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 […]
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 […]
Nvidia forecast beats expectations but crypto mining’s role remains unclear
Nvidia Corp forecast second-quarter revenue above analyst’s estimates. But shares fell 1% after-hours. This is because the company could not say for certain how much of its recent revenue rise was driven by the volatile cryptocurrency-mining market. In this pandemic the demand for Nvidia graphics chips for video gaming boomed. This resulted in rapid growth rate […]
Gamestop jumps more than 16% as Meme stocks roar higher
Shares of GameStop soared 16.3%. This is after hitting their highest level since late March. Other so-called “meme” stocks also rallied as investors shifted back into the retail favourites that had notched big gains earlier in the year. Dennis Dick, head of markets structure and proprietary trader at Bright Trading LLC said that once it goes […]
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 […]
Twitch adds Transgender tag as Big Tech vies to be inclusive
Twitch is the world’s largest game streaming service. The company made an announcement that the players will be able to add a transgender label to their videos. This move will definitely aid inclusion among its 30 million daily gamers. Twitch always lets users to broadcast themselves playing video games. As per this the company has introduced […]
End of Wind power waste? Vestas unveils blade recycling technology
Vestas, the wind turbine maker has unveiled a new technology which enables wind turbine blades to be fully recycled. This is to avoid the dumping of old blades says the company. According to a 2017 University of Cambridge study, turbine blades are set to account for 43 million tonnes of waste in 2050. As the […]
Slate of Google updates boost its smartwatch, work collaboration efforts
Alphabet Inc’s Google unveiled updates across many services. This includes Maps, Photos and operating systems. The company showcases its role in the world that has become more digitally connected during this pandemic. In the virtually-held Google I/O developer conference, there was an announcement as a boost for the company’s smartwatch efforts. This is going to […]
US removes Xiaomi from blacklist, reversing late China Jab by Trump
A court filing showed that the US Department of Defence will remove China’s Xiaomi Corp (1810.HK) from a government blacklist. This is as per the marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. Without further contest, the two parties would agree to resolve their ongoing litigation […]
Amazon wins court fight against $303 million EU tax order
As Europe’s second highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax, amazon has won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg. Amazon had not enjoyed a selective advantage in its tax deal with the Grand […]