Plans to construct a new undersea network cable that will connect US, UK and Spain was announced recently by the search engine giant Google. A new technology will be incorporated in the cable that will be a significant upgrade compared to the existing older cable lines, claimed the tech giant. The company expects to complete…
The first Malaysian leader to be found guilty of graft on Tuesday was the country’s former Prime Minister Najib Razak. A court on Tuesday ruled that he was guilty of all seven charges of corruption brought against him in the first of several cases relating to the alleged heist of billions of dollars from state…
China’s global ambitions, projected through its tech champion Huawei Technologies, has started to dim. Huawei’s new company campus in southern China, houses replicas of many European cities underscoring their importance to Huawei’s founders. The same theme is reflected in the Beijing headquarters of TikTok wherein the walls are plastered with posters including a cover of…
In yet another development that marks a regulator launching proceedings against Alphabet’s Google Inc, Australia’s competition authority has begun court proceedings against the search engine giant alleging that it misleads consumers about the expanded use of personal data for targeted advertising purposes. In a federal court, the Australian Competition and Consumer Commission (ACCC) said, Google…
Majority stakes in the Chinese-owned social media phenomenon TikTok are being attempted to be taken up by United States based tech investors so that the app could ward off security concerns about it expressed the White House and avert any possible banning of the app as has been indicated by United States Secretary of State…
United States based chip making giant Intel disappointed investors with its announcement of delay for its next-generation chips with its shares falling as much as 18 per cent to be noted s the worst performing stock on Friday. Intel CEO Bob Swan said in a prepared statement Thursday night as part of quarterly earnings that…
According to a EU draft document, the bloc will limit the export of technology that may be used for repression or surveillance to Hong Kong following China imposing its draconian security law on the territory. In what will be the first step by the European Union, the EU expressed “grave concern” over the sweeping national…
A privacy watchdog from the European Union has warned, companies who are typically transfer data to the United States must revert to new arrangements with immediate effect. The development comes in the wake of the Privacy Shield transatlantic pact being declared invalid last week. The lack of a grace period in the court’s ruling means…
A $3.9 billion settlement with the Malaysian government has been reached by the United States based lender and investment bank Goldman Sachs to settle the case of the multibillion-dollar 1MDB scandal, both the entities said on Friday. Malaysia’s finance ministry said in a statement that a $2.5 billion cash payout by Goldman as well as…
The Chinese owned shot video app TikTok is in the process of creating a fund of $200 million which the company will use to retain its top users while also attracting new ones. Analysts said that this was the signal of a growing company. The new program aims to “help support ambitious creators who are…
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