A Chinese spy carrying out industrial espionage against GE Aviation and Honeywell‘s aerospace division was caught with the help of access to an iCloud backup of his iPhone, media reports say. The data obtained included a never-before-seen copy of a security form used by the Chinese security service when recruiting spies, citing Bloomberg, 9To5Mac reported. … Read more
Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of … Read more
Softbank said it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot toUSprivate equity group General Atlantic FT BV. Kahoot’s share price surged 28% in early trade. General Atlantic in a separate statement confirmed the deal to buy 73.5 million Kahoot shares, but did not disclose the transaction price. Read Also Kahoot’s … Read more
Bankrupt crypto lender Celsius Network , filed a request for sale of its stablecoin holdings, in a bid to generate liquidity to fund its operations. The New Jersey-based company intends to sell their current and any future stablecoins it may receive, as needed, to fund its Chapter 11 cases, according to a court document. The … Read more
Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas and 16 other states or territories, a federal judge ruled. Google won its motion to dismiss an allegation that a cooperation agreement it struck with Meta Platforms’ Facebook in 2018 was … Read more
Researchers in the Allahabad University (AU) will conduct a study to identify ways in which microgreens — vegetables that are just a few inches tall like cauliflower, broccoli, cabbage, watercress, radish, etc., — can help improve the health of adolescent girls living in Uttar Pradesh villages. A research project “Microgreens value addition for advancement towards … Read more
Vivo has announced its plans to expand its portfolio of 5G smartphones with the launch of the Vivo V25 5G in India. Vivo V25 will feature a colour-changing fluorite AG glass design and 8GB of extended RAM The company shared two teasers for the upcoming smartphone on social media, which included a link to the … Read more
The US Senate Judiciary Committee scrapped a planned vote aimed at allowing news organisations to win more revenue from Alphabet’s Google and Meta‘s Facebook. “Today we held over the bill in the Judiciary Committee in part because a colleague was out and we needed his vote on one amendment,” said bill sponsor Senator Amy Klobuchar. … Read more
T-Mobile US, Inc. said that it had agreed to sell its wireline business to Cogent Communications Holdings, Inc. in a deal that would also see Cogent provide some services to the carrier for a fee. T-Mobile said it expected to record a pre-tax charge of about $1 billion in the third quarter of 2022 to … Read more
Meta Platforms Inc‘s Instagram is planning to drastically scale back its shopping features as it shifts the focus of its e-commerce efforts to those that directly drive advertising, the Information reported, citing an internal memo. Staff were notified that Instagram’s existing shopping page will eventually disappear, according to the report. Over the next few months … Read more