China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The […]
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U.S.-based private equity firm TPG announced on Thursday that it has acquired a 7.5 percent stake in Airtel Africa’s mobile money business for a sum of $200 million, the telco said in a statement. Airtel Africa, the African arm of India’s Bharti Airtel, is also currently holding further negotiations with other companies to sell off […]
The Justice Department has charged a Swiss hacker with computer intrusion and identity theft, just over a week after the hacker took credit for helping to break into the online systems of a U.S. security-camera startup. An indictment against 21-year-old Till Kottmann was brought Thursday by a grand jury in the Seattle-based Western District of […]
China on Friday put on trial one of two Canadians held for more than two years in apparent retaliation for Canada’s arrest of a senior Chinese telecom executive. Canada said its consular officials were refused permission to attend the proceedings against Michael Spavor, who is accused by China of stealing state secrets. Jim Nickel, the […]
A senior Australian policeman suggested on Thursday a phone app be developed to document sexual consent in a bid to improve conviction rates in sex crime cases. New South Wales state Police Commissioner Mick Fuller said dating apps have brought couples together and the same technology could also provide clarity on the question of consent. […]
The Federal Communication Commission (FCC) is eyeing up to three new Chinese telecoms companies for potential addition to the U.S.’ Communist Chinese military companies (CCMC) designation, the regulator announced on Wednesday. The FCC launched proceedings to determine whether to end authorization, China Unicom Americas, Pacific Networks and its wholly owned subsidiary ComNet’s authority to provide […]
The Senate confirmed Katherine Tai as the top U.S. trade envoy in an overwhelming bipartisan vote on Wednesday . She will be the first Asian American and first woman of color to hold the position. Tai is considered a problem-solving pragmatist, and her nomination by President Joe Biden to be U.S. trade representative drew support […]
Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they should be classified as workers and entitled to such benefits. The ride hailing giant’s announcement Tuesday comes after it lost an appeal last month at the U.K. Supreme Court following a yearslong court battle. […]
The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion. Stripe is by far the most valuable private fintech company in the world. Robinhood, the trading platform recently making headlines, just raised $3 billion to reach a valuation of around $11.2 billion. […]
Cybersecurity researchers at U.S.-based security firm McAfee uncovered Tuesday a cyber espionage campaign targeting telcos around the world attempting to steal 5G technology secrets. According to the McAfee, the hacker campaign – dubbed Operation Dianxun and originating from China – was done using malicious downloads to steal sensitive 5G data from compromised victims, primarily telecoms […]