China’s Tencent Holdings has told staff it will no longer guarantee them a pay raise upon promotion, according to an internal letter seen by Reuters, as it reviews its salary policy amid a wider cost-cutting drive. The Chinese social media and gaming giant told its employees of the policy change on Tuesday, saying the decision […]
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Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms […]
How can augmented reality be used in the construction industry, a field that has maintained relatively similar technology over the past decades? 3D printing and modular building are new trends in some types of construction, but what does the application of augmented reality in construction look like? In a world of rapid digital transformation and […]
Digital transformation has become a central topic in the strategic plan of most countries around the world. The progress that has been achieved in different areas of technology has mandated a complete restructuring of different sectors that contribute to the country’s gross domestic product (GDP). Digital transformation is only a fancy moniker to highlight the […]
Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
The rise of blockchain technology will inevitably transform and disrupt many industries. It has laid the foundation for major advancements and innovations in communications and data technology, chief among them, the telecoms industry. In this article, we take a look at some use cases for blockchain in telecoms and home in on the most promising […]
Britain’s finance ministry set out plans on Tuesday for adapting existing rules to deal for any major stablecoin collapses, such as with TerraUSD this month. It is the latest sign of how regulators are trying to catch up with fast-moving developments in crypto markets which straddle national borders. “Since the initial commitment to regulate certain […]
India on Sunday withdrew a warning not to share photocopies of the national biometric identity card after the announcement caused widespread panic on social media. The Aadhaar card, which has a unique number tied to an individual’s fingerprints, face and eye scan, aims to block theft and leakage in India’s welfare schemes. But critics fear […]
The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of the world’s production, with wire […]
After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploying robots to help carry out a range of tasks, from surveying construction sites to scanning library bookshelves. The city-state relies on foreign workers, but their number fell by 235,700 between December 2019 and September 2021, according to the manpower […]