In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay and other payment systems created by big tech companies now dominate large portions of e-commerce and person-to-person payments. CFPB Director […]
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The United States and the European Union agreed Wednesday to carry on the work of 10 expert-level panels to explore and recommend solutions to a variety of trade disputes and challenges. During the first of two days of trade and technology talks in Pittsburgh, they instructed the working groups to continue deliberations on matters ranging […]
As China sets the stage for its imperial influence on the market, representatives from Washington, and European Union (EU) will gather on Wednesday to address critical geopolitical, economic, and technological difficulties to fortify their alliance against Beijing’s determination of overtaking the digital market. As global forces suffer from a semiconductor shortage, the Trade and Technology […]
An executive of Chinese global communications giant Huawei Technologies returned from Canada Saturday night following a legal settlement that also saw the release of two Canadians held by China, potentially bringing closure to a nearly 3-year-long feud embroiling Ottawa, Beijing and Washington. Meng Wanzhou, Huawei’s chief financial officer and the daughter of the company’s founder, […]
For the final leg of his journey from Chile to the United States, Haitian migrant Fabricio Jean followed detailed instructions sent to him via WhatsApp from his brother in New Jersey who had recently taken the route to the Texas border. His brother wired him money for the trip, then meticulously mapped it out, warning […]
For the final leg of his journey from Chile to the United States, Haitian migrant Fabricio Jean followed detailed instructions sent to him via WhatsApp from his brother in New Jersey who had recently taken the route to the Texas border. His brother wired him money for the trip, then meticulously mapped it out, warning […]
Step aside Facebook, as TikTok just got crowned the most downloaded social media app in the world as of 2020, according to survey conducted by digital analytics company App Annie. Launched in 2016, The Chinese video-sharing platform has since overtaken Facebook, WhatsApp, Instagram, and Facebook Messenger, all of which make up Facebook’s ecosystem. This isn’t a milestone to overlook, as Facebook-owned apps have held the top spot since the survey began in […]
Ericson reported on Tuesday a grow in its organic sales of eight percent of its market value as Geopolitical tensions grow between the Swedish company and the world’s second largest economy, following the company’s warning of its deteriorating market share in China. The telecoms vendor – one of Huawei’s biggest competitors – announced that both […]
Cubans facing the country’s worst economic crisis in decades took to the streets over the weekend. In turn, authorities blocked social media sites in an apparent effort to stop the flow of information into, out of and within the beleaguered nation. Restricting internet access has become a tried-and-true method of stifling dissent by authoritarian regimes […]
Chinese telecom Huawei agreed earlier this week to sign a 4G patent license agreement with the German car manufacturer Volkswagen. The decision – which joins two U.S. sanctioned companies — is considered one of the biggest patent licensing agreement Huawei provides within the auto making industry. As per the deal, the telecom titan’s 4G mobile […]