Trading in New Zealand’s stock market resumes following 4 consecutive days of offshore DDoS cyber attacks

On Friday, trading resumed at New Zealand’s stock exchange following offshore Distributed Denial Of Service (DDoS) offshore cyber attacks for four consecutive days. In a statement, the government said, national security systems had been activated to support the bourse. While the origin of the “offshore” DDoS attack is being investigated, the failure to stop the…

Oracle held preliminary talks to acquire TikTok’s operations in the U.S., Australia, Canada, and New Zealand

According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…

Facebook, Google has up to Nov. 2020 to comply to Australian competition rules

On Thursday, Australia made it lucidly clear to technology giants Facebook Inc and Google Inc that will have to agree and comply to Australia’s new rules, designed to ensure that they do not abuse their market power and damage competition, failing which the government will impose new controls on them. In a statement, Australian Prime…

New Zealand will independently asses risk of using Huawei’s 5G equipment

Dismissing reports that New Zealand will adopt Britain’s approach, Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. On Monday, New Zealand’s Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. The development…

Deutsche Telekom and Orange to exclude Huawei from building their 5G networks

Huawei equipment has a price advantage: sourcing from non-Chinese sources is likely to drive up costs. Security comes at a price. In a significant development, China’s Huawei is facing fresh headwinds in Europe following an announcement by Deutsche Telekom that it would review its vendor strategy; Orange has also stated it would not use its…

Britain’s BT will remove Huawei equipment from its core 4G network

The move follows similar measures undertaken by the U.S., Australia, and New Zealand. On Wednesday, Britain’s BT Group Plc stated it will remove Huawei Technologies Co’s equipment from its core 4G network within two years. The development brings BT’s mobile phone business in line with an internal policy to keep the equipment of Huawei Technologies…

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…