Category: Technology & Digitalization

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Beijing decries India’s ‘frequent’ probes after raid of phonemaker Vivo

Beijing has criticised New Delhi for launching “frequent investigations” into Chinese companies operating in India, after financial authorities raided Chinese mobile phonemaker Vivo over money-laundering allegations. India’s Enforcement Directorate, the finance ministry’s enforcement agency, said on Thursday that it had searched 48 Vivo locations and made seizures worth Rs4.7bn ($60mn) across 119 bank accounts. Vivo…
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7 July 2022 0

XBRL News about consultations, verifications and narrations

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  Support and suggestions for digital climate reporting at the SEC The US Securities and Exchange Commission (SEC) has now closed the comment period on its proposal on enhancing climate-related disclosures, which promises…
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7 July 2022 0

Waiting on Washington and China’s unwitting hackers

Hi everyone! This is Ting-Fang from Taiwan. I got a call over the weekend from a real estate agent who I interviewed a few months ago about the construction boom near Taiwan Semiconductor Manufacturing Co.’s planned chip plant in the southern Taiwanese city of Kaohsiung. The agent asked if I was interested in investing in…
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7 July 2022 0

Simpler Commercial Products Aid Digital Experience, Channel Growth

Digital embedded insurance propositions are expected to be more of micro-insurance products with high volumes and low premiums. That necessitates cost of sale to be low and transactions to be automated. Examples are flight delay cover embedded into flight costs, purchase of a bag of seeds with inclusion of crop failure cover due to drought.…
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7 July 2022 0

Amazon pins hopes on influencers to crack livestream shopping market

Amazon has stepped up plans to crack the QVC-style livestream shopping market as the $1tn ecommerce giant aims to replicate the success of social media rivals in an attempt to revive flagging online sales. The group has been increasing investment in Amazon Live, a platform it quietly launched in 2019 but is now a central…
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7 July 2022 0

Now, Voyager joins crypto casualties

This article is an on-site version of our #techFT newsletter. Sign up here to get the newsletter sent straight to your inbox Voyager has become the latest digital-asset domino to fall, with the Toronto-listed broker and lender filing for Chapter 11 bankruptcy late on Tuesday. Its descent into restructuring came less than a week after…
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6 July 2022 0

Why Eric Schmidt believes bioscience will change the world

Eric Schmidt, former CEO of Google, became one of the wealthiest people in the US by specialising in software engineering. Yet, if he was starting out again today, Schmidt says he would not be targeting bits and bytes alone. The 67-year-old thinks the next big thing is the “bioeconomy”, not the internet. This catch-all label,…
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6 July 2022 0

Amazon to share more data with rivals after EU antitrust deal

Amazon will share more data with rivals and offer buyers a wider choice of products, as part of a deal with EU antitrust regulators that will close two of the most high-profile probes in Brussels. Details of the deal are being shared with Amazon’s rivals to make sure that they would remove competition concerns before…
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6 July 2022 0

Stablecoin News for the week ending Wednesday 6th July.

Here is our pick of the 3 most important Stablecoin news stories during the week. Fiat strikes back! Strengthened and reinvigorated by the chaos in Crypto including stablecoins such as Terra, Asset Managers such as Celsius and Hedge funds such as Three Arrows, the Fiat ecosystem of regulators, central banks and politicians made progress on their…
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6 July 2022 0

Amazon to share more data with rivals after EU deal

Amazon will share more data with rivals and offer buyers a wider choice of products, as part of a deal with EU antitrust regulators that will close two of the most high-profile probes in Brussels. Details of the deal are being shared with Amazon’s rivals to make sure that they would remove competition concerns before…
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6 July 2022 0

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