Covid-19 was the major theme throughout 2020. It tested the fortitude of governments, companies, economies, and individuals alike in the face against a radical disruption that heavily touched the way we live our lives on every level. As with any sudden shift in global lifestyle, there have been those who have painfully adapted, while others […]
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The world is becoming more and more digital as time passes, with finance services championing this transformation, especially with the increasing demand of contactless digital payments swooping in, as the global Covid-19 pandemic magnifies our need for them. Many central banks around the world are looking to create their own digital currencies (CBDC) to spearhead […]
State-owned Saudi Telecom Company (STC) announced a $500 million partnership deal with venture capital fund eWTP Arabia Capital, and Alibaba Cloud to provide high-performance public cloud services in the Kingdom. Alibaba Cloud, which is the digital technology and intelligence backbone of Alibaba Group, considers KSA as a strategic market for its operations in the GCC […]
We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020’s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connections while bringing digital relationships to the fore. But for every life-changing Zoom, […]
Imagine yourself as a bank executive, competing against a global, multi-service, low-cost, digital bank; customers checking their accounts via smartphones, paying bills or transferring money with a swipe of finger. An AI-powered engine allows them to play around with their ETF portfolios with absolutely no fees, or cross-border payments. Take a moment to consider facing […]
Following the rollout of several vaccines around the world, the once lost idea of traveling, going to the movies and concerts, and in-store shopping – is being currently revived with the development of a vaccine passport application. Companies and technology groups already started developing systems and smartphone apps that permit users to upload their coronavirus […]
Thailand’s dtac has selected Finnish telecoms company Nokia as its 5G RAN partner, ensuring that the company’s network performance is 5G-ready, with deployment expected to start later in the year with completion forecasted by 2022. Nokia has been in Thailand for over 30 years with the deployment of 2G, 3G and 4G networks and will […]
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 […]
Japan aims to eliminate gasoline-powered vehicles in about 15 years, the government said Friday in a plan to achieve Prime Minister Yoshihide Suga’s ambitious pledge to go carbon free by 2050 and generate nearly $2 trillion growth in green business and investment. The “green growth strategy” urges utilities to bolster renewables and hydrogen while calling […]
Just when we thought we were in the clear, coronavirus pulls us back in. A new modified strain of the virus has been identified in the UK, forcing the nation into a T4 lockdown. Following news of the new coronavirus strain outbreak, Asian stocks fluctuated and in parallel, a long-awaited second stimulus bill was announced […]