Kenya Loses Over $900-Million to Illicit Trade According to Report | Tempemail – Blog – 10 minute

Sourced from Business Daily Africa.

The Anti-Counterfeit Authority of Kenya has released findings of the Tempemail Baseline Survey on the extent of counterfeit and other forms of illicit trade in the country.
According to the study conducted between October 2019 and February 2020, the Government revenue lost in 2018 stood at KES102.99-billion up from KES101.23-billion in 2017. Around $900-million each year.
From the 16 sectors of the economy that the study concentrated on, the most affected were building, mining and construction. These three sectors were specifically and heavily affected by counterfeiting with a share of 23.37% in value of total illicit trade, followed by energy, electrical and electronics with a share of 14.67% in 2018.
The sectors where most government revenues were lost are the food, beverage and non-alcoholic drinks sector with a share of 23.19%, followed by textile and apparel at 20.09%.

30% of the firms in the sectors were aware that their products were being counterfeited and sold in the black market, whereas 56.4% of the sampled firms were not aware that their products were being counterfeited and sold. Between 2016 and 2018, 7484 jobs were lost in Kenya due to illicit trade with counterfeiting accounting for 32.59% of the jobs lost.
The study also cites piracy as a critical form of illicit trade. According to the findings, the loss of sales as a result of pirated products stood at around  $2 million (KES2.2 billion) over the period 2016-2018. Although the trend depicts marginal decline between 2017 and 2018, the loss as a result of total sales is quite high ranging between 37.69% and 42.14%, which is a clear indication of how piracy is wiping profitability of the affected firms and individuals.
“We conducted this study with a sole purpose of determining the extent and magnitude of illicit trade in the country and the findings are out. This provides baseline statistics upon which we will work very closely with our enforcement teams and other government agencies to nab culprits to reduce counterfeiting and other forms of illicit trade in Kenya. This goes a long way to demonstrate our resilience in the fight against counterfeiting,” notes Elema Halake, ED of the Anti-Counterfeit Authority.
He adds “As we celebrate the World Anti-Counterfeit Day today, we urge all Kenyans to beware of illicit goods when purchasing products in retail outlets. Additionally, we call upon the public and private sector especially the Kenya Association of Manufacturers to continue working closely with us as we battle this economic threat.”
Coinciding with the launch of the baseline survey report was the unveiling of the Tempemail Illicit Trade Observatory (NITO), a tool that will enable monitoring of illicit trade in Kenya.
The observatory tracks six types of illicit trade: counterfeit, piracy, substandard goods, uncustomed goods, restricted goods and unexercised goods.
“The observatory is designed to be a data management and reporting tool where enforcement agencies will report seized goods (both from domestic and import markets), while the private sector shall be able to anonymously report on counterfeited products affecting their market share as well as their impact,” says Ahmed Farah, TradeMark East Africa’s Kenya Country Programme Director.
Edited by Luis MonzonFollow Luis Monzon on TwitterFollow Tempemail on Twitter

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US launches trade probe into digital taxes – Cloud- Tempemail – Blog – 10 minute

The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries, the US Trade Representative’s office said, a move that could lead to new punitive tariffs and heighten trade tensions.
Such taxes are seen by several countries as a way to raise revenue from the local operations of companies including Google and Facebook.
“President (Donald) Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies,” US Trade Representative Robert Lighthizer said in a statement.
“We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination.”
The announcement came after the US Commerce Department said it would investigate whether imports of the metal vanadium violate national security, a sign that the Trump administration is actively pursuing new trade barriers despite the coronavirus pandemic.
Trump based his nearly two-year trade war with China on a probe into Beijing’s intellectual property and technology transfer practices under Section 301 of the US Trade Act of 1974, which authorizes action, including tariffs, to end foreign government practices that curb U.S. commerce.
Broad negotiations through the Organisation for Economic Co-operation and Development to set a global standard for digital taxes have proven elusive, and the coronavirus pandemic has slowed them down.
In a Federal Register notice, the USTR said the probe would cover digital services taxes adopted or under consideration by Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and Britain.
The trade agency said it has requested consultations with these governments.
Spain’s plans to tax tech companies’ revenues do not discriminate against any country, a government source told Reuters.
The Internet Association industry trade group said the probe was needed since a growing number of countries had proposed or enacted digital taxes despite the OECD negotiations.
“The US must continue sending a strong message to trading partners that targeted discriminatory taxes against US firms are not an appropriate solution,” said the group’s trade policy director Jordan Haas.
The USTR said the probe would look at whether the taxes discriminate against US companies, are unfairly retroactive and “possibly unreasonable” in that they diverge from international norms.

