Displaying items by tag: global
Global ride-hailing firm Uber has projected a more measured valuation ahead of its IPO debut on the New York Stock Exchange later this week.
Facebook revealed that it has kept a record of hundreds of millions of user passwords in plain text.
The social media giant’s Vice President of Engineering, Security and Privacy, Pedro Canahuati, wrote in a blog post that hundreds of millions of Facebook Lite users will be notified about this and so will the millions of Facebook and Instagram users.
Facebook Lite is a version of Facebook which is used in areas with weak connectivity.
According to Canahuati the mistake they made was noticed in January but did failed to comment on why an announcement wasn’t made about the issue at the time. Instead, the announcement came over two months later.
“As part of a routine security review in January, we found that some user passwords were being stored in a readable format within our internal data storage systems,” said Canahuati.
He also stated that the passwords which were stored were never visible to anyone outside Facebook and that they were not abused or improperly used by any of the staff.
“This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable.
We have fixed these issues and as a precaution we will be notifying everyone whose passwords we have found were stored in this way.”
Chinese telecommunications behemoth Huawei has moved swiftly to terminate the contract of an employee who has been arrested in Poland amidst claims he was spying for China.
Huawei executive Wang Weijing was detained by Polish authorities on Friday, following a lengthy investigation that was conducted by Poland’s special services. It is believed that Weijing is a director for the Polish branch of Huawei.
It’s the latest setback for Huawei’s brand globally following the high-profile arrest of the vendors’ CTO, Meng Wanzhou in Vancouver in December. She is fighting extradition to the US, where she stands accused of fraud relating to business activity in Iran.
The Chinese vendor robustly defended its CTO following her arrest and demanded her immediate release from jail. However, Huawei has wasted no timing in trying to distance itself from this latest scandal in Poland by announcing it has fired the employee in question for harming the company’s global reputation.
In a statement given to the Global Times, Huawei said that Wang Weijing was arrested for ‘personal reasons’ and said the incident caused significant damage to the company at a time when it’s under intense scrutiny regarding security.
Huawei cited management rules in company contracts and said it was left with no decision but to terminate its employer relationship with Wang Weijing immediately. Poland has claimed that they firmly believe the Huawei executive was spying for China.
China’s Foreign Ministry responded quickly to the claims made by Polish authorities and expressed that it was ‘highly concerned’ by the arrest. The latest controversy is something Huawei really could’ve done without.
US President Donald Trump is expected to issue an executive order which would ban US companies from working with Chinese vendors ZTE and Huawei over the alleged risk both pose to national security.
In addition to this, Australia and Japan have blocked Huawei from participating in the construction of their super-fast 5G networks, whilst the UK and New Zealand are also considering banning the vendor from the rollout of its 5G networks.
EU spokeswoman Maja Kocijancic refused to "speculate" when asked Friday if there were any concerns about Chinese retaliation.
"We are aware of the reports and we will be indeed in touch with the Polish authorities for further information," she told reporters.
The World’s largest mobile operator has announced its intentions to double its VoLTE user base by the end of 2017. Chairman of China Mobile, Shang Bing made the announcement during his keynote address at Mobile World Congress Shanghai. (MWCS 2017)
Bing declared that China Mobile would increase its VoLTE customer base from 86 million to 150 million by the end of December – and that its overall VoLTE penetration would reach 17%. In addition to this, it was disclosed that the telecommunications colossus has launched VoLTE in 313 cities across China.
China Mobile’s Chairman also claimed that the operator’s mobile 4G user base will reach 620 million by the end of 2017 – with overall 4G penetration hitting a staggering 72%. It has been reported that the China Mobile has invested an estimated CNY450 billion ($66 billion) in the last three years to construct the world’s largest 4G network. Its 4G customer base reached 583 million in May of this year – with penetration rates standing at 67.5%. In broad terms it means that basically one in four 4G users in the entire world is a China Mobile customer.
