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News highlights for 23 January The SEC investigates Yahoo security breach (Reuters) – The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing. Yahoo said in a November 2016 quarterly filing that it was “cooperating with federal, state and foreign” agencies, including the […]
KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia on Monday warned organizations in the kingdom to be on the alert for the Shamoon virus, which cripples computers by wiping their disks, as the labor ministry said it had been attacked and a chemicals firm reported a network disruption. An alert from the telecoms authority seen by […]
BRUSSELS (Reuters) – The European Union is considering testing banks’ defenses against cyber attacks, EU officials and sources said, as concerns grow about the industry’s vulnerability to hacking. Cyber attacks against banks have increased in numbers and sophistication in recent years, with criminals finding new ways to target banks beyond trying to illicitly obtain details […]
News highlights for 22 January China sets up $14.5 billion investment fund for internet companies BEIJING (Reuters) – China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said official news agency Xinhua on Sunday. The fund, backed by China’s cabinet, is designed to help turn China […]
(Reuters) – Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips […]
LONDON (Reuters) – Britain’s government on Monday unveiled a new interventionist approach to rebalance its heavily services-based economy for the post Brexit era, in a break with traditional Conservative laissez-faire economic policy. Prime Minister Theresa May’s “Modern Industrial Strategy”demands closer collaboration in key industries in exchange for government support, aiming to increase productivity, reinvigorate industrial […]
KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia warned organizations in the kingdom on Monday to be on the alert for cyber attacks including a version of the destructive Shamoon virus, as a chemicals firm reported a network disruption and the labor ministry said it had been attacked. An alert from the telecoms authority seen by […]
WASHINGTON (Reuters) – Outgoing U.S. Federal Communications Commission Chairman Tom Wheeler warned Republicans against dismantling the Obama administration’s landmark “net neutrality” protections that bar internet service providers from slowing consumer access to web content. Wheeler, in an interview this week, repeatedly questioned why Republicans would institute new policies that he said would benefit major internet […]
News highlights for 19 January Telia considering a bid for TDC STOCKHOLM (Reuters) – Swedish telecom operator Telia is mulling a bid for Denmark’s TDC, Swedish business daily Dagens Industri reported on Thursday, citing unnamed sources. Read more… Avaya files for Chapter 11 bankruptcy WILMINGTON, Del (Reuters) – Telecommunications company Avaya Inc filed for Chapter […]
LOS ANGELES (Reuters) – Traditional TV networks are following Netflix Inc’s lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next instalment. The move poses a direct challenge to Netflix and a way for […]
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