Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market power, the State Administration for Market Regulation […]
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IBM introduced on Wednesday its latest open-source serverless framework, with the solemn purpose of simplifying integration and efficient scaling of big data and artificial intelligence (AI) workflows into its hybrid cloud. IBM’s recent technology, CodeFlare, is designed at the rank of a promising open-source distributed computing framework for machine learning (ML) applications commonly referred to […]
Chinese budget smartphone maker Xiaomi is set to raise around $1.2 billion from debt issuance, with $800 million worth of bonds due for payment in 2031 with a coupon of 2.87 percent per year, a regulatory filing said. The move comes at a tricky time as other Chinese tech companies have seen themselves pitted in a government crack down led […]
Facing extreme pressure from Myanmar’s Junta, Norwegian operator Telenor has sold it’s operations within the country to Lebanese investment firm M1 Group for $105 million, the company said in a statement on Thursday. “Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million, of which $55 […]
China’s most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups, prompting concern the ruling Communist Party is tightening control over gay and lesbian content. WeChat sent account holders a notice they violated rules but gave no details, according to the founder of an LGBT group, who […]
Gulf countries are taking their digital 2030 vision to the next level, as Zain Bahrain chose earlier this week with Swedish telecoms vendor Ericsson to expand its 4G and 5G coverage and introduce 5G low-band and mid-band carrier aggregation. As the Swedish company deploys its 5G carrier aggregation service, Zain Bahrain will be able to […]
Cambridge Wireless (CW) kicked off on Wednesday its yearly conference “CW TECH 2021,” with a means to explore the up-and-coming trends of 5G private network from the engineering front. The British nonprofit aspired, through its two days virtual conference, to move past the marketing messages and learn more about the tactics in the rising technology […]
Stakes have been mounting between two of the world’s major superpowers; however, the matter has shied away from ideologies and nuclear weapons and has moved matters into a realm etched into the very fabric of our everyday life: technology. Noticeably everything sharply ignited by former U.S. president Donald Trump’s blacklisting of Chinese tech titan Huawei […]
President Joe Biden said Tuesday that damage to U.S. businesses in the biggest ransomware attack on record appears minimal, though information remained incomplete. The company whose software was exploited said fewer than 1,500 businesses worldwide appeared compromised but cybersecurity experts caution that the incident isn’t over. Also Tuesday, a security researcher who chatted online with […]
Chinese leader Xi Jinping on Tuesday attacked calls from some in the U.S. and its allies to limit their dependency on Chinese suppliers and block the sharing of technologies. In a speech to representatives of leftist political parties in more than 100 countries, Xi said China’s ruling Communist Party has succeeded in raising the country […]