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 […]
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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 […]
Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News reported on Wednesday, citing sources. Japan-based Kioxia Holdings Corp — a key supplier of flash memory chips to Apple — had reported a contamination last […]
Global restrictions on exports to Russia in response to its invasion of Ukraine have shut down a car maker, halted work on tanks and cut a Russian computer maker’s access to circuits used in communications equipment, a U.S. official said on Wednesday. “Thirty-three countries have joined together with one export controls strategy,” said Thea Kendler, […]
Investors publicly rebuked Ericsson Chief Executive Borje Ekholm and the telecom equipment maker’s board on Tuesday over a scandal involving potential payments to Islamic State. Ekholm’s handling of an internal probe into Ericsson’s operations in Iraq has come under scrutiny after the U.S. Department of Justice (DoJ) said the company was in breach of a […]
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 […]
The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. The decision was a win for Tesla that could cost other automakers hundreds of millions of dollars or more. Confirming an earlier report […]
China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, “imminently” and open sales centres in 15 major cities across the country. Liu Yongzhuo, president of the electric vehicle (EV) arm of the world’s most indebted property developer China Evergrande Group, made […]
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 […]
When we say the Kingdom of Saudi Arabia, certain things come to mind oil, the origin of the Islamic religion, Arabian horses, coffee, the world’s largest desert, extravagant palace, the country where women were not allowed to drive, and much more. However, until quite recently, the role of Saudi Arabian women in the Kingdom has […]