Microsoft dismantles 90% of trickbot network, which had potential to disrupt 2020 U.S. Presidential elections

In a breaking development, U.S. tech giant Microsoft Corp stated, it had disabled by more than 90%, machines that were used by a gang of Russian-speaking cyber criminals to control a massive network of computers which had the potential to disrupt the 2020 U.S. Presidential election. The development was aided by a series of U.S. court…

U.S. offers to finance 5G equipment from Huawei’s competitors for Brazil

In a significant development, the U.S. government has stepped up efforts to keep China’s Huawei Technologies at bay from Brazil’s 5G market, with Washington offering Brasilia offers to finance the purchase of 5G telecom equipment from Huawei’s competitors. During a visit to Brasilia, officials of the U.S. International Development Finance Corporation (DFC), the National Security…

Sweden bans China’s Huawei and ZTE from 5G network

On Tuesday, in a significant development, Swedish regulators have banned China’s Huawei and ZTE from developing its 5G network ahead of the launch of its spectrum auction, scheduled for next month. The decision by the Swedish Post and Telecom Authority (PTS) follows assessments by the by the Swedish Armed Forces and security service. Following widespread concerns,…

Intel sells its NAND chip business to South Korea’s SK Hynix for $9 billion

In a significant development, Intel Corp has agreed to sell its NAND memory chip business to South Korea’s SK Hynix Inc for $9 billion. The all-cash deal will propel the South Korean chipmaker to the second spot in global rankings. The development marks Intel’s efforts to divest its non-core businesse and move away from the volatile commodity…

Foxconn aims to capture 10% of global EV market share between 2025-2027

On Friday, Foxconn’s Chairman Liu Young stated, the company aims to capture 10% of the global market share for electric vehicles between 2025-2027; to this end it has entered into talks with multiple carmakers for future cooperation. “We want to push Taiwan’s EV industry to the world,” said Liu Young. Foxconn, a major supplier to…

European Union should press ahead with digital services tax: Bruno Le Maire

In a significant move, French Finance Minister Bruno Le Maire said, the European Union should press ahead with plans for a digital tax in the bloc. The call comes at a time when the OECD is weighing options which include the rewriting of international tax rules. On Wednesday, G20 finance ministers have lent their support…

Google to provide $1.1 Million grans and loans to businesses in MENA regions to improve digital skills

In a statement, Alphabet Inc’s Google said, it plans on providing grants worth $1.1 million to help businesses in the Middle East and North Africa towards improvements of their digital skills as well as to get them connected to the internet. In a presentation, Google said, it will also provide $3 million in loans to…

U.S. gaming platform Roblox Corporation files for IPO

In a statement U.S. gaming platform Roblox Corporation said, it has confidentially filed for a IPO with the Securities and Exchange Commission. The development could potentially see the company doubling its recent valuation of $4 billion. Roblox did not respond to requests for comments on whether it has selected the traditional route for its IPO…