Month: March 2023
UK seeks trade ties with Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is the successor to a previous trans-Pacific trade pact that the United States withdrew from in 2017 under former President Donald Trump. The bloc currently has 11 members, including Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The United Kingdom has reached
US using internet giants to spy on world
Compared with other countries, Washington has the advantage of having jurisdiction over the small number of companies that effectively run the modern internet, including Google, Meta, Amazon and Microsoft. While pushing for a ban on TikTok over claims that China uses the popular app to spy on Americans, the U.S. government itself spies on the
Pope suffers from respiratory infection
The Vatican confirmed that the medical checks Francis has undergone have revealed “a respiratory infection (excluding COVID-19 infection) that will require a few days of appropriate hospital medical treatment. Vatican sources have confirmed that all the appointments on his agenda have been cancelled. In a first communiqué, in which the Vatican informed of the Pope’s
China ,Iran and Russia military exercise
China, Iran and Russia conducted joint naval exercises in the Sea of Oman from March 15-19. The military maneuver, dubbed the Marine Security Belt 2023, aimed to strengthen regional security. Observers from Pakistan and Kazakhstan also participated in the drills. China on Thursday hailed the recent joint naval exercises with Russia and Iran in the
China, Brazil to ditch intermediary US dollar
China and Brazil have reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary,the deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging renminbi for reais and vice versa instead of going through the dollar. The arrangements will boost the usage
Alibaba founder Jack Ma resurfaces
Once the richest man in China, Mr Ma gave up control of financial technology giant Ant Group in January this year. Alibaba founder Jack Ma, who has rarely been seen in public in the past three years, has resurfaced at a school in Hangzhou, The 58-year-old has kept a low profile since criticising China’s financial
Silicon Valley Bank bought by First Citizens BancShares
First Citizens is based in Raleigh, North Carolina and calls itself America’s biggest family-controlled bank. It has been one of the largest buyers of troubled banks in recent years. Silicon Valley Bank collapse was swiftly followed by the failure of another US lender, Signature Bank. The assets and loans of collapsed US lender Silicon Valley
The $160m fine imposed on Google upheld
In January, Google agreed to co-operate with the Competition Commission of India and announced a series of changes to its Android system in India. An Indian appeals court has upheld a $160m fine imposed on Google by the country’s antitrust regulator in a case related to Android’s market dominance. In October, the CCI accused Google
Fun apps are banned in France
In 2019, France approved a digital-services tax despite threats of retaliation by the US, who argued it unfairly targeted American technology giants such as Google and Facebook. And since 2018, France has been vocally opposed to the US Cloud Act, which gives American law-enforcement authorities the power to request data stored by most major cloud
Banning of Chinese technology by the west
while Chinese companies like Huawei are increasingly seen as a security threat in European countries, the two surveillance giants have received relatively little attention even as their equipment watches over airports, train stations and even government buildings all over the world. As the West cracks down on Chinese tech, video surveillance firms are also facing