On Friday, trading resumed at New Zealand’s stock exchange following offshore Distributed Denial Of Service (DDoS) offshore cyber attacks for four consecutive days. In a statement, the government said, national security systems had been activated to support the bourse. While the origin of the “offshore” DDoS attack is being investigated, the failure to stop the…
The retail giant Walmart will joint hands with Microsoft in a bid to purchase the United States operations of TikTok. This was confirmed by the retailer to the media, saying that it is interested in purchasing the tech company. The news sent shares of Walmart up more than 3%. According to reports quoting sources, an…
Jeff Bezos, the founder and owner of the largest e-commerce company of the world Amazon.com, has been the richest man in the world for quite some time. Bow he has set another new record with his personal net worth skyrocketing once again. According to the Bloomberg Billionaires index, the personal net worth of the CEO…
Raising of at least 2 billion pounds ($2.6 billion) from the sale of its assets will be made by British aero-engine maker Rolls-Royce in order for it to prop up its balance sheet that has been severely hit by the novel coronavirus pandemic and the related slump in the travel industry, the company said. In…
According to two sources with direct knowledge of the matter at hand, Chinese electric vehicle (EV) maker Xpeng XPEV has increased the size of its U.S initial public offering (IPO) to around $1.49 billion. “The company will price its shares at $15 each, after initially indicating they would be sold for $11 to $13 when…
In a significant development, the U.S. government has issued a warning saying, North Korean hackers are increasingly targeting banks around the globe for fraudulent money transfers; they are also targeting ATMs to illegally withdraw cash. The technical cyber security alert was jointly given by four different federal agencies, including the Treasury Department and FBI. They…
A wage support scheme started by the United States government aimed for supporting the country’s airlines during the novel coronavirus pandemic is set to come to an end in October and once that happens, about 19,000 jobs will be cut by American Airlines, the airlines said. These job cuts which will be over and above…
There has been a sharp rise in removed videos form the video sharing platform YouTube, including some that had not violated its policies, because of the increasing reliance of the firm on technology to moderate content, YouTube said on Tuesday. More than 11.4 million videos were removed from the platform for violating its policies between…
Engineers have come up with a machine that can bombard shopping carts with ultraviolet rays and sanitize them. As a result, wiping down supermarket trolleys with disinfectant to stem the spread of the Wuhan Coronavirus disease may soon be a thing of the past in Belgium. The device is being tried out in three stores…
On Wednesday, in a statement, the University of Cambridge said, it aims to start clinical trials of its COVID-19 candidate in autumn. The development comes in the wake following funding to the tune of 1.9 million pounds from the British government. The approach adopted by the scientists behind the vaccine uses genetic sequences of all…
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