Bing said: “We’ve deployed 1.6 million 4G base stations which accounts for about 30% of the global total. Our 4G coverage will reach 99% of the population by the end of the year – and our LTE base station will rise to 1.77 million.”
He conceded that after an initiative pursued by the Chinese government overall mobile phone bills fell by around 60% in 2015, and that household monthly broadband fees declined from CYN51 to CYN32.7. Bing added: “Our cost-reduction initiatives have boosted information consumption and the information economy.”
He concluded by announcing that the operator aims for its broadband coverage to reach 70% of households by the end of 2017, with fiber making up about 90% of the market.
Samsung have announced that they have recalled 90% of the faulty smartphones it sold in South Korea. Samsung were forced to have a global recall of its Galaxy Note 7 units in September - after batteries in the devices began to catch fire, and in some instances actually self-combusted.
Initially, Samsung said they would replace the phone for a new model with a different battery. However, it quickly emerged that the replacement phones were also overheating and catching fire –which subsequently led to Samsung’s global recall of the Galaxy Note 7 which inevitably had a negative impact on the organization with profits suffering.
However, the company has revealed that it has now recalled 850,000 units out of the 950,000 units sold in South Korea – which represents a figure of 90%. An investigation into what caused the phones to combust and go on fire has been launched, but thus far, it hasn’t been established as to what occurred. The retrieval of fire-prone Galaxy Note 7 smartphones in Europe and the US also surpassed the 90% mark.
In a statement Samsung revealed that it is considering software upgrades to further limit the battery-charging capability – and in addition to this, it is also weighing up the option of an upgrade of the software patch the firm released in October to limit the maximum charging capability of Note 7 to 60 per cent.
Exchange and refunds of the fire-prone phones will continue in South Korea until next month, but benefits and favours from the replacement are scheduled to end by the end of this month.
The company is keen to establish the design flaw that caused phones to explode, so it can completely avoid making the same mistake on future models like spring's Galaxy S8 and next fall’s Note8. Stakeholders will be hoping Samsung’s new models can wow consumers in an effort to reset buyer’s memories for what happened with the Galaxy Note 7 smartphones.
A recent report by Reuters suggests that Nokia could be letting go of 10,000 to 15,000 employees from its offices around the globe as part of its global redundancy program announced last month. In April, it was reported that Nokia had cut 1,300 jobs in Finland (later confirmed to be 1,032) and 1,400 jobs in Germany.
According to a statement by Nokia in April, the cause of the job cuts is related to the Alcatel-Lucent deal. Most of the employee reductions came as a result of areas employee overlapping, such as research and development (R&D), regional and sales organizations, as well as corporate functions. Nokia is reportedly shifting its resources to 5G, the cloud and the Internet of Things (IoT), which could also be attributed to the cuts.
A source close to Nokia, Ristro Lehtilahti, a trade union shop steward at Nokia’s Oulu site, said: “We haven’t heard any official numbers, but based on the information from our union contracts, I would estimate the global impact of this round would likely be around 10,000 to 15,000 jobs,” adding that he feared Nokia would roll-out more cuts at a later stage.
Tuula Aaltola, another Nokia shop steward, said “some work will be completely terminated, some cuts come from Alcatel overlaps, and some work will be transferred to countries with lower costs.” The report by Reuters says that Nokia employs about 104,000 people around the world and is currently speaking to employee representatives in around 30 countries.
Upon request for comment, Nokia released a statement to Mobile World Live, saying: “Nokia has not given out any global figure. This is a global process with many moving parts in many countries, so we don’t have an overall figure to share.”
Earlier in May, Nokia released its Q1 financial figures, revealing a decline in revenue, which CEO Rajeev Suri described as “disappointing”. The decline was apparently due to Nokia’s Mobile Networks unit, “where the challenging environment is not a surprise,” said Suri. In October, Nokia announced a target of €900 million in operating cost synergies to be achieved by 2018, but no redundancies were mentioned at the time.