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Saudi Arabia’s Lucid Motors has unveiled Lucid Air, its first production electric car, that rivals Elon Musk’s Tesla Model S in the market. The pure-electric luxury sedan was launched from the company’s Silicon Valley headquarters on Thursday, with deliveries expected to start in spring 2021. A part of the project, amounting to $1 billion, was […]
UK Fintech Firms Loses approximately 68% of the 59 fintech funds, interviewed for the research have reported missing out on important funding thanks to the continuing pandemic. The typical amount lost by each fintech business to this point runs to approximately £1.2m. As the UK is home to over 1,600 fintech companies, it means an estimated £1.4bn of investment has […]
Twitter has told staff that Twitter Employees To WFH, because of the corporate looks towards the long term after the coronavirus pandemic. The decision came because the social media giant said its work-from-home measures during the lockdown had been successful. But it also said it’d allow workers to return to the office if they choose when […]
Tencent surveils foreign accounts to aid domestic censorship as China’s social-messaging giant, Tencent has been surveilling political content posted by foreign accounts to means its censorship algorithms for domestic users, a replacement study has found. The research by the University of Toronto’s Citizen Lab comes as foreign governments, particularly the US, are questioning the role […]
Tesla applies for a license to provide electricity within the UK. The aim of the license from the energy regulator could also be to introduce the company’s Autobidder platform, the report the same, citing an organization supply. Autobidder may be a platform for machine-driven energy commerce and is presently being operated at Tesla’s Hornsdale Power […]
China in a significant move launches a trial of digital yuan in four urban centres of the country for specific services even as the world grapples with containment of Covid. In recent months, China’s bank has stepped up its development of the e-RMB, which is set to be the first digital currency company operated by […]
As Facebook, the world’s largest social media company, invests $5.7 billion for a 9.99 per cent stake in Jio Platforms, the deal is also seen as a powerful alliance to take on formidable players in e-commerce and payments space such as Amazon, Flip-kart and Google. The partnership is expected to help Mr.Ambani’s Reliance e-commerce venture […]
Nokia has added 5G and edge capabilities to its Worldwide IoT Network Grid (WING) managed service, which aims to help operators capture early IoT market share without investing in infrastructure. The evolved form of the Nokia WING will allow operators to use new business models and foray into industries like critical public services, remote healthcare, […]
ZA Bank, the first of the eight firms with a licence to launch a digital bank in Hong Kong, is to deploy payments software from Fiserv as it gears up towards a live launch.ZA, established by ZhongAn Technologies International, launched the city’s first digital-only bank in December as a pilot, and is offering 6% for […]
Over the weekend, the Emirates News Agency reported that the UAE’s Ministry of Health and Prevention (MoHAP) launched a blockchain platform for storing healthcare and pharmaceutical data. The platform has been developed in collaboration with the Ministry of Presidential Affairs, Dubai Healthcare City, and other health authorities in the country. It is part of MoHAP’s […]
Korean operator SK Telecom says it has managed the world’s first standalone 5G data session on a multi-vendor commercial 5G network. Single vendor set-ups are increasingly out of fashion within the telecoms world, with the traditional wariness regarding vendor lock-in combined by geopolitical uncertainty that threatens to compel the exclusions of certain vendors that shall […]
UAE telecom operator Etisalat has partnered with Ribbon Communications to launch CloudTalk – a secure and scalable cloud-based, business unified communication and collaboration solution for small and medium businesses (SMB) and enterprise customers in the UAE. CloudTalk’s integrated communication solutions – launched for meeting customers’ internal and external communication and collaboration requirements – is delivered to […]
