Computers belonging to the state government of Alaska, including the local ISP, the governor’s office, the Alaska Department of Natural Resources, etc were extensively scanned by hackers from China’s Tsinghua University, reads a report by cyber security firm Recorded Future. As per a cyber security research firm Recorded Future, hackers operating from an elite Chinese…
Starboard, which has nominated 5 members to Symantec’s board, intends to boost Symantec’s margins. On Thursday, as per a report from The Wall Street Journal, Starboard Value LP, an activist investor, has taken a 5.8% stake in Symantec Corp and is looking to take at least 5 seats in its Board of Directors. The WSJ…
China Evergrande Group has allocated $239.53 million for 6 hi-tech projects undertaken by the Chinese Academy of Sciences, which includes areas such as surgical robotics, graphene, artificial intelligence, unpiloted aircraft, and health engineering. On Thursday, China Evergrande Group, a property developer, stated it plans on investing $239.53 million into six high-tech projects by the Chinese…
South Korea’s transportation ministry has stressed that the ban is more in the nature of safety checks rather than punitive action. Following its own internal investigation into the root cause of the engine fires, it said it could take legal action. On Tuesday, South Korea’s transport ministry stated, it will ban nearly 20,000 BMW vehicles…
What many thought to be a joke is turning out to be anything but. While analysts are concerned about Tesla’s ability to pull off what is slated to be the largest buyout in in history, many backers, including mutual fund Fidelity believe in Musk’s ability and vision of the future. Following Tesla Inc’s CEO Elon…
While Musk’s last Tuesday’s tweets must have given a series of palpitations to those who were betting against Tesla’s stock, while many investors believed it to be a prank which is in line with the Tesla brand, SEC lawyers aren’t amused since these could potentially trigger non-compliance of disclosures. Elon Musk’s proposal to take Tesla…
Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…
This development essentially cements blockchain’s future in the coming years. Its adoption will slash costs, boost transparency and will revolutionize the finance industry from what we know it today. In what is likely to be a milestone for blockchain technology, Commonwealth Bank of Australia has won a mandate from the World Bank to organize a…
Already 94 companies and organizations have joined TradeLens – a platform that aims to manage and track the supply chain process of shipping goods, including freight forwarding and trade finance, from end to end. On Thursday, Maersk, a shipping group stated, ninety four companies and organizations have so far joined a blockchain platform it has…
Airbnb has been quick to withdraw the promotion for its users in China saying it respects and understood the Chinese government’s stance. Airbnb’s novel marketing scheme in China hit a regulatory wall following its promotions of offering sleepovers on the Great Wall of China. Last week, the U.S. short term rental service firm had asked…
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