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Pizzas in the post: Shopify challenges Amazon for slice of lockdown trade | E-commerce – Blog – 10 minute

When the lockdown forced the Pizza Pilgrims chain to close, the company came up with an unusual solution to stay in business.
The company, with restaurants in London and Oxford and run by brothers Thom and James Elliot – who started out selling Neapolitan pizza from the back of a converted Piaggio Ape van – hit on the novel idea of posting pizza kits to customers.
The first 50 of the £15 frying pan pizza kits, which promise to make a pair of “banging” margheritas, sold out in 20 seconds. The company is now packing up to 700 a day and considering opening up a second of its 13 restaurants to satisfy the demand.
Pizza Pilgrims pivoted online almost overnight via Shopify, the Canadian e-commerce platform that sells the digital kit that companies need to build and run a website.
The Ottawa-based firm is challenging Amazon’s dominance by offering brands of all sizes an alternative route online. For a monthly subscription, its software allows companies to manage their stock, payments and logistics under their own domain and brand.
Shopify now has 1m companies on its books, ranging from small UK outfits such as Pizza Pilgrims to celebrities including Kylie Jenner and Kanye West, who use its tech to sell their respective makeup and clothing lines. Shoppers spent nearly £50bn on the platform last year.
The world has tilted towards the internet during the pandemic and there is a growing sense that the shutdown may be permanently changing consumer behaviour. Working from home has been normalised for millions of people, while pensioners have become converts to online grocery shopping.
The closure of big parts of the retail and hospitality trade has forced companies to find new ways to make sales. In the six weeks to 24 April, there was a 70% increase in the number of UK companies opening websites compared with the preceding six weeks, says Shopify.
Pizza Pilgrims had never considered selling online before, Thom says, but was forced to become inventive as the economy collapsed. The “most surreal moment of his life” happened last week when he was invited to join a business brainstorming session with No 10, only to find himself on a Zoom call with Boris Johnson.
Investors are banking on the evolving business model being good news for Shopify, with its share price more than doubling since the start of April. The surge has made it Canada’s most valuable company, worth $86.2bn (£69.4bn) after nosing ahead of the Royal Bank of Canada.

Pizza Pilgrims is selling margherita pizza meal kits online. Photograph: Felicity Cloake/The Guardian
Shopify’s rocketing value has turned the spotlight on its German-born boss, Tobias Lütke, 39, who describes himself on Twitter as “CEO by day, Dad in the evening, hacker at night”.
An avid video gamer, he openly takes days off work to indulge his passion, broadcasting his Fortnite and Starcraft campaigns on the Twitch streaming platform.
Lütke has blogged about his decision to quit school at 16 and become an apprentice computer programmer for Siemens in his home town of Koblenz.
“School was not for me,” he wrote. “To me, computers were so much more interesting. They diagnosed me with all sorts of learning disabilities and started to medicate me. I wanted to leave it all behind. My degree is not recognised in North America so I am technically a high school dropout.”
Lütke met his Canadian wife while snowboarding in Whistler and eventually moved to Canada to be with her, starting the Snowdevil website, selling high-end snowboards, with the entrepreneur Scott Lake. The pair soon realised the software Lütke was writing for the site was actually more valuable, and Shopify was born.

Employees at Shopify in Toronto, Ontario, Canada. Photograph: Bloomberg/Bloomberg via Getty Images
Shopify has made Lütke one of Canada’s wealthiest people, with a $7.1bn fortune, according to Forbes. However, the father-of-three reportedly shuns the workaholism that often comes with business success: “I’m home at 5.30pm every evening. I play video games alone, with my friends and increasingly with my kids. My job is incredible but it is also just a job,” he said on Twitter.
He recently announced Shopify’s offices would not reopen until 2021 with remote working set to become a permanent arrangement for most of its 5,000 staff. “Office centricity is over,” he tweeted.
Shopify’s plans for the future include parking its tanks on Amazon’s lawn by building a warehouse and logistics network so that it can also handle shipping on behalf of its sellers.

