Virtual cash, 4G service and alternative energy
Jack Dorsey, the founder of Twitter, is extending his plans for world domination by introducing a brand new credit card reader that will literally make physical cash a thing of the past. Square, the company behind the small credit card reader which plugs nto the jack of a iPhone and lets any user take a payment via an app, has already been market tested in California where it took off. Once the credit card is registered, receipts are sent via email, so there’s no pesky paperwork clogging up your purse or wallet either. Square will be launching in Japan next, so watch this space. Find out more.
Businesses in the UAE will soon be able to enjoy a faster and more efficient internet connection as local service providers are in the process of offering 4G (fourth generation) internet speeds. The faster connection will enable users in the UAE to make use of the latest devices at a lower cost. Meanwhile, file-transfer services will also mean small businesses can save money by using the better connections speeds to share heavier data products, like high resolution photos, for example. Business travelers will also find the frequencies more compatible with their devices. Read more here.
Here comes the sun
The German company SolarWorld will receive a life-saving injection of cash from Qatar. The alternative energy provider has joined forces with Qatar Solar Technologies and the Qatar Foundation and has now reached a preliminary restructuring deal worth an estimated $1.6 billion The news comes hot on the heels of Saudi Arabia’s foray into the field of alternative power. The Kingdom is set to plough $80 billion into utilities development over the next decade, a large area of which will concern solar energy development strategies. Learn more.