By Blaise Fernandes India’s strategic digital pushback against Chinese investments and apps has encouraged like-minded countries like the US, and some in Europe, to follow suit. Now it’s time to lasso the biggest Chinese domination tool – 5G, the umbrella under which apps, investments and soon governments could operate.This new technology from China should not be looked at in isolation, as simply the purchase of telecom technology equipment, and part of India-China trade. It should be viewed in conjunction with China’s four heavens: BRI, the ambitious Digital Silk Route plan, Made in China 2025 and Chinese Standards 2035. Using its formidable AI base, 5G is the mother lode that enables the efficient gathering of global data from around the world, which will give cost efficiency to products listed in China 2025 and help China set global standards.What’s now perceived by global manufacturers as standards “in China for China” will eventually be … [Read more...] about Opinion: At all costs, bar Chinese 5G entry into Indian telecom. Else, live under Beijing’s domination
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Online consumers in the Philippines had an average age of 24 and led the world in terms of daily internet and social media usage, which Tonik believed put the country in good stead to be a global leader in digital banking, too. With more than 70% of the country's adult population unbanked, the company added that market research revealed more than half of existing bank customers were keen to migrate their deposits to a pure-play digital player. … [Read more...] about Philippine digital bank snags $21M in Series A
Meanwhile, the trickle of rescheduling announcements became a flood. But even as many distributors whisked their products out of harm’s way, others decided to confront the uncertainty of lockdown head on. Curzon Artificial Eye, a company with a distribution wing whose recent successes include Cold War and The Souvenir, as well as a chain of arthouse cinemas and its own streaming platform, Curzon Home Cinema, opted to stick as closely as possible to its planned release schedule, albeit through streaming rather than cinemas. “Basically, there were two reasons that we were going to survive,” says the head of Curzon, Philip Knatchbull. “One was because of Parasite” – the UK release of the Oscar-winning Korean film had been a huge critical and financial success – “and the other was because of Curzon Home Cinema.” He adds: “We are hurting enormously. We are losing I don’t know how much a week. We don’t have any grants or … [Read more...] about The future of film: can cinema survive Covid-19?
According to a report from the Air Defence - Air Force, 162,567 cu.m of dioxin contaminated sludge and soil were cleaned, returning about 29 hectares of area for social-economic activities. Dioxin exposure risk for human and environment was minimised. The success of the project helped erase Da Nang airport, which is a former US air base, out of the dioxin hot spot list. Work safety was ensured throughout the implementation of the project and no incident was recorded. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 12