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Collaboration Strengthened Between IBM And we.trade Digital Trade Finance Network- Tempemail – Blog – 10 minute

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we.trade, a  blockchain-based platform that makes international trade faster and more efficient, today announced an enhanced collaboration with IBM which will enable network enhancements and accelerate the global commercialisation of the platform. IBM has also become a new shareholder along with the 12 existing bank shareholders.
Already one of the largest blockchain-enabled trade networks in production, we.trade is designed to improve the trade finance lending process, supporting companies as they grow their business and expand into new markets. Over the last few months, we.trade has seen momentum continue to build as companies move to replace paper based trade finance processes with a digitised solution.
Starting July 2020, we.trade will extend services to additional banks and clients across Europe before expanding the network globally, starting with Asia. At the same time, work will continue to help enable we.trade to interoperate with other distributed ledger-based trade finance networks, such as the work already completed with Hong Kong-based eTradeConnect, a blockchain-based trade finance platform formed by 12 Asian banks.
In the current climate, improving access to trade finance is critical to economic recovery. With disruption in many services that support traditional trade finance methods, there’s now an added incentive for international trade to go digital, including embracing platforms which offer digitized versions of once manual business processes to ensure signatures, contracts, and trade financing agreements can be virtually linked.
“No other distributed-ledger based platform for trade has moved so rapidly to deliver value for member organisations and their customers,” said Ciaran McGowan, CEO, we.trade. “The enthusiasm for this platform underscores the need to continue to invest and expand access to a growing number of organisations.”
Built on the latest version of the IBM Blockchain Platform, we.trade is backed by some of the world’s top banks including CaixaBank, Deutsche Bank, Erste Group, HSBC, KBC, Nordea, Rabobank, Santander, Société Générale, UBS and UniCredit. It is designed to connect buyers, sellers, banks, insurers and logistics organizations in a network that simplifies cross-border trading.
we.trade helps automate many of the processes around trade finance, as well as provide traders with access to insurance, credit rating and logistics services. Once on the network, traders can initiate orders, manage the order-to-payment process and attain financing. They can also search the network to discover new trading partners.
A new IBM Institute for Business Value1 survey of more than 1,000 organizations globally found respondents said that accessing new markets is among the top motivating factors to join an existing blockchain network such as we.trade. Meanwhile 64 percent of respondents indicated that reducing friction in current processes and services was a top reason for using blockchain technology to augment existing trade digitization investments.
“The strategic direction for we.trade and IBM is focused on driving growth and transparency across the entire trade ecosystem, collaborating to enhance the network effect of blockchain, and expanding access to trade finance and other services to the market place,” said Jason Kelley, GM Blockchain Services, IBM. “Innovative technology and new pricing structures will help more banks align to internal production controls using their choice of cloud services. Meanwhile we.trade aims to help banks create new trusted trade corridors and expand markets by interconnecting with other regional trade services platforms.”

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Is the US Trade Ban Purposefully Limiting China’s Tech Dominance? Huawei Thinks So | Tempemail – Blog – 10 minute

Image sourced from Al Jazeera

Last week US President, Donald Trump extended the national trade ban by another year – a move which a senior Huawei Technologies executive believes is “really designed to safeguard American dominance of global tech”.
Similarly, Head of Consumer Electronics at Huawei, Richard Yu says “The so-called cybersecurity reasons are merely an excuse. The key is the threat to the technology hegemony of the US”.
The order prohibits American companies from buying, selling or using any hardware from Chinese technology companies in fear that it will result in ‘cyber-exploitation’ by China. Already in 2019, President Trump claimed that Huawei is a threat to American national security.

The US President then went on to sign an executive order allowing his government to any block trade between the US and a foreign organisation deemed as a threat — i.e. Huawei. The order also means that Chinese companies do not have legal access to American technology – unless they have applied for a license.
According to Bloomberg, this move “tightens those restrictions to prevent chipmakers — American or foreign — from working with Huawei and its in-house chip-design unit HiSilicon on the cutting-edge semiconductors they need to make smartphones and communications equipment”.
“This could be one way the US is limiting China’s dominance over 5G networks” – further writing that “China and Huawei have threatened retaliation should the US enact further measures to constrain the country’s largest tech company”.
 
