Business articles

Musk lays foundation of first Tesla plant in China

Beijing: As the US-China trade talks began, electric car maker Tesla CEO Elon Musk on Monday laid the foundation of a Tesla Gigafactory in Shanghai — the first-ever outside the US — that is expected to produce 500,000 electric vehicles per year and double the production capacity of Tesla. Musk attended the ground-breaking ceremony of Tesla

Apple provided users’ data on Indian government requests

New Delhi: The Indian government asked Apple to provide information regarding 27 devices and 18 accounts in the January-June 2018 period, with the company providing data in most of the cases owing to an iTunes Gift Card fraud investigation. The number of requests from India — in various formats such as subpoenas, court orders, warrants or

Marriott faces lawsuits as experts warn 500 mn affected customers

San Francisco: After customers in the US sued global hotel chain Marriott for exposing their data with one class-action lawsuit seeking $12.5 billion in damages, cyber security experts on Monday asked nearly 500 million affected customers globally to change passwords and take other precautions. According to a report in ZDNet on Monday, the lawsuits were filed

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NEW KIDS ON THE BLOCK

On the Facebook page of One & Half, you will see photos of quotes on life which instantly draw likes from patrons. For chef and owner Ayanav Eddie Dhar, that is a drill he likes to follow as he sets up his day. The writings on the wall convey beautiful thoughts. “Sometimes you see something

elon-musk

Elon Musk agrees to step down as Tesla Chairman

New York: Coming under pressure from his lawyers and investors of Tesla, tech billionaire Elon Musk has agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the US stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges. The

Wipro techies run in 125 cities across 34 countries

Bengaluru: Thousands of techies of Indian software major Wipro ran in a marathon it conducted on Sunday in 125 cities across 34 countries the world over to uphold its core values. “Thousands of our employees, their families and friends, alumni, customers, partners and suppliers participated in the ‘Spirit of Wipro’ the world over,” said the city-based

Trade should be propeller of peace: Jack Ma

Hangzhou: Alibaba chairman Jack Ma said efforts should be made to promote the healthy development of China-US trade even though it is hard to fulfill his previous promise of creating 1 million jobs for the United States under current circumstances. In an exclusive interview with Xinhua on Tuesday, Ma said his promise was based on friendly

ITU releases guide for cybersecurity strategy guide

Durban: A national cybersecurity strategy guide was released on Tuesday on the sidelines of the International Telecommunication Union (ITU) Telecom World 2018 in Durban, South Africa. Released by the ITU, UN, private sector, academia, civil society, the guide is meant to assist countries in the development and implementation of national cybersecurity strategies, including cyber-preparedness and resilience,

Google turns 20, to keep building products for everyone

San Francisco: Google that came into existence 20 years back with its first product Search engine from a garage today has seven products that are used by more than a billion people every month. The exact date of the company’s founding is up for debate — even for those who are in the business of providing

Apple to repair defective iPhone 8 logic boards for free

San Francisco: Apple has launched a free repair programme for iPhone 8 handsets that were sold between September 2017 and March 2018 with a manufacturing defect in the “logic board” which has been causing unexpected restarts, frozen screens and issues with the device turning on. The “logic board” is the main circuit board consisting of the

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