Crypto News 

Vietnam’s Central Bank Backs Plan to Suspend Import of Crypto Mining Equipment

“The prevalence of crypto mining equipment also reportedly makes it easier for people to use cryptocurrencies as methods of payment, which is illegal in Vietnam” reports financemagnates.com. The State Bank of Vietnam has announced that it is backing a plan proposed by the Vietnamese Ministry of Finance to place a suspension on the import of cryptocurrency mining equipment, according to a report by the Vietnam News on July 19. In May, the Hanoi Department of Industry and Trade prohibited retailers from using Bitcoin or any other cryptocurrencies in online transactions.Indeed,…

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News Stocks 

Cisco stock shoots up 3% after Amazon officially denies that it’s going to become a competitor

“Amazon Web Services, the retailer’s cloud computing business, has officially denied a report that indicated the company was going to produce its own networking equipment that would compete with Cisco” writes Rachel Sandler for businessinsider.com. Some analysts were skeptical of how much Amazon could damage Cisco’s core business, especially among the large enterprises that constitute the company’s core customers. Source: businessinsider.com Share This:

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News Stocks 

Exclusive: Amazon denies it will challenge Cisco with switch sales

“Amazon would not comment on whether it is creating its own networking equipment, just that it did not plan to sell such equipment to other businesses” writes Jeremy C for marketwatch.com. The report said Amazon’s generic networking equipment would be based on open-source software and sourced from “white box” manufacturers, which would likely make the product much cheaper than offerings from the larger networking companies.Amazon and other networking stocks were calm in immediate late trading. Source: marketwatch.com Share This:

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News 

FITNESS: Your Gym Could Soon Be Powered By Your Treadmill

“ECo fitness company SportArt are launching a UK-wide range of sustainable gym equipment that can generate energy from your hard work” writes Charley Ross for huffingtonpost.com. The  ECO-POWR  range includes the ‘Verde’ treadmill, which is tipped to be the world’s first energy-producing treadmill.It can convert up to 74% of kinetic energy that is produced while you move into electricity. Source: huffingtonpost.com Share This:

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AUD News 

Australia prepares to ban Huawei from 5G project over security fears

“Although Australia’s intelligence agencies are unwavering in their advice, Turnbull has yet to formally sign off on the Huawei ban” writes Midwest Communications Inc for 95kqds.com. But Australian intelligence agencies have told lawmakers that oversight will not allay their concerns, two political sources who have been briefed on the matter told Reuters.In 2012, Australia banned Huawei from supplying equipment to the country’s National Broadband Network, which has been hampered by technological failures. Source: 95kqds.com Share This:

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News 

Trump will officials slap tariffs on $34 billion worth of Chinese goods at midnight — here’s the full list of products that will get hit

“President Donald Trump’s tariffs on Chinese goods will officially kick off Friday, marking the biggest move yet in the US-China trade conflict” writes Bob Bryan for businessinsider.com. The final list of goods subject to the 25% tariff was announced June 15 and will hit roughly $34 billion worth of Chinese imports.According to the US trade representative’s office, US Customs and Border Protection were instructed to being collecting the new duties starting at midnight. Source: businessinsider.com Share This:

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News 

Travel hell for London Victoria commuters

“The cause of the fault has been traced to the failure of the power supply linked to signalling equipment” writes Shanker Singham for telegraph.co.uk. Commuters have been urged not to travel to London after a power shortage caused dozens of trains to be cancelled, with Southern Rail particularly affected.Network Rail has said the cancellations and delays are expected until the end of the day due to a total loss of signalling power on three separate supplies in the Streatham area.The problem with signalling equipment was discovered at 10.30pm on Wednesday…

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News 

London Victoria travel chaos: Power failure causes severe train delays and cancellations – latest updates

“The cause of the fault has been traced to the failure of the power supply linked to signalling equipment” writes Allister Heath for telegraph.co.uk. Commuters have been urged not to travel to London after a power shortage caused dozens of trains to be cancelled, with Southern Rail particularly affected.Network Rail has said the cancellations and delays are expected until the end of the day due to a total loss of signalling power on three separate supplies in the Streatham area.The problem with signalling equipment was discovered at 10.30pm on Wednesday…

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News 

U.S. factory orders increase, equipment spending cooling

“Factory goods orders increased 0.4 percent amid strong demand for machinery, the Commerce Department said on Tuesday” writes Midwest Communications Inc for 95kqds.com. The moderation in business spending on equipment could undercut the White House’s argument that lower corporate tax rates would boost investment. It said while the index still indicated a positive outlook for equipment spending in the second half of the year, it was past its peak.Business spending on equipment is slowing after double-digit growth in the second half of 2017.Orders increased 8.7 percent on a year-on-year basis…

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News 

ZTE Corp shares rise by daily maximum limit in Shenzhen

“HONG KONG (Reuters) – Shenzhen-listed shares of embattled Chinese telecom equipment maker ZTE Corp rose on Tuesday by the maximum daily allowed 10 percent in afternoon trading” writes Midwest Communications Inc for 95kqds.com. ZTE’s Hong Kong-listed shares rose as much as 6.5 percent by 0700 GMT, outperforming the benchmark Hang Seng Index that dropped 1.8 percent.It was not immediately clear why the shares rose.China’s No.2 telecom equipment maker was forced to cease major operations in April after the U.S. slapped it with a supplier ban saying it broke an agreement…

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