While Wolfgang Hatz’s personal premises were searched by prosecutors in Germany, corporate locations were not part of the raid. As per a source familiar with the matter at hand, prosecutors from Munich have arrested a former member of Porsche board… Read More ›
Month: September 2017
Amazon.com’s Whole Foods Market reports credit card information of consumers stolen its taprooms and restaurants
Since Whole Foods uses a different point-of-sales system at some of its stores, the data kep in those systems weren’t accessed by hackers. Hackers haven’t been able to touch any of Amazon.com’s data in its computer systems. In a significant… Read More ›
Apple has reported a sharp increase in national security requests coming from the U.S. Government
National security letters (NSL) are a form of subpoena for communications data sent to service providers and are typically accompanied by a gag order. While not requiring a warrant, they imply that the target being surveyed is unaware of their… Read More ›
Putin Helped To Thwart Spies By Natalya Kaspersky’s Snoop-Proof Phone
Seeking to capitalize on the country’s tensions with the U.S., a smartphone that prevents Google and other apps from snooping on users is to be introduced by a Russian security company run by Kaspersky Lab’s co-founder. The Taiga phone has been… Read More ›
After Boeing Complains They Were Unfairly Subsidized By Canada, US Slaps High Duties On Bombardier Jets
A costly trade war between the U.S. and its neighbor to the north – Canada, can be the result of a ruling by the U.S. Commerce Department about the alleged subsidies for airplanes built in Canada. There have been allegations made by… Read More ›
One Of The Oil Market’s Biggest Concerns Now Is A Small Region In Iraq
Oil markets would be unsettled for weeks to come as oil prices were boosted to more than two-year highs by tensions over an independence vote in Iraqi Kurdistan. Despite objections from the central government in Baghdad and much of the… Read More ›
U.S reactionary imposition of 220% duty on Bombardier has larger geopolitical consequences
Bombardier is a major employer in Northern Ireland, where a handful of legislators is keeping British Prime Minister Theresa May’s minority Conservative government in power. The British government has threatened to cancel 18 Boeing F-18 Super Hornet fighter jets unless… Read More ›
Toyota partners with Mazda Motor Corp to develop electric vehicle technology
The declining costs of battery technology is heating up the race to place electric vehicles on the consumer market by 2020. In efforts aimed at shortening the lead between its rival and itself, Toyota Motor Corp has establishing a new… Read More ›
Probes by the European Union and the U.S. push China to crackdown on violators of intellectual property
China has sought so portray its crackdown on violators of U.S. & European intellectual property as its independent decision. China’s markets are famous for cheap knock offs of well-known European and U.S. brands for a tenth of their asking price…. Read More ›
French industrial giant Alstom SA agrees to merge with German engineering giant Siemens AG
The industrial giants have agreed to stand shoulder to shoulder to withstand the assault of China state-owned railways – CRRC Corp Ltd. In a significant development, French industrial group Alstom SA has agreed to merge its railways business with its… Read More ›