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Billions Of Whatsapp Using Phones Whatsapp Exposed To Malicious Spyware; Firm Suggests Upgrading

The phones of users of online messaging app WhatsaApp were exposed to targeted spyware which could be installed on phones through voice calls because of cyber security breach, admitted the company on Monday. Both the iPhone and Android devices are affected by this breach. It is being alleged that...

Record Fine In Italian Tax Settlement To Be Paid By Gucci Owner Kering

A record 1.25 billion euros ($1.40 billion) would be paid to the 1.25 billion euros ($1.40 billion) by the French luxury goods group Kering for the settlement of a case that is related to the fashion brand Gucci of the company.   According to analysts, the cash reserves available with Kering...

India’s Reliance Industries To Purchase Hamleys Toy Stores From Chinese Group

India’s Reliance industries has agreed to take over the British high street icon Hamleys, which is the oldest toy retailer of the world and which is currently owned by the Chinese.   The 250-year-old toy chain is currently owned by Hong Kong-listed C Banner International Holdings Ltd and an...

Airbus Contemplating Legal Suit Against Germany’s Arms Ban To Saudi Arabia; Reports

The German government is likely to be sued by the European aircraft manufacturer Airbus over the decision of the German government to put a freeze on exports of arms to the Kingdom of Saudi Arabia. According to reports quoting sources, this decision would impair Airbus from completing a border...

Kraft Heinz To Reissue Its Previous Earnings Due To Employee Misconduct

Kraft Heinz Co., which is being investigated by the United States Securities and Exchange Commission in relation to its procurement activities, would be restating its annual financial results for the financial years 2016 and 2017, as well as for the nine months of 2018 because of misreporting of...

Uber Accused Of ‘Illegal Operations’ In Australia, Class Action Lawsuit Filed

Citing allegations of conducting their business in an illegal manner in Australia which is resulting in financial damage to the local taxi industry workers and operators, a class action lawsuit has been filed in the country against the United States based ride hailing company Uber Technologies....

Tesla Aims To Raise $2.7B In Capital, CEO Musk Also To Increase His Share

Tesla announced that it wants to raise as much as $2.7 billion from its planned sale of notes and stock to raise much-needed capital – an announcement which was made by the company just a day ago.   The reason for the increase in offering was because of the high positive response from...

Qualcomm Earnings Report Gives Glimpse Of Apple Settlement

The impact on the bottom line of US based chip maker Qualcomm because of its legal fight with iPhone maker Apple Inc over patent rights was made clear for investors. It also included the undisclosed multibillion dollar payment from the case settlement with Apple as one time payment and future...

Citelum applies the same transparency requirements wherever it operates." Carmen Munoz, CEO of Citelum

Citelum now generates more than 75% of its revenue internationally. What is the story behind your success? To have any kind of success in a country, you must establish yourself on a long-term basis. This is necessary to understand the local context and give yourself time to succeed. When I talk...

Security Vulnerability In Huawei Equipment Was Found By Vodafone In 2011 & 2012

Telecoms group Vodafone, the second largest telecom service provider of the world, claims to have identified security issues in the telecom equipment that it had purchased from China's Huawei for its business in Italy in two consecutive years of 2011 and 2012.   This was announced by the...

GE Reports Lower Than Expected Drop In Earnings And Cash Burn

General Electric (GE) investors were partly relieved after the US firm reported a better than expected drop in its earning and spent less cash than what analysts feared it would during the first quarter of the current year.   While Wall Street estimated that there would be a 44 per cent drop...

Helpful Drivers Of Jaguar Land Rover Could Earn Cryptocurrency

United Kingdom’s largest auto maker Jaguar Land Rover (JLR) intends to allow drivers of its cars to earn the IOTA cryptocurrency as a reward for them allowing sharing of their data. the company announced this and said that it is carrying out a test for a software for this purpose.   “Smart...
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