While the U.S. House of Representatives Judiciary Committee has voted to approve a bill to give antitrust enforcers more funds but it has yet to vote on four bills aimed at reining-in Big Tech. U.S. Representative Jerrold Nadler, the Democratic chairman of the Judiciary Committee, termed the bills as a “historic package of bipartisan legislation”…
In a statement FBI Director Chris Wray has asked US companies and other victims of hacking to not pay ransom since it will only embolden and incentivize them for future attacks. “In general, we would discourage paying the ransom because it encourages more of these attacks, and frankly, there is no guarantee whatsoever that you…
Plans for transforming its consumer healthcare business into a separately listed company were revealed by GSK on Wednesday which would help the firm to further strengthen the process of drug development at the pharmaceuticals business unit of the company and have an 8 billion pound ($11 billion) windfall. It was in December 2018 that the…
Bricks made from recycled drinks bottles will be found in the shelves within just two years according to a target set by the toy giant Lego. The main challenge for Lego is to come up with a a sustainable product that can last years and even decades in place of plastic. Lego makes about 3,500…
On Wednesday, in a significant development, Russia’s chief of security at FSB Alexander Bortnikov said, Moscow will work together with the United States to locate cyber criminals. The FSB will follow agreements reached by Russian President Vladimir Putin with his U.S. counterpart Joe Biden. The development comes in the wake of the two heads of…
On Wednesday, in a statement, China-based autonomous driving startup WeRide, said will deepen its autonomous driving technology partnership with Nissan Motor and aims to raise $310 million in a new funding round which chasing a valuation of $3.3 billion. Guangzhou-headquartered WeRide, which is testing vehicles in California, did not disclose details on the size of the…
Hackers have breached the cyber defenses of a Swedish information technology firm; so far it is unclear whether the breach has resulted in the attackers gaining access to a database containing patient data, including COVID-19 test results. In a statement InfoSolutions said, it has “identified and solved what made the intrusion possible.” However, as yet,…
In a regulatory filing, Brazilian medical lab company Fleury SA said, a cyberattack had resulted in the partial outage of its information technology systems. The company is assessing the impact of the cyberattack and is taking actions to minimize its effects. It would inform the market in a timely manner regarding any relevant updates on the…
The vast advertising business of Google has been targeted by the European Union as it has initiated an antitrust investigation into the search engine over allegations that the rival services have been put at a disadvantage by Google by making it harder for the rival brands to reach consumers as well as for publishers to…
Even though there are big questions about how the future of retail business, the French luxury goods giant LVMH is sure that it will be done mostly in physical stores despite the rise of online channels. “We see the future being two things: being mostly retail stores, because the client experience in a retail store…
