Private equity firms that acquired companies since the banking crisis started on March 8 have funded the deals mostly with their own funds, a departure from traditional leveraged buyouts that reflects their struggle to secure cheap debt. Four acquisitions of companies by private equity firms that were announced in the last two weeks were funded […]
Technology
China has never deliberately pursued a trade surplus with the United States, Shu Jueting, a commerce ministry spokesperson, said on Thursday, despite signs that China is continuing to reduce its reliance on American exports. Although American export data published on Feb. 7 shows that exports to China increased by $2.4 billion on the year to […]
Huawei Technologies on Thursday continued to press ahead against U.S. pressure by launching a new smartphone with a price starting at 4,488 yuan ($658), which it promised has a top end camera though it would only be able to use 4G. Richard Yu, CEO of Huawei’s consumer arm, spent almost an hour presenting Huawei’s self-developed […]
The telecommunications sector in underdeveloped countries has undergone a remarkable evolution over the years. From the days of state monopolies to the entry of private players, the sector has grown rapidly, bringing greater connectivity and convenience to people’s lives. However, the journey has not been without its challenges. Political instability, limited infrastructure, and challenges in […]
British self-driving software startup Oxbotica and autonomous delivery company Goggo Network said on Wednesday they are teaming up to test middle-mile deliveries for retailers and other customers including Carrefour and Dia. The partnership will initially see Berlin-based Goggo deploying Oxbotica’s autonomy software in Spain in middle-mile delivery operations for partners like Spanish pizza chain Telepizza. […]
Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels. The EU rules would require all new cars sold from 2035 to have zero CO2 emissions, […]
Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers […]
The U.S. International Trade Commission said on Tuesday it would ban imports of SharkNinja Operating LLC robot vacuums that infringe a patent owned by Roomba maker iRobot Corp. The full commission upheld part of a trade judge’s October decision that SharkNinja violated two of its rival’s patents, affirming that SharkNinja’s devices mimicked iRobot navigation technology. […]
In today’s digital economy, digital assets are playing an increasingly important role in helping businesses navigate economic restrictions. As the world moves towards a more globalized and interconnected economy, it has become necessary for companies to make use of digital assets to remain competitive. Could digital assets be the answer to navigating economic restrictions and […]
Alphabet Inc’s Google on Tuesday began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft Corp in a fast-moving race on artificial intelligence technology. Starting in the U.S. and the U.K., consumers can join a waitlist for English-language access to Bard, a program previously open to approved testers […]