompted stronger digitization efforts by private and public sectors; a move praised by Saudi Arabia’s Trade Minister Majid bin Abdullah Al-Qasabi. Al-Qasabi […]