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HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He angrily hopped on his electric tricycle and traveled several kilometers to another branch, where he finally managed to withdraw some money after wasting the entire morning.

“It shouldn’t be so difficult to get the money you earn by working,” the 23-year-old told The Associated Press in a recent interview.

Fonseca is one of an increasing number of frustrated Cubans who must grapple with yet another hurdle while navigating the island’s already complicated monetary system — a shortage of cash.

Long queues outside banks and ATMs in the capital, Havana, and beyond start forming early in the day as people seek cash for routine transactions such as buying food and other essentials.

Experts say there are several reasons behind the shortage, all somehow related to Cuba’s deep economic crisis, one of the worst in decades.

Omar Everleny Perez, a Cuban economist and university professor, says the main culprits are the government’s growing fiscal deficit, the nonexistence of banknotes with a denomination greater than 1,000 pesos (about $3), stubbornly high inflation and the nonreturn of cash to banks.

“There is money, yes, but not in the banks,” said Perez, adding that most of the cash is being held not by salaried workers but by entrepreneurs and owners of small- and medium-size business who are more likely to collect cash from commercial transactions but are reluctant to return the money to the banks.

This, Perez says, is either because they don’t trust the local banks or simply because they need the pesos to convert into foreign currency.

Most entrepreneurs and small business owners in Cuba must import almost everything they sell or pay in foreign currency for the supplies needed to run their businesses. Consequently, many end up hoarding Cuban pesos to later change into foreign currency on the informal market.

Converting those Cuban pesos to other currencies poses yet another challenge, as there are several, highly fluctuating exchange rates on the island.

For example, the official rate used by government industries and agencies is 24 pesos to the U.S. dollar, while for individuals, the rate is 120 pesos to the dollar. However, the dollar can fetch up to 350 Cuban pesos on the informal market.

Perez notes that in 2018, 50% of the cash in circulation was in the hands of the Cuban population and the other half in Cuban banks. But in 2022, the latest year for which information is available, 70% of cash was in the wallets of individuals.

Cuban monetary authorities did not immediately respond to AP’s emailed request for comment.

The shortage of cash comes as Cubans grapple with a complex monetary system in which several currencies circulate, including a virtual currency, MLC, created in 2019.

Then, in 2023 the government announced several measures aimed at promoting a “cashless society,” making the use of credit cards mandatory to pay for some transactions — including purchases of food, fuel and other basic goods — but many businesses simply refuse to accept them.

Making things worse is stubbornly high inflation, meaning more and more physical bills are needed to buy products.

According to official figures, inflation stood at 77% in 2021, then dropped to 31% in 2023. But for the average Cuban, the official figures barely reflect the reality of their lives, since market inflation can reach up to three digits on the informal market. For example, a carton of eggs, which sold for 300 Cuban pesos in 2019, these days sells for about 3,100 pesos.

All while the monthly salary for Cuban state workers ranges between 5,000 and 7,000 Cuban pesos (between $14 and $20).

“To live in an economy that, in addition to having several currencies, has several exchange rates and a three-digit inflation is quite complicated,” said Pavel Vidal, a Cuba expert and professor at Colombia’s Javeriana University of Cali.
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SYDNEY — The Asian Development Bank holds its annual meeting in Tbilisi, Georgia, next week, with discussions on climate change and the world’s aging population high on the agenda.

The four-day summit, starting Thursday, marks the first time that the ADB’s 68 members have gathered for a meeting in Georgia, which joined the multilateral development bank in 2007.

“Georgia sits at the crossroads of Europe and Asia,” said Shalini Mittal, a principal economist for Asia at the Economist Intelligence Unit.

“This meeting signifies ADB’s agenda of bridges to the future where technology and expertise from the West can be used to enhance structural reforms in Asia,” Mittal told VOA.