 
 

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Twitch, IAS, Xaxis, The Trade Desk: Meet Tempemail Digital Advertising Awards USA 2020 jury- Tempemail – Blog – 10 minute

In the modern world, every business needs to be able to navigate their way through the digital minefield and produce work that gets results, which is why Tempemail Digital Advertising Awards USA are back for 2020.
We want to unearth the talented individuals, teams, products and services that are making the biggest difference in the digital advertising world.
This year’s judges include industry experts from Xaxis, Watsons Advertising, Croud, Bayer, The Programmatic Advisory, MMI, The Trade Desk, Twitch, Dentsu Aegis Network, Sparrow Advisers, KO Insights, Live Ramp and Integral Ad Science.
Below is a rundown on seven of our stellar judges:

Integral Ad Science
Lisa Utzschneider
chief executive officer

Utzschneider joined IAS as chief executive officer in January 2019, bringing more than 20 years of digital advertising expertise and tech-industry leadership experience to the role. Prior to this she held the position of chief revenue officer at Yahoo, Amazon’s vice president of global advertising sales and spent 10 years at Microsoft culminating in her role as general manager of the national sales and service teams.

It’s an important time for the digital advertising and media industries, and it’s crucial that we acknowledge industry leaders and innovations that are really pushing the industry forward. I am honored to join this dynamic group of judges for these awards this year, and look forward to seeing submissions that highlight innovative technology, compelling and thought-provoking campaigns.

LiveRamp
Jason White
vice president and head of publishers

White oversees the accelerated publisher adoption of LiveRamp’s Authenticated Traffic Solution. Prior to this, he was executive vice president and general manager of global programmatic for ViacomCBS and has held leadership positions at OpenX and FOX Audience Network. White has also served on the board of IAB Tech Lab, TrustX, was chairman of the IAB Programmatic Council and is an advocate for premium content and the democratization of information to keep the internet free in a post-cookie world.

I’ve always been particularly passionate about using advertising and data as a means to democratize data and keep the internet free, while putting individual choice and preferences at the center. It’s probably what has energized me the most throughout my 20+-year career in digital advertising and media. These awards embody the same sort of spirit, and drive at the heart of that narrative. I look forward to bringing my diverse experience – having served roles across advertising, ad tech platforms, publishers and consumer products – as a lens through which to judge these awards. It’s an honor to be able to recognize the companies and people who are defining excellence in creativity and strategy throughout our industry.

Xaxis
Sara Robertson
global vice-president, disruption

Robertston is vlobal vice-president, disruption at Xaxis. She is responsible for the challenging the status quo through careful stewardship of ‘long-shot’ investments and experimental research and development that enhances the unique value Xaxis brings to its clients. Robertston also leads the global vision and execution of Copilot, Xaxis’ proprietary artificial intelligence technology, and advanced data science initiatives broadly.

It’s more important than ever for agencies and brands to create innovative campaigns that look beyond the traditional metrics and really drive business outcomes. As a judge, I’m looking to see how teams are harnessing the power of data and technology to impact a business or customer issue. Technology has developed to the point where creativity and customization in campaigns is limitless. It’s an honor to serve as a judge for Tempemail Digital Advertising Awards and celebrate the best of our industry’s creativity and innovation.

The Programmatic Advisory
Wayne Blodwell
founder and chief executive officer

Blodwell was one of the earliest users of programmatic technologies in the UK and has since held various positions which have helped brands leverage the increasing importance of programmatic. He founded The Programmatic Advisory in 2016 to take this to the next level with a completely non-conflicted consulting service.

In the past year we have seen so much change with digital marketing – more channels are now enabled programmatically, data strategies have become more advanced and the end-to-end process has been increasingly automated. I’m really excited to see how entrants have adapted their strategies over the past year to accommodate these changes and how they have delivered excellent results with their marketing.

Sparrow Advisers
Ana Milicevic
principle and co-founder

Milicevic is an entrepreneur, media executive and digital data innovator. As principal and co-founder of Sparrow Advisers she and her team work with companies across adtech, martech, ecommerce, and media. Earlier in her career she held key leadership roles in companies like Adobe and SAS. Milicevic is a frequent speaker on topics of data management, cross-channel marketing analytics, customer experience, innovation, and emerging markets.

