Beijing’s market regulator recently visited ByteDance’s Douyin video hosting service to look into the company’s livestreaming e-commerce business and discuss how to prevent over-charging, a statement, published on Thursday on the regulator’s official WeChat account, said. The regulator’s visit to Douyin – the Chinese version of TikTok – comes at a time when Beijing has […]
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Billions of dollars in clean energy incentives are poised to speed investment on American soil while putting the European Union’s energy transition at risk by luring away money and talent, executives at the CERAWeek energy conference said this week. U.S. President Joe Biden’s landmark Inflation Reduction Act climate package was signed into law last year […]
The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China’s chipmaking industry […]
Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday. The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Airspan Networks Holdings, which owns Mimosa. Mimosa has a portfolio […]
U.S. President Joe Biden will host leaders of Australia and Britain in San Diego next week to chart a way forward for provision of nuclear-powered submarines and other high-tech weaponry to Australia, sources familiar with the plans said. Australian Prime Minister Anthony Albanese said before leaving on a visit to India on Wednesday he would […]
OakNorth is leaning towards the United States for a prospective stock market listing, as the British bank considers ways to grow in the world’s largest economy, including securing a local U.S. financial licence, chief executive Rishi Khosla told Reuters. The prospect of a U.S. listing for one of Britain’s biggest and most successful financial technology […]
U.S. stock index futures edged higher on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell fueled a selloff on Wall Street a day earlier, stoking concerns about a sharp recession and putting focus on the upcoming labor market data. The main U.S. stock indexes fell more than 1% on Tuesday, with the benchmark […]
Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement. The U.S. data analytics firm said the project – Axiom – would help the Bureau of […]
Everything in this world could be represented by a coin, having a good side and a bad side. And the Internet of Things (IoT) is no different. On one side, life is easier when all our appliances and devices are connected to each other and talking to one another. Conversely, it puts your data at […]
The White House backed legislation introduced on Tuesday by a dozen senators to give the administration new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats. The endorsement boosts efforts by a number of lawmakers to ban the popular app, which is owned by Chinese company ByteDance […]