HSBC Holdings Plc is now on a mission of targeting to bring in its fold the richest people residing in the fastest growing region of the world in terms of generation of wealth. According to Tan Siew Meng, Asia Pacific head of global private banking of the London-based bank, a team top cater to and…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
Customers have until March 18 to snag Tesla’s electric cars at their old price points. U.S. electric carmaker Tesla Inc has stated, the prices of its high-end models will increase by around 3% on average. Tesla plans on keeping more retail stores open than it had earlier planned. Tesla has clarified that the worldwide price…
The information was disclosed by Pierre-Dimitri Gore-Coty, Uber’s vice president and regional general manager of Europe, Middle East, and Africa to German newspaper Funke Mediengruppe. Uber’s European chief Pierre-Dimitri Gore-Coty, Uber’s vice president and regional general manager of Europe, Middle East, and Africa, told German news daily Funke Mediengruppe that Uber Technologies Inc plans on…
Western democracies are aiming to take action against groups and states aiming to influence elections through voter manipulation and disinformation campaigns. On Thursday, British foreign minister Jeremy Hunt unveiled a “doctrine of deterrence”, which includes diplomatic and economic counter-measures, to prevent cyberattacks that threaten to turn elections into “tainted exercises”. The move, part of a…
Whitefly is a state-sponsored espionage group that has been very active in Singapore and has actively targeted its engineering, healthcare, telecoms and media sectors. According to a statement from Symantec Corp, the worst ever cyberattack suffered by Singapore, which saw the personal information of more than 1.5 million people stolen including that of the Prime…
The similarities between the November 2018 Kaspersky Lab’s case, which was dismissed, with Huawei’s lawsuit increases the likelihood that it will meet the same fate. On Thursday, controversial Chinese telecoms equipment maker Huawei Technologies Co Ltd confirmed that it is suing the U.S. government over a section of a defense bill which became law in…
The SCG won the bid to build Tesla’s Shanghai Gigafactory which took place in December 2018. On Thursday, China’s state-owned Shanghai Construction Group (SCG) is slated to build the first phase of Tesla’s Gigafactory in Shanghai, reported the Shanghai Observer. SCG’s vice-president, Xu Jiandong was quoted by the Shanghai Observer as saying it would fully…
Calls for an unified common standards with verifiable facts needs to be created and imposed in case of cyber security was made by Chinese tech giant Huawei. “Trust needs to be based on facts, facts must be verifiable and verification must be based on common standards. We believe that this is an effective model to…
There has been a contraction in the manufacturing activity in China for the third consecutive month in February 2019 according to data released by China’s National Bureau of Statistics. The Purchasing Managers’ Index (PMI) dropped to a level below the expectations of analysts. This level also marks the lowest level of the official manufacturing PMI…
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