It’s always easy to spot examples of bad advertising and ‘what were they thinking’ campaigns; awards are a unique chance to highlight the great and the truly effective. I’ll be on the lookout for how effective entries were in driving revenue (and not just advertising KPIs) for their clients, examples of data influencing creativity, and examples of where choosing the right platform or partner can mean the difference between a ‘meh’ campaign and one worthy of being recognized as best practice.

MMI
Marc Goldberg
chief revenue officer

Over 25 years in the media industry, Goldberg has worked with the likes of J Walter Thompson, Zenith Media, About.com, Howstuffworks.com, Brand Safety Company, Trust Metrics and Method Media Intelligence. He currently serves on the advisory board for The 614 Group, IPC Pricing, Distributed Media Labs, Safeguard Privacy and Devcon. In addition, Goldberg participates as a mentor for Techstars NY, 500 Startups, and Entrepreneur Round Table Accelerators.

Hockey legend Wayne Gretzky said: “You miss 100% of the shots you never take.” In advertising, Method Media Intelligence’s Marc Goldberg says: “You miss 100% of the chance to win a Drum Award if you don’t submit. You believe you have done good work, now show us.

The Trade Desk
Walker Linares
director, TV

At The Trade Desk, Linares manages the relationships with broadcasters like Disney and Sling, to enable their inventory to be available programmatically to The Trade Desk clients. He has been in the programmatic space for nearly a decade, previously working at various companies such as SpotX and AudienceScience, specializing in programmatic partnerships.

In today’s environment, it’s more important than ever for marketers to truly understand customers’ needs and engage them with relevant messaging through their advertising. Our world has evolved so advertising must as well. I’m excited to be judging Tempemail Digital Adverting awards this year to see how brands are implementing more relevant, data driven messaging into their campaigns to ensure that they resonate with consumers in an engaging way.

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Amazon ordered to limit French trade to essential goods – Networking – Software- Tempemail – Blog – 10 minute

Amazon will have to limit its deliveries in France to essential goods like food and medical supplies while it carries out a more thorough assessment of the risk of coronavirus contagion at its warehouses, a French court ruled on Tuesday.
Some worker unions have been calling for the complete closure of Amazon’s activities in France, or at the very least a clampdown, after raising concerns over health standards at its shipping sites, arguing they were too crowded.
The US online retailing giant, which has repeatedly said it adheres to health guidelines, said it disagreed with the ruling, adding it was still evaluating the implications for its French logistics centres.
It said it had brought in temperature checks for workers in France like elsewhere and distributed face masks and sanitiser gel.
The court said Amazon had not always done enough to ensure safety distances were respected, based on checks by labour inspectors at various sites.
In the ruling, seen by Reuters, judges added the company had not thoroughly assessed the contagion risk of employees passing packages to each other.
Amazon will now have to work with employee representatives to carry out such checks and revise its protocols.
In the meantime, it has 24 hours to curtail any shipments passing through its warehouses, limiting them to groceries, hygiene products and medical items – and faces a penalty of €1 million (US$1.1 million) per day of delay in complying.
Representatives of the Sud trade union welcomed the ruling, saying they hoped it would lead to cutbacks in the number of products being shipped by Amazon for the duration of the coronavirus outbreak.
“If they content themselves with sending what is strictly necessary, workers will be able to respect social distances,” Tatiana Campagne, a Sud representative at Amazon’s Lauwin-Planque site in northern France, told journalists.
Amazon has already restricted the scope of products to be given priority in its warehouses in several countries, including France, though these still included items such as books.
The Amazon website has also been receiving many orders for craft kits and home-improvement goods during France’s broad lockdown to contain the coronavirus. Some employees said that, in recent weeks, they were packing video games and sex toys.
Workers have clashed with Amazon in France and elsewhere over the extent to which protective guidelines are implemented. The company has reported a handful of virus cases among staff.
Amazon has also been contending with a surge in demand worldwide and on Monday said it would hire 75,000 more US workers for jobs ranging from warehouse staff to delivery drivers.

