This interesting turn of events is likely to set a legal precedent especially in critical areas of core IT infrastructure such as 5G. In a significant development, the U.S. Justice Department has asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against Qualcomm Inc citing support from the Department of…
Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…
The Swedish furniture company Ikea is on a cost cutting spree and would be shutting down its only factory in the United States in December this year. The factory is situated in Danville, Virginia and all production work in the factory would be shifted to Europe. The company says that the logic behind the decision…
Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…
Vodafone is following a dual vendor strategy for its 5G networks; given its security concerns consumer data could probably be at stake especially if it is routed through Chinese servers. On Tuesday, Vodafone stated it was launching 5G services in Germany. The development sees Vodafone offering cheaper deals than industry leader Deutsche Telekom; its services…
Media reports in the United States claim that a record fine of $5 billion on Facebook was approved by the regulators of the country in pursuit of settlement of an investigation that was being conducted against the social media platform over alleged violation of data privacy. The case relate to the data of up to…
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
