The European Commission wants to cut red tape and costs to help Deutsche Telekom, Orange, Telecom Italia and other telecoms operators roll out fast-speed 5G, according to a Commission document seen by Reuters. The EU executive, which wants all Europeans to have access to gigabit connectivity and 75% of EU companies to use cloud infrastructure […]
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Nokia said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022. “Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023,” the Finnish […]
Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares. “(Chips are) a group that’s […]
A new carbon dioxide battery (CO2) has entered the energy market. Yes, you did read that right, a CO2 battery, and it might be just what wind turbines are looking for to help them harness the full force of the wind. Carbon dioxide is used in the technology to store heat and pressure energy. It’s […]
U.S. Treasury Secretary Janet Yellen on Tuesday called for urgent action to improve long-term food security in Africa and around the world, while adapting agricultural practices and technology to the changing climate. Yellen spoke after hearing from a woman beekeeper and other farmers whose work was supported by a U.S.-backed project in a rural Zambian […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
Verizon Communications Inc’s annual profit forecast fell short of Wall Street estimates on Tuesday, as it grapples with slowing growth in wireless customer sign-ups compared with last year and makes heavy investments in 5G technology. Shares in the Dow Jones Industrial Average company fell 2.5% to $38.65 in premarket trading. Verizon, whose plans are the […]
Mark Twain, the greatest humorist the US has produced, once said that “History never repeats itself, but it does often rhyme.” What’s past is past, but it does come back in a similar but not the same form (i.e., a rhyme). Accordingly, the Digital Silk Route (DSR) is not identical to the traditional silk route, […]
The impact of social media platforms on the music industry has been a topic of much discussion over the past two years. While this is true, television shows and movies continue to be the main distribution channels for the music industry, with platforms like TikTok helping users (75 percent) discover new music and artists. Television […]
5G core networks powering digitalization are helping industries cut costs, bring in new sources of revenue, and expand their business offerings. The utility sector is one such vertical, evolving from a labor-intensive organization that provides electricity, water, or gas, to one that uses Artificial Intelligence (AI) and drones to inspect equipment and offers additional services […]