TRADE SECRETS
Uyghur-American politician calls out China's alleged trade in 'Halal Organs'
In March, during a US congressional committee hearing, experts had claimed that Chinese authorities had gathered genetic information from the Muslim Uyghur minority, with the aim of supporting a forced organ transplant programme targeted at attracting Muslim medical tourists from Gulf states.
TCS fined Rs 1,600 crore by US court for misappropriation of trade secrets
Tata Consultancy Services (TCS) was ordered by a U.S. court to pay a total of $194.2 million (around Rs 1,600 crore) in a lawsuit filed by Computer Sciences Corporation (CSC), now DXC Technology Company (DXC). The lawsuit, filed five years ago, alleged that TCS stole CSC's trade secrets.
US court levies $194 million penal charges on TCS for misappropriation of trade secrets
A US court ruled TCS liable for misappropriation of trade secrets, penalizing around USD 194 million. TCS to appeal. Ordered to pay damages and face injunctions, but expects no major financial or operational impact.
Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says
Yemen's Houthi rebels launched missile attacks on two ships in the Gulf of Aden. The first target was the Antigua- and Barbuda-flagged cargo ship Norderney, which was hit by two anti-ship ballistic cruise missiles, causing a fire that was extinguished by the crew. The second target was the Liberian-flagged, Swiss-owned container ship Tavvishi, which sustained damage but continued its journey. A coalition warship intercepted a second missile aimed at the Tavvishi.
China says Britain's MI6 turned two Chinese govt staff to spies
China accuses MI6 of turning Chinese state organ staff into spies, including a married couple, for British government. Case under investigation amid ongoing spying accusations between China and Britain.
Boeing hit with $72 million verdict in EV aircraft trade secrets case
Zunum Aero wins $72 million in trade secrets case against Boeing in Seattle. Boeing copied Zunum's technology, leading to $81.2 million award. Jury also awards $11.6 for tortious interference.
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High-speed traders pile into big short on volatility in India
While the high-speed traders sell options, long-only funds and retail investors buy contracts to make speculative bets or protect themselves against sudden market drops and are often on the other side of the trade, the people said.
Power of Patience: The secret to crypto investment success
The other approach is to let time do its magic because just like other asset classes, the power of compounding can create outsized returns and reward the patience of crypto investors.
Cryptocurrency Price on May 13: Bitcoin holds above $61.1k; Solana, Dogecoin decline up to 5%
As of 11:50 a.m., Bitcoin was trading marginally higher at $61,150, while Ethereum experienced a 1.15% drop to $2,889. Additionally, altcoins like Solana (-5.2%), XRP (-2.6%), Dogecoin (-3.9%), Shiba Inu (-3.6%), Cardano (-2.7%), and Avalanche (-4%) followed suit in the downward trend.
Quant Investing pioneer Jim Simons dies at 86
Jim Simons, a mathematician-investor who created the world's greatest moneymaking machine at Renaissance Technologies, has passed away at the age of 86. Simons eschewed standard practices of money managers in favor of quantitative analysis, finding patterns in data that predicted price changes. His technique was so successful that he became known as the Quant King.
Ex-Jane Street trader pillories claims he stole trade secrets
Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that he and a fellow defector, Daniel Spottiswood, cost the company more than $150 million in profits between February and March when they went to work for rival Millennium.
D-Street options under spotlight on US trading firm's $1 billion money-spinning strategy
Jane Street, which claims to trade in different asset classes at more than 200 venues in 45 countries through its five global offices, is fighting a case against two former employees and Millennium Management.
Jane Street's $1-billion trade puts the spotlight on Indian options
Wall Street has been riveted by the trading firm's suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and "immensely valuable" trading strategy. The strategy's focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
The al Qaeda plot to kill Bill Clinton that history nearly forgot
President Bill Clinton and First Lady Hillary Clinton narrowly avoided an assassination attempt during the Asia-Pacific Economic Cooperation summit in Manila in November 1996. Al Qaeda operatives, including Ramzi Yousef, had planted a bomb on the motorcade route. The Secret Service foiled the plot by switching to a back-up route, preventing a potentially deadly attack.
