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Google and Facebook could be caught in the US-China trade war

There are reports that the Trump administration is considering tariffs on networking equipment from China. That could spell trouble for companies that buy Chinese components for their global cloud computing operations, such as Google (GOOG), Facebook (FB) and Amazon (AMZN), analysts say

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There are reports that the Trump administration is considering tariffs on networking equipment from China. That could spell trouble for companies that buy Chinese components for their global cloud computing operations, such as Google (GOOG), Facebook (FB) and Amazon (AMZN), analysts say.

And chip makers such as Intel (INTC) could face tariffs on computer chips. US companies often send mostly finished chips to China for assembly, testing and packaging. Those companies could pay a penalty when those chips are shipped back into the country.

So far, US tech giants have largely stayed out of the trade fight. The threat of tariffs on tech products from China could force Silicon Valley leaders to be more vocal about their concerns.

Read Also: An app that can find anyone anywhere is born

“[As you see] what types of products they’re hitting, I think it becomes a lot more tangible, and a lot more real” for tech companies, said Daniel Ives, chief strategy officer and head of technology research at GBH Insights.

Modems and routers are on a list of Chinese goods worth $200 billion that could face 10% tariffs in the United States after August 30. A tariff on those products could also hurt the tech industry, which uses huge IT networks to deliver products and services around the globe.

China accounted for almost half of the roughly $23 billion of IT network gear the United States imported in the 12 months through April, according to Panjiva, a global trade research company owned by S&P Global Market Intelligence.

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Airtel Africa signs a $125 million credit deal with American bank, Citi

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Telecommunication giant, Airtel Africa has signed a $125 million credit deal with American multinational investment bank, Citi through its branch offices/subsidiaries in sub-Saharan Africa. 

According to a statement signed by Simon O’Hara, Group Company Secretary the credit “…facility is in line with our strategy to raise debt in our local operating companies and will include both local currency and US dollar denominated debt.”

The facility has a tenor up to September 2024 and will be used to support Airtel Africa’s operations and investments in four of its subsidiaries.

“The facility provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity, with a focus on rural areas and women, and aligning with the Group’s sustainability strategy launched in October 2021…”

A report by Nairametrics says Airtel’s net profit grew by 25.26% in the fiscal quarter of 2023, and 27% of the company’s FY 2022 earnings, broadly due to higher finance costs and regulatory/government policy changes in the Nigerian segment of the company’s business.

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Female Nigerian robotics engineer invents smart bra that can detect breast cancer

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A female robotics engineer in Nigeria, Bolarinwa Kemisola, has invented a smart bra that has the capability of detecting breast cancer in its early stages.

Kemisola who announced the feat on Friday, said the new device can help in the “fight against breast cancer in Nigeria where an estimated 17,000 women die of the disease every year.”

The smart bra, according to the scientist, contains a total of 14 sensors connected to a USB outlet through cables, with the system, including a phone application where the procedure can be followed and monitored.

She stated that she was inspired to devote herself to finding a solution to breast cancer on the day her aunt died died of the disease.

The cancer detecting bra (Photo Credit: Tech Trend Africa)

The cancer detecting bra (Photo Credit: Tech Trend Africa)

Following the advice of several healthcare professionals and scientists, she said she began work on the first prototype in February 2021.

The new device, according to Kemisola, will also help in raising awareness about breast cancer in Africa where a data by the World Health Organization (WHO) estimates that more than 74,000 women died of breast cancer in Africa in 2020 alone.

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