A law suit has been filed by fifty women in a San Francisco court against Salesforce and bringing in allegations that tools were sold by the company to the sex trafficking website Backpage. The women who have filed the case have chosen to remain unidentified and want to be only identified and referred to as…
CFIUS concerns stems from the fact that the Chinese dating app collects personal information including a person’s location, messages, which could include potential data of the U.S. military or intelligence personnel. According to sources familiar with the matter at hand, a U.S. government national security panel has raised concerns over the ownership of Chinese gaming…
A Manhattan court is set to decide whether Elon Musk’s tweets were in violation of his October 2018 settlement with the SEC. Lawyers from the U.S. Securities and Exchange Commission along with those representing Tesla’s CEO Elon Musk are slated to square off in a Manhattan courtroom next week over whether Musk should be held…
The European Commission has directed all of the members states of the European Union that each of the countries would be required to exchange data on the perceived risks related ot 5G cybersecurity and detail out measure to tackle such risks by the end of the current year. The Commission however chose to disregard calls…
Facebook removed accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” On Tuesday, Facebook Inc disclosed, it has removed more accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” A total of 2,632 pages, groups and accounts were removed from Facebook and Instagram…
For Tesla and Musk scored a slam dunk win. For the second time, a federal judge in San Francisco has dismissed a securities fraud lawsuit brought on by Tesla Inc’s shareholders alleging that the company made misleading comments on the production status of its Model 3. U.S. District Judge Charles Breyer sided with Tesla, and…
The development coincides with Chinese President Xi Jinping visit to Europe. On Tuesday, following the news that European planemaker Airbus SE won a deal worth tens of billions of dollars, shares of the planemaker rose by 1.9% in early trading session. Airbus has secured a deal to sell 300 aircraft to China. According to French…
Military to military discussions on future 5G networks are going well, said Ellen Lord, the Department of Defense’s under secretary of defense for acquisition and sustainment. With the United States determined to secure and position itself for the next generation of 5G devices, it is conscientiously pushing away Chinese telecommunications equipment maker Huawei Technologies, which…
According to the 2-year long investigation, Nike blocked cross border sales of soccer merchandise between 2004 to 2017. On Monday, the European Commission imposed a fine of $14.14 million (12.5 million euros) on U.S. sportswear maker Nike for restricting cross-border sales of merchandising products of five European football clubs as well as to a football…
Inmarsat Plc top shareholder Lansdowne Partners and the company’s directors consider the terms of the deal to be “fair and reasonable” and expect shareholders to unanimously vote in favor of it. In a significant development, a private equity-led consortium has agreed to acquire Inmarsat Plc for nearly $3.4 billion in cash. In 2018, the British…