Alongside numerous panel discussions and a keynote speech from ADB President Masatsugu Asakawa, finance ministers from Association of Southeast Asian Nations member countries Japan, China and South Korea will also meet on the sidelines.

“Given the geopolitical uncertainty with the Ukraine-Russia war and tensions in Asia with China’s problematic relations with its neighbors, I think the meeting is taking place at a crucial time,” said Jason Chung, a senior adviser with the Project on Prosperity and Development at Washington’s Center for Strategic and International Studies.

“It provides an additional path to have meaningful discussions on global economic issues,” Chung told VOA.

Climate change stressed

The issue of climate change is set to headline proceedings at the conference, with the ADB now marketing itself as the climate bank for the Asia-Pacific region.

The bank pledged a record $9.8 billion of climate finance in 2023, supporting developing countries to cut greenhouse emissions and adapt to extreme conditions as global warming continues.

“Storm surges, sea level rise, heat waves, droughts, and floods — all our countries suffer from all of the imaginable impacts of climate change,” said Warren Evans, who, as senior special adviser on climate change in the ADB president’s office, acts as the institution’s climate envoy.

The bank says that the Asia-Pacific region was hit by over 200 disasters last year alone, with many of them weather related, a problem that shows no sign of letting up.

“Right now, there’s a heatwave in Bangladesh that is causing severe impacts. Schools are closed, they’re seeing a drop in agricultural productivity, hospitals are getting overloaded with people with heatstroke,” Evans told VOA.

“Mortality rates are going up and, of course, women and children are the most vulnerable to those impacts,” he said.

While much of the Asia-Pacific region is extremely vulnerable to climate change, it is also a huge driver of the phenomenon.

The region contributes more than half of global carbon dioxide emissions, with a heavy reliance on coal as a source of energy, according to the ADB.

To try to reach net zero targets, many Asia-Pacific nations require huge investment to convert to clean energy alternatives.

One way that the ADB is tackling this issue is through a program targeting coal-burning power plants, a major contributor to emissions.

“With private sector partners and sovereign funding, we’re refinancing coal-fired power plants in order to be able to close them down early,” Evans said. The ADB’s “energy transition mechanism” uses private and public capital to refinance investments in coal-fired power, allowing power purchase agreements to be shortened and plants to be closed as much as a decade earlier than planned. The financing is also used to fund clean energy projects to generate the power that would have come from the coal plant.

The project looks to replace these plants with clean energy alternatives, ensuring that power is generated more sustainably.

A coal-burning power plant in Indonesia’s West Java is set to become the first to be retired early under the initiative.

“The communities that are impacted will have support, allowing people to find new jobs or to get social welfare,” Evans said.

Aging population in Asia

During the Tbilisi summit, the ADB will also launch a major report on aging population, which also affects member countries’ economies.

According to the bank, 1 in 4 people in the Asia-Pacific region will be over 60 by 2050, close to 1.3 billion people.

“The speed of aging is very quick in Asia, because of the rapid progress in the social development that has taken place in the region,” said Aiko Kikkawa, a senior economist for the ADB’s Aging Well in Asia report.

Researchers have investigated the implications of this demographic transition, with Kikkawa finding that the Asia-Pacific region is currently “unprepared” for aging populations.

“Large numbers of older people do report a substantial disease burden, lack of access to decent jobs or essential services, such as health and long-term care, and even lack of access to pension coverage,” Kikkawa told VOA.

The ADB has pledged to help to improve the lives of older people across the Asia-Pacific region, by supporting the rollout of universal health coverage and providing infrastructure for ‘age-friendly cities’ that are more accessible for older people.

Poverty to be addressed

While much of the focus in Tbilisi will be on climate change and aging populations, the ADB’s core edict remains to eradicate extreme poverty in its many developing country members.

That task has become even more challenging in an environment of high inflation and growing government debt.

However, Chung, the former U.S. director of the ADB, told VOA he believes that this goal should be at the center of discussions in the Georgian capital.

