A cyber attack that compromised a third-party software vendor’s systems rattled the United States government this week which resulted in data breaches at a number of federal agencies, including the Department of Commerce, the Department of Energy and the Department of Homeland Security’s cyber unit. But many of the biggest companies in the country have…
The Covid-19 vaccine developed by the pharma company Moderna has been granted approval by the United States government which makes it the second vaccine against the pandemic ot be given the green signal in the country. That now clears the way for the company to release millions of doses of the vaccine. It was a…
A number of violations by Taiwanese firm and Apple supplier Wistron and its vendors were found in a preliminary investigation by an Indian labour office into the violence last weekend at the factory of the company in the Southern Indian city of Bengaluru, India, said reports quoting sources. Workers at the factory, angry at…
The video conferencing app that shot to global prominence, market valuation and the number of users during the novel coronavirus pandemic, has decided to present its users a holiday gift. The company said that the 40 minute limit for free subscribers using the video conferencing facility would be lifted for this holiday season which will…
A rate hike and a surge in volume helped the United States based delivery firm FedEx Corp to reduce the cost of delivering e-commerce purchases to residential addresses which had increased significantly during the novel coronavirus pandemic, which resulted in the company reporting its profits almost doubling in the latest completed quarter. The share prices…
In a significant development, Politico has reported citing officials directly familiar with the matter at hand as saying hackers had gained access to computers in the U.S. Energy Department and National Nuclear Security Administration. The National Nuclear Security Administration manages the country’s nuclear weapons stockpile. In a statement it said it had evidence that hackers…
Going by the posting on a government contracting site, the U.S. Defense Department will soon commence soliciting proposals for a program to provide incentives to boost the production of chip in the country. Currently large American chip companies, including Nvidia Corp, Apple Inc, and Qualcomm Inc outsource the fabrication of semiconductors to companies such as…
In a significant development, Microsoft said it has detected a malicious version of software from SolarWinds and is investigating the cyber security incident. It is too early to say whether hackers used Microsoft systems to exploit and attack customers.
Even though the novel coronavirus pandemic has hammered the global luxury market, the luxury market in China has been “unstoppable” so far this year. Despite the pandemic, there would be a 48 per cent growth in the Chinese luxury market this year to about 346 billion yuan ($52.9 billion), according to a report released Wednesday…
Despite a surge in e-commerce sales during the novel coronavirus pandemic, Adidas will continue to make investments in brick-and-mortar stores, said the CEO of the German sportswear company, Kasper Rorsted, in a televiosn interview. “There’s no doubt that online has accelerated two to three years into the future … but I actually think if you…
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