Uber in talks with banks, private equity firms to fund robotaxi expansion
The company has been offering robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles.
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Time of India
21 minutes ago
- Time of India
Australia's privacy regulator sues Optus over 2022 data breach
An Australian regulator has sued Optus , alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one of Singtel 's largest overseas investments, said in a statement that the Australian Information Commissioner (AIC) has accused the telecom operator of violating the Privacy Act 1988. The Privacy Act governs how personal information is handled by government agencies and private entities. The proceedings have been filed against Singtel Optus Pty Ltd and Optus Systems Pty Ltd, Australia's Optus said. The AIC is alleging one breach of the law for each of the 9.5 million customers affected by the data breach, with the court potentially able to impose fines of up to A$2.2 million per breach. However, the privacy watchdog did not provide details on the total amount it is seeking. Optus said it is reviewing the claims but has not assessed the potential financial impact. The September 2022 breach, one of the worst in Australia's history, exposed sensitive customer data including home addresses, passport details and phone numbers. About 10 million Australians, or 40% of the population, were affected, with many unable to access mobile, broadband and landline services for much of the day. The incident prompted Prime Minister Anthony Albanese to call for tougher privacy laws, including faster breach notifications to banks. Optus has faced mounting public criticism, compounded by a 12-hour nationwide network outage in 2023. The twin crises led to the resignation of then-CEO Kelly Bayer Rosmarin in November 2023. The company was also taken to court by the domestic media regulator in May 2024 over the cyber attack.
Time of India
2 hours ago
- Time of India
South Korea delays decision on Google's request for map data exports
Academy Empower your mind, elevate your skills South Korea delayed a decision on Friday on a request from Google for permission to export map data, following U.S. pressure to address what Washington regards as a non-tariff barrier during recent trade talks, its transport ministry Korea and the United States are preparing for a summit of their leaders, possibly this month, after reaching a trade deal in late July, but it was not clear whether the map issue will be discussed at the Korea previously rejected requests from Google, whose parent is Alphabet, for permission to use map data on servers outside the country, in 2016 and 2007, citing security Korea's Ministry of Land, Infrastructure and Transport said in a statement its National Geographic Information Institute had decided to postpone the decision for 60 days to give Google time to come up with measures that address its security has said there were no security concerns about its mapping data on South Korea, saying the data are publicly available and used by a number of companies, after going through a security review by a government company said, however, it is closely discussing with the South Korean government about taking any other security measures requested by the authorities, while considering plans to purchase blurred images from local partners which have been approved by the Korea, whose 1950-53 war with North Korea ended without a peace treaty, argues that if it allowed such data to leave the country, the locations of military facilities and other sensitive sites could be the U.S. said restrictions on cross-border data flows have long served as barriers to operating navigation services through Google Maps and Apple Maps, resulting in U.S. companies losing out in the South Korean Korea had not made concessions on the map issue and also on further opening up agriculture, despite early and intense bilateral talks, presidential adviser Kim Yong-beom had said the lack of data restricts its Google Maps services in Korea , causing major inconveniences to foreign last month, Transport Minister Kim Yoon-duk said South Korea needed to be "very cautious" about granting map access, saying defence and public safety were prioritised over trade.
Economic Times
2 hours ago
- Economic Times
South Korea delays decision on Google's request for map data exports
AP South Korea delayed a decision on Friday on a request from Google for permission to export map data, following U.S. pressure to address what Washington regards as a non-tariff barrier during recent trade talks, its transport ministry said. South Korea and the United States are preparing for a summit of their leaders, possibly this month, after reaching a trade deal in late July, but it was not clear whether the map issue will be discussed at the meeting. South Korea previously rejected requests from Google, whose parent is Alphabet, for permission to use map data on servers outside the country, in 2016 and 2007, citing security concerns. South Korea's Ministry of Land, Infrastructure and Transport said in a statement its National Geographic Information Institute had decided to postpone the decision for 60 days to give Google time to come up with measures that address its security concerns. Google has said there were no security concerns about its mapping data on South Korea, saying the data are publicly available and used by a number of companies, after going through a security review by a government agency. The company said, however, it is closely discussing with the South Korean government about taking any other security measures requested by the authorities, while considering plans to purchase blurred images from local partners which have been approved by the government. South Korea, whose 1950-53 war with North Korea ended without a peace treaty, argues that if it allowed such data to leave the country, the locations of military facilities and other sensitive sites could be revealed. But the U.S. said restrictions on cross-border data flows have long served as barriers to operating navigation services through Google Maps and Apple Maps, resulting in U.S. companies losing out in the South Korean market. South Korea had not made concessions on the map issue and also on further opening up agriculture, despite early and intense bilateral talks, presidential adviser Kim Yong-beom had said. Google said the lack of data restricts its Google Maps services in Korea, causing major inconveniences to foreign tourists. Late last month, Transport Minister Kim Yoon-duk said South Korea needed to be "very cautious" about granting map access, saying defence and public safety were prioritised over trade. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. End of an era: The Maggi Man who rebuilt Nestlé India bows out In a flat market, are REITs the sweet spot between growth and safety? India's last cement IPO did not work. Can JSW Cement break that curse? The airport lounge war has begun — and DreamFolks is losing Stock Radar: APL Apollo Tubes stock fails to hold momentum after hitting highs in June; what should traders do? Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Transformation underway & no tariff threat: 6 large-caps power stocks with an upside potential of up to 36%