“The ADB should focus on its core mission of alleviating poverty and creating paths for economic growth in the developing member countries.

“While climate risk is important, I think given the state of uncertainty, it is important to provide support to create economic conditions for growth,” he told VOA.
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As climate change wreaks havoc around the world, the need for sustainable solutions grows more urgent. In Nigeria, a private company recently introduced an Uber-style taxi system made of approximately 200 electric vehicles. The company says the fleet is a step toward a greener future. Gibson Emeka reports from Abuja, Nigeria. Amy Reifenrath narrates.
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WASHINGTON — U.S. President Joe Biden was in Syracuse, New York, Thursday to tout a deal to provide memory chip maker Micron Technology with $6.1 billion in federal grants to support the firm in building factories in the states of New York and Idaho.

“We’re bringing advanced chip manufacturing back to America after 40 years,” Biden said Thursday. He said the funding, paired with a $125 billion investment from Micron, represents the “single biggest private investment ever in history of these two states.”

The investment will support the construction of two plants in Clay, a suburb of Syracuse, New York, and one in Boise, Idaho. The grant will unleash “$50 billion in private investment by 2030 as the first step towards Micron’s investment of up to $125 billion across both states over the next two decades,” the White House said in a statement.

The deal was announced last week by Senate Majority Leader Chuck Schumer, a Democrat from New York, who personally lobbied Micron to invest in his state. It’s the latest in a series of awards given by the administration, intended to shore up domestic production of advanced semiconductors using funds from the CHIPS and Science Act of 2022. The aim is to boost domestic manufacturing and reduce reliance on chip supplies from China and Taiwan.

This investment will “supercharge Micron to build the most advanced memory chip factory in the world, Schumer said Thursday. “America’s future will be built in Syracuse, not in Shanghai.”

The administration recently awarded Samsung, Taiwan Semiconductor, Intel, GlobalFoundries, Microchip Technology, and BAE Systems, more than $29 billion in federal grants for chipmaking investments. It’s part of an effort to catch up in the global semiconductor manufacturing race currently dominated by China, Taiwan and South Korea.

The U.S. share of global semiconductor manufacturing capacity has decreased from 37% in 1990 to 12% today, largely because other governments have offered manufacturing incentives and invested in research to strengthen domestic chipmaking capabilities, according to the Semiconductor Industry Association.

To address such stiff foreign competition, the $280 billion bipartisan CHIPS and Science Act offers $52 billion in incentives for domestic semiconductor production and research, as well as an investment tax credit for semiconductor manufacturing.

Manufacturing revival

The announcements are part of the economic vision the president is offering to voters in his re-election bid – that he is working to create a manufacturing revival in the country, including in Republican-controlled districts such as where the Micron plant will be located.

“Micron’s total investment will be the largest private investment in New York and Idaho’s history, and will create over 70,000 jobs, including 20,000 direct construction and manufacturing jobs and tens of thousands of indirect jobs,” the White House said.

Ahead of the November presidential election, Biden’s strategy appears to be to announce investments in manufacturing facilities in Georgia, Idaho, North Carolina and Ohio, states where Democrats lack a strong foothold.

It is not clear whether the approach will succeed as voters will not immediately feel the effects. The initial phase of the Micron project, for example, would see the first plant opened in 2028 and the second in 2029.

Meanwhile, voters are concerned about high inflation, and dislike Biden’s economic job performance. A recent Reuters/Ipsos poll shows 34% of respondents approving of Biden’s approach on the economy, compared to 41% who favor the approach of former president Donald Trump, the presumptive Republican nominee.

Still, Biden’s trip to New York is an opportunity for him to celebrate another victory following a string of good news for the president. On Wednesday, he secured the endorsement of the North America’s Building Trades Unions and signed a $95.3 billion aid package for Ukraine, Israel and Taiwan after months of congressional gridlock.

