Volkswagen Group & Porsche could enter Formula One racing: BBC

According to a report from the BBC, the Volkswagen Group along with Porsche, are weighing options to enter Formula One provided the next engine regulations, which are scheduled to be introduced in 2025, promote sustainable fuels. Porsche Motorsport’s vice-president Fritz Enzinger has been quoted as saying, it would be “of great interest if aspects of…

New Zealand bans usage of Huawei’s equipment for 5G network

The Government Communications Security Bureau has effectively banned Huawei Technologies Co Ltd’s 5G equipment from New Zealand citing significant risks to national security. On Wednesday, Spark New Zealand stated, the Government Communications Security Bureau has declined its proposal to use Huawei Technologies Co Ltd’s 5G equipment citing significant risks to national security. This decision effectively…

Taiwan’s financial regulator imposes a fine of $266,524 on Far Eastern International Bank

Far Eastern International Bank had deficiencies in the way it implemented SWIFT, a banking software, which North Korean hackers exploited to steal $60 million. On Tuesday, Taiwan’s financial regulator fined Far Eastern International Bank $266,524 (T$8 million) for deficiencies related to its SWIFT system hacking incident. The fine comes in the wake of Taiwanese local…