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Archive for the ‘business’ category: Page 107

Mar 18, 2022

The Silicon Valley fallout from waging economic war against Russia

Posted by in categories: business, economics, finance, food

As the U.S. corporate world continues its withdrawal from Russia due to the invasion of Ukraine, a growing stigma against anything Russian is reverberating in Silicon Valley as tech start-ups and venture capital firms reassess their exposure and limit risks.

DoorDash and GrubHub recently cancelled deals with now-shut U.S. food delivery start-ups launched by Russian founders. The Massachusetts Institute of Technology pulled out of a multi-year partnership with Moscow’s Skolkovo Institute of Science and Technology, while Index Ventures halted further deals in the country.

For Silicon Valley, the issues with Russian business run to the heart of immigrant founder-led culture and a global world of institutional investors that in recent years sought more access to top VC ideas.

Mar 17, 2022

Verizon secures contracts worth nearly $1 bln from U.S. defense department

Posted by in categories: business, internet, military

March 16 (Reuters) — Telecoms giant Verizon Communications Inc (VZ.N) said on Wednesday it had secured new business worth almost $1 billion from the U.S. Department of Defense to provide technical support and network modernization services.

The deal includes contracts for services to the Pentagon, the National Capital Region (NCR) and Fort Belvoir at a combined value of $966.5 million.

Verizon will provide internet-protocol-based services, voice and video services and network-related support aimed at accelerating the department’s digital pivot.

Mar 16, 2022

Russia now faces critical digital crisis with only limited time left

Posted by in categories: business, computing, economics, government

The Russian government is now facing a digital storage crisis as Western cloud services have pulled their services from the country.

Western cloud storage providers have pulled out of Russia following heavy Western sanctions designed to cripple the Russian economy. According to reports, the Russian government is looking at several different ways to solve the problem of finding hosts for Russia’s data, and some of those solutions include leasing all available data storage across Russia or seizing all data storage from Russian businesses that have left the country.

Mar 16, 2022

The Hydrogen Stream: Universal Hydrogen builds manufacturing facility in the United States

Posted by in categories: business, chemistry, economics, energy, engineering, government, policy, sustainability, transportation

Abundant fuel cell raw materials and renewables potential could add up to a green hydrogen economy in the Philippines, according to Jose Mari Angelo Abeleda Jr and Richard Espiritu, two professors at the University of the Philippines Diliman. In a paper published in this month’s Energy Policy, they explained the country is a latecomer to the sector and should develop basic and applied knowledge for training and research. The country should also establish stronger links between industry and academia, the report’s authors suggested. “The establishment of the Philippine Energy Research and Policy Institute (Perpi) is a move towards the right direction as it will be instrumental in crafting policies and pushing for activities that will usher for more private-academ[ic] partnerships for the development of fuel cell technology in the Philippines,” the scholars wrote. “However, through enabling legislation, a separate and dedicated Hydrogen Research and Development Center (HRDC) will be pivotal in ensuring that sufficient government and private funding are provided.” The authors reported progress in the production of fuel cell membranes but few developments towards large scale production, transport, and storage facilities. “The consolidation of existing renewable energy sources for hydrogen production can also be explored in order to ensure reliable and sustainable hydrogen fuel supply,” they wrote. “This is because the country will gain more benefit if it focuses more on the application of fuel cell technology on rural electrification via renewa[ble] energy-based distributed power generation, rather than on transportation such as fuel cell vehicles.”

Paris-based energy engineering company Technip Energies and Indian energy business Greenko ZeroC Private have signed a memorandum of understanding (MOU) to explore green hydrogen project development opportunities in the refining, petrochemicals, fertilizer, chemical, and power plant sectors in India. “The MOU aims to facilitate active engagement between the teams of Technip Energies in India and Greenko to step up collaborative opportunities on a build-own-operate (BOO) model – in which Greenko will be the BOO operator and owner of the asset and Technip Energies will support with engineering services, integration and EP/EPC [engineering and procurement/engineering, procurement and constructrion] – for pilot and commercial scale green hydrogen and related projects in India in order to offer economically feasible technology solutions to clients,” the French company wrote today.

Mar 16, 2022

Russia’s war will remake the world

Posted by in category: business

News, analysis and comment from the Financial Times, the worldʼs leading global business publication.

Mar 15, 2022

Full visibility on software supply chain can reduce cyberattacks

Posted by in categories: business, cybercrime/malcode

Businesses need to have a complete view of where potential vulnerabilities or misconfigurations exist in the software supply chain.

Mar 11, 2022

The War in Ukraine Could Change Everything | Yuval Noah Harari | TED

Posted by in categories: business, existential risks, military, policy

Concerned about the war Ukraine? You’re not alone. Historian Yuval Noah Harari provides important context on the Russian invasion, including Ukraine’s long history of resistance, the specter of nuclear war and his view of why, even if Putin wins all the military battles, he’s already lost the war. (This talk and conversation, hosted by TED global curator Bruno Giussani, was part of a TED Membership event on March 1, 2022. Visit http://ted.com/membership to become a TED Member.)

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Mar 6, 2022

The post-consortia era: How enterprises are embracing Web3 structures

Posted by in categories: blockchains, business

Since their inception, blockchain-enabled consortia became a popular tactic among organizations looking to streamline their business processes and reduce operating costs, but that was before Web3.

Mar 6, 2022

Huawei’s competitor to Tesla electric cars is set to hit China’s streets on Saturday

Posted by in categories: business, robotics/AI, transportation

BEIJING — The first electric car with Huawei’s HarmonyOS operating system is set to begin deliveries at a ceremony on Saturday in Shanghai, according to an announcement on social media.

In December, Huawei’s consumer business group CEO Richard Yu spent an hour at a winter product launch event promoting the car, the Aito M5. But the Chinese telecommunications company has emphasized it will not make cars on its own, rather working with auto manufacturers on autonomous driving and other technology.

Seres is the automaker behind the Aito M5. The company is also known as SF Motors and is a Silicon Valley-based subsidiary of automaker Sokon, which is based in Chongqing, China, according to the parent company’s website.

Mar 4, 2022

I’ve Dealt With Foreign Cyberattacks. America Isn’t Ready for What’s Coming

Posted by in categories: business, cybercrime/malcode, economics, government, transportation

Yet the United States lacks an organized response. The weekly reports of ransomware attacks and data breaches make it clear that we’re losing this battle. That’s why America’s leaders must rethink the current cyberdefense system and rally around a centralized regulator to defend both citizens and the private sector against current and future attacks.

The decentralized nature of the American government does not lend itself to fighting foreign cyberthreats. Government agencies handle cyberregulation and threats in the sectors they oversee — an inefficient and ineffective way to address an issue that cuts across our entire economy. In just the past few months, the D.H.S.’s Transportation Security Agency announced new cybersecurity requirements for pipelines and railroads; the Federal Communications Commission put out its own proposal for telecommunication companies; the Securities and Exchange Commission voted on rules for investment advisers and funds; and the Federal Trade Commission threatened to legally pursue companies that fail to fix a newly detected software vulnerability found in many business applications. And on Capitol Hill, there are approximately 80 committees and subcommittees that claim jurisdiction over various aspects of cyberregulation.

These scattered efforts are unlikely to reduce, let alone stop, cybercrime.