Category: News
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India ed-tech firm Byju’s founder faces reckoning as startup implodes
NEW DELHI — Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran’s eponymous Byju’s online coaching firm rests with India’s courts after the country’s biggest startup, once loved by global investors who valued it at $22…
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India’s battery storage industry grows
BENGALURU, India — At a Coca-Cola factory on the outskirts of Chennai in southern India, a giant battery powers machinery day and night, replacing a diesel-spewing generator. It’s one of just a handful of sites in India powered by electricity stored in batteries, a key component to fast-tracking India’s energy transition away from dirty fuels. The…
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Australia warns of ‘malicious websites’ after cyber outage
sydney — Australia’s cyber intelligence agency said on Saturday that “malicious websites and unofficial code” were being released online claiming to aid recovery from Friday’s global digital outage, which hit media, retailers, banks and airlines. Australia was one of many countries affected by the outage that caused havoc worldwide after a botched software update from CrowdStrike. On Saturday, the Australian Signals…
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Faulty software update causes havoc for airlines, hospitals, governments worldwide
WELLINGTON, New Zealand — A faulty software update caused technological havoc worldwide Friday, grounding flights, knocking down some financial companies and news outlets, and disrupting hospitals, small businesses and government offices. The breadth of the outages highlighted the fragility of a digitized world dependent on just a few providers for key computing services. The trouble…
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Australia plans to build secret data centers with Amazon
SYDNEY — Australia said Thursday a $1.35 billion deal with U.S. technology giant Amazon to build three secure data centers for top-secret information will increase its military’s “war-fighting capacity.” The data centers are to be built in secret locations in Australia and be run by an Australian subsidiary of the U.S. technology company Amazon Web Service,…
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Silicon Valley steps up screening on Chinese employees to counter espionage
Washington — Leading U.S. technology companies reportedly have increased security screening of employees and job applicants, which experts say is necessary to counter the cyber espionage threat from China. While the enhanced screening is being applied to employees and applicants of all races, those with family or other ties to China are thought to be particularly…