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 ›
Entrepreneurship
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 ›
Germany ready for serious dialog with Russia over European Security: German Chancellor Olaf Scholz
In a statement German Chancellor Olaf Scholz said, he expects clear steps from Russia to de-escalate a potential conflict with Ukraine, saying Germany and its Western allies are prepared for serious dialogue with Russia over European security. “We are ready… Read More ›
Ukrainian insurance companies received notification that airlines were not covered for war risks
Although Russia and Ukraine hinted at new diplomatic efforts aimed at avoiding a conflict, two Ukrainian airlines have disclosed problems in securing insurance for some of their flights with foreign carriers beginning to avoid Ukrainian airspace. Ukraine’s biggest airline said,… Read More ›
UAE Turkey sign multiple agreements in signs of greater cooperation
In a significant development Turkish President Tayyip Erdogan landed in the United Arab Emirates marking his first visit to the Gulf state since 2013 underscoring greater economic cooperation between the two countries. According to a report from Emirati states news… Read More ›
Closely monitoring Russia-Ukraine situation: MSCI
In a statement global index provider MSCI Inc said, it was closely monitoring developments in Ukraine as well as access to the Russian equity market in the face of possible investment sanctions midst rising concerns of a potential Russian invasion…. Read More ›
India’s Largest Insurer Life Insurance Corporation Files For $8 Billion IPO
India’s state-run insurance firm Life Insurance Corporation of India (LIC) is set to launch an initial public offering of $8 billion against a 5 per cent stake of the company and it has filed draft papers for the same with… Read More ›
US supply chain of rare gas, critical for chipmaking, at risk of Russian retaliation over US threats of export curbs on Russia
According to sources familiar with the matter at hand, the White House has issued warnings to the chip industry to diversify its supply chain in case Moscow decides to retaliate against threatened U.S. export curbs by blocking access to key… Read More ›
ASML considering taking legal action against Dongfang Jinguan over alleged intellectual property theft
Much like its denial of hacking attacks as alleged by various global law enforcement agencies and government, China’s Dongfang Jingyuan Electron, which makes software for chip manufacturing procedures, has denied reports of alleged IP theft from Dutch lithography giant ASML… Read More ›
Intel launches chip for mining bitcoins, minting NFTs
In a statement Intel Corp said it has launched a new chip specifically designed for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. Intel’s new chip is slated to ship… Read More ›