Category Archives: Business News

US Treasury Identifies Eight Chinese Tech Firms as Part of The Chinese Military-Industrial Complex

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on December 16th. identified eight Chinese technology firms pursuant to Executive Order (E.O.) 13959, as amended by E.O. 14032. These eight entities actively support the biometric surveillance and tracking of ethnic and religious minorities in China, particularly the predominantly Muslim Uyghur minority in Xinjiang. Continue reading

Indian Start-Up Johnnette Technologies Raises Nearly $1M Pre-Series A Round

Lt-Cdr John Livingstone, CEO Johnnette Technologies with Rajiv Vermani, Director and CEO Digital and Automation Hardcastle Petrofer

Johnnette Technologies, a successful bootstrapped Indian UAV manufacturer, has raised close to a Million dollars from Hardcastle Petrofer as it looks to scale up its UAV manufacturing and Drone pilot training business. Continue reading