Government - CybAI news

08 Aug

Malaysia Boasts of Chip Clout as Infineon Opens €7 Billion Site

stp2y0 CommentsRAG modelsAnwar Ahmed Hamoud Al Ibrahim, Asia, Automotive, china, Decarbonization, Government, INFINEON TECHNOLOGIES AG, Jochen Hanebeck, Kuala Lumpur, Malaysia, politics, Technology

Malaysia is gaining more heft in the global supply chain as Infineon Technologies AG opens a major semiconductor manufacturing complex in the country, the Southeast Asian nation’s leader said. “We are now be able to receive and expand the technology. It shows Malaysia is now going up the ladder,” Prime Minister Anwar Ibrahim said at the opening ceremony of the first phase of Infineon’s €7 billion ($7.7 billion) production site in the northern Malaysian district of Kulim on Thursday. Source link lol

08 Aug

Deutsche Telekom Improves Profitability Buoyed by US Growth

stp2y0 CommentsRAG modelsCash Flow, DEUTSCHE TELEKOM AG-REG, Earnings, europe, germany, Government, regulation, T-MOBILE US INC, Taxes, Technology, Tim Hoettges

Deutsche Telekom AG, Europe’s largest telecommunications operator, reported increased profitability in the second quarter, buoyed by strong subscriber growth in the US and resilience in its home market of Germany. Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 7.8% from a year earlier to €10.8 billion ($11.8 billion) in the second quarter, the carrier said in a statement on Thursday. Analysts had forecast €10.7 billion, according the average of estimates compiled by Bloomberg. Source link lol

08 Aug

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

stp2y0 CommentsRAG modelsANDURIL INDUSTRIES INC, Christian Brose, Football, Government, investing, Peter Andreas Thiel, software, startups, Technology, Valuation, venture capital

Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies. Source link lol

07 Aug

UK Regulator Tells Online Services to ‘Act Now’ to Stop Riots

stp2y0 CommentsRAG modelsapps, Asia, BEIJING DOUYIN INFORMATION S, Culture, Emerging Markets, Government, Markets, META PLATFORMS INC-CLASS A, politics, regulation, social media, Technology, United Kingdom

The UK telecommunications regulator urgedBloomberg Terminal online service providers to take action to stop customers from using their platforms to incite violence, even though Ofcom’s new rules with stronger requirements to police online content aren’t yet in effect. “In a few months, new safety duties under the Online Safety Act will be in place, but you can act now – there is no need to wait to make your sites and apps safer for users,” said Gill Whitehead, Ofcom’s director for online safety, in a letter posted to the regulator’s website on Wednesday. Source link lol

07 Aug

WPP Sells $775 Million Stake in PR Firm FGS Global to KKR

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, business, china, deals, Debt, environment, Government, KKR & CO INC, london, Mark Read, Technology, WPP PLC

WPP Plc agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million as the British advertising agency streamlines its business to make room for investments in newer technologies. The sale of the approximately 50% stake gives FGS Global an enterprise value of $1.7 billion, the company said in a statement on Wednesday. KKR will increase its stake in the company to about 80% from 30%. Source link lol

07 Aug

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

stp2y0 CommentsRAG modelsAmericas, CISCO SYSTEMS INC, Government, HEWLETT PACKARD ENTERPRISE, infrastructure, JUNIPER NETWORKS INC, Markets, Technology, United Kingdom, United States, Utilities

Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol

07 Aug

Suspected Foreign Agitators Boost UK Extremists to Inflame Riots

stp2y0 CommentsRAG modelsBYTEDANCE LTD, Elon Reeve Musk, equality, Federal Bureau of Investigation, Government, HOLIDAY INN EXPRESS, Immigration, politics, social media, Technology, TWITTER INC, United Kingdom, war

Suspected foreign state-backed actors and UK domestic extremists have coalesced online to stoke racism and incite violence across the UK, taking advantage of services from TikTok to the messaging service Telegram.Over the last 10 days, channels on the social media site Telegram, prominent accounts on X and self-described British patriots on ByteDance Ltd.’s TikTok have pushed users to appear at centers for asylum-seekers and take part in demonstrations that later turned violent. Other accounts have spread false allegations about members of the Islamic community. Source link lol

07 Aug

Tesla Recalls 1.6 Million Cars in China Over Hood-Lock Problem

stp2y0 CommentsRAG modelsAutomotive, china, europe, France, Government, JULY SARL/CAEN, regulation, retail, software, Technology, TESLA INC

Tesla Inc. has recalled most of the cars it’s ever sold in China due to an issue that could leave an unlocked hood to go unnoticed, creating a potential safety hazard, according to a notice by the state market regulator.A latch assembly issue may at times prevent the driver from being alerted about an unlocked front hood, which could allow the hood to fully open with the vehicle in motion, increasing the risk of a collision, according to a recallBloomberg Terminal notice by the State Administration for Market Regulation on Tuesday. Source link lol

07 Aug

Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bom Suk Kim, COUPANG INC, E-commerce, Earnings, Government, PDD HOLDINGS INC, regulation, South Korea, taiwan, Technology

Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business.South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million. Excluding Farfetch and a fine from the Korean authorities, Coupang’s second-quarter net income came to about $124 million, it said in a statementBloomberg Terminal. Source link lol

06 Aug

Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

stp2y0 CommentsRAG modelsAlabama, BANK OF AMERICA CORP, Birmingham, Debt, food, Generic 1st 'DL' Future, Government, GREEN PLAINS INC, Technology, Todd A Becker, VINSON & ELKINS LLP

Green Plains Inc. shares plunged the most in more than four years as the ethanol producer again disappointed investors with lower-than-expected financial results. The company postedBloomberg Terminal a loss of 38 cents a share for the second quarter, double the average analyst estimate compiled by Bloomberg. Revenue fell 28% from a year earlier amid lower prices for corn-based ethanol and dry distillers grains used in livestock feed. Source link lol