On September 17, 2021, the “Maker in China” SME Innovation and Entrepreneurship Global Contest 2021 Grand Final was held in Guangzhou, China. MAD Gaze, a Cyberport incubatee specializing in augmented reality smart glasses, was declared the winner of the championship.
From your everyday newspapers to over-the-top (OTT) platforms like Netflix—numerous companies use the subscription-based business model. This model allows businesses to sell subscriptions online, billing customers on a monthly, weekly or yearly basis. This way, businesses can make the most of their customer relationships and build a steady income flow.
A week after crypto mining operations in China’s Sichuan province came to a halt, the country has now declared all crypto transactions illegal. On September 24, ten Chinese government agencies, including the central bank, made a statement saying that they would work closely to ensure a “high-pressure clampdown” on crypto trading.
Every year, the United Nations General Assembly (UNGA) meets in a regular session, beginning on the third Tuesday of September at the UN headquarters in New York City. The platform brings together leaders from around the world to discuss specific issues through dedicated agenda items and adopt respective resolutions.
In its latest bid to strengthen surveillance, Singapore deployed two robots to police bad behavior in public places. According to the press release shared by the Home Team Science and Technology Agency (HTX) of Singapore, the robots detected behavior such as the flouting of Covid-19 norms, smoking in prohibited areas, illegal hawking, improper parking of bicycles, and riding motorcycles on walking paths.
The global community has become increasingly concerned about climate change in 2021. The International Panel on Climate Change released a report in August 2021, saying that unless there is a large-scale reduction in greenhouse gas emissions, it will be beyond mankind’s reach to limit the rise in global temperatures to 1.5°C or even 2°C.
Understanding and accessing your legal rights has never been an easy task, be it for individuals, startups or non-profits. Legal jargon can be tough to decipher, particularly when you don’t have a law firm you can rely on to help you with legal research. Here’s where law tech can come into play.
In 2020, over 600 corporations in the U.S. filed for bankruptcy. In India, that number touched 72. And in China, over 200,000 companies went bankrupt in the first two months of 2020. Declaring bankruptcy is becoming a common recourse for big and small companies. But what is causing companies to go bankrupt?
When you think about art, what crosses your mind? Be it Van Gogh’s Starry Night or Leonardo da Vinci’s Mona Lisa, when most people look at art, they try to think about what was going on in the artist’s mind when they created it. But what if the art you were looking at was not created by a person at all?
In 2020, over 240,000 people in the U.S. reported being victims of phishing. The second most commonly reported cybercrime was the non-delivery of products, followed by extortion. Cybercrimes are more rampant than ever. Recognizing that, 154 countries have enacted cybercrime legislation. Still, that has not deterred cybercriminals who steal information and money from vulnerable people and companies.
Footwear giant Nike witnessed a 3% dip in its shares as supply chain problems worsened. About three-fourths of Nike’s shoes are manufactured in Southeast Asia. Over 50% of them are made in Vietnam, where factories are shut due to Covid resurgence.
After the Evergrande crisis, another issue may threaten China’s GDP. This holiday season, some of us across the world may not get to buy smartphones and other goods for our loved ones. That’s because China’s state-mandated power cuts have forced factories to shut down and halt production. This will affect the supply of some sought-after products, like Apple and Tesla.
On September 21, social network company Twitter announced that it would pay US$809.5 million to settle a shareholder’s class-action lawsuit. (Read more about that here!) The lawsuit is based on the claim that Twitter was misleading its investors on how people used its platform and how much its user base was growing.
The Covid-19 pandemic has drastically impacted many sectors of the world economy. One of the sectors that fell on its face was the supply chain.The pandemic and lockdown have resulted in businesses’ inefficiency in meeting unprecedented consumer demand across all product categories. Recently, Morten Engelstoft, Chief Executive at Maersk-owned APM Terminal, echoed a similar sentiment.
A popular NFT marketplace, OpenSea, recently admitted to insider trading by one of their employees. While the company had not revealed the name of the erring employee, individuals were able to utilize the platform’s public access blockchain ledger to ascertain the identity of the culprit.
On September 14, Gary Gensler, the Chairman of U.S. Securities and Exchange Commission (SEC), said that he doesn’t see long-term viability for cryptocurrency. He emphasized the importance of regulating crypto and protecting the interests of investors.
