Consumers’ banking data is not being “actively” sought by it, says Facebook. According to a report published in the Wall Street Journal, a number of major banks have been requested by Facebook to provide data about account balances and credit card activity of consumers and Facebook users. The report stated that companies like JPMorgan Chase, Wells Fargo, Citigroup and U.S.…
With Uber Technologies facing a potential ban in Britain, Ola could gain the upper hand. On Tuesday, Ola, India’s ride-hailing firm stated it plans on expanding its area of operations to Britain this year following a launch of its services in Australia. In a statement, Ola said, it had obtained licenses to begin operations in…
The pain of the US induced trade war is being felt by a number of companies. Companies is China are the object of the greatest interest in this aspect. Late last week, China issued the threat of imposing new tariffs on 5200 US products in case the US decides to impose the 25 per cent…
Consumers walking into a Starbucks café or order online a coffee could soon be allowed to by paid by bitcoin. The company has recently announced striking of a tie up with Microsoft and Intercontinental Exchange, the owner of the New York Stock Exchange, to draw up a technology to allow its customers to use cryptocurrencies…
The attack comes despite robust security measures undertaken by Singapore, a highly wired and digitalized state which has made cyber security a core priority since more than a decade. On Monday, on a follow up on Singapore’s worst ever cyber attack which saw personal information of nearly 1.5 million people, including its Prime Minister being…
Schaeffler is acquiring the the drive-by-wire technology since it thinks it will play an key role in the coming self-driving range of vehicles. On Monday, Schaeffler Technologies AG, a German automotive supplier disclosed it was in the process of acquiring Space Drive, a drive-by-wire technology provider, from Paravan GmbH since it would play a key…
Valued at $56 billion, sources say Didi aims to spin-off its car services business before its potential blockbuster IPO. On Monday, China’s biggest ride-hailing service Didi Chuxing Technology stated it will invest $1 billion in its auto services business as part of a re-branding exercise ahead of its anticipated initial public offering (IPO). Didi also…
Despite the outbreak, which has caused shipment delays, TSMC has maintained its single digit growth forecast. Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker stated as a result of computer virus outbreak in its systems, its third-quarter results have been affected. TSMC, a major supplier for Apple Inc, stated the virus infected a…
With countries increasing scrutiny over equipments produced by those they consider as adversaries, companies in the tech industry are facing headwinds. According to sources familiar with the matter at hand, China’s Huawei Technologies is facing strong headwinds by way of heightened scrutiny in Britain over the usage of a legacy software component sold by a…
According to an announcement issued by the United States Justice Department, agreement for the payment of a fine of $2.09 billion has been reached with lender Wells Fargo allegedly because the firm was aware that some of the mortgage loans that it had issued had incorrect income information. According to the US government, this very…
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