Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
PBOC Scraps Forex Risk Reserve as Yuan Rally Pressures Chinese Exporters 
Strait of Hormuz Oil and LNG Shipments Disrupted After U.S.-Israel Strikes on Iran 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
Lynas Rare Earths Shares Surge 7% After Malaysia Renews Processing Plant Licence for 10 Years 
Strait of Hormuz LNG Crisis Triggers Global Energy Market Shock 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
KT Telecom and Intel Corp. revealed on Thursday, March 2, that they have teamed up to launch the Wi-Fi 7 technology. With its introduction, the South Korean telecom firm will become the first network service operator in the world to offer next-generation Wi-Fi.
KT and Intel signed the partnership deal this week, and they will work together in the development and promotion of the next Wi-Fi standard which is the Wi-Fi 7 technology. The telecom company said the signing of the contract was held on the sidelines of the recent Mobile World Congress in Barcelona, Spain.
As per The Korea Herald, the Wi-Fi 7 technology will offer more data with each transmission and will also increase raise the speed to a great extent. Moreover, it has been described to be the more improved technology compared to the current Wi-Fi 6/6E.
Another special feature of the Wi-Fi 7 is that it presents a key technology called “multilink operation” which allows the blending and utilization of two or more frequency bands at the same time. With this feature, KT’s Wi-Fi 7 AP will be able to deliver up to 11.5 Gigabits per second with four antennas. This will also give a large capacity to support multiple high-speed devices, immersive AR and VR experiences, massive P2P sharing, and teleconferencing.
“With this collaboration with Intel, KT has a foundation to provide a perfect experience for Wi-Fi 7 that will be applied by sharing KT’s excellent Wi-Fi development and operation expertise,” KT Telecom’s senior vice president of device business unit, Kim Byung Gyun, said in a statement. “KT will continue to play a leading role in technology.”
Eric McLaughlin, Intel’s general manager of wireless solutions group and vice president of client computing, also commented on the partnership with KT. “Our close collaboration and co-engineering to help ensure interoperability and performance with KT’s APs and Intel PC Client devices aim to significantly improve the wireless connectivity experience for our customers,” he said.
