WhatsApp to go ahead with privacy update despite privacy concerns: Facebook Inc

In a significant development, Facebook Inc’s WhatsApp said, it will goo ahead with its controversial privacy policy update which allows users to read it at “their own pace”; following the update WhatsApp will display a banner providing additional information. Earlier this year in January, WhatsApp had laid out fresh terms aimed at increasing business transactions…

IEEE lifts curbs on Huawei subsidiaries and employees

While U.S. based IEEE has lifted its curbs, Beijing-based technology research group The China Computer Federation (CCF) has yet to reciprocate. On Monday, in contrast to the ham fisted stand taken by China, the Institute of Electrical and Electronics Engineers (IEEE) disclosed, it has lifted curbs on employees of Huawei Technologies and its subsidiaries; they…

Bank of America completes its shifting from London to Dublin

With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…

Foxconn to use proceeds of Shanghai IPO to fund 8 projects totaling to $8 billion

The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…