LONDON: British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday (Nov 30), as part of a plan to purge the Chinese firm’s equipment from high-speed mobile networks. Britain has already ordered all Huawei equipment to be removed from its 5G network […]
Business
WASHINGTON: The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden […]
Facebook’s human moderators have focused on election and Covid-19 misinformation this year, so the company has leaned more on artificial intelligence algorithms to monitor other areas of the platform. New York-based businesswoman Ruth Harrigan usually sells her honey and beeswax products in souvenir shops. But with Covid-19 pausing tourism, she’s […]
Officials said online platforms bring huge benefits for businesses and society, but there is growing consensus in the UK and abroad that the concentration of power within a small number of tech companies is curtailing growth in the tech sector, reducing innovation, and potentially having negative impacts on the people […]
MUMBAI: India will allow app-based taxi aggregators such as Uber Technologies and Ola to charge up to 20 per cent commission on ride fares, according to guidelines issued on Friday (Nov 27) , diluting an earlier proposal to cap fees at 10 per cent. Industry experts had warned that a […]
BEIJING: US electric car maker Tesla is recalling 870 vehicles in China over defective roofs, part of which could fall off, China’s market regulator said on Friday (Nov 27). The announcement comes just a month after another recall of almost 30,000 cars imported into China – the world’s biggest auto […]
The Ministry of Commerce imposed import taxes of up to 212.1%, effective Saturday, which Australia’s trade minister said make Australian wine unsellable in China, his country’s biggest export market. China on Friday added wine to the growing list of Australian goods barred from its markets in a trade war against […]
The UK government said that it’s setting up a “Digital Markets Unit”, scheduled to launch in April, will oversee a new regulatory regime for tech companies that’s aimed at spurring more competition. Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter […]
BERLIN: Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era. Under the project dubbed “Small BEV (Battery Electric Vehicle)”, engineers are […]
WASHINGTON: A COVID-19 antibody therapy used to treat President Donald Trump was approved by the US drug regulator on Saturday (Nov 21) for people who aren’t yet hospitalised by the disease but are at high risk. The green light for drugmaker Regeneron came after REGEN-COV2, a combination of two lab-made […]