In a statement Masterschool, an Israeli network of tech career-training schools said, it had raised $100 million in an early stage funding round led by venture firm Group 11. Ronald Cohen, Target Global, Dynamic Loop Capital, and Pitango Ventures, and… Read More ›
Month: May 2022
India strengthens cyber security rules
In a statement the India’s cybersecurity watchdog said, New Delhi will not dilute upcoming cybersecurity rules that require social media, technology companies and cloud service providers to report data breaches swiftly, despite growing industry concerns. The Indian Computer Emergency Response… Read More ›
Hackers using unpatched versions of VMWare to hack organizations
In a statement the U.S. cybersecurity watchdog agency said, it has ordered federal officials to either update or remove a products made by VMWare Inc citing hacking activity that used exploits of old vulnerable versions of the products to break into… Read More ›
Sony well positioned for dominant position in metaverse: CEO
In a statement Japanese conglomerate Sony Group Corp said, it is well-positioned to play a leading role in the metaverse. The metaverse is a term that encapsulates the idea that consumers will spend more time in online simulated environments. While the… Read More ›
Not legal for US to seize Russia’s frozen assets: Treasury Secretary Janet Yellen
In a significant development, US Treasury Secretary Janet Yellen said, the United States does not have the legal authority to seize frozen assets of the Russian central bank following its invasion of Ukraine. She also said, it is likely that… Read More ›
India a big growth opportunity: Stellantis
In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
Why Hasn’t Indonesia’s Prohibition On Palm Oil Exports Lowered Cooking Oil Prices?
Indonesia, the world’s largest supplier of palm oil, has banned shipments of the edible oil since April 28 in an attempt to flood the domestic market with supply in order to control rising cooking oil prices. Despite these strict rules,… Read More ›
SpaceX poised to become most valuable US startup
According to sources familiar with the matter at hand, Elon Musk’s SpaceX is poised to become the most valuable U.S. startup with its valuation rising to over $125 billion in an ongoing share sale in the secondary market. The shares,… Read More ›
Hedge funds to invested in Twitter before Musk’s planned acquisition to reap big rewards
Prominent hedge funds, including Bridgewater Associates and Point72 Asset Management had invested in Twitter in the first quarter, before Elon Musk unveiled his plans to acquire the company. They are now on course to reap big gains. Headed by Steven A…. Read More ›
Spain aims to be LNG hub in Europe
According to sources from the Spanish government, Madrid is slated to sign a $300 billion deal with Qatar’s sovereign wealth fund, wherein the latter will invest in Spanish projects that are funded by European Union COVID recovery funds. The deal… Read More ›