Sweden


Geely boss' Ecarx venture to provide high-tech chips for vehicles

Geely boss' Ecarx venture to provide high-tech chips for vehicles

(ATF) An automotive technology startup backed by internet giant Baidu and the chairman of Geely said on Tuesday it planned to supply much sought-after semiconductors through a joint venture (JV) with Arm China.Ecarx, founded in 2016, said the 7-nanometre (nm) chips would be used in smart cars and high-definition mapping …

Continue reading

Tesla 'defectors' hit the big time with huge lithium battery deal

Tesla 'defectors' hit the big time with huge lithium battery deal

(ATF) A Swedish company headed by two Tesla 'defectors' – or rather, former employees – has hit the big time. Not quite as big as their former boss Elon Musk, but in the future, well, they are beginning to make a mark of their own. After leaving Tesla, Peter Carlsson …

Continue reading

China bond market now too big for West to ignore, say fund managers

China bond market now too big for West to ignore, say fund managers

China's $16 trillion sovereign debt market - a large, A+ rated market that pays 3% yields, with minimal volatility - is becoming too big to ignore, even for the most risk-averse Western investors.The nation is looking increasingly alluring for European pension funds swimming in sub-zero bond yields as ageing populations …

Continue reading

Many central banks looking at digital currencies

Central banks develop digital currencies 

(ATF) The coronavirus has accelerated the world’s move away from cash. Now central banks are considering developing digital versions of the notes and coins in our wallets. Sweden and mainland China could well launch CBDCs – central bank digital currencies – during 2021.These are not cryptocurrencies or units used in …

Continue reading

Sweden bans Huawei, ZTE from upcoming 5G networks

Sweden bans Huawei, ZTE from upcoming 5G networks

STOCKHOLM: Sweden on Tuesday banned on security grounds the use of telecom equipment from China's Huawei and ZTEin its 5G network ahead of a spectrum auction scheduled for next month, joining other European nations that have restricted the role of Chinese suppliers.Telecoms regulator PTS said the decision followed advice from …

Continue reading