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How are APIs revolutionising global trade finance?- Tempemail – Blog – 10 minute

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Written by Mr. Tim Nicolle, Founder, and CEO, PrimaDollar
Importing and exporting goods is a complicated process with many parties needing to interact and cooperate so that the exporter in one location can reliably move his goods to his distant customer in another location. Wrapped around this process is the challenge of moving the money – and trade has always involved a classic standoff between the two parties. The importer would much prefer to pay later, ideally after goods are received and turned into cash. The exporter, on the other hand, would like his cash upfront. This reduces his risk and means he can recycle his capital into new trades and new business.
And this interaction between the physical and the financial has left us with a multi-dimensional headache. Given all the steps in the physical export process, the traditional approach has been to create a financial process that matches it. The importer and exporter both work through their own banks. The goods move between the principals and the cash moves between their respective banks. This is a “four-cornered” system – and has been used almost since trade began.
But modern technology is making the world a smaller place. These days we can talk for free and with video – and all around the world. And so there is no longer any need for the four-cornered system with all of its complexities. Just as logistics companies are simplifying the physical steps involved in moving the goods from one place to another, a new breed of trade finance companies can simplify the process of moving the money – and enable the exporter to get paid upfront whilst the importer can pay later. This “triangular” system or three-cornered system is much simpler. The trade finance company pays the exporter at shipment and the buyer can pay later. The buyer’s credit risk is transferred.
And this is where APIs become important.
At a technical level, APIs allow systems to talk to each other without human intervention. If implemented properly, connections are secure and fast – and invisible to the customer. This happens by one system “calling” the other system using the API as the interface. Calling an API is a way to exchange data between the two systems.
APIs allow banks and logistics companies to add brand new products to their existing legacy platforms and to integrate new products into their online customer journeys.
These are organisations that already have large numbers of customers – in fact, all exporters and importers are customers of banks and logistics companies. But bringing a new product to market, especially a financial product, would take many months and many millions of dollars. Upgrading a legacy environment to manage customers, payments, accounting, processing, operational risks, and data is a hugely expensive and transformational task.
But APIs mean that all these new processes can be handled externally. New products can simply be integrated directly into the digital customer journey – into the user interface but by-passing core banking systems and core logistics systems. These do not need to be touched.
This means that new products can be brought to customers quickly. The interface between the customer and the new product is managed in the online interface – and the expensive backend systems are untouched.
And for the new breed of trade finance providers, this is also very important. It means that new products can be delivered rapidly into existing client bases and through existing and trusted relationships. The expensive task of recruiting new customers individually is avoided and a path to hyper-scale emerges.
Everyone wins from this process. Customers get access to new products but via a relationship and interface that they already know. The customer-owner, whether a bank or logistics company, gets new products and services to offer the customers and can innovate themselves – for example, building brand new products that integrate freight and finance into one single service. And the trade finance specialist that provides the new service gets to deliver its product directly and rapidly into the market without the cost and time involved in building a new client base itself.
There are many examples of APIs that we don’t see. One good example is how APIs have allowed taxi companies to integrate live traffic data into their apps. Google has good information on traffic conditions because they have so many users. Taxi companies have fewer users and so much less data. But taxi companies need to know about traffic conditions in detail so that they can forecast how long a driver might take to arrive or how long a journey might take so that it can be priced correctly. Here is where the API comes in. The taxi app on your mobile connects through a central server to google maps with your location, as does the driver. Google maps sends back data on the traffic conditions, and the taxi app can tell you the answers. Everyone wins: you get the best picture possible on your journey, the taxi company can price its services properly, and google gets to resell traffic data without having to interact directly with a new customer.
Trade finance can be the same. New specialists have the skills and technology platforms built to manage the “three-cornered” trade finance model, where one company manages both importer and exporter at the same time. This is cheaper, quicker and simpler than the legacy “four-cornered” model. Using APIs, this capability can then be added into the digital customer journeys of banks and logistics companies directly and invisibly. Everyone wins.
And where are we going with all this? Well, a good example is how technology has revolutionised the process of buying a car. Many years ago, probably long enough that we can’t remember, you bought a car from a garage and walked up the road to the bank to get the money. But today that’s not what happens. Today, the garage selling you the car also packages in the finance – in fact, you cannot see the join between the two products: car sales and car finance. And APIs can deliver the same result into the trade finance industry. The physical process of moving the goods can be integrated completely in the financial process of moving the money.
A revolution is coming.

