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Huawei dominates global race to 5G despite pressure from Washington

9 hours ago DieselGasoil Comments Off on Huawei dominates global race to 5G despite pressure from Washington
Chinese telecom giant Huawei has secured 50 5G contracts outside the domestic market, according to the company’s senior executive Ding Yun. That’s an almost 50 percent gain from the number of contracts reported in February, the executive told a summit on Tuesday ahead of the launch of MWC19 Shanghai (the largest industry annual event in Read More

Is George Osborne a ‘menace’ for the UK? RT’s Keiser Report digs into ex-chancellor’s Ponzi scheme

10 hours ago DieselGasoil Comments Off on Is George Osborne a ‘menace’ for the UK? RT’s Keiser Report digs into ex-chancellor’s Ponzi scheme
A new report by the UK’s National Audit Office has found that the government’s ‘Help to Buy’ equity loan scheme, launched to help first time home buyers, has handed billions of pounds to already wealthy homeowners. According to the report, the scheme has also boosted profits for big property developers. RT’s Keiser Report discusses the Read More

European watchdogs demand detail on Facebook’s cryptocurrency

11 hours ago DieselGasoil Comments Off on European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Read More

UK watchdog wants more detail on Facebook’s Libra coin plan

12 hours ago DieselGasoil Comments Off on UK watchdog wants more detail on Facebook’s Libra coin plan
Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – There was “insufficient” detail to understand Facebook’s plans to expand into payments and launch its own Libra coin, Britain’s Financial Conduct Authority (FCA) said on Tuesday. Facebook Read More

$300 oil? US war with Iran spells catastrophe for global economy, expert tells RT

13 hours ago DieselGasoil Comments Off on $300 oil? US war with Iran spells catastrophe for global economy, expert tells RT
An armed conflict between the US and Iran would send oil prices soaring and global stocks crashing, which will certainly not play into the hands of Washington, according to political and economic analyst, Shabbir Razvi. He told RT that the United States understands that surging oil prices “will have a dramatic impact on the global Read More

U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex

13 hours ago DieselGasoil Comments Off on U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex
HOUSTON, June 25, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) today announced that it has entered into an agreement with AmeriMex Motor & Controls, LLC. (“AmeriMex”), a subsidiary of Industrial Service Solutions. Under the terms of the agreement, AmeriMex will provide electric motors exclusively to USWS as it relates to electric hydraulic Read More

Green bond issuance surpasses $100 billion so far this year: data

13 hours ago DieselGasoil Comments Off on Green bond issuance surpasses $100 billion so far this year: data
LONDON (Reuters) – Global green bond issuance has surpassed the $100 billion mark already this year, the first time the milestone has been reached in the first half of this year, the Climate Bonds Initiative said on Tuesday. Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits. Read More

Huawei ready to ink ‘no-back-door’ agreement with Indian govt to abate spying fears

14 hours ago DieselGasoil Comments Off on Huawei ready to ink ‘no-back-door’ agreement with Indian govt to abate spying fears
Chinese telecom giant Huawei, which has been accused by the US over alleged breaches of sensitive user information, has said it is ready to sign a ‘no-back-door’ pact with the government of India. A ‘back door’ in technology products refers to a feature that allows unauthorized access to customers’ data. Huawei’s business engagement in India Read More

With job intact, Nissan’s CEO pins Renault alliance on mutual respect, flags inequality risk

15 hours ago DieselGasoil Comments Off on With job intact, Nissan’s CEO pins Renault alliance on mutual respect, flags inequality risk
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters Read More

Politicians need to move fast as Facebook & Co move into finance: BIS

18 hours ago DieselGasoil Comments Off on Politicians need to move fast as Facebook & Co move into finance: BIS
LONDON (Reuters) – Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won’t be squeezed out anytime soon, the Bank for International Settlements (BIS) said on Sunday. FILE PHOTO: Small toy figures stand on representations of virtual currency in front of the Facebook logo Read More