Paris Huang contributed to this report.
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washington — The U.S. Federal Communications Commission voted 3-2 on Thursday to reinstate landmark net neutrality rules and reassume regulatory oversight of broadband internet rescinded under former President Donald Trump. 

The commission voted along party lines to finalize a proposal first advanced in October to reinstate open internet rules adopted in 2015 and re-establish the commission’s broadband authority. 

FCC Chairwoman Jessica Rosenworcel said the agency “believes every consumer deserves internet access that is fast, open, and fair.” 

“The last FCC threw this authority away and decided broadband needed no supervision,” she said. 

Net neutrality refers to the principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites. 

The FCC said it was also using its authority to order the U.S. units of China Telecom, China Unicom and China Mobile to discontinue broadband internet access services in the United States.  

Rosenworcel noted the FCC has taken similar actions against Chinese telecom companies in the past using existing authority. 

Reinstating the net neutrality rules has been a priority for President Joe Biden, who signed a July 2021 executive order encouraging the FCC to reinstate net neutrality rules adopted under Democratic President Barack Obama. 

Democrats were stymied for nearly three years because they did not take majority control of the five-member FCC until October. 

Under Trump, the FCC had argued the net neutrality rules were unnecessary, blocked innovation and resulted in a decline in network investment by internet service providers, a contention disputed by Democrats. 

The U.S. Chamber of Commerce criticized the FCC action saying it was “imposing a flawed, pre-television era regulatory structure on broadband” and “will only deter the investments and innovation necessary to connect all Americans.” 

Public interest group Free Press said the vote is a “major victory for the public interest” saying it “empowers the FCC to hold companies like AT&T, Comcast, Spectrum and Verizon accountable for a wide range of harms to internet users across the United States.” 

A group of Republican lawmakers, including House Energy and Commerce Committee Chair Cathy McMorris Rodgers and Senator Ted Cruz, called the plan “an illegal power grab that would expose the broadband industry to an oppressive regulatory regime” giving the agency and states power to impose rate regulation, unbundle obligations and tax broadband internet providers. 

Democrats on the FCC say they will not set rate regulations. 

The Computer & Communications Industry Association, whose members include Amazon.com, Apple, Alphabet and Meta Platforms, back net neutrality, arguing the rules “must be reinstated to preserve open access to the internet.” 

USTelecom, whose members include AT&T, Verizon and others, called reinstating net neutrality “entirely counterproductive, unnecessary, and an anti-consumer regulatory distraction.” 

Despite the 2017 decision to withdraw the requirement at the federal level, a dozen states now have net neutrality laws or regulations in place. Industry groups abandoned legal challenges to those state requirements in May 2022. 
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«Враховуючи послаблення фактичного й очікуваного цінового тиску, а також зниження ризиків для надходження міжнародної фінансової підтримки, Національний банк продовжує цикл пом’якшення процентної політики»
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WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.

Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023.

A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point. Growth was also held back by businesses reducing their inventories. Both those categories tend to fluctuate sharply from quarter to quarter.

By contrast, the core components of the economy still appear sturdy. Along with households, businesses helped drive the economy last quarter with a strong pace of investment.

The import and inventory numbers can be volatile, so “there is still a lot of positive underlying momentum,” said Paul Ashworth, chief North America economist at Capital Economics.

The economy, though, is still creating price pressures, a continuing source of concern for the Federal Reserve. A measure of inflation in Friday’s report accelerated to a 3.4% annual rate from January through March, up from 1.8% in the last three months of 2023 and the biggest increase in a year. Excluding volatile food and energy prices, so-called core inflation rose at a 3.7% rate, up from 2% in fourth-quarter 2023.

From January through March, consumer spending rose at a 2.5% annual rate, a solid pace though down from a rate of more than 3% in each of the previous two quarters. Americans’ spending on services — everything from movie tickets and restaurant meals to airline fares and doctors’ visits — rose 4%, the fastest such pace since mid-2021.

