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Intel cuts jobs as crisis deepens
Intel has initiated significant layoffs, affecting thousands of employees across various divisions. New CEO Lip-Bu Tan had previously warned workers to expect these cuts as the company aims to streamline operations following years of declining sales and technical challenges. The layoffs will particularly impact the Intel Foundry division, which plans to cut 15% to 20%…
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U.K. overtakes U.S. and Japan as most attractive country to invest in
According to Deloitte’s latest survey of CFOs, Britain has surpassed the United States and Japan as the most attractive investment destination. The survey, which included responses from 61 of the U.K.’s largest companies, revealed that 13% of executives consider the U.K. very or somewhat attractive for investment. “These results reveal a shift in sentiment,” Richard…
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SEC and SolarWinds in preliminary deal to end cyber attack lawsuit
The U.S. Securities and Exchange Commission (SEC) has reached a preliminary deal with software company SolarWinds and its chief information security officer to end litigation tied to a Russia-linked cyber attack. The SEC, SolarWinds and Timothy Brown successfully petitioned a federal judge on Wednesday to stay court proceedings while paperwork for a settlement was finalized….
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Crypto deserves clear regulations, new SEC chair says
Paul Atkins, the new chairman of the Securities and Exchange Commission, has said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. In his first remarks since being sworn in, Atkins said: “Market participants engaging in this technology deserve clear regulatory rules of the road.”
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U.S. crypto developers targeted by North Korean cyber spies
North Korean hackers, part of the Lazarus Group, have established fake U.S. companies – Blocknovas and Softglide – to deceive cryptocurrency developers with fraudulent job offers, aiming to infect them with malware. Silent Push, a U.S. cybersecurity firm, identified these fronts, noting their violation of U.S. and U.N. sanctions, while the FBI seized Blocknovas’ domain…
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Meta faces legal action from French media firms
A coalition of 67 French media companies, including TF1, France TV, and BFM TV, has filed a lawsuit against Meta in Paris, alleging that the tech giant’s dominance in digital advertising stems from illegal practices including the mass collection and use of personal data for targeted ads. The legal action, backed by 200 publications and…
