Hackers are relying on the vulnerabilities in SWIFT’s messaging systems to hide their digital footprints. A second bank has been compromised due to these vulnerabilities. In the wake of Bangladesh’s central bank being hacked due to hackers exploiting vulnerabilities in… Read More ›
Month: May 2016
Saudi oil giant Aramco set for its first ever IPO
In the wake of fluctuating oil prices, Saudi Arabia is trying to diversify and revitalize its economy. The world’s largest exporter of oil Saudi Arabia is in the process of overhauling its economy. The process of partially privatising Aramco, a… Read More ›
Nissan could have controlling stake over Mitsubishi Motors
Mitsubishi Motors has now disclosed that more models have been affected by its fuel-economy scandal than those which have been previously announced. After anonymous sources leaking out the news that Nissan Motor was considering taking up a controlling stake in… Read More ›
Hyperloop One receives $80 million in funding to develop next gen transportation system
Having demonstrated the propulsion system, Hyperloop One is expected to announce the date, sometime next year, of a competition which will determine the location in which the first hyperloop system will be built. A Los Angeles company called Hyperloop One… Read More ›
Apple invests $1 billion in Chinese ride-hailing service
Eyeing a possible future tie-up, Apple has invested $1 billion in Didi Chuxing, a ride-hailing service in China. In a move described by Apple CEO Tim Cook as one that would help the company better understand the Chinese market, Apple… Read More ›
Workers at US Poultry Wear Diapers on the Job as they are Denied Breaks
Workers in plants run by the largest U.S. poultry producers are reduced to wearing diapers while working on the processing line as they are regularly being denied bathroom breaks, Oxfam America said in a report. “It’s not just their dignity… Read More ›
Hacker Reportedly Leaked Personal Data of Chinese Elites on Twitter
In an embarrassing leak for authorities that has raised concerns about the security of official records, the purported personal details of numerous Chinese business moguls and politically-connected elite have been posted to an anonymous Twitter account. The data disclosure would… Read More ›
A 75% Discount off Hydrogen-Fueled Vehicles being given by UK for Firms and Organizations
With the aim to “encourage more businesses to switch to hydrogen-fuelled vehicles”, the U.K. government has launched a £2 million ($2.89 million) fund to provide subsidies. Private businesses, as well as organizations such as police forces and health trusts would… Read More ›
The UK Property Premier League Led by this Soccer Club
Soccer club Tottenham Hotspur has taken home an unlikely consolation prize even though it narrowly missed out on clinching the English Premier League (EPL) title,. The area surrounding Spurs’ home stadium, White Hart Lane in north London, recorded the greatest… Read More ›
Market-making Operations of Citadel, KCG being Investigated by US Authorities: Reuters
Looking into the possibility that the two giants of electronic trading are giving small investors a poor deal when executing stock transactions on their behalf, the US Federal authorities are investigating the market-making arms of Citadel LLC and KCG Holdings… Read More ›