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Italy has indicated that it is willing to amend its “golden power” laws, which allow the government to intervene in strategic corporate deals. The proposed change comes as the European Commission considers disciplinary action against Rome for how it applied the rules, especially in blocking a major bank merger between UniCredit and Banco BPM. Italian…
A U.S. company with direct links to global telecom giants has revealed that it suffered a prolonged state-sponsored cyberattack. Ribbon Communications, based in Texas, provides critical voice and data-routing services to major carriers such as Verizon, Deutsche Telekom and SoftBank Group. Its October 10-Q filing shows that hackers linked to a foreign state gained access…
A key US regulatory agency has voted to significantly tighten restrictions on Chinese technology companies that are deemed to pose a threat to national security. This move marks a major escalation in the ongoing technological and geopolitical rivalry between the US and China. The Target of the Restrictions The new rules likely target Chinese companies…
The United States government has announced serious charges against a corporate executive. The individual is accused of engaging in espionage by selling highly sensitive information to Russia. The alleged payment for these secrets totaled $13 million. The executive was reportedly employed at a major firm within the aerospace or defense industry. The secrets sold are…