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WA scraps $136m Huawei rail deal over US trade restrictions – Strategy – Telco/ISP- Tempemail – Blog – 10 minute

WA’s Public Transport Authority has been forced to abandon its $136 million digital radio system deal with Huawei and UGL due to ever-tightening US trade restrictions.
The state’s transport minister Rita Saffioti revealed the government’s decision not to proceed with the contract on Friday, following mutual agreement by the PTA and Huawei Australia.
The Chinese telecoms giant scored the deal to deliver a new digital radio system across Perth’s rail network as part of a joint venture with UGL in July 2018.
The system, which was to be delivered by next year, would have provided both voice and data services across Perth’s 180km electrified rail network and the Forrestfield Airport Link.
While the consortium had provided earlier assurances that the project could continue despite the US trade restrictions, new controls imposed in August 2019 sealed the project’s fate.
The government said the trade restrictions imposed on Huawei had created a “force majeure event under the contract, which the parties have been unable to overcome”.
“The PTA and the HUGL [Huawei and UGL] Consortium have worked hard together to try to overcome this force majeure event,” it said.
“However, the state government has decided that if the current relationship with the HUGL Consortium is maintained the measures required to try to overcome the force majeure event would result in unacceptable uncertainty around the total cost of the project, final completion time and no guarantee that the proposed solution would be effective. 
“This decision will also ensure the State complies with US trade restrictions.
“The PTA and Huawei Australia have therefore mutually agreed to not continue the current arrangement.”
The project will now be “delivered through a new arrangement”, with PTA currently working with the consortium to “allow delivery of the project without breaching US trade restrictions”.
“This could include a range of outcomes, from withdrawal of Huawei Australia from the contract to termination,” the government said.
The changes are expected to delay the completion of the project by several years. The analogue radio spectrum that the rail network currently uses has already been extended to beyond 2021.
“It is extremely unfortunate that the State Government’s project – which is limited to a radio network for train drivers and transit guards – has been caught up in the ongoing trade dispute between the US and China,” Saffioti said. 
“Given the trade dispute, and the current economic and health crisis facing the world, the PTA has recommended a fresh approach for the radio replacement project.
“We’ll continue to work towards the delivery of a high quality radio system at the best possible price for taxpayers.”

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Former Uber engineer pleads guilty to stealing trade secrets from Google – Blog – 10 minute

The big picture: A month after filing for bankruptcy due to being ordered to pay Google $179 million in a legal battle over his departure from subsidiary Waymo, Levandowski has chosen to plead guilty to one of several charges of stealing sensitive information from the company before leaving. The agreement may help him get a softer penalty, but he still owes up to $250,000 and will definitely serve at least two years of prison time.
Back in August 2019, the US Attorney for the Northern District of California charged one of Silicon Valley’s high profile self-driving car engineers with 33 counts of theft and attempted theft of trade secrets that happened before he joined Uber as part of the acquisition of Otto, his autonomous truck company.
According to a new report from Reuters, Anthony Levandowski has agreed to plead guilty to stealing trade secrets from Google-owned Waymo where he was lead engineer until he left to go on his own venture. The 40-year-old engineer has been embroiled in the legal battle for three years, and would have normally faced up to 10 years of prison for each of the 33 charges.

The agreement will see Levandowski being absolved of all other charges in exchange for admitting that he took 14,000 files from Google including a sensitive document that outlined Waymo’s plans, metrics, and technological solutions for its autonomous car project. The engineer declared bankruptcy earlier this month after a court ordered him to pay $179 million to end a legal dispute over his departure from the Alphabet subsidiary.
He’s still facing a potential 24 to 30 months in prison for the remaining charge and a fine of up to $250,000, not to mention $750,000 to cover Waymo’s costs in assisting the investigation. His attorney, Miles Ehrlich, explained that “Mr. Levandowski is a young man with enormous talents and much to contribute to the fast-moving world of AI and AV and we hope that this plea will allow him to move on with his life and focus his energies where they matter most.”
A Waymo spokesperson said that “Mr. Levandowski’s guilty plea in a criminal hearing today brings to an end a seminal case for our company and the self-driving industry, and underscores the value of Waymo’s intellectual property.”
As for Uber, the company agreed to pay a financial settlement of over $245 million in Uber equity to Waymo, effectively giving the latter a 0.34 percent stake. Furthermore, Uber will have to either license Waymo’s tech or develop its own, but the company is doing well overall, with a continued expansion in the Middle East and supposedly plenty of cash on hand to ride out the coronavirus crisis.

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