In a tweet, Tesla’s CEO Elon Musk said, production for the company’s longest-range Model S Plaid+ has been canceled. “Plaid+ is canceled. No need, as Plaid is just so good.” tweeted Musk. Tesla had unveiled the Model S Plaid+ in 2020. It would have been the company’s top high-end model with a mile range of…
In a statement US officials said, they are applying more pressure on foreign adversaries and on domestic companies to fight cybercriminals; the Biden Administration is considering all options, including a military ones, to counter the growing threat. The U.S. administration is looking at “all of the options,” to defend the United States against ransomware cyber…
In a statement blockchain technology company Blockstream Mining said, Square Inc is set to invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of its sites in the United States. In the announcement on its blog Blockstream said the “facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at…
Following a network-wide outage at Orange for several hours, France has tasked its cybersecurity watchdog to conduct an audit of the network. In a statement, Orange’s CEO Stephane Richard said, he was launching an internal inquiry into the disruption the results of which would be ready within seven days. In a letter to the head…
A number of Western brands have been accused in China of selling products that could cause harm to children. 81 items imported by companies including Nike, H&M and Zara were listed in a warning notice on the customs administration website of the country. With a growing international backlash over claims of abuses in the cotton-growing…
A third director nominated by hedge fund Engine No. 1 was elected to the governing board of the United States based energy giant Exxon Mobil Corp by the company’s shareholders which further added on to the two directors who were appointed by investors of one of the America’s top energy corporations to the company’s board…
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…
