On Friday, a German IT company that serves many cooperative banks said, it was experiencing continued distributed denial-of-service (DDoS) attacks throughout the night. In a statement, “Fiducia & GAD IT AG said, the DDoS attacks started on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country”. While…
In a significant development, in a statement the Governor of Wyoming said, TerraPower LLC, a company owned by Bill Gates, and PacifiCorp have selected the state to build their first Natrium reactor project on the site of a retiring coal plant. TerraPower is an advanced nuclear reactor company founded by Gates around 15 years ago; PacifiCorp,…
In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
In a statement the U.S. Justice Department said, it had seized two Internet domains names which had been used in spear-phishing attacks that mimicked the email communications from the U.S. Agency for International Development. Armed with a court order, the Justice Department seized two command-and-control (C2) and malware distribution domains on May 28. The domain…
According to official data from China, even though the Chinese economy is staging a recovery from the pandemic hit, more people are being let go than are being hired by Chinese businesses. This was uncovered from a survey from the National Bureau of Statistics which comprised of opinions of businesses about the changes in their…
Following a report published in the Financial Times, which was filed on the basis of information gathered from an internal document of the food giant Nestle, claimed that a large portion of its food and drinks as unhealthy. In reference to this report, the company said on Monday that it was taking measures to update…
Two environment conscious citizens of Guyana have filed a lawsuit against the government demanding an end to offshore drilling by ExxonMobil and other large oil companies as such explorations and business activities threaten to worsen the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the…
The social media platform Instagram was accused of pro-Palestinian messages during the recent Gaza conflict and now the company is trying to changing the way it showcases content. The company said that the current system provides for giving precedence for original content in its “stories” feature compared to posts that contained existing or re-shared content.…
In a report, Japan’s Nikkei newspaper said, around 20 Japanese companies, including electronic component maker Ibiden Co, will collaborate with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan. Fifty percent of $337 million (37 billion yen), the cost of the research facility, will be borne by the Japanese government In February,…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
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