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Tag: Tech

Chinese and US tech giants go at it in emerging markets

Chinese and US tech giants go at it in emerging markets

Finance
TWO contests are under way in which titans holding billions in their thrall vie for global domination. One is unfolding on Russian football pitches and features the likes of Neymar and Harry Kane. The other is playing out on the smartphone screens of consumers in India, Indonesia, Brazil and other emerging economies. There, American online superstars such as Google, Facebook and Amazon are pitted against a Chinese dream team led by Alibaba and Tencent.The geopolitics of business means that the world’s biggest tech firms have swelled to combined market capitalisations of over $ 4trn without really going head to head. China blocked Google et al with its Great Firewall, preventing American firms (Apple is an obvious exception) from taking on Chinese rivals on the mainland. Chinese giant...
US jitters at China's tech push underlies trade war

US jitters at China's tech push underlies trade war

Technology
Shenzhen is the poster boy for China's economic progress. Forty years ago it was just a cluster of small villages lying across the water from bustling Hong Kong, before it was designated China's first "special economic zone".Now it's a city of some 11 million people and a technological powerhouse - the next Silicon Valley, according to many. Image: The technological powerhouse of Shenzhen is viewed as the next Silicon Valley That also means it's the front line in the incipient US-China tariff war, which is as much about technology as it is trade.:: China accuses 'hoodlum' Trump over trade warShenzhen built its name on manufacturing cheap electronics for export.Huaqiangbei is an electronics market that sprawls across st...
Banks told to reveal tech meltdown plans

Banks told to reveal tech meltdown plans

Technology
UK banks have been told to explain how they would cope with a technology failure or cyber-attack.The Bank of England and the Financial Conduct Authority have given financial firms three months to detail how they would respond if their systems failed.Some TSB customers were left unable to access online banking for more than a month following a botched systems upgrade in April.Banks could be ordered to take action if their plans are judged to be poor.The Bank of England and FCA have emphasised that senior management at banks will be held accountable for prolonged disruption to services.The two organisations have launched a consultation seeking the views of customers as well as banks, insurers and other financial institutions. The regulators have warned that...

Dow Stands Alone as Tech Takes a Break

Finance
[unable to retrieve full-text content]SPECIAL NOTE Momentum trading is often one of the most thrilling strategies that allows investors to take advantage of trends in a stock s price and ride upswings higher But the key is knowing how to identify the top momentum stocks at any given time That s why Zacks expert Ryan Latest Articles in

American tech giants are making life tough for startups

Finance
IT IS a classic startup story, but with a twist. Three 20-somethings launched a firm out of a dorm room at the Massachusetts Institute of Technology in 2016, with the goal of using algorithms to predict the reply to an e-mail. In May they were fundraising for their startup, EasyEmail, when Google held its annual conference for software developers and announced a tool similar to EasyEmail’s. Filip Twarowski, its boss, sees Google’s incursion as “incredible confirmation” they are working on something worthwhile. But he also admits that it came as “a little bit of a shock”. The giant has scared off at least one prospective backer of EasyEmail, because venture capitalists try to dodge spaces where the tech giants might step.The behemoths’ annual confer...