Tata Motors, two group finance firms accused of antitrust violations in India: Sources

India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. The Competition Commission of India (CCI) is reviewing a complaint which alleges the country’s biggest seller of trucks dictated terms around the quantity and type of vehicles its former dealer in northern India – Varanasi Auto Sales – should stock. More than a dozen lawyers representing the three Tata companies attended a private hearing at…

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China theft of technology is biggest law enforcement threat to US, FBI says

A lamp post outside the White House is adorned with Chinese and US national flags in Washington. Photograph: Jewel Samad/AFP via Getty Images The FBI on Thursday identified China as the biggest law enforcement threat to the United States, and its director said Beijing was seeking to steal American technology by “any means necessary”. The FBI director, Christopher Wray, told a conference the bureau currently had about 1,000 investigations open into Chinese technology theft across its 56 regional offices. The agency’s counterintelligence chief, John Brown, said the bureau arrested 24 people in 2019 in…

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‘Do not travel to China’ because of coronavirus risk, US tells citizens

Americans shouldn’t travel to China because of the risks from the new coronavirus, the US State Department said. US citizens currently in China should “consider departing using commercial means,” the alert said. Secretary of State Mike Pompeo echoed the warning on Twitter. A Level 4 travel advisory is the most severe warning issued by the State Department, and it applies only to areas with a “greater likelihood of life-threatening risks.” The warning cites a decision earlier today by the World Health Organization to declare the outbreak a global public health emergency. The virus has…

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Why This Is The Era Of Crossroads For Technology

When digital became the New Normal, a silo that used to be the safe dwelling place of nerds and geeks all over the world suddenly opened up to the mainstream. When I was studying computer science at the beginning of the nineties, most of my non-engineering friends had no interest whatsoever in technology. Now I see them casually talking about the impressive 12 Megapixel camera on their latest Smartphone or their AI-powered lawn mower robot. Technology is no longer the sole domain of the technologist. It is now the intersection…

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And justice for all: new issue of Future Power Technology

Future Power Technology is now available on all devices. Read the new issue here. At the Business Booster event in Paris, former Irish President Mary Robinson highlighted the need for a “just” energy transition. We consider whether renewable power can deliver social change, as well as technological change, and some of the companies and projects leading the way. Also, we look at whether California’s energy infrastructure can keep up with its ambitions, ask what makes a PPA more attractive than buying energy off power companies, and talk to Good Energy about…

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Best of The Interpreter 2019: Technology

The endless blessings of technology – where would we be without them? Not reading this page, for a start. Several decades into the so-called digital revolution (depending where you mark the start), tech has become almost as essential to our everyday lives as air and water, and yet behind the utopian glimmer, doubts linger that we have tricked ourselves, and the Luciferian fire that brings light also has the power to consume us and destroy us. The Interpreter traced how technology has continued to influence and infiltrate international affairs this past…

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Benefits and importance of open source technology for enterprises

Technology should be carefully selected to actively grow business over the long term, so it requires careful consideration and foresight. Open source has been gaining popularity or a long time due to the benefits it comes with. Those who don’t know the difference between the two, open source software’s source code is available to everyone. Anyone can modify its code while proprietary software is owned by enterprises or individuals and its source code can only be modified by its owners. Enterprises that use open source software enjoy many advantages over…

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Qantas completes record 19-hour flight to test limits of air travel

Qantas just broke a record for air travel, and it may have helped science in the process. The Australian airline has completed the first non-stop commercial flight from New York City to Sydney as part of a project researching the effects of very long flights — in this case, 19 hours and 16 minutes. The study measured pilots’ brain waves, melatonin and overall alertness, while passengers helped gauge the effectiveness of anti-jetlag measures like changes to cabin lighting and meals. Travelers even participated in exercises to keep their bodies limber. There are two…

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Technology creating jobs of tomorrow

Part of the technological shift happening across the globe is the change in how we work, right down to the creation of jobs that simply didn’t exist yesterday. Geoff Augutis delves into how technology is evolving the workforce with the creation of new jobs happening right across the globe. When your teenage child spends their weekends locked in a dark room playing video games with their friends who live half way around the world, it can be hard to see the bright side. That being said this same young man…

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Finance Minister Nirmala Sitharaman to Meet CEOs of Public Sector Banks on October 14

New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore…

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