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China's ZTE Faces Hearing Over Possible Violation of U.S. Probation

ZTE Corp., the Chinese telecom equipment maker, will go back to U.S. federal court March 14 to face a new accusation it may have violated its probation from its 2017 guilty plea for illegally shipping U.S. technology to Iran. The possible violation relates to an alleged conspiracy to commit visa fraud, according to a March […]

Russia Blocks Facebook, Passes 'fake news' Law; LVMH, Microsoft Halt Sales

Russia said it would block Facebook for excluding state media and CNN said it would stop broadcasting in Russia after a new law punishing “fake news” raised the stakes in Moscow’s fight with foreign corporation. Friday marked an escalation in the dispute that began after the invasion of Ukraine. Russia blocked a wave of media […]

Visa, Mastercard Suspend Operations in Russia Over Ukraine Invasion

U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued in Russia will no longer work outside of the country […]

The Technology Required to Upgrade your Business Phone System

Is your business phone system future ready? Hybrid working, employee flexibility and structural changes to the UK’s telephone network mean that it’s more crucial than ever for businesses to consider the suitability of their current phone system. The two futureproofed contenders are Voice over Internet Protocol (VoIP) and Session Initiation Protocol (SIP) trunking. But how […]

Panasonic Plans New Massive Battery Plant in U.S. to Supply Tesla - NHK

Japan’s Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc, public broadcaster NHK reported on Friday. Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas close to Texas, where […]

Broadcom Says Enterprise Spending 'On Fire,' Forecasts Upbeat Revenue

Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and cloud clients, and the ramp-up in 5G technology. “Enterprise spending is on fire … and we are seeing a big part of that,” Broadcom’s chief executive, Hock Tan, told analysts on a conference […]

Russia-Ukraine Invasion Clouts South Africa’s Economic Growth

The escalating Russian-Ukrainian tension has reached new limits, with war on the horizons reaching across the globe as the invasion has directly affected South Africa’s economic growth and recovery. While the war escalates, South Africa’s economic growth is slowed down. The Financial and Fiscal Commission (FFC) released a presentation warning of the collateral damage that could […]

China's Tencent to Reduce Transaction Fees on WeChat Payments for SMEs

Chinese social media giant Tencent Holdings Ltd will reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, the company said in a statement on Thursday. The reductions will apply beginning Sept. 1, 2021, and extend up to Sept. 30, 2024, the company added. In order to qualify for the […]