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Rust Core Team Announces the Formation of the Rust Foundation –



The Rust Core Team today announced the formation of the Rust Foundation and more than a million dollars in annual commitments to support the language and community.

Late last year, Mozilla and the Rust Core Team announced their intention to create a new foundation to steward the Rust programming language and growth of the ecosystem. Today, Ashley Williams–a member of the Rust Core Team and Interim Executive Director for the Rust Foundation–formally announced the foundation’s creation via the new Rust Foundation Team blog.

The Rust Foundation is a new independent non-profit organization whose purpose is to steward the Rust language and ecosystem, with a unique focus on supporting the set of maintainers that govern and develop the project.

AWS, Huawei, Google, Microsoft, and Mozilla will serve as the foundation’s founding member companies, and each–as well as five directors from project leadership, two representing the Core Team, as well as the three project areas: Reliability, Quality, and Collaboration–will hold a seat on the foundation’s board. The first meeting of the new board will be held on Tuesday, February 9th.

While the board will help ensure the language and ecosystem’s success, Rust’s community-driven self-governance model continues. Williams wrote in the announcement, “…Rust is so much more than a programming language and a community–Rust also represents a new, radical way to collaborate on open source projects.”

Rust counts more than 100 team members as leaders in the project’s design and maintenance, shepherding nearly 6000 contributors to the rust-lang/rust repo alone since the project’s first release. Through Rust’s RFC process, more than 1,000 people have made nearly 500 decisions that represent the most critical and strategic product and design decisions for the project.

While community guiding principles like the “no new rationale” ensure that language conversations happen entirely in the open, Rust’s popularity among developers is driven by its memory-safety guarantees, speed on par with C, and modern language efficiencies that enable developers to simply write performant code faster.

William Morgan–CEO of Buoyant, the company backing the popular service mesh Linkerd–recently explained their decision to write the performance-critical service mesh sidecar in Rust on The InfoQ Podcast. “I think that the most modern kind of asynchronous network programming engineering is all happening in Rust right now.” He went on to say that Rust allowed Buoyant to “compile these things down to basically about as fast as the computer can execute them.”

Morgan’s comments are echoed by systems developers across the software industry. In the 2020 Stack Overflow Developer Survey, Rust took the top spot as the most loved programming language (a feat the language has achieved for five years in a row). 86% of survey respondents using Rust today, say they want to continue using it in the future. While the actual number of developers responding to the survey actively writing in Rust remains low at around 5%, measures like the TIOBE Index show the language is 30th in popularity Worldwide as of February 2021 (previously reaching a high of 20 in September of 2020).

Concerns around the August 11th announcement by Mozilla, the original home of the Rust project, restructuring and laying off 250 people, including members of the Rust community, have likely led to concern about the future of the language and the recent drop in popularity.

Williams says with the creation of the board, the founding members represent “… a 2 year commitment to a more than million dollar yearly budget to develop services, programs, and events that will support the Rust project maintainers in building the best possible Rust, and we’ve only just begun.”

To learn more about Rust and the Rust Foundation visit

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Britain in talks with 6 firms about building gigafactories for EV batteries



Britain is in talks with six companies about building gigafactories to produce batteries for electric vehicles (EV), the Financial Times reported on Wednesday, citing people briefed on the discussions.

Car makers Ford Motor Co and Nissan Motor Co Ltd, conglomerates LG Corp and Samsung, and start-ups Britishvolt and InoBat Auto are in talks with the British government or local authorities about locations for potential factories and financial support, the report added .


(Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar)

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EBay to sell South Korean unit for about $3.6 billion to Shinsegae, Naver



EBay will sell its South Korean business to retailer Shinsegae Group and e-commerce firm Naver for about 4 trillion won ($3.6 billion), local newspapers reported on Wednesday.

EBay Korea is the country’s third-largest e-commerce firm with market share of about 12.8% in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction and G9.

Shinsegae, Naver and eBay Korea declined to comment.

Lotte Shopping had also been in the running, the Korea Economic Daily and other newspapers said, citing unnamed investment banking sources.

South Korea represents the world’s fourth largest e-commerce market. Driven by the coronavirus pandemic, e-commerce has soared to account for 35.8% of the retail market in 2020 compared with 28.6% in 2019, according to Euromonitor data.

Shinsegae and Naver formed a retail and e-commerce partnership in March by taking stakes worth 250 billion won in each other’s affiliates.

($1 = 1,117.7000 won)


(Reporting by Joyce Lee; Editing by Edwina Gibbs)

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Canada launches long-awaited auction of 5G spectrum



Canada is set to begin a hotly anticipated auction of the mobile telecommunications bandwidth necessary for 5G rollout, one that was delayed more than a year by the pandemic.

The 3,500 MHz is a spectrum companies need to provide 5G, which requires more bandwidth to expand internet capabilities.The auction, initially scheduled for June 2020, is expected to take several weeks with Canadian government selling off 1,504 licenses in 172 service areas.

Smaller operators are going into the auction complaining that recent regulatory rulings have further tilted the scales in the favour of the country’s three biggest telecoms companies – BCE, Telus and Rogers Communications Inc – which together control around 90% of the market as a share of revenue.

Canadian mobile and internet consumers, meanwhile, have complained for years that their bills are among the world’s steepest. Prime Minister Justin Trudeau’s Liberal government has threatened to take action if the providers did not cut bills by 25%.

The last auction of the 600 MHz spectrum raised C$3.5 billion ($2.87 billion) for the government.

The companies have defended themselves, saying the prices they charge are falling.

Some 23 bidders including regional players such as Cogeco and Quebec’s Videotron are participating in the process. Shaw Communications did not apply to participate due to a $16 billion takeover bid from Rogers. Lawmakers and analysts have warned that market concentration will intensify if that acquisition proceeds.

In May, after Canada‘s telecoms regulator issued a ruling largely in favour of the big three on pricing for smaller companies’ access to broadband networks, internet service provider TekSavvy Inc withdrew from the auction, citing the decision.

Some experts say the government has been trying to level the playing field with its decision to set aside a proportion of spectrum in certain areas for smaller companies.

Gregory Taylor, a spectrum expert and associate professor at the University of Calgary, said he was pleased the government was auctioning off smaller geographic areas of coverage.

In previous auctions where the license covered whole provinces, “small providers could not participate because they could not hope to cover the range that was required in the license,” Taylor said.

Smaller geographic areas mean they have a better chance of fulfilling the requirements for the license, such as providing service to 90% of the population within five years of the issuance date.

The auction has no scheduled end date, although the federal ministry in charge of the spectrum auction has said winners would be announced within five days of bidding completion.

($1 = 1.2181 Canadian dollars)


(Reporting by Moira Warburton in Vancouver; Editing by David Gregorio)

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