In a significant development, that will see the replacement of Huawei telecom gear and equipment in rural United States, the Federal Communications Commission said, it will authorize more than $1.2 billion for rural broadband in 32 states.
United States
Hewlett-Packard wins fraud case against British tech tycoon Mike Lynch
In a significant development, a British judged ruled tech tycoon Mike Lynch had masterminded an elaborate fraud to inflate the value of his company – Autonomy, before it was acquired by Hewlett-Packard for $11 billion in 2011. HP’s acquisition of Autonomy… Read More ›
US responds in kind to flight cancellations by China
In a statement the U.S. government said it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspension of… Read More ›
US gave $200M in additional defensive security assistance to Ukraine
On Wednesday, in a statement a senior official from the US State Department said, the U.S. government had approved $200 million in additional defensive security assistance to Ukraine in December 2021. “We are committed to Ukraine’s sovereignty and territorial integrity… Read More ›
Volkswagen to unveil long awaited ID.Buzz on March 9
In a statement Volkswagen said, it will unveil a production version of its long-awaited ID.Buzz on March 9. The ID.Buzz is an electric reincarnation of its beloved Microbus which VW plans to launch in the US in late 2023. The EV… Read More ›
Record sales of hybrid vehicles in US will deepen traction of pure EVs
According to data from the automotive industry, while increased consumer adoption of full-electric cars have grabbed headlines, sales of gasoline-electric hybrid have quietly achieved record sales in the United States in 2020. While US carmakers including Tesla Inc and Ford Motor… Read More ›
Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
China’s Geely gains access to US market by collaborating with Waymo on autonomous taxis
In a statement China’s Geely Holding said, Zeekr, its premium electric mobility brand, will collaborate with Alphabet Inc’s self-driving unit Waymo to make electric vehicles for the latter, which will be deployed as fully autonomous ride-hailing vehicles across the United States…. Read More ›
Jared Kushner’s investment firm Affinity Partners raises more than $3 billion in committed funding
According to a source familiar with the fund raising effort, Jared Kushner’s global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors. Kushner, a former top aide to former US President Donald Trump… Read More ›
Foreign financial institutions conducting business with sanctioned individuals will be sanctioned: State Department
In a significant development, the United States has named five already-sanctioned Chinese officials who have allegedly contributed to undermining Hong Kong’s democracy; it has also issued a warning to financial institutions that conducting business with these officials would lead to… Read More ›
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