But they cut back spending on goods such as appliances and furniture. Spending on that category fell 0.1%, the first such drop since the summer of 2022.

The state of the U.S. economy has seized Americans’ attention as the election season has intensified. Although inflation has slowed sharply from a peak of 9.1% in 2022, prices remain well above their pre-pandemic levels.

Republican critics of President Joe Biden have sought to pin responsibility for high prices on Biden and use it as a cudgel to derail his re-election bid. And polls show that despite the healthy job market, a near-record-high stock market and the sharp pullback in inflation, many Americans blame Biden for high prices.

Last quarter’s GDP snapped a streak of six straight quarters of at least 2% annual growth. The 1.6% rate of expansion was also the slowest since the economy actually shrank in the first and second quarters of 2022.

The economy’s gradual slowdown reflects, in large part, the much higher borrowing rates for home and auto loans, credit cards and many business loans that have resulted from the 11 interest rate hikes the Fed imposed in its drive to tame inflation.

Even so, the United States has continued to outpace the rest of the world’s advanced economies. The International Monetary Fund has projected that the world’s largest economy will grow 2.7% for all of 2024, up from 2.5% last year and more than double the growth the IMF expects this year for Germany, France, Italy, Japan, the United Kingdom and Canada.

Businesses have been pouring money into factories, warehouses and other buildings, encouraged by federal incentives to manufacture computer chips and green technology in the United States. On the other hand, their spending on equipment has been weak. And as imports outpace exports, international trade is also thought to have been a drag on the economy’s first-quarter growth.

Kristalina Georgieva, the IMF’s managing director, cautioned last week that the “flipside″ of strong U.S. economic growth was that it was “taking longer than expected” for inflation to reach the Fed’s 2% target, although price pressures have sharply slowed from their mid-2022 peak.

Inflation flared up in the spring of 2021 as the economy rebounded with unexpected speed from the COVID-19 recession, causing severe supply shortages. Russia’s invasion of Ukraine in February 2022 made things significantly worse by inflating prices for the energy and grains the world depends on.

The Fed responded by aggressively raising its benchmark rate between March 2022 and July 2023. Despite widespread predictions of a recession, the economy has proved unexpectedly durable. Hiring so far this year is even stronger than it was in 2023. And unemployment has remained below 4% for 26 straight months, the longest such streak since the 1960s.

Inflation, the main source of Americans’ discontent about the economy, has slowed from 9.1% in June 2022 to 3.5%. But progress has stalled lately.

Though the Fed’s policymakers signaled last month that they expect to cut rates three times this year, they have lately signaled that they’re in no hurry to reduce rates in the face of continued inflationary pressure. Now, a majority of Wall Street traders don’t expect them to start until the Fed’s September meeting, according to the CME FedWatch tool.
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Раніше про зустріч із Гантом повідомив президент Володимир Зеленський
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Paytm, a popular payment app in India, faces government restrictions on business because of its Chinese connections, local media say. India is ramping up scrutiny and restrictions on other Chinese tech companies, too, amid concerns about security and geopolitics. Henry Wilkins has the story from Mumbai.
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У грудні 2022 року Airbus заявила, що збирається протягом кількох місяців відмовитися від російського титану, проте досі цього не зробила
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Це другий транш у програмі. Шмигаль зазначив, що кошти спрямують на покриття найважливіших бюджетних видатків
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TOKYO — Japan’s first moon lander has survived a third freezing lunar night, Japan’s space agency said Wednesday after receiving an image from the device three months after it landed on the moon.

The Japan Aerospace Exploration Agency said the lunar probe responded to a signal from the earth Tuesday night, confirming it has survived another weekslong lunar night.

Temperatures can fall to minus 170 degrees Celsius during a lunar night and rise to around 100 Celsius during a lunar day. 

The probe, Smart Lander for Investing Moon, or SLIM, reached the lunar surface on Jan. 20, making Japan the fifth country to successfully place a probe on the moon. 

