Huawei launched its Cloud Open Labs in the presence of 19 leading global operators, industry organizations and partners, including the Linux Foundation, Open Platform for NFV (OPNFV), China Association of Communication Enterprises, Accenture, Red Hat, VMware and Wind River.

As part of Huawei's commitment to open, evolution and innovation, the Cloud Open Labs – with interconnected facilities across four labs – aim to enable operators' business success. These centers will provide the foundation for integrating and verifying solutions which enable the All Cloud transformation.

After the UK’s June 23 referendum to leave the European Union, traders and investors awoke to a global sell off in stocks, a surge in U.S. equity trading volumes, and volatility in foreign exchange rates as the British pound sterling fell to historic lows against the US dollar.

Despite the uncertainty, U.S. stocks – the blue-chip Dow and the S&P 500 — recovered and hit new highs since then. Yet investors are still wrestling with concerns about the global economy and the fallout from the UK’s decision to leave the EU.

Wirecard, one of the leading payment service providers, is now working together with O2 Czech Republic to offer a unified solution to all retailers in the Czech Republic. Thanks to the new cooperation, O2 as the largest telecommunication provider in the Czech Republic will offer their merchants a product named eKasa which is a fully online, tablet based fiscal till system together with credit card payment transaction services. With this, every retailer is in the position to comply with the new government standards in a beneficial way.

A new partnership between Avelacom and SGX aims to improve accessibility of low latency applications that are in high demand among hedge funds, rading firms, investments banks both within and outside the APAC region.

 OneMarketData, LLC, a leader in tick data management and analytics, today announced that Aequitas NEO Exchange Inc. (“NEO Exchange”) has implemented OneTickCloud, a data and advanced analytics service based on its flagship platform, OneTick.

Virgin Money’s announcement that it has shelved plans to move into business banking due to economic uncertainty following Brexit sent shockwaves through the banking and SME sector on Wednesday.

This, coupled with a letter issued by Royal Bank of Scotland and NatWest to their 1.3 million business customers warning if the Bank of England reduces the already low (0.5%) base interest rate, businesses would be charged to deposit money at the bank, has left many SME owners concerned about what the future holds for their finances and cash flow.

Visa announced Quick Chip, a technology enhancement that optimizes EMV®¹ chip card processing to not only speed up checkout times, but also significantly streamline chip implementation.

Index, a leading retail software company that combines secure payments, measurement, and personalization, has deployed the first implementation of Quick Chip in the United States at New Leaf Community Markets, a chain of seven natural grocery stores in Northern California. New Leaf customers can now insert and remove their chip card from store payment terminals in about two seconds.

 iTernity’s Compliant Archive Software (iCAS), combined with Scality RING software and Dell SD7000-S storage servers, helps reduce the cost and risks involved in managing rapidly growing amounts of unstructured data. Now organizations can deploy an ultra-dense file and object storage solution for large scale data archives to meet their retention policies and comply with evolving regulatory requirements.