Samsung Electronics forecasts huge jump in operating profit

Seoul: South Korean tech giant Samsung Electronics forecast a 53.37 per cent rise in second-quarter operating profit Wednesday, thanks to strong chip prices and operations resuming at a key US factory after a shutdown. The world’s biggest smartphone maker said in an earnings estimate that it expected operating profit of around 12.5 trillion won for […]

Infographic: Recent worldwide ransomware attacks

Ransomware gang REvil has demanded that software provider Kaseya pay $70 million in bitcoin to release information locked in a hack on between 800 and 1,500 businesses worldwide. Ransomware is malicious code that uses encryption to perpetually block an organisation’s critical data in the hope of extorting a hefty ransom. A growing preference for “double-extortion” […]

Tesla Model S Plaid catches fire in US

Elon Musk-owned Tesla’s Model S Plaid caught fire, this week, in Haverford, Pennsylvania, while the owner was at the wheel, the media reported. The car owner’s attorneys told CNBC that he noticed smoke coming from the back of his 2021 Model S Plaid and tried to unlock and open the doors but had to force […]