By reducing 5,000 employees from its global workforce, HPE is broadening its cost cutting strategy. Bloomberg has reported citing sources familiar with the matter at hand, Hewlett Packard Enterprise Co is planning on cutting at least 5,000 workers from its employee strength, as it focuses on broadening its efforts at cost reductions midst mounting competition.…
Personal details of less than 400,000 U.K residents may also have been accessed by hackers, said Equifax. In another starling disclosure Equifax Inc stated, the personal details of nearly 100,000 Canadians were exposed in the massive hacking incident that took the company by storm earlier this month. As per Equifax, hackers were able to access…
In 2018, Nissan plans on releasing another version of the Leaf which will have a driving range of “more than 300 miles” In a significant development that underscores Nissan Motor Co’s efforts at stimying criticism over its limited driving ranges in its EV offerings, the company has launched a revamped version of its Leaf electric…
The inability to provide a stable economic, and deliver cohesive governance will have long term consequences for the current U.S. administration. Stock prices across the globe went south for a second day following an exodus of U.S. executives from Donald Trump’s business councils thus dealing a fresh blow to hopes of promised tax reforms. For…
Defensive measures are being taken, however experts have admitted that defensive countermeasures have typically lagged behind the ability of hackers to code tools to circumvent countermeasures. As per former and current European government sources who have knowledge of the issue, hackers are persistently trying to attack critical national infrastructure across the European Union. These sources…
In one instance a cyberattack had breached the cyber defenses of a nuclear power plant. In a significant development designed to protect the homeland against cyberattacks, the U.S. Department of Energy stated it is in the process of helping U.S. firms defend themselves against a hacking campaign that is targeting power companies, including nuclear plants.…
It has cited its weaponized drone, SkyStriker designed for long flight hours, unveiled in the recent Paris airshow to rave reviews, as an example of its innovation. So as to maintain its leading edge over its peers, Israeli defense electronics company Elbit Systems Ltd is moving swiftly to innovate as it faces increasing competition from…
The new fund will provide funding to both public and private firms for products that have already reached mid-stage Phase II clinical development, providing them with a new source of growth capital. In a move that underscores the wide net Google has cast across industries, the search engine giant has sunk in $300 million in…
It will release an electric version of the Kona next year. On Tuesday, in efforts aimed at offsetting its falling sale of vehicles in China, Hyundai Motor launched its first subcompact sport utility vehicle (SUV) for advanced markets including the Europe, South Korea, and the United States. The South Korean automaker disclosed it would soon…
The move is aimed at appeasing concerns related to widening trade deficits between the two countries.
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