China’s market regulator on Thursday fined JD.com Inc., a unit of Alibaba Group and a third e-commerce outlet on charges of misreporting prices and other offenses amid a campaign to tighten official control over the booming industry. The ruling Communist Party encourages e-commerce and other online industries but worries about the dominance of major competitors. […]
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While the pandemic has affected us in almost every way possible, its plain to see the economic impact of the covid-19 pandemic and its devastating blow on individuals, families and businesses across the world. As of late, the pandemic is projected to put 100 million people into extreme poverty – all while reshaping what extreme […]
Covid-19 was the major theme throughout 2020. It tested the fortitude of governments, companies, economies, and individuals alike in the face against a radical disruption that heavily touched the way we live our lives on every level. As with any sudden shift in global lifestyle, there have been those who have painfully adapted, while others […]
Taiwan has onboarded more than one million 5G subscribers, six months after the country’s rollout of 5G commercial services by its plethora of carriers, industry statistics highlighted. The small East Asian country began distribution of its first 5G wave back in June 2020, with Chunghwa Telecom being the first to rollout fifth generation services in […]
Federal officials say they will allow operators to fly small drones over people and at night, potentially giving a boost to commercial use of the machines. Most drones will need to be equipped so they can be identified remotely by law enforcement officials. The final rules announced Monday by the Federal Aviation Administration “get us […]
The world is becoming more and more digital as time passes, with finance services championing this transformation, especially with the increasing demand of contactless digital payments swooping in, as the global Covid-19 pandemic magnifies our need for them. Many central banks around the world are looking to create their own digital currencies (CBDC) to spearhead […]
State-owned Saudi Telecom Company (STC) announced a $500 million partnership deal with venture capital fund eWTP Arabia Capital, and Alibaba Cloud to provide high-performance public cloud services in the Kingdom. Alibaba Cloud, which is the digital technology and intelligence backbone of Alibaba Group, considers KSA as a strategic market for its operations in the GCC […]
We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020’s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connections while bringing digital relationships to the fore. But for every life-changing Zoom, […]
Imagine yourself as a bank executive, competing against a global, multi-service, low-cost, digital bank; customers checking their accounts via smartphones, paying bills or transferring money with a swipe of finger. An AI-powered engine allows them to play around with their ETF portfolios with absolutely no fees, or cross-border payments. Take a moment to consider facing […]
Following the rollout of several vaccines around the world, the once lost idea of traveling, going to the movies and concerts, and in-store shopping – is being currently revived with the development of a vaccine passport application. Companies and technology groups already started developing systems and smartphone apps that permit users to upload their coronavirus […]