The crypto market has had a disastrous first half of 2022. Bitcoin and ethereum have dropped by more than half since their all-time highs in late 2021. While there have been some tiny gains in recent weeks, the cryptocurrency market as a whole remains relatively stagnant. While no one knows for certain, some analysts believe […]
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China opposes the U.S. Federal Communications Commission’s ban on new Chinese telecommunications equipment sales, the commerce ministry said on Thursday, vowing to adopt necessary measures to safeguard the rights of its domestic firms. The Biden administration on Friday banned the sale or import of new telecommunications equipment from China’s Huawei Technologies and ZTE, citing national […]
The United States has been a leader in microchip design with dominant companies like Nvidia, Intel and Qualcomm, but it risks a big drop in global market share without government support for the sector, warned a report released on Wednesday. The U.S. share of chip design revenue has been slipping in recent years, dropping to […]
World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the Federal Reserve’s latest policy meeting showed U.S. central bankers looking to soon moderate the pace of interest rate hikes. A “substantial majority” of Fed policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the […]
Following the Covid-19 pandemic, the world is witnessing a recession of epic proportions. In a November article on BUSINESSTECH, BNP Paribas chief economist for the Middle East and Africa, Jeff Schultz, stated that considering the recession in 2023 that the U.S and Europe will be facing soon and China’s attempts to tweak its zero-Covid policy, […]
Cyberattacks are no longer phantom ghosts that come to haunt enterprises once in a blue moon. Today, cybercrimes have gained momentum and are luring, targeting, and attacking enterprises worldwide, and with that increase comes a heightened need to further optimize cyber security trends in financial services. The third quarter (Q3) of 2022 witnessed a rise […]
As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management […]
In our current era, data and information are becoming an increasingly crucial element in our daily life. Be it as an individual or a customer, your data is vital. The right to privacy is essential for you to understand and protect. IT can gain visibility into all your data infrastructure within an evolving technology landscape. […]
Green earth technologies have been around for the past two decades. The journey towards a greener and safer tomorrow has begun way before the recent traction. Recent global events have added even more urgency to the matter. In 2019 the volume of investment in green tech capped at almost 9 billion dollars. By 2027 it […]
The demand for telecom services is at an all-time high. Such high demand is powered by the Internet of Things(IoT), 5G networking, and edge computing. The burning demand presents substantial revenue potential for communications service providers(CSPs). Yet with such prospects comes risk. The massive influx of users generates immense amounts of data. Telecom companies realized […]