French agribusiness group InVivo has entered exclusive negotiations to merge its retail activities with 2MX Organic, an acquisition vehicle backed by French telecoms billionaire Xavier Niel, the companies said on Thursday. The planned deal is based on a 675 million euro ($748 million) enterprise value for InVivo Retail, they said. The business would become a […]
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One of the things that mega tech powerhouses, Apple and Meta, are openly proud of is the level of security they hold for their users’ data. But, in an unpreceded event, it appears that the tech giants were handing users’ data to hackers , or “officials,” or in this case, disguised as officials from law […]
The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according to a senior U.S. official and two people familiar with the matter. The classified briefings are part of Washington’s broader strategy to prepare providers of […]
The banking system has long been a catalyst for economic growth, especially in the second half of the 20th and beginning of the 21st century. Nothing helps grow a country’s economy like giving an aspiring skilled citizen a loan to start a business, make their own money, and create jobs for others. Many crypto lending […]
As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalizing plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will bring it up to speed with its U.S. rival. Tesla says it can already churn out a Model Y in 10 […]
Major Ericsson shareholders will vote against a motion to clear some board members of responsibility over possible payment of bribes to militant organisations in Iraq, deepening a crisis at the Swedish group that has knocked a quarter off its market value. Shareholders, including Cevian Capital, Swedbank Robur and Norway’s wealth fund, plan to vote against […]
U.S. pressure on Huawei Technologies has served to strengthen the resolve of the Chinese telecoms giant, finance chief Meng Wanzhou said on Monday after its first set of results since her return from nearly three years’ detention in Canada. The daughter of Huawei founder Ren Zhengfei played a central role in the company’s tussle with […]
Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the Foreign Exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by […]
The Saudi Telecommunication Company, known as STC, is the leading telecom operator in the Kingdom of Saudi Arabia (KSA), competing with United Arab Emirates (UAE)-based Etisalat for the number one spot in the region. Established in 1998, the company has been witnessing successive periods of evolution and portfolio diversification that often mirror the telecom landscape […]
The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp and China Mobile International USA to its list of communications equipment and service providers deemed threats to U.S. national security. The regulator last year designated five Chinese companies including Huawei Technologies Co and ZTE Corp as the first firms […]