Tag Archives: firms

Ransomware Group REvil Strikes Again, Demands $70M in Bitcoin From 200 US Firms

Associated Press Scale, details of massive Kaseya ransomware attack emerge Cybersecurity teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some details emerging about how the Russia-linked gang responsible breached the company whose software was the conduit. An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a Memorial Day attack, infected thousands of victims in at… Source link

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Danish media firms join forces to seek payment deal with Facebook, Google

COPENHAGEN, June 28 (Reuters) – Denmark’s media industry is banding together to negotiate payments for news with Google and Facebook, the first attempt in Europe to collectively pursue claims with the tech giants. Representatives of 29 Danish media companies, including state broadcaster DR, partly state-funded TV2, as well as most major newspaper publishers, will gather on Friday for their first meeting. “We believe that a collective management of our rights will make for the best and most… Source link

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Biden order to ban investment in 59 Chinese defense and tech firms

By Michael Martina WASHINGTON, June 3 (Reuters) – The Biden administration will issue a new executive order on Thursday that bans U.S. entities from buying or selling publicly traded securities for 59 Chinese companies with alleged ties to defense or surveillance technology sectors, senior administration officials said. The Treasury Department will enforce and update on a “rolling basis” the new ban list, which replaces one from the Department of Defense, the officials, noting the policy would… Source link

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UPDATE 1-Ethereum extends gains to rise 8%; bitcoin firms – Yahoo Finance

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

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Ethereum extends gains to rise 8%; bitcoin firms

Bloomberg This Time Is Different: Outside OPEC+, Oil Growth Stalls (Bloomberg) — “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be.For the first time in decades, oil companies aren’t rushing to increase production to chase rising oil prices as Brent crude approaches $70. Even in the Permian, the prolific shale basin at… Source link

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Apple, Google Privacy Shift Helps Ad Firms Recover from Pandemic

Moves by Apple Inc. and Google that make it harder for brands to track billions of consumers are creating a money-making opportunity for advertising companies that were hit hard by the pandemic. Google is phasing out third-party online tracking cookies and Apple is requiring app owners to ask for explicit permission to track users across other companies’ apps. The changes make it harder for companies to follow our every move online, so marketers are devising new ways for brands to find out… Source link

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Russian Tech Firms Yandex, Mail.ru Group, Ozon, Wildberries to Establish Fintech Businesses that may Compete with Incumbents

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. Nasdaq-listed Yandex, which was in negotiations to acquire Russia’s digital bank Tinkoff (but the deal failed), has now decided to continue its focus on Fintech so it can offer some type of financial services via mergers and acquisitions or some… Source link

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Hertz set to ride out of bankruptcy with $4.2 billion from investment firms – Yahoo Finance

Bloomberg Hertz to Sell to Knighthead, Certares to Exit Bankruptcy (Bloomberg) — Hertz Global Holdings Inc. received a bid from Knighthead Capital Management and Certares Management to purchase the rental-car company out of bankruptcy for as much as $4.2 billion, according to court documents.Under the plan, Knighthead and Certares would take control of Hertz when it emerges from its Chapter 11 reorganization, with the final value of the deal dependent on how much existing lenders participate… Source link

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Australian media firms squeeze more from Google as new law looms

By Byron Kaye SYDNEY (Reuters) – Australia claimed an early win in a protracted licencing battle with Google on Wednesday as media companies lined up to announce content deals with the internet giant that were reportedly far more lucrative than their global rivals. A month after the Alphabet Inc-owned company threatened to shut down its search engine in Australia to avoid what it called “unworkable” content laws, the country’s two largest free-to-air television broadcasters have struck deals… Source link

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Google Nears Deals With Major Australian News Publishers As Lawmakers Debate Plans To Make Firms Pay For News

Topline Google is close to inking commercial deals with several major Australian media outlets including ABC, Nine Entertainment, and Guardian Australia, following the announcement of a deal with Seven West Media on Monday, as the company attempts to back down from threats to shut down its search engine in the country over legislation that would force Google and Facebook to pay domestic media companies for news. Google is set to ink deals with several major Australian… Source link

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