Featured Best rugged tablets in 2020: Samsung, Panasonic, Getac, Dell, and Lenovo Apple iPhone 12: Price, launch date, 5G, and all the rumors and leaks you need to know Holy cow! Gateway laptops return via Walmart exclusive First, iPhone SE killed Android: What budget products will Apple unleash next? … [Read more...] about How do tech giants know so much about you?
Awash in cash tech giants reward shareholders
Chinese tech veterans, including former executives at Huawei and SMIC, are planning to launch a "domestic replacement" fund by the end of the year to help create China's next tech giant and support Chinese companies sanctioned by Washington. Venture capital firm China Europe Capital aims to raise 5 billion yuan ($731.46 million) for the fund which will invest in start-ups specialising in technologies including semiconductor, 5G and artificial intelligence, said Zhang Jun, the firm's chairman and a former vice president at telecom equipment maker Huawei. The fund launch comes amid a government-backed investment boom in China's technology sector as Beijing competes with Washington in an increasingly acrimonious "tech war". Relations between the world's two largest economies have nosedived in recent months as they butt heads over the coronavirus pandemic, Hong Kong and trade. "China and the U.S. are in a Great Power rivalry that will end only when there's a knockout," Zhang told … [Read more...] about China tech veterans to launch ‘domestic replacement’ fund amid US sanctions
A project involving 13 of the world's largest banks and aimed at launching digital versions of major currencies in 2020 is no longer likely to get going this year, the company set up to run the effort said. Technological development work on the previously named "Utility Settlement Coin" initiative has progressed, but it still needs regulatory approval, said Fnality International Chief Executive Rhomaios Ram. It hopes to receive that approval by the first quarter of 2021, he said. Initially spearheaded by UBS Group AG, the project has been in the works for more than five years and seeks to create a more efficient way for banks to settle financial transactions. In June 2019 banks including Barclays Plc, Banco Santander and Credit Suisse Group AG announced the creation of Fnality, investing £50 million into the venture. The company had said it expected the project to be commercialized by 2020. The banks declined to comment. The project is looking to replace some of the … [Read more...] about Major bank-led digital cash settlement project gets delayed
There’s an elevated boardwalk and underwater passage that connects the pavilion to the shore and The Shoppes at Marina Bay Sands, it added. Apple hasn’t announced when the store will be open to the public but it is expected to happen soon. Apple hasn’t spoken much about the store yet and just says: “we will soon open the doors to our new store by the Bay” on its teaser website. “Apple Marina Bay Sands will be at the heart of creativity, a place we’ve made for you to capture your ideas and passions. It will be a space for you to explore, connect and create something new,” it adds. … [Read more...] about Apple’s next store looks like a giant ball floating on water
Round-up of South Korean financial markets: ** South Korean shares gained for a second straight session, buoyed by Samsung Electronics and other tech stocks, and as the country reported a drop in COVID-19 cases. The won strengthened, while the benchmark bond yield dropped. ** The benchmark KOSPI closed up 17.69 points, or 0.74%, at 2,401.91 on Tuesday, following a 0.67% gain in the previous session. ** Samsung Electronics surged 3.89% to extend gains to a second session after the chip giant won a $6.64 billion supply contract from U.S.-based Verizon. ** Peer SK Hynix rose 1.28% and the sub-index for electric and electronics also jumped 3.03%. ** The country reported 136 new cases, as of Monday, after the rate fell to a three-week low of 119. The daily tally has steadily dropped since reaching a peak last month after the government imposed unprecedented social distancing rules. ** "Today's KOSPI rally is entirely about Samsung Electronics ... A series of news of (Samsung's) … [Read more...] about Samsung-led tech rally boosts South Korea shares for second session