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Technology companies to enjoy stimulus package funds
The emphasis of the Obama administration on directing a large portion of the stimulus package toward improving the U.S. infrastructure means the technology companies with the right solutons stand to benefit
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£8.5 million in grants for innovative businesses in east England
U.K. regional development agency has £8.5 million in grants for research and development of hi-tech products and proof of concept; businesses may also benefit from funds available from the European Regional Development Fund
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Cobham acquires Argotek for $36.25 million
U.K. global defense group Cobham, eager to exploit the growing business opportunities in IT security, acquires U.S. IT security specialist Argotek; acquisition requires approval by CFIUS
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Russia places orders for more than 50 Israeli UAVs
As was the case with the United States in the 1970s and 1980s, Russia has been slow to warm up to UAVs; the August 2008 Russia-Georgia war changed minds in Russia
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Texas electrical grid's operator says he is on watch for hackers
Bob Kahn, CEO of the Electric Reliability Council of Texas: “We are constantly modifying and upgrading our protections