The raid was in connection to Samsung Securities’ recent fat finger error in which in accidentally issued shares worth 2.8 billion to its own employees. On Monday, South Korean prosecutors raided the head office of Samsung Securities in relation to the brokerage firm’s recent fat finger error. As reported here earlier, Samsung Securities had accidental…
One probable reason for the rejection could be a conflict centering in-app purchases. In a move aimed at protecting its ability to make money from in-app purchases from games on its mobile devices, Apple Inc blocked Steam, a leading online store for downloaded games, from extending its reach into its iPhhones. Steam had wanted to…
Hailed as a model for personal data protection, the GDPR ramps up protection for online privacy for citizens across the European Union. On Friday, new privacy regulations will come effect across the Eurozone. Companies will now have to comply with tougher privacy rights of their customers and provide them ways to better handle and control…
The development is aimed at enabling Toyota to expand its line of next gen emission free vehicles. On Thursday, as part of a strategic move Toyota Motor Corp plans on building a manufacturing plant for hydrogen fuel cell stacks, a key component for next generation fuel cell vehicles. The move is part of a larger…
Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
Known as Speculative Store Bypass or “Variant 4”, these new vulnerabilities have a low risk profile assigned to them partly due to the patches that were released earlier this month for the Spectre and Meltdown vulnerabilities. Security researchers from Alphabet’s Google and from Microsoft Corp have unearthed new security vulnerabilities that impact a broad range…
The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…
Having grossed $2.1 billion in 2017, HMD Global is aiming to double its sales channels in key markets in 2018. On Monday, HMD Global, the Finnish company licensed to sell Nokia-branded phones, stated it had raised $100 million in a new funding round aimed at boosting its growth. In 2017, its first year of operations,…
Malaysia will be the second market in which Grab has launched its e-wallet service. On Monday, both Grab and Malaysia’s biggest bank, Malayan Banking Bhd stated, they will collaborate to boost the adoption of the ride-hailing firm’s GrabPay mobile wallet. In the coming weeks, Grab, which received its e-money license from Bank Negara Malaysia in…
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