SLIM landed the wrong way up with its solar panels initially unable to see the sun, and had to be turned off within hours, but powered on when the sun rose eight days later.

SLIM, which was tasked with testing Japan’s pinpoint landing technology and collecting geological data and images, was not designed to survive lunar nights.

JAXA said on the social media platform X that SLIM’s key functions are still working despite repeated harsh cycles of temperature changes. The agency said it plans to closely monitor the lander’s deterioration. 

Scientists are hoping to find clues about the origin of the moon by comparing the mineral compositions of moon rocks and those of Earth.

The message from SLIM came days after NASA restored contact with Voyager 1, the farthest space probe from Earth, which had been sending garbled data back for months.

An U.S. lunar probe developed by a private space company announced termination of its operation a month after its February landing, while an Indian moon lander failed to establish communication after touchdown in 2023. 

 
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Artificial intelligence surrounds U.S. political life, from fundraising to campaign advertising. Some lawmakers are looking to better police the use of generative content in this year’s presidential election as they say it threatens voter confidence in what is real. VOA correspondent Scott Stearns reports.
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The Dutch company Holoconnects are experts in the field of holographic illusions and are now delivering life-size personal connections with a 2-meter-tall box that make it feel like the person you are talking to is physically present. Deana Mitchell has more from Austin, Texas in this week’s episode of LogOn.
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Taiwan is looking to Southeast Asia as a pipeline to fill its shortage of high-tech talent. The numbers of foreign students coming to the island has been growing, especially from Vietnam and Indonesia. VOA Mandarin’s Peh Hong Lim reports from Hsinchu, Taiwan. Adrianna Zhang contributed.
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У БЕБ розповіли, що у цій справі детективи аналізують понад 5 мільйонів банківських транзакцій
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На кінець 2023 року їхня вартість «на 1,7 мільярда швейцарських франків менше, ніж цифра, повідомлена за грудень 2022 року»
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LONDON — The European Union on Monday demanded TikTok provide more information about a new app that pays users to watch videos and warned that it could order the video sharing platform to suspend addictive features that pose a risk to kids. 

The 27-nation EU’s executive commission said it was opening formal proceedings to determine whether TikTok Lite breached the bloc’s new digital rules when the app was rolled out in France and Spain. 

Brussels was ratcheting up the pressure on TikTok after the company failed to respond to a request last week for information on whether the new app complies with the Digital Services Act, a sweeping law that took effect last year intending to clean up social media platforms. 

TikTok Lite is a slimmed-down version of the main TikTok app that lets users earn rewards. Points earned by watching videos, liking content and following content creators can then be exchanged for rewards including Amazon vouchers and gift cards on PayPal. 

The commission wants to see the risk assessment that TikTok should have carried out before deploying the app in the European Union. It’s worried TikTok launched the app without assessing how to mitigate “potential systemic risks” such as addictive design features that could pose harm to children. 

TikTok didn’t respond immediately to a request for comment. The company said last week it would respond to the commission’s request and noted that rewards are restricted to users 18 years and older, who have to verify their age. 

“With an endless stream of short and fast-paced videos, TikTok offers fun and a sense of connection beyond your immediate circle,” said European Commissioner Thierry Breton, one of the officials leading the bloc’s push to rein in big tech companies. “But it also comes with considerable risks, especially for our children: addiction, anxiety, depression, eating disorders, low attention spans.” 

The EU is giving TikTok 24 hours to turn over the risk assessment and until Wednesday to argue its case. Any order to suspend the TikTok Lite app’s reward features could come as early as Thursday. 

It’s the first time that the EU has issued a legally binding order for such information since the Digital Services Act took effect. Officials stepped up the pressure after TikTok failed to respond to last week’s request for the information. 

If TikTok still fails to respond, the commission warned the company also faces fines worth up to 1% of the company’s total annual income or worldwide turnover and “periodic penalties” of up to 5% of daily income or global turnover. 

