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 […]
Search results for "IT"
Ukraine’s state-owned telecommunications company Ukrtelecom experienced a disruption in internet service on Monday after a “powerful” cyberattack, according to Ukrainian government officials and company representatives. The incident is the latest hacking attack against Ukrainian internet services since Russian military forces invaded in late February. “Today, the enemy launched a powerful cyberattack against Ukrtelecom’s IT-infrastructure,” said […]
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 […]
Uber Technologies Inc said on Saturday it has received permission to operate in London under a new 30-month license, ending a years-long battle with the city transport regulator over safety concerns. “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a spokesperson for Transport […]
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 […]
Tesla Inc Chief Executive Officer Elon Musk is giving “serious thought” to building a new social media platform, the billionaire said in a tweet on Saturday. Musk was responding to a Twitter user’s question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize […]
We’ve all been warned of its detrimental effect on societies, intelligence, and even humanity as a whole. Artificial Intelligence (AI) has existed since the emergence of computing power, and with it – throughout the years – came the ultimate hypothesis, can artificial intelligence become a threat to humanity? Will intellectually advanced AI systems inevitably detach […]