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Chip industry threatened by geopolitical tensions, says YMTC Chairman
Jun 29,2023
Geopolitical tensions and national security concerns pose a threat to the globalisation of the chip industry, as highlighted by Chen Nanxiang, chairman of YMTC, a Chinese memory chipmaker. Speaking at the Semicon China conference, Chen expressed doub...
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The Informing Consumers about Smart Devices Act was introduced in the US House of Representatives
Jun 23,2023
The Informing Consumers about Smart Devices Act was introduced in the US House of Representatives. According to the bill, manufacturers of IoT devices equipped with a camera or microphone must disclose to consumers that a camera or microphone is part...
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Central bank of Somalia launches QR code standard for financial transactions
Jun 22,2023
The Central Bank of Somalia (CBS) has launched a Quick Response (QR) Code standard to drive the growth of the financial services sector. The launch is the latest sign that Somalia is attempting to rebuild its financial services infrastructure, which ...
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NIST releases a profile of the IoT core baseline for consumer IoT products
Jun 21,2023
The National Institute of Standards and Technology (NIST) Cybersecurity for the Internet of Things (IoT) program has released a profile of the IoT core baseline for consumer IoT products. This publication describes the consumer profile of NIST's IoT ...
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EU Commission takes action to phase out cookies in online advertising
Jun 20,2023
The European Commission has introduced a voluntary initiative aimed at reducing reliance on cookies in the online advertising industry. The initiative, led by the EU consumer protection chief Didier Reynders, involves advertisers, online publishers, ...
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E-commerce discussions make progress at MC12
Jun 17,2023
The 12thWTO Ministerial Conference (MC12) took place from 12 to 17 June, in Geneva. The Conference had already been postponed twice because of COVID-19-related restrictions. During MC12, the co-conveners of the Joint Initiative issued a statement in ...
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UK government unveils strategy to boost location data by 2030
Jun 15,2023
The UK Government recently unveiled its 'Geospatial Strategy 2030' to strengthen location data and technologies across the UK by 2030, ensuring that the country maintains its global leadership in geospatial innovation and maximises the value of locat...
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Meta to introduce new overview for users of its platforms, Germany's competition agency claims
Jun 07,2023
According to Germany's competition regulatory agency, Meta is planning to introduce a new overview for its platforms, Facebook and Instagram, users in a step towards allying anti-trust concerns. The new feature will allow users to decide whether to u...
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Majority of EU countries either rejected or called further examination of network fee levy on big tech
Jun 03,2023
During a meeting led by the EU industry chief Thierry Breton, telecoms ministers from 18 countries either rejected the network fee levy on big tech companies or called for further examination to evaluate its necessity and potential impact. According ...
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Hong Kong and UAE central banks to collaborate on developing regulations for cryptocurrencies
Jun 02,2023
On 29th May, the Hong Kong Monetary Authority (HKMA) met with representatives from the Central Bank of the United Arab Emirates (CBUAE) to discuss cooperation on virtual asset regulations and developments. The bilateral meeting, hosted in Abu Dhabi, ...
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Traditional financial firms building crypto exchange and custody platforms
Jun 01,2023
By the report from the Financial Times, traditional financial firms are building or funding new crypto exchange and custody platforms, hoping to capitalize on their expertise, reputations, and lack of regulatory scrutiny. They believe asset managers ...
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New study highlights economic and geopolitical challenges in EU Data Strategy
May 30,2023
A new study on the EU data strategy reveals economic and geopolitical gaps that need to be addressed. The study, conducted by the Institute for Competitiveness in partnership with other Southern European think tanks, highlights how Europe is lagging ...
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