• EU is open to cooperation with China, despite concerns over unfair trade practices

      EU is open to cooperation with China, despite concerns over unfair trade practices

      EU foreign policy chief Federica Mogherini and Chinese Foreign Minister Wang Yi on Monday stressed common intention for cooperation, despite EU concerns over unfair Chinese trade practices, news wires reported. Wang met in Brussels with EU foreign ministers, saying the event is the first of its kind in the 44-year history of Chinese relations with the EU. The meeting aimed to prepare an EU-China summit on 9 April.

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    • Siemens leads in European patent application

      Siemens leads in European patent application

      Siemens submitted more patent applications than any other company in Europe in 2018, overtaking Huawei to first place in the European Patent Office's application rankings. According to data, company's employees submitted around 3,900 patent applications and 7,300 invention disclosure reports worldwide in fiscal 2018. 

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    • Tim Berners-Lee calls for web salvation

      Tim Berners-Lee calls for web salvation

      The inventor of the World Wide Web, Sir Tim Berners-Lee, has published an open letter to mark the 30th anniversary of the day - March 12, 1989. The day when he submitted his original proposal for an information management system that went on to underpin the birth of online services.

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    • Facebook faces criminal probe into data deals

      Facebook faces criminal probe into data deals

      Federal prosecutors are conducting a criminal investigation into data deals Facebook struck with some of the world’s largest technology companies, intensifying scrutiny of the social media giant’s business practices as it seeks to rebound from a year of scandal and setbacks.

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    • China pours €15bn in  Helsinki-Tallinn tunnel

      China pours €15bn in Helsinki-Tallinn tunnel

      A train tunnel linking Helsinki with Tallinn, the capitals of Finland and Estonia, has got a provisional €15bn in financing from China's Touchstone Capital Partners as the latest infrastructure investment in Beijing's Belt and Road plan, news wires reported. FinEst Bay Area Development, the company behind planning the tunnel, signed on 8 March a memorandum of understanding providing a third of the funding in private equity, which will give Touchstone a minority stake in the planned 100km tunnel, and two-thirds in debt. Touchstone Capital Partners as consortium platform group has made similar investments in Europe, Australia and North and South America.

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    • NVIDIA outbids Intel for major Israeli chip maker

      NVIDIA outbids Intel for major Israeli chip maker

      NVIDIA has reportedly made a winning offer to acquire Mellanox, a chip maker best known for its high-performance computing and networking tech. Even though it is not yet publicly confirmed, financial news outlet Calcalist and Reuters announced that NVIDIA outbid its main rival Intel by offering more than $7bn - well past the $6bn Intel decided to pay a few months ago. These offers come after Mellanox essentially offered itself for sale in October 2018, which reportedly also garnered attention from Microsoft and Xilinx. 

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    • France will introduce a 3% tax on  internet giants

      France will introduce a 3% tax on internet giants

      France's Finance Minister Bruno Le Maire (pictured) on Wednesday presented plans to slap a 3% tax on the French revenues of internet giants like Google, Amazon and Facebook. The proposed bill is an attempt to get around tax avoidance measures by multinationals, which pay most of their taxes in the EU country they are based in, often at very low rates. So the companies pay next to no tax in countries where they have large operations.

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    • Say goodbye to your passwords

      Say goodbye to your passwords

      Web Authentication (aka WebAuthn) has been a de facto standard for no-password web sign-ins for almost a year after the most famous browsers (Firefox, Chrome, Edge, Safari) began implementing it. It is also supported by many websites, including Airbnb, Alibaba, Apple, Google, IBM, Intel, Microsoft, Mozilla, PayPal and SoftBank. But now the World Wide Web Consortium and the FIDO Alliance have officially declared it as an official standard for logging into accounts.

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    • US to deprive Turkey,  India from trade privileges

      US to deprive Turkey, India from trade privileges

      Under the order of President Donald Trump, the US will scrap the preferential trade status granted to India and Turkey, news wires reported on Monday. The US trade chief's office said in a statement that Washington “intends to terminate India's and Turkey's designations as beneficiary developing countries under the Generalised System of Preferences (GSP) programme because they no longer comply with the statutory eligibility criteria”. Under this programme, certain products can enter the US duty-free if countries meet eligibility criteria including “providing the US with equitable and reasonable market access”.

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