Cyber security provider Palo Alta to acquire Demisto Inc for $560 million

Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…

New Zealand will independently asses risk of using Huawei’s 5G equipment

Dismissing reports that New Zealand will adopt Britain’s approach, Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. On Monday, New Zealand’s Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. The development…

Huawei 5G gets first foothold in Asia through Thailand

Thailand is more sensitive about the price of setting up its 5G networks than its national security. On Friday, despite calls from the United States to to its allies to bar China’s Huawei Technologies from building next generation mobile networks, Thailand launched a test bed for the Chinese telecom giant. Huawei is facing growing pressure…

Boeing makes significant, undisclosed, investment in supersonic business jet developer Aerion

Boeing’s investment aims to tap growing high-end demand for air travel that slashes travel time. In a filing, Boeing Co has disclosed, it has made a significant investment in Aerion, a supersonic business jet developer. The development comes in the wake of Boeing, the world’s largest planemaker looking to tap increasing demand for high-end aircraft…

U.S. launches formal charges against Huawei Technologies Co., Ltd & CFO Meng Wanzhou

The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…