United States president Donald Trump has put his weight behind the U.S. enterprise software giant Oracle for purchasing the US business of he popular video sharing app TikTok. When asked if Oracle would be a good buyer for TikTok, TRumnp said that the Americna company is “a great company”. There were reports at the end…
Adding on to the series of actions being taken by government around the world against Chinese tech giants, iQiyi and Tencent will be banned operating streaming video services in Taiwan. According to a government notice published online Tuesday, partnering with local Tiwanese broadcasters and distributors to provide their video content through streaming services, Tencent Video…
In a significant win for Finnish telecommunication equipment maker Nokia, a German court has ruled against Daimler over patent licensing fees with the judge saying the carmaker had not made a serious attempt to resolve the issue with Nokia. The litigation underscores a wider battle with tech companies and carmakers over royalty payments for technologies…
Starting November 30, its workplace chat software Teams of Microsoft will no longer be available on Internet Explorer (IE), the company has announced. This will also include the Office products which will no longer work on IE starting August 17, 2021. Analysts view this as a major decision by Microsoft as this adds yet another…
A federal court in the United States has been approached by the US banking giant Citigroup seeking an order to force the hedge fund Brigade Capital to return about $176m that had been “mistakenly” given by the lender. The money demanded is a part of a total of $900m that had been accidentally transferred to…
In a significant development, the Trump Administration announced that it will further tighten the screws on Huawei Technologies Co, and crack down on its access to commercially available semiconductors. The development underscores the U.S. Commerce Department’s intent to expand restrictions that were announced in May 2020 which were aimed at preventing the Chinese company from…
According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…
Cruise operator Carnival Corp disclosed, it has launched an investigation into a ransomware attack on one of its brand’s computer network systems. In a regulatory filing, Carnival, which operates AIDA, Carnival and Princess cruises among others, disclosed that through the attack hackers were able to gain access personal data of guests and employees. Carnival Corp…
On Monday, in a significant development, International Business Machines Corp (IBM) announced a new processor for data centers that can handle three times the workload of its predecessor. IBM’s Power10 chip will be manufactured by Samsung Electronics Co Ltd. The Power10 will benefit from Samsung’s 7-nanometer chip manufacturing process, which incidentally is similar to its…
While pharma companies and other institutions all around the world are in the race of developing the bets vaccine for the novel coronavirus, its effect is being felt on the Wall Street also. After getting listed on Friday, the stock of the German firm CureVac, a biotech firm that is backed by the Bill &…
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