Internet Giants to Affect Financial Industry’s Future

The recent report revealed that digital media companies could participate in creating the financial future. In the meantime they are unlikely to take over from traditional banks. The experts predict that even with the hype about digital giants like Apple or Google wiping out the largest banks, traditional banks will still continue to develop and have the edge over their rivals.

According to the report, the evolution of the web still evokes the questions about the continued viability of the companies working in retailing and financial areas. The experts explained that this is because online giants were regarded as the commercial entities of the future.

Largest Chinese Tech Giants Not Allowed into US

According to the American House of Representatives’ Intelligence Committee, they must shut Huawei out of the domestic market due to potential Chinese state influence on the companies, which may pose a security threat.

The position the United States has taken is the opposite of that in the United Kingdom, where Huawei cooperates with the UK intelligence agencies. The panel leaders of the United States have carried out an 11-month investigation of both entities due to the fears that China might spy on them.

Hackers Attacked Greek Sites

Well-known hacker collective Anonymous took down Greek government official sites right before the German Chancellor Angela Merkel was supposed to pay a visit.



It seems that Angela Merkel’s plan to visit Greece is likely to spark angry protests from the citizens who don’t approve of the way the Germany is demanding ever stronger austerity measures. Numerous news agencies were reporting yesterday of different government sites going offline late on Monday. The attacked authorities included the Ministry of Justice, the Citizens Protection Ministry, and the police.

Microsoft Demands Google to Block News Sites

The software giant appears to become censorship crazy – it is asking the search engine to remove links to news content. Microsoft has been dashing off censorship request to Google to remove BBC, Wikipedia, and CNN stories.

The number of DMCA takedown requests issued by the rights owners has rocketed within the last period and it seems that some of them are abusing the process. Actually, they may do it not on purpose: a lot of copyright owners prefer using automated systems to warn the search engine and other portals of the copyright violations, but this method doesn’t always work properly.

Facebook Can Face Legal Action in Australia

The largest social network in the world is having problems with the judicial system of Australia. The troubles flared after the arrest of the individual charged with the murder and rape of Melbourne woman.

The social network was accused of stuffing up the chances of a successful prosecution and the defendant's right to a fair trial. The matter is that Facebook hosted pages inciting hatred against the accused individual. This is why Victoria’s Attorney-General had to notify Facebook that the service could face legal action in the event of failure to remove content which could jeopardize legal trials.

WikiLeaks Founder to Sue Australian Prime Minister

Julian Assange, currently under investigation after two women claimed they were sexually assaulted by him, has decided to pay back and drag another woman into court with claims that she defamed him.

Although Julian Assange believes that it’s too dangerous to face criminal charges in court, he at the same time reckons that it’s absolutely safe for him to launch a lawsuit against Australian Prime Minister Julia Gillard for defamation.

Fate of the MegaUpload’s Users’ Data

Apparently, the judge is asking for more evidence to make a right decision on the question of what should happen to the data seized by the authorities from MegaUpload’s users. Fortunately, before making a final decision over the large amount of information that belongs to the former users of the cyberlocker MegaUpload, an American federal judge has requested more details in order to help him resolve the problem.

Actually, judge Liam O’Grady decided to hold another hearing in a bid to help him make a final decision because of The Electronic Frontier Foundation (EFF), who filled a motion seven months ago on behalf of Kyle Goodwin. The latter is a sports reporter from

Microsoft Co-Founder Baffled by New Windows OS

One of Microsoft’s founders, Paul Allen, had to admit that he was baffled by Windows 8, but later sorted the things out.

The man known for co-founding Microsoft along with Bill Gates admitted he found new Windows OS not easy to manage when first tried it. Paul Allen explained that he had been running Windows 8 Release Preview on his desktop and a Samsung 700T tablet when he faced a number of puzzling aspects of the operating system, including the dual, and sometimes dueling user interfaces.

Nokia Will Sell Its Finnish Headquarters

Nokia suddenly decided to sell its HQ in Espoo, Finland. Media reports say that this decision was part of the intention to get rid of non-core assets. Nokia’s representatives confirmed that their company is considering various options for non-core assets, including real estate holdings like headquarters.

The experts from the estate agency believe that Nokia’s well appointed glass and steel building which features its own hot and cold running water can be sold for up to $390,000,000. The only problem here is that it is unclear where Nokia’s employees, including the accountants and executives, will be able to gather and have meetings to practice their use of buzzwords. The joke of

Cloud Storage Appeared Not Profitable At All

Although many experts in the industry claim that cloud services, management software, and storage are literally a license to make money even during a recession, it looks like the company named BMC Software believes into the opposite.

BMC Software, Inc. is a US-based entity with headquarters in Houston, Texas, which specializes in business service management software. The company is developing, marketing and selling software that the businesses can use for different functions – for instance, IT service management, information center automation,