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European Union considers new fishing rights proposal from the UK

European Union considers new fishing rights proposal from the UK

World

The European Union is reportedly considering a new fishing rights proposal from the United Kingdom as  Prime Minister Boris Johnson makes an effort to secure a last moment trade deal. According to the sources of knowledge, the latest proposal indicates that Britain has agreed to let the boats from EU to retain two thirds of the catch. Apparently, the United Kingdom was insisting that the EU must agree upon 60% cut last week.

It has been reported that the EU recently offered a 25% cut over a span of six years. However, France is not very comfortable with this proposal and this has fueled an outrage from the bloc’s fishing industry.

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UK-based BDO takes U-turn on repaying £4.1M in furlough money

UK-based BDO takes U-turn on repaying £4.1M in furlough money

World

BDO, one of the leading accountancy firms in the UK, has reportedly made a U-turn on repaying a sum of £4.1 million in furlough money, that it had obtained from taxpayers following a backlash regarding massive payouts to partners. The company will be returning the amount to HM Revenue & Customs within days after witnessing the public mood, cited a statement by BDO.

According to BDO’s Managing Partner, Paul Eagland, the firm had obtained £4.1 million of furlough money from the government for protecting jobs that would otherwise be at risk. The company was planning to review the process of repayment by June 2021, the end of its ongoing financial year. H

South Korea’s President orders expansion of COVID-19 testing

South Korea’s President orders expansion of COVID-19 testing

World

Moon Jae-in, the President of South Korea, has reportedly called for expanded COVID-19 testing along with more in-depth contact tracing as the nation is struggling to control its newest and biggest wave of coronavirus infections.

The Korea Disease Control and Prevention Agency has reported nearly 615 novel cases of coronavirus, completing a month of triple-digit daily surges that have led to about 8,311 confirmed patients in quarantine, the most seen ever.

The increasing number of cases has shocked the vaunted pandemic fighting system of the country, which successfully utilized invasive testing, tracing, as well as quarantines for avoid

20by2020 installs Safe Water Cube fountains in rural areas of Madagascar

20by2020 installs Safe Water Cube fountains in rural areas of Madagascar

World

This move is expected to enhance the water quality of life for about 8,500 people living in these areas on a daily basis.

Reduced access to potable water is currently one of the pressing threats around the world. With more than over 58% of people across the rural communities of Madagascar experiencing lack of access to safe drinking water, it has become quite essential for the government and other organizations to come up with a plan to address this daunting issue.

That said, credible sources have reported that to curtail the prevailing challenge, the UAE-driven humanitarian initiative-20by2020, has recently announced

Watergen and Al Dhara ink deal to sell ‘water-from-air’ units in UAE

Watergen and Al Dhara ink deal to sell ‘water-from-air’ units in UAE

World

Watergen, an innovative water-from-air startup, has reportedly announced that it has inked a new strategic partnership agreement with UAE-based firm Al Dahra, to export and market the Israeli solution across UAE as well as a number of other regional countries.

The said deal was signed Wednesday last week in Abu Dhabi by the president and CEO of Watergen, Michael Mirilashvili, and the co-founder as well as vice chairman of Al Dahra, Khadim Al Darei. The proposed collaboration would target a plethora of different sectors, which includes offices and apartment buildings, agriculture, and hotels and industrial plants, cited Watergen.

The two

Nokia partners with A1 to offer private network for Siemens microgrid

Nokia partners with A1 to offer private network for Siemens microgrid

World

Nokia Corporation, an innovative global leader in wireless networks, has reportedly joined forces with A1 Telekom Austria Group (A1) to offer a private wireless network for Siemens Austria’s microgrid, which is deployed at its Vienna campus.

The A1 campus solution showcases the benefits of using a private wireless solution to run critical applications such as utility or enterprise microgrid, and how they can be conveniently implemented with reliable, secure, and fast connectivity.

Microgrids, storage, and renewable energy sources are increasingly being adopted by industries across the globe to assist enterprises in reducing their

SoftBank’s Vision Fund Seeks Capital for its New Blank-Check Company

SoftBank’s Vision Fund Seeks Capital for its New Blank-Check Company

World

Vision Fund of the SoftBank Group is targeting external funding for a blank-check organization that it has planned to launch. Additionally, SoftBank may put its capital in the company, the size of which is undetermined.

The head of SoftBanks’s $100 million funds, Rajeev Mishra is joining the special purpose acquisition companies (SPAC) race, as he looks forward to capitalizing on the trendy new investment vehicle. The details of the vehicle will be unveiled in the next couple of weeks. 

Vehicles like these are used to take a record number of companies’ public, avoiding the traditional IPO, with Opendoor, a home-selling

Huawei to Serve the European 5G Clients as the US Restrictions Tighten

Huawei to Serve the European 5G Clients as the US Restrictions Tighten

World

Huawei is finding it difficult to counter the U.S. sanctions which are designed to suspend its access to semiconductors. But the Chinese telecom giant can continue serving European 5G network clients, according to the reports.

The company was still looking for a solution to support millions of its phone users after Google was restricted to provide technical support for the Huawei phone models utilizing the mobile operating system Android.

Huawei's vice-president for Europe, Abraham Liu stated that since the United States sanction last year, the U.S. semiconductor manufacturers are no longer permitted to supply them, and thus their p

MultiBank Group secures strategic commercial license from DFSA

MultiBank Group secures strategic commercial license from DFSA

World

Online financial derivatives provider, MultiBank Group, has reportedly obtained a strategic and reputable commercial license from the Dubai Financial Services Authority (DFSA). The company has been consistent in its worldwide expansion by securing the DFSA regulatory license in the DIFC, state sources.

According to Courtney Fitzsimmons, MEX Australia’s CEO, the company has thoroughly enjoyed collaborating with the DFSA throughout this process and is proud to take a place here in the DIFC. The company is excited to add to its regulatory arsenal and eagerly looks ahead to making its mark in Dubai, added Fitzsimmons.

Sources cite tha