Category: NEWS

G Electronics Inc. (LG) second-quarter 2020 financial results were affected significantly by the worldwide impact of the pandemic. Consolidated revenue of KRW 12.83 trillion (USD 10.51 billion) was 17.9 percent lower than the same period of 2019 while operating profit of KRW 495.4 billion (USD...

The tech giant Samsung announced KRW 52.97 trillion in consolidated revenue and KRW 8.15 trillion in operating profit for the second quarter ended June 30, 2020. Even as the spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, the...

With heightened threats during COVID-19, the Internal Revenue Service and Security Summit partners today called on tax professionals to select multi-factor authentication options whenever possible to prevent identity thieves from gaining access to client accounts. Starting in 2021, all tax software providers will be required to offer...

The pandemic has completely changed the way we live. It forces us to stay at home. We’re juggling work, life, kids and the state of the world today. This has been a particularly tough situation for parents, who need to look after their kids while...

Digital banking app and tech unicorn Dave.com confirmed today a security breach after a hacker published the details of 7,516,625 users on a public forum. In an email to ZDNet today, Dave said the security breach originated on the network of a former business partner, Waydev, an analytics platform used by...

TikTok has blocked a number of hashtags related to the QAnon conspiracy theory from appearing in search results, amid concern about misinformation, the BBC reported. The video sharing app has blocked the terms “QAnon,” “QAnonTruth” and the related phrase “Out of Shadows,” which are used...

LG Electronics will offer free repair of TV power boards in South Korea due to a possible heating risk, Yonhap News reports. The South Korean tech firm said it will replace power board components for 18 OLED TV models, including the OLED 65G8 and the OLED...

Brazil’s central bank will authorize a payments system involving Facebook Inc’s (FB.O) WhatsApp messaging service, to send money and make payments via chats, as long as all rules are respected, director Joao Manoel Pinho de Mello said on Monday, Reuters Reported. “We view the entry...

IBM published second quarter financial results on Monday, reporting its second straight quarter of revenue declines despite beating expectations.  The business technology giant delivered non-GAAP EPS of $2.18 on revenue of $18.1 billion, down 5.4% year-over-year. Analysts were expecting earnings of $2.07 per share on revenue of...

Cloudflare is having an outage that is affecting many sites including Discord, BleepingComputer, and other. The issues started at around 5PM ET, and lasted nearly an hour. Patreon, Deliveroo, GitLab, Zendesk, Medium, and many other sites were also down, and Cloudflare acknowledged issues with its network affected...

The tech giant company Google will ban publishers from using its ad platform to show advertisements next to content that promotes conspiracy theories about Covid-19, CNBC reported. It will also ban ads that promote those theories. In cases where a particular site publishes a certain threshold...

TikTok says it has deleted about 29,000 coronavirus-related videos that broke its rules in Europe alone since the beginning of 2020. The video-sharing app says it does not allow misinformation that could harm an individual’s health or public safety. It said about 3,000 of them...

The streaming giant Netflix on Thursday announced that Ted Sarandos will serve as co-CEO alongside co-founder and CEO Reed Hastings. Sarandos, a 20-year Netflix veteran, will also hold onto his title of Chief Content Officer and is joining the Netflix board of directors.  “Ted has been my...

Video sharing platform TikTok has been fined by a South Korea regulator for mishandling child data.  The Korea Communications Commission (KCC) has fined the company for 186 million won or roughly 155,000 US Dollars. The fine it has imposed on TikTok is due to the...

The tech giant company Google is investing INR 75,000 crores (approximately US$10 billion) to advance India’s digitisation over the coming 5-7 years. Announced in a blog post, Google outlined a $10 billion investment in India’s digitization over the next five to seven years with its...

Samsung has confirmed that it will host a launch event on August 5, which will see the debut of the Galaxy Note 20, and, as expected, it will be online-only. The event will take place on Wednesday, August 5th, at 10AM ET. The company is...