Profits at payments giant Visa Inc. jumped in its most-recent quarter, driven by consumers and businesses getting back to spending on their credit and debit cards after the pandemic. The San Francisco-based company said Tuesday that it earned $3.58 billion in its fiscal fourth quarter that ended Sept. 30, or $1.65 a share. That’s was […]
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U.S. regulators are expelling a unit of China Telecom Ltd., one of the country’s three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the United States within 60 days, under an […]
Facebook the company is losing control of Facebook the product — not to mention the last shreds of its carefully crafted, decade-old image as a benevolent company just wanting to connect the world. Thousands of pages of internal documents provided to Congress by a former employee depict an internally conflicted company where data on the […]
In an endless fight to counterattack ransomware threats, the United Kingdom has shown intentions of developing a cyber command team to “hunt” and infiltrate cybercriminal groups, according to high-level government officials. The director of Britain’s signals intelligence agency (GCHQ), Jeremy Fleming, elaborated on the country’s plans at this year’s US Cipher Brief threat conference on […]
Following Facebook’s financial results released on Monday, the social networking giant is anticipating a damaging effect rising from Apple’s iPhone privacy alterations led by Snap Inc’s missed revenue targets. In April, the iOS developer incorporated additional privacy updates to prohibit advertisers from monitoring iPhone users without their permission. Apple’s move fueled fear in digital ad […]
Arabian Internet and Communications Services Co., also known as Solutions by STC, signed Sunday numerous contracts with the Saudi Telecom Company to advance the creation of a modernized data center for smart city, NEOM. With a valuation estimated at around $53.7 million, the contracts will set the initial groundwork to establish the needed infrastructure for […]
Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which Microsoft calls Nobelium, has employed a new strategy to piggyback on the direct access that cloud service resellers have […]
Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the $1 trillion mark […]
U.S. Big Tech legion seems to be torn between two economic powerhouses. In a battle for dominion between the East and the West, Big Tech companies are forfeiting from the Chinese market to prevent getting caught in the conflict, except for Apple, according to the BBC. Last week, Microsoft announced news of shutting down its professional […]
More than 70 percent of China’s 5G smartphones are driven by the country’s expanded network coverage and ampler models’ options, resulting in an 8.1 percent rise in sales for fifth-generation network devices. China, a country with a mindset focused on usurping the U.S. from its throne as the world’s largest economy, is impressively playing the […]