A vulnerability recently discovered in the software used in most DNS (Domain Name System) servers may be the most serious security threat yet found on the Internet, allowing hackers effectively to shut down ISPs (Internet service providers) and corporate Web servers as well as steal confidential data.
Long-distance telephone links from the United States to Cuba went dead on Friday as the Cuban government apparently followed through on threats to retaliate against the United States because U.S. carriers have not been paying a new 10 per cent tax imposed by Cuba on the long-distance telephone rate from the United States to Cuba.
The FLV Fund, a venture capital fund affiliated with speech-recognition software vendor Lernout & Hauspie Speech Products NV (L&H), reported Tuesday that the CEO of L&H Korea apparently has misused US$30 million of the fund as collateral for personal loans.
The promoters of the Optics Valley of China in Wuhan, the capital of central China's Hubei Province, announced last Friday investments totaling 1.72 billion Chinese renminbi (US$208 million) by 19 foreign and domestic companies.
The Chinese government spelled out on Wednesday for the first time how it will define "value-added" telecommunications services, a key element of its rules for foreign ownership in China's telephone and Internet industries.