In a statement European Commission President Ursula von der Leyen said, the EU could lay sanctions on Moscow if it were to invade Ukraine. The EU would cut off Russia from the international financial markets and deny access to major… Read More ›
Creativity
US plans to target Russian financial institutions, cripple their ability to process international transactions
According to three sources familiar with the matter at hand, the Biden’s Administration has prepared a package of sanctions against Russia that includes blocking U.S. financial institutions from processing transactions for major Russian banks in an effort aimed at crippling… Read More ›
Researchers from Toshiba Corp, JPMorgan Chase & Co, Ciena Corp develop means to protect communication network on blockchain from quantum cyber attacks
In a statement a team of quantum computing engineers from Toshiba Corp, JPMorgan Chase & Co and Ciena Corp said, they have successfully demonstrated the means of protecting a communication network on a blockchain using a powerful, newly-developed encryption network. According… Read More ›
FBI forms Virtual Asset Exploitation unit to pursue cyber criminals
In a significant development the U.S. Justice Department announced, it has selected an experienced computer crimes prosecutor to lead its new national cryptocurrency enforcement team and said the FBI is launching a unit for blockchain analysis and virtual asset seizure…. Read More ›
IBM Spinoff Kyndryl strikes private 5G deal with Nokia
In a significant development Kyndryl, a former infrastructure services business of IBM, has struck a deal with Nokia to automate its factories using cloud computing and artificial intelligence over wireless networks. After being spun off from IBM in November 2021, Kyndryl… Read More ›
China Has Added More Firms To A Trade Group Charged With Developing The Country’s Metaverse
A Chinese industry group that was created with the aim of expanding the country’s metaverse applications has added a new set of firms to the body so that it can more aggressively pursue its aim of catching up on the… Read More ›
Meta Platforms completes acquisition of CRM software startup Kustomer
In a statement Meta Platforms Inc said, it had closed its acquisition of U.S. customer service startup Kustomer, after gaining antitrust approval from the European Commission last month. The acquisition was announced in November 2020 but got delayed due to regulatory… Read More ›
Liontown Resources signs lithium deal with Tesla
On Wednesday, in a statement Australia’s Liontown Resources said it has signed a five year agreement with Tesla to supply lithium spodumene concentrate for its electric cars. With the news reaching the market, shares of lithium miner’s went up by nearly 20%…. Read More ›
Ukraine hit by Distributed Denial of Service
Ukraine’s defense ministry and two banks were subject to cyberattacks with their online networks overwhelmed by the attacks. Ukraine’s information security centre pointed the finger at Russia. “It is not ruled out that the aggressor used tactics of little dirty… Read More ›
Intel aims to acquire Tower Semiconductor for around $6 billion
According to a source familiar with the matter at hand, Intel Corp is close to acquiring Israel’s Tower Semiconductor for around $6 billion. The deal comes at a time when Intel is looking to advance its strategy of contract manufacturing chips… Read More ›