US weighs sanctioning Huawei’s secretive Chinese chip network
The companies that could be blacklisted include chipmakers Qingdao Si’En, SwaySure, and Shenzhen Pensun Technology Co., or PST, the people said, asking not to be named because they weren’t authorized to discuss non-public information. Biden officials are also weighing sanctions on China’s leading memory chipmaker, ChangXin Memory Technologies Inc.
Crypto Academy Episode 2: Founder Edul Patel speaks of strategies and secrets to build a $1000 crypto portfolio
Cryptocurrencies, driven by blockchain, offer financial opportunities. Crypto Academy educates on portfolio building. Manage risks, avoid FOMO, and learn continuously for successful crypto investments.
ETMarkets SME Talk: Kulbhushan Parashar shares the secret of turning SME companies into multibaggers
"The overall Indian economy in the last 2-3 years has seen a major shift in terms of investment and spending. As a significant portion of the population entered high-income zones, correspondingly liquidity in all fundraising channels has jumped."
Ex-Google engineer charged with stealing AI trade secrets while working with Chinese companies
Linwei Ding, a Chinese national, was arrested in Newark, California, on four counts of federal trade secret theft, each punishable by up to 10 years in prison.
Shahjahan Sheikh of Sandeshkhali: Unveiling the dark secrets of his meteoric rise
Shahjahan Sheikh, a key accused in sexual assault and land grab in Sandeshkhali, Kolkata, has been arrested after being on the run for 55 days. He was remanded to 10 days of police custody and has been removed from all party positions by the TMC. Sheikh's rise to power started during the Left Front rule and he later switched sides to join the TMC, where he played a crucial role in the party's victories.
Apple to settle trade secrets lawsuit against chip startup Rivos
The companies told the U.S. District Court for the Northern District of California that they had "signed an agreement that potentially settles the case," and that the agreement allows Apple to examine Rivos' systems and recover any confidential information.
Consumer awareness, social media put healthy snack brands on growth path
However, scaling these businesses beyond the niche markets while staying profitable presents a major hurdle. While their operating revenue might be booming, these brands, which sell products such as chocolate and protein bars, millets and dry fruits-based snacks, granola bars, oats, and breakfast cereal, also widened their losses during the year.
Market Wonderland: Unwrapping smallcap secrets of Dalal Street
Currently, the Indian stock markets are trading at lifetime high levels setting a perfect stage for the eagerly awaited Santa Claus rally.
Israel and Hamas working toward new truce, hostage deal
Hopes increased on Wednesday for a potential truce and release of hostages between Israel and Hamas in the Gaza war. Israeli Prime Minister Benjamin Netanyahu informed relatives of the remaining 129 captives that the head of Mossad had been sent to Europe twice to facilitate efforts to "free our hostages."
Video call screensharing error gets Nvidia sued over 'stolen trade secrets'
Automotive technology company Valeo has sued graphics chip giant Nvidia after a video call screen-sharing between the two companies showed 'stolen' data from Valeo, accusing Nvidia of having saved hundreds of millions of dollars from those "stolen trade secrets".
What is Amazon's secret pricing strategy and what is the FTC lawsuit alleging cost manipulation tactics?
In the ongoing Federal Trade Commission (FTC) legal battle against Amazon over alleged antitrust violations, a surprising revelation has come to light. Newly disclosed court documents reveal that Amazon had a hidden strategy to artificially raise prices, resulting in over $1 billion being collected from American households.
Amazon made $1 billion through secret price raising algorithms: FTC
The $1 trillion company monitored its sellers and punished them if they offered lower prices on other platforms, the FTC said.
Chip startup Rivos says Apple intimidates workers who ‘dare to leave’
Apple accused the startup and the employees in a lawsuit of luring away its engineers and stealing proprietary information used to develop its homegrown chip designs.
Huawei is building secret network for chips, trade group warns
The Chinese tech giant moved into chip production last year and is receiving an estimated $30 billion in state funding from the government, the Semiconductor Industry Association said.
Huawei is building secret network for chips, trade group warns
The U.S. Commerce Department had added Huawei to its export control list in 2019 over security concerns. The company denies being a security risk.
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