Japanese e-commerce giant Rakuten sold on Monday 13 percent of its shares, worth $2.2 billion, to several new investors, as the company attempts to strengthen its balance sheet, while rolling out a more aggressive mobile strategy. The new investors into Rakuten are Japan Post – the country’s largest insurer and bank by deposit, as well […]
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The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they’ll need to sell the idea to people like Steve Bock. When Bock recently replaced his family’s 2013 Honda Pilot SUV, he considered — and then dismissed — the […]
The Biden administration is not planning to step up government surveillance of the U.S. internet even as state-backed foreign hackers and cybercriminals increasingly use it to evade detection, a senior administration official said Friday. The official said the administration, mindful of the privacy and civil liberties implications that could arise, is not currently seeking additional […]
Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas. Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%. Japan Post Holdings President Hiroya […]
When the coronavirus pandemic shut down schools, educators had to figure out how to get kids online. Fast. In a patchwork approach born of desperation, they scrounged wireless hot spots, struck deals with cable companies and even created networks of their own. With federal relief money and assistance from state governments and philanthropists, they have […]
Chinese antitrust regulators are considering a record fine to slap on e-commerce titan Alibaba Group along with smaller fines against other leading technology companies in a bid to tame China’s sprawling tech industry, The Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator has already issued fines on Friday to […]
What was innovative yesterday is already obsolete by tomorrow. This is more true now than ever in the era of the pandemic which, in many cases, intensifies and accelerates this process. The speed of development is and will always remain high in the telecommunications industry. And here it is clear: COVID-19 is challenging for the […]
The inventor of the cassette tape, Lou (Lodewijk Frederik) Ottens, has passed away at the age of 94, his family confirmed to news media. As much as the world has lived with game-changing new technologies over the last several decades, at the time of its invention, over 50 years ago, the cassette greatly changed the […]
Hackers aiming to call attention to the dangers of mass surveillance say they were able to peer into hospitals, schools, factories, jails and corporate offices after they broke into the systems of a security-camera startup. That California startup, Verkada, said Wednesday it is investigating the scope of the breach, first reported by Bloomberg News, and […]
India’s Department of Telecommunications (DoT) ordered local telcos on Thursday to use “trusted products” and telecom kits for their networks as of June 15, 2021, subtly hinting at dropping Huawei gear. The DoT told operators in a communication that it has amended the Unified Access Services License Agreement by adding a layer of security telcos […]