After a data breach, the US Department of Energy was asked for ransom twice

A representative for the United States Department of Energy said on Friday that the agency had received ransom demands from the Russia-linked extortion gang Cl0p at its nuclear waste plant and the scientific education institutions that had been compromised in a recent global hacking campaign.

NEW PROGRAMS OF US-JAPAN EDUCATIONAL EXCHANGE TO BEGIN SOON

HIGHLIGHTS

• MOFA and DoDEA have forged a partnership for US – Japan educational exchange.
• The new educational and cultural exchanges, along with programs related to them are to begin soon.

With support from United States (US) em...

SMARTPHONE BRAND XIAOMI BLACKLISTED BY THE U.S.

Highlights

• US Department of Defense in a new list has targeted Xiaomi and now the American investors are refrained from placing their bets on the company

• The US had already blacklisted several companies including likes of Huawei and ZTE

• The compa...

VISA'S $5.3 BILLION PLAID ACQUISITION FALLS THROUGH

Highlights: 

• The US Department of justice was unhappy about Visa's fee charges for online debit 
• The failed deal will leave other fintech firms to develop online debit systems 

The planned acquisition of a Plaid, a fintech firm by ...

HONG KONG GOVERNMENT FLYING SERVICES IN USA BLACKLIST FOR HELPING CHINESE AUTHORITIES TO TRACK 12 ON A BOAT

HIGHLIGHTS

• Hong Kong’s government Flying Services, which was accused to help find the boat of activists fleeing this summer, has been blanketed on a US blacklist as a part of new sanctions against Chinese authorities

The 77 entities were ...

APPLE INC WILL PAY $113MN TO SETTLE ALLEGATIONS OF INTENTIONALLY SLOWING DOWN iPhones

Highlights

• Apple Inc will be paying a sum of $113 million in order to settle allegations from 33 U.S. states and the District of Columbia 

• Taking action against Apple, states accused Apple of acting deceptively and said that it should have replaced batteries...

1MDB SCANDAL: GOLDMAN SACHS WILL PAY OVER $2 BILLION TO SETTLE U.S. CHARGES

Highlights

• According to the reports, Goldman Sachs Group Inc will agree to pay over $2 billion this week to settle U.S. charges over its role in Malaysia’s 1MDB corruption scandal

• Under the agreement with the U.S. Department of Justice and other regulators,...

KOREAN SEMICONDUCTOR MARKET HIT HARDEST AMIDST US-CHINA TECH WAR

With the latest US sanctions on China’s Huawei taking effect Tuesday, South Korea has accelerated monitoring the impact of the ban on chip sales to the Chinese company.

According to data by Korea International Trade Association, China was the largest market f...

860,000 JOBLESS CLAIMS IN LAST WEEK: THE U.S. DEPARTMENT OF LABOR

Highlights

• Last week’s jobless claims remained below the psychological 1 million mark and this is an encouraging sign

• The federal reserve on Wednesday decided to keep monetary policy loose for the immediate future and also make no changes to the interest ra...

US: NORTH KOREA STEALS $100 BILLION WORTH OF CRYPTOCURRENCIES; CHINA HELPS LAUNDER IT

Highlights:

•        Cryptocurrencies were stolen from two virtual exchanges

•        US files to seize all 289 accounts from where the funds were stolen from

North Korea and the Chinese ...

FCPA INVESTIGATIONS INVOLVING NOVARTIS RESOLVED

HIGHLIGHTS

• Novartis has reached settlements with DOJ and SEC regarding investigations against it.
• With the settlements reached, the investigations against Novartis come to a close.
• The settlements cover the fines that Novartis and its subsi...