TikTok was already facing intensified scrutiny from the EU. The commission already has an ongoing in-depth investigation into the main TikTok app’s DSA compliance, examining whether it’s doing enough to curb “systemic risks” stemming from its design, including “algorithmic systems” that might stimulate “behavioral addictions.” Offices are worried that measures including age verification tools to stop minors from finding “inappropriate content” might not be effective.
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Nairobi, Kenya — Government representatives from Africa, along with ICT (information and communication technology) officials, and international organizations have gathered in Nairobi for a Connected Africa Summit. They are discussing the future of technology, unlocking the continent’s growth beyond connectivity, and addressing the challenges and opportunities in the continent’s information and technology sector.

Speaking at the Connected Africa Summit opening in Nairobi Monday, Kenyan President William Ruto said bridging the technology gap is important for Africa’s economic growth and innovation.  

“Closing the digital divide is a priority in terms of enhancing connectivity, expanding the contribution of the ICT sector to Africa’s GDP and driving overall GDP growth across all sectors. Africa’s digital economy has immense potential…,” Ruto said. “Our youth population, the youngest globally, is motivated and prepared to drive the digital economy, foster innovation and entrench new technologies.”    

Experts say digital transformation in Africa can improve its industrialization, reduce poverty, create jobs, and improve its citizens’ lives.

According to the World Bank, 36 percent of Africa’s 1.3 billion population have access to the internet, and in some of the areas that have connections, the quality of the service is poor compared to other regions.

The international financial institution figures show that Africa saw a 115 percent increase in internet users between 2016 and 2021 and that 160 million gained broadband internet access between 2019 and 2022.  

Africa’s digital growth has been hampered by the lack of an accessible, secure, and reliable internet, which is critical in closing the digital gap and reducing inequalities.  

Lacina Kone is the head of Smart Africa, an organization that coordinates ICT activities within the continent. He says integrating technology into African societies’ daily activities is necessary and cannot be ignored.  

“Digital transformation is no longer a choice but a necessity, just like water utility, just like any other utility we use at home,” Kone said. “So, this connected Africa is an opportunity for all of us. I see a lot of country members, and ICT ministers are here to align our visions together.”

The COVID-19 pandemic has accelerated the consumption of technology in different sectors of the African economy, and experts say opportunities now exist in mobile services, the development of broadband infrastructure, and data storage.  

The U.S. ambassador to Kenya, Meg Whitman, called on the summit attendees to develop technologies that can solve people’s problems.  

“I encourage all of you to consider this approach for your economies. Look at what strengths already exist in your countries and ask how technology can solve challenges in those sectors to make you a leader through innovation,” Whitman said. “Sometimes innovation looks like Artificial Intelligence, satellites and e-money. Sometimes though it looks much different than we expect. However, innovation always includes three elements: solution focused, it’s specific and it’s sustainable. Bringing solution-focused, being solution-focused is the foundation of shaping the future of a connected Africa.”

The summit ends on Friday, but before that, those attending aim to explore ways to improve Africa’s technology usage, enhance continental connectivity, boost competitiveness, and ensure the continent keeps up with the ever-evolving tech sector.
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«Українці вже придбали через Дію понад 4 мільйони облігацій і заробили на цьому більш ніж 94 мільйони гривень»
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«У світлі поточних подій Knauf Group вирішила відмовитися від свого бізнесу в Росії», заявили в компанії
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vancouver, british columbia — A new, digestible mini-robotic camera, about the size of a multivitamin pill, was demonstrated at the annual TED Conference in Vancouver. The remote-controlled device can eliminate invasive medical procedures.

With current technology, exploration of the digestive tract involves going through the highly invasive procedure of an endoscopy, in which a camera at the end of a cord is inserted down the throat and into a medicated patient’s stomach.

