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…

Google Proposes More Concessions For Fitbit Deal To Win EU Approval: Reuters

Concession in its $2.1 billion acquisition of Fitbit will be given by Alphabet’s Google with the aim of appeasing the antitrust regulators of the European Union and ally its concerns, claimed a report published by Reuters citing information from sources familiar with the . According to sources, with these concessions, the deal is well set…

Warning Of $2.9 Billion Hit On Earnings Over US Quality Issues Issued By Hyundai And Kia

The total hit to Hyundai Motor and affiliate Kia Motors because of the quality issue that has been going on for years now, which has also tarnished its image and credibility, has now touched almost $5 billion as the copany now has issued a warning of another $2.9 billion of provisions related to engine issues.…

Instagram Being Probed By EU Over Usage Of Personal Data Of Children

Ireland’s Data Protection Commissioner (DPC) is currently investigating Instagram over charges of mishandling of personal data of children on its platform. If Instagram is found to have broken privacy laws a large fine could be imposed on the social media app’s owner Facebook. This announcement of the investigation comes after reports were published about Instagram…