DIRS.INFO The most relevant business & tech news

☆ China gears up to compete with SpaceX's Starlink this year
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Nacho DoceBEIJING, March 2 (Reuters) - China's military-industrial complex is set to start building its first constellation of very low-Earth orbit (LEO) satellites later this year, the latest Chinese bid to catch up with U.S.-based Starlink. Starlink, operated by billionaire Elon Musk's Space X, has built a fast-growing network of more than 3,500 satellites in low-Earth orbit. LEO satellites have the added advantage of being cheaper and providing more efficient transmission than satellites at higher orbits. While CASIC and others have already launched their first LEO satellites, the gap with Starlink is likely to remain large throughout the next decade. Analysts estimate that China currently has no more than several hundred LEO satellites in operation and it would only reach 4,000 by 2027.

While law firms sometimes negotiate fixed fees on transactions, market participants said such deals would be unlikely on transactions that faced the amount of legal uncertainty of Rogers-Shaw. The Rogers-Shaw deal is expected to be the tenth-largest deal in Canadian history since 1995, according to data from Dealogic. Law firms Lax O’Sullivan Lisus Gottlieb represented Rogers, while Davies Ward Phillips & Vineberg and Wachtell are lawyers for Shaw. None of the law firms responded to Reuters queries on the legal fee. Rogers and Shaw on Friday extended the closing deadline for the fourth time to March 31.

☆ Canada's Champagne unveils CRTC direction as Rogers-Shaw deal nears final nod
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Canadian Industry Minister François-Philippe Champagne said on Monday the country's broadcast and telecommunications regulator would focus on improving competition, affordability and consumer rights as part of a new policy direction. Other objectives in the policy direction to Canadian Radio-television and Telecommunications Commission (CRTC) included speeding up new infrastructure for better consumer access and improving service reliability, said Champagne, the Minister of Innovation, Science and Industry. Champagne has previously indicated support for the Rogers-Shaw deal if certain conditions were met. In January, the companies cleared a major hurdle after the Canada Competition Bureau dropped plans to oppose the deal following two defeats in courts. ($1 = 1.3337 Canadian dollars)Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's surging oil exports to China in Aug fail to keep Saudis down -data
▼ + stars: | 2022-09-20 | by ( Chen Aizhu | ) www.reuters.com time to read: +3 min

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled 8.342 million tonnes, data from the Chinese General Administration of Customs showed. The August amount, equivalent to 1.96 million barrels per day (bpd), was slightly off May's record of nearly 2 million bpd. read moreStill, imports from Saudi Arabia rebounded last month to 8.475 million tonnes, or 1.99 million bpd, 5% above the year ago levels. China's crude oil imports in August fell 9.4% from a year earlier, as outages at state-run refineries and lower operations at independent plants caused by weak margins capped buying. The strong Russian purchases continued to weigh on competing supplies from Angola and Brazil, which fell in August by 34% and 47% year-on-year, respectively.

Search resuls for: "Science and Industry"

4 mentions found