A criminal investigations has been by the British Serious Fraud Office has been prompted by the suspension of two senior Tata Steel executives along with 10 other people suspended over forgery allegations. Mark Broxholme, the managing director of the company’s specialty steels and bar business was suspended last November, reported The Guardian. Another senior executive…
Companies who in the course of their business routinely wire transfer monies overseas are particularly susceptible to this scam. According to the FBI, companies across the United States have lost billions of dollars to scams as fraudsters impersonate company executives through emails requesting staff to transfer monies to accounts controlled by them. Losses from these…
If the bill is made into law, it will provide federal judges with wide powers to force U.S. tech companies to cooperate with U.S. law enforcement agencies. As per sources familiar with the on-going discussion, the White House is currently refusing to put its weight around the draft legislation that wants to empower judges to…
There seems to be lesser chances of Syrian President Bashar al-Assad stepping aside to allow a transition Western powers claim is the solution to the conflict even as the Syria peace talks resume next week and Assad, backed militarily by Iran and Russia, shows no willingness to compromise. After Russian air strikes reversed the tide…
India is becoming the new China in the energy world. As India’s economy expands by luring the type of manufacturing that China is trying to shun, the world’s second-most populous nation is increasingly becoming the center for oil demand growth. India is trying to hedge its future energy needs by investing in new production at…
Due diligence on the loss-making UK assets of its Port Talbot plant that Tata Steel has put up for sale would begin from Monday by the Liberty House Group who is slated to buy the plants. The chef of the group Sanjeev Gupta also said that with governmental help, his company is confident of turning…
In an effort to expand its areas for testing of self driven cars, Alphabet Inc is will start test of such cars in Phoenix, Arizona metro area, the company said on Thursday. This move would make Phoenix the fourth U.S. city to serve as a proving ground for the autonomous vehicles. Last summer, the company’s…
A distinguished venture capitalist, Horowitz has backed ideas which have now become formidable IT companies, such as Oculus VR, Twitter, etc. When George “Geohot” Hotz attempted to make available autonomous self-driving technology into today’s cars, not only did it raise eyebrows in industry circles but also raised Tesla’s ire. However, with the backing of Andreessen…
They are already working on a wireless charger that could get your electric truck up and moving. Although charging your car wirelessly has now become more affordable, its still pretty limited since its definitely not the fastest option if you are in a hurry. Secondly if you are looking at this option for anything as…
As per the WSJ with April 11 set as a deadline for the preliminary bids, Yahoo is likely to finalise the deal by June or July this year. Citing sources, the Wall Street Journal has reported that Yahoo Inc has set April 11 as a deadline for submitting preliminary bids for its web business and…
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