Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, […]
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Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major U.S. banks to exit after Moscow’s […]
Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors by failing to properly disclose misconduct and compliance failures in Iraq. Ericsson, which has been at the center of a scandal over possible payments to Islamic State, said U.S. authorities determined it failed to make […]
On Thursday, chip manufacturing giant Intel announced it would be releasing its first-generation Discrete laptop GPU in the upcoming weeks, without specifying the actual release date, reassuring it will be available in the market in 2022’s first quarter (Q1). The release will be synchronized with the date of the 12th-generation Intel H-series notebooks, with some […]
Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast Asian country, under a deal to […]
Telecom Italia (TIM) directors will on Monday discuss a plan to reorganise Italy’s biggest telecoms group as newly appointed Chief Executive Pietro Labriola tries to forge an alternative to a takeover approach by U.S. fund KKR . The debt-laden former phone monopoly is considering splitting its domestic business into an infrastructure entity and a separate […]
Hampshire, UK – 2nd February 2022: A new study from Juniper Research has found that the total number of RCS (Rich Communication Services) subscribers will grow from 1.2 billion in 2022 to 3.8 billion by 2026; accounting for 40 percent of global mobile subscribers. This represents a growth of over 200 percent. RCS is protocol for rich […]
In September 2021, the U.S. Department of Commerce (DOC) issued a Request for Information (RFI) to collect data concerning the intensively heightened chip shortage following the Covid-19 pandemic. In its findings, the DOC revealed that it is expecting the chip shortage to last another six months, well into mid-2022. The RFI’s report evidenced that the […]
Open market online for Non-Fungible Tokens (NFT), OpenSea, is getting in touch with and compensating users exposed by the loophole letting individuals obtain NFTs for less than the market’s value, then resell it for thousands. First reported by Vice Tech’s Motherboard on Monday after blockchain security firm Elliptic expressed concerns around the issue. Various Twitter users went […]
As the United Arab Emirates (UAE) maintains its acceleration into the tech scene, Dubai’s Mohammed Bin Rashid Space Center (MBRSC) publicized the new appointment of its director-general. Dubai’s Crown Prince and President of the MBRSC, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum released an official statement publicizing the decision of the newly appointed deputy […]