China’s coronavirus threatens mobile phone industry: Qualcomm’s CFO

The coronavirus outbreak in China poses a potential threat to the mobile phone industry, said Qualcomm Inc while adding that it is likely to impact its manufacturing and sales. These comments by Qualcomm, the world’s biggest supplier of “modem” chips has resulted in the tumbling of chip stocks despite signs that an industry downturn was…

Bills Gates had predicted China’s virus with simulation saying 33M deaths in first 6 months

One year back, while speaking at a conference hosted by the Massachusetts Medical Society, Bill Gates had “predicted” that a super-virus pandemic breaking out in China could potentially kill 33 million people around the globe in a span of just 6 months. Gates had warned that the world was at risk from super-pathogens spreading quickly…

Delivery’s Hero’s $4 billion acquisition of South Korea’s Woowa Brothers raises antitrust concerns

On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…

Thallium hacking group stole nuclear related info: Microsoft

In a statement, Microsoft Corp disclosed, a hacking group called “Thallium” has taken control of web domains to steal nuclear related data. In a blog post, Microsoft stated, Thallium, believed to be operating from North Korea, targeted government employees, university staff members, think tanks, and individuals working on nuclear proliferation issues, among others. Most of…

Japan’s SoftBank and South Korea’s Naver Corp to create $30 billion tech giant to fight Rakuten Inc

On Monday, Japan’s SoftBank Corp stated, it plans on merge  Yahoo Japan with messaging app operator Line Corp in order to create a $30 billion tech giant, as it aims to group together struggling internet companies to bulk up against rivals such as Rakuten Inc. In a statement SoftBank said Yahoo Japan, which last month…

Cyber attack on Asian ports could cost $110 billion: Lloyd’s of London

A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…