But the robotic pill, developed by Endiatx in Hayward, California, is designed to be the first motorized replacement of the procedure. A patient fasts for a day, then swallows the PillBot with lots of water. The PillBot, acting like a miniature submarine, is piloted in the body by a wireless remote control. After the exam, it then flushes out of the human body naturally.

For Dr. Vivek Kumbhari, co-founder of the company and professor of medicine and chairman of gastroenterology and hepatology at the Mayo Clinic, it is the latest step toward his goal of democratizing previously complex medicine.

If procedure-based diagnostics can be moved from a hospital to a home, “then I think we have achieved that goal,” he said. The new setting would require fewer medical staff personnel and no anesthesia, producing “a safer, more comfortable approach.”

Kumbhari said this technology also makes medicine more efficient, allowing people to get care earlier in the course of an illness.

For co-founder Alex Luebke, the micro-robotic pill can be transformative for rural areas around the world where there is limited access to medical facilities.

“Especially in developing countries, there is no access” to complex medical procedures, he said. “So being able to have the technology, gather all that information and provide you the solution, even in remote areas – that’s the way to do it.”

Luebke said if internet access is not immediately available, information from the PillBot can be transmitted later.

The duo are also utilizing artificial intelligence to provide the initial diagnosis, with a medical doctor later developing a treatment plan.

Joel Bervell is known to his million social media followers as the “Medical Mythbuster” and is a fourth-year medical student at Washington State University. He said the strength of this type of technology is how it can be easily used in remote and rural communities.

Many patients “travel hundreds of miles, literally, for their appointment. Use of a pill that would not require a visit to a physician “would be life-changing for them.” 

The micro-robotic pill is undergoing trials and will soon be in front of the U.S. Food and Drug Administration for approval, which developers expect to have in 2025. It’s expected that the pill would then be widely available in 2026.

Kumbhari hopes the technology can be expanded to the bowels, vascular system, heart, liver, brain and other parts of the body. Eventually, he hopes, this will allow hospitals to be left for more urgent medical care and surgeries.
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HONG KONG — Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese authorities.

The apps were removed from the store Friday after Chinese officials cited unspecified national security concerns.

Their removal comes amid elevated tensions between the U.S. and China over trade, technology and national security.

The U.S. has threatened to ban TikTok over national security concerns. But while TikTok, owned by Chinese technology firm ByteDance, is used by millions in the U.S., apps like WhatsApp and Threads are not commonly used in China.

Instead, the messaging app WeChat, owned by Chinese company Tencent, reigns supreme.

Other Meta apps, including Facebook, Instagram and Messenger remained available for download, although use of such foreign apps is blocked in China due to its “Great Firewall” network of filters that restrict use of foreign websites such as Google and Facebook.

“The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns,” Apple said in a statement.

“We are obligated to follow the laws in the countries where we operate, even when we disagree,” Apple said.

A spokesperson for Meta referred to “Apple for comment.”

Apple, previously the world’s top smartphone maker, recently lost the top spot to Korean rival Samsung Electronics. The U.S. firm has run into headwinds in China, one of its top three markets, with sales slumping after Chinese government agencies and employees of state-owned companies were ordered not to bring Apple devices to work.

Apple has been diversifying its manufacturing bases outside China.

Its CEO Tim Cook has been visiting Southeast Asia this week, traveling to Hanoi and Jakarta before wrapping up his travels in Singapore. On Friday he met with Singapore’s deputy prime minister, Lawrence Wong, where they “discussed the partnership between Singapore and Apple, and Apple’s continued commitment to doing business in Singapore.”

Apple pledged to invest over $250 million to expand its campus in the city-state.

Earlier this week, Cook met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi, pledging to increase spending on Vietnamese suppliers.

He also met with Indonesian President Joko Widodo. Cook later told reporters that they talked about Widodo’s desire to promote manufacturing in Indonesia, and said that this was something that Apple would “look at.”
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