HK’s Next Digital shares soar as trading resumes after Jimmy Lai assets frozen
Shares in jailed tycoon Jimmy Lai’s Next Digital Ltd soared. The first day of trading after a suspension of longer than a week following a freeze in the pro-democracy activist’s assets under the national security law. The media publisher said it had enough working capital for at least 18 months from April 1 without additional funding […]
US to boost pipeline cyber protections in wake of Colonial Hack
The Department of Homeland Security (DHS) said that the Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack. Colonial Pipeline, which runs from Texas to New Jersey is forced to shut much of its network for several days this month because of a ransomware attack. This leaves thousands […]
Exclusive Hyundai to slash combustion engine line-up, invest in EVS
Hyundai Motor Group will slash the number of combustion engine models in its line-up. This is to free up resources to invest in electric vehicles (EVs). This move will result in a 50% reduction in models powered by fossil fuels, adding the strategy was approved by top management in March. This was reported to the […]
Zoom forecasts upbeat revenue, expects boost from hybrid work
Zoom Video Communications Inc forecast current-quarter revenue above estimates. This is because of increased adoption of hybrid work models by companies is expected to drive steady demand for its video conferencing tools. Due to this pandemic situation, from the past year many businesses and schools switched to its services for virtual classes, office meetings and […]