New Zealand-based fuel supplier Z Energy reports data breach in Nov 2017

Z Energy did not mention the extent to which its database was compromised. However, the compromised system has remained closed since December 2017. On Wednesday, Z Energy Ltd, a New Zealand-based fuel supplier disclosed it has been presented with evidence that its customer data from its Z Card Online database was accessed by a third…

Google streamlines its advertisement policy in a rebranding exercise

Google’s customers have been reassured by the fact that Google Ads will now serve as an all-encompassing front door for ad sellers and advertisers. On Wednesday, in one of Alphabet Inc-owned Google’s biggest re-branding exercise, the search engine giant disclosed that it is further streamlining the entry point for ad sellers and advertisers and is…

Audi AG partners with Israel’s autonomous vehicle simulation platform provider Cognata Ltd

The collaboration marks the Audi AG as the first major carmaker to sign a multi-year partnership with Cognata’s platform. On Tuesday, Israel-based Cognata Ltd, an autonomous vehicle simulation platform provider, stated it has partnered with Volkswagen’s Audi to speed up the development of autonomous vehicles. The simulation platform recreates virtually a range of testing scenarios…

Britain’s automotive industry requires more clarity on post-Brexit scenario for growth

According to the CEO of Society of Motor Manufacturers and Traders (SMMT), Britain’s biggest car manufacturing lobby, “There is growing frustration in global boardrooms at the slow pace of negotiations”. On Tuesday, Britain’s biggest car manufacturing lobby, the Society of Motor Manufacturers and Traders (SMMT), stated the lack of clarity over Brexit has diminished new…

Italian MNC Enel acquires 21% stake in Ufinet International for $175 million

The deal will enable Enel to expand its fibre optic operations to market overseas. On Monday, Europe’s biggest utility Enel stated, it has agreed to acquire a 21% stake in Ufinet International, a Latin American fiber company, for $175 million (150 million euros). The deal includes an option to buy the remaining shares from owner…

Norway’s Competition Authority fines Telenor of $96.3 million for abusing its dominant market position

Telenor has said it is contemplating an appeal in the case. Incidentally, in 2016, Norway’s Competition Authority had considered imposing a fine of 906 million Norwegian crowns, but later dropped parts of the case. On Thursday, Norway’s Competition Authority stated it had imposed a fine of $96.3 million (788 million crowns) on Telenor, the country’s…

U.S. lawmakers want Google to reconsider its ties with Huawei

The move is part of a larger, strategic bipartisan efforts by U.S. lawmakers to rein in collaboration between U.S. tech companies and their Chinese peers, especially in the field of artificial intelligence and machine learning which have application in the military. In a bipartisan move, Republican and Democratic lawmakers have asked Alphabet Inc’s Google on…