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Huawei might lose its 35% share in UK non-core 5G network

It has been two weeks since Inside Telecom has reported about Huawei receiving permission to open a Research and Development Center in Cambridge. However, the debate about the Chinese Telecom giant presence in the United Kingdom has not ended.  On July 6, 2020, UK PM Boris Johnson signalled that the government might be imposing further […]

TikTok to leave Hong Kong as security law raises worries

HONG KONG (AP) — TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app’s planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, […]

Uber buys Postmates, ups delivery game in $2.65 billion deal

SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers’ desire for rides while boosting […]

Asia Pacific: operators investing heavily in the telecoms sector

The Covid-19 pandemic has shed light on the importance of digital connectivity in the Asia Pacific region. The Telecom industry has been reporting huge growth over the past few years with nearly 500 million new subscribers since 2014.  According to a GSMA report, by the end of 2025, Asia will bring almost 700 million new […]

New feature on Google Maps aids in the fight against Coronavirus

A new feature on Google Maps now allows for users to get around safely during the Coronavirus pandemic. More than 11 million people have contracted the virus worldwide, and almost 500,000 have died according to the Johns Hopkins University. Countries worldwide have adopted different restrictions depending on the severity of the outbreak, which has caused […]

France will not ban Huawei despite US cybersecurity concerns

The US has managed to persuade the UK, Canada, and other countries to ban Huawei from the deployment of the 5G network. However, France announced that it would not have a complete ban on the Chinese telecom giant. Guillaume Poupard, head of the French cybersecurity agency (ANSSI) said during an interview with Les Echos newspaper, […]

Germany to revamp financial oversight after Wirecard scandal

BERLIN (AP) — Germany’s finance minister says he wants to revamp the oversight system for the country’s financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the Philippines that were supposed to contain 1.9 billion euros ($2.1 […]

The effects of COVID-19 on finance

The current pandemic has plummeted the world into a state of emergency, the economy is losing its balance and company leaders are walking a tight rope. Governments have put together rescue packages that must now reach businesses that need help the most. Although the full extent of the effects of COVID-19 on finance remains unclear, […]