US tech giants plan to fight India’s data localization plans

Saturday, 18 August 2018

US technology giants plan to intensify lobbying efforts against stringent Indian data localization requirements, which they say will undermine their growth ambitions in India, sources told Reuters. US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India’s push to store data locally. That push comes amid rising global efforts to protect user data but is one that could hit planned investments by the firms in the Indian market, where the ...

FBI warning: ‘ATM cash-out’ hack could see millions withdrawn from banks

Wednesday, 15 August 2018

The FBI has issued a warning to all banks worldwide that a scheme known as “ATM cash-out” will be carried out by cybercriminals, in which they aim to hack a bank account using cloned cards to withdraw millions of dollars. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ...

Dubai ruler says self-driving cars to be on emirate’s roads ‘in near future’

Tuesday, 14 August 2018

Dubai ruler Sheikh Mohammad Bin Rashid Al Maktoum has said on his personal Twitter account that self-driving passenger cars will be present on UAE roads in the near future. “Today we have adopted a strategy for self-driving transport. By 2030, 25 per cent of all transportation trips in Dubai will be smart and driverless. The strategy is projected to generate economic revenues and savings of up to Dh22 billion a year,” he said. Dubai’s Roads and Transport Authority (RTA) are ...

Dubai releases plans for ‘world’s largest retail space’ worth $2 billion

Monday, 13 August 2018

Dubai has unveiled plans for a "mega mall" which aims to be the largest leasable retail space in the world. According to CNN, the $2 billion project, based in the Dubai Creek Harbour, will be twice the size of Dubai Mall, currently the largest mall in the Middle East. The 8 million square feet of retail space will be able to host shows and concerts on a stage with 3D projection mapping. It will offer customers with a cinema, water park and sports arena for entertainment. According to ...

Dubai to launch ‘world’s first blockchain court’

Sunday, 12 August 2018

The Dubai International Financial Center (DIFC) courts will reportedly launch the world's first blockchain court. The aim of this project is to find out how blockchain is beneficial in verifying court judgements that are implied in courts other than DIFC, according to local media reports. Blockchain is an electronic transaction process. It gives people the ability to follow up with their information and verify everything themselves without the involvement of a third party. “By harnessing ...

Shares of India’s Jet Airways nosedive after earnings delay

Friday, 10 August 2018

Shares in India’s Jet Airways tumbled more than eight percent on Friday after the embattled airline failed to release its latest quarterly earnings as scheduled. Local media have raised concerns about India’s second-largest carrier, reporting it may cease flying in two months unless it makes major cost cuts. Jet Airways slid 8.04 percent in morning trade, a day after it told the Bombay Stock Exchange that it was delaying releasing its first-quarter results until an unspecified date, ...

Samsung unveils gaming-friendly Galaxy Note 9 to boost sales

Thursday, 9 August 2018

Samsung Electronics Co Ltd launched the Galaxy Note 9 “phablet” in New York on Thursday, promising better battery life and quick cooling to attract gamers and rejuvenate flagging sales. The focus on gamer-friendly features appears to be a shift away from Samsung’s previous positioning of the Note as a productivity-boosting device, and is an attempt to lure younger customers as the company’s smartphone sales falter. Samsung last month posted its slowest quarterly profit ...

Samsung plans $22 bln spending on new tech

Wednesday, 8 August 2018

Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison. Samsung said it will spend the sum, amounting to 25 trillion won, on increasing the number of artificial intelligence researchers to 1,000 at its artificial intelligence centers around the world, ensuring it will be ...

Saudi Aramco, Mazda, and AIST to develop advanced fuel efficient engine

Wednesday, 8 August 2018

Saudi Aramco Technologies Company, Mazda, and the National Institute of Advanced Industrial Science and Technology (AIST) announced on Wednesday a combined research program to develop advanced engines that are fuel efficient. Ahmad O. al-Khowaiter, Saudi Aramco’s chief technology officer said that the cooperative underscores a “shared commitment to delivering advanced technology solutions that make a significant impact on real-world issues, notably a sustainable, affordable mobility ...

Googlers bristle at censoring search for China: report

Saturday, 4 August 2018

Word that Google is crafting a search engine to meet China’s draconian censorship rules has sparked widespread employee anger at the company which has responded by limiting workers’ access to documents about the project, a report said Friday.Google was scurrying to stop leaks and quell outrage inside the company over what had been a stealth project prior to a report this week by news website The Intercept.“Everyone’s access to documents got turned off, and is being turned ...

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