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, a strategic plan by the German government sees offshoots in new green financing norms aimed at steering capital towards environmental projects and developing Germany into a leading hub for sustainable finance. The Sustainable Finance Strategy which plans on listing 26 individual measures is scheduled to be adopted by the cabinet on…
In a report a South Korean newspaper said, SK Hynix Inc, the world’s second-largest memory chip maker, is close to signing a long-term deal to provide automotive memory chips to German auto supplier Robert Bosch GmbH. Both companies are negotiating for a 10 year or more auto memory chip supply chain, reported South Korea’s Maeil…
According to a statement from German Finance Minister Olaf Scholz, Germany will provide an annual tax relief of around 2.3 billion euros as part of part of a new measure to support purchases of digital assets, including computer software hardware. German state government and the federal government agreed on Tuesday, that digital assets could be…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
In a significant development, trade union Verdi has called on workers at seven German Amazon warehouses to go on a three-day strike which coincides with the discount shopping event “Black Friday” on November 27. The strike is scheduled to begin with Wednesday’s night shift, said Verdi, which is demanding better working conditions and pay. Since…
On Wednesday, in a statement Sharp Corp said, German automaker Daimler has signed a licensing agreement with it following a settlement in a patent infringement lawsuit concerning in-vehicle mobile communications technology. In a court ruling last month, Sharp won the patent dispute with a German court allowing Sharp to enforce a sales ban against Daimler…
In a statement German auto giant Volkswagen AG said, owners of its ID.4 compact electric sport utility vehicle will gain three years of unlimited charging in the United States. This will at no additional cost to the price of the vehicle. Customers who purchased or leased its ID.4 electric SUV, which was launched in August…
As per a report from German news magazine Der Spiegel, Russia’s GRU military intelligence may have gained access to many e-mails from German Chancellor Angela Merkel’s constituency office in a 2015 cyber attack on Germany’s parliament. A spokesman for the German government had no immediate comment. Federal criminal police along with Germany’s federal cyber agency…
According to two German Government sources, the German foreign ministry has imposed restrictions on the usage of Zoom video conferencing services to fixed-connection computers following security security concerns. According to a source, the decision is aimed at curbing the usage of Zoom on mobile devices; he went on to add, since the app does not…
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