Euro zone sentiment hits three year high, inflation expectations jump
The data showed that the Economic sentiment improved by more than expected to a three-year high in May. This is due to the strongest gains in services, retail and among consumers as governments eased pandemic restrictions. The European Commission’s economic sentiment index rose to 114.5 points in May from 110.5 in April. This is highest […]
Tencent Q1 profit rises 65% as online gaming revenue climbs
Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 65% rise in quarterly profit. This is driven by a surge in users for its video games in China and international markets. Tencent is the the world’s largest gaming firm by revenue. The company has booked a profit of 47.77 billion yuan ($7.42 billion) […]
Microsoft says group behind Solar Winds hack now targeting government agencies, NGOs
The group behind the SolarWinds cyber-attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft Corp. Microsoft said in a blog that they have observed cyberattacks by the threat actor Nobelium targeting government agencies, think tanks, consultants, and non-governmental organizations. According to Microsoft, Nobelium, originating from Russia, is […]
EU bodies use of Amazon, Microsoft cloud services faces privacy probes
The European Commission and European Parliament’s use of cloud computing services provided by Amazon and Microsoft has prompted two EU privacy investigations over concerns about the transfer of personal data to the United States. After revelations in 2013 by former U.S. intelligence contractor Edward Snowden of mass U.S. surveillance, the data privacy came under scrutiny. […]