Ongoing racial tensions and economic instability will leave Western democracies too weak to defend themselves against mass disinformation and cyber attacks from autocratic regimes, warns retired U.S. Army Major General John Davis. The former major general named China, Russia, Iran, and North Korea as some of the key aggressors waging information and cyber warfare on…
Autocracies Helping Western Societies ‘Tear Themselves Apart’: Retired US General
November 17, 2022
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AustraliaChinaChina-Australia RelationscyberattackdisinformationInfiltrating the WestInternational RelationsJohn DavisNational SecuritySpecial TopicsTechTech NewsUSUS ArmyUS NewsUS-China relationsWorld
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TikTok, Social Media Outlets Voted Least Ethical in Australia: Report
November 17, 2022
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AustraliaBusiness & MarketsChinaClare O'NeilCompaniesGovernance Institute of AustraliaInternationalMedia & Big TechSocial MediaTechTech NewstechnologyTikTokWorld
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In a strong sign of low confidence in Big Tech, Australians have voted TikTok the least ethical organisation of the year followed by Facebook, Twitter, and Instagram. According to the Ethics Index 2022 (pdf) published by the Governance Institute of Australia, the nation’s overall ethics score fell for the second year in a row from…
FTX Used Corporate Funds to Buy Homes in the Bahamas, Bankruptcy Documents Show
In another example of financial impropriety, FTX was discovered to have used corporate funds to buy homes in the Bahamas and other personal items in the names of employees and company advisors, according to new court documents. In a 30-page bankruptcy declaration to the United States Bankruptcy Court for the District of Delaware (pdf),…
New FTX CEO Blasts Sam Bankman-Fried for ‘Complete Failure’ of Corporate Controls
John Ray, who replaced Sam Bankman-Fried as CEO of crypto platform FTX, said in a new court filing that in his decades of experience overseeing some of the biggest bankruptcies ever, he had never seen anything as bad as FTX, including a “complete failure of corporate controls.” Ray, who once led the infamous energy firm…
Elon Musk Says He Will Run Twitter ‘Until It Is In a Strong Place’
Billionaire Elon Musk, who recently acquired Twitter, has indicated that he is open to the company being led by another person. While testifying at a Delaware court defending his $56 billion pay package at Tesla Inc. on Wednesday, Musk revealed that he intends to cut down his time at Twitter and eventually find someone else…
Which Country Makes the Most Advanced Microchips?
November 17, 2022
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advanced chipBusiness & MarketsCompaniesmicrochipsmicrochips in the worldTechTech Products & Reviews
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Microchips, also known as semiconductors, have become an essential part of everyday technology, and are utilized in almost every electronic device, from smartphones to computers and medical equipment. In 2020, more than 932 billion chips were manufactured around the world, while in 2021, roughly 1.15 trillion semiconductor units were shipped across the globe. However, increased demand for…
The Rise and Fall of FTX and Sam Bankman-Fried
The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…
The Rise and Fall of Sam Bankman-Fried’s Crypto Empire
November 17, 2022
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Business & MarketsChinaCompaniescryptocurrecycryptocurrencyFTXInvestmentMarketsSam Bankman-FriedTech
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The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…
G-20 Promotes WHO-Standardized Global Vaccine Passport and ‘Digital Health’ Identity Scheme
November 17, 2022
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Business & MarketsCCP Virusdigital IDG20global vaccine passportInternationalTechTech NewsVaccines & SafetyWorld
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Leaders of the Group of 20 (G-20) have issued a joint declaration promoting a global standard on proof of vaccination for international travel and calling for the establishment of “global digital health networks” that build on existing digital COVID-19 vaccine passport schemes. The joint statement followed the conclusion of the G-20 summit held in Bali,…
Musk Says He Expects to Find a New Twitter CEO ‘Over Time’
NEW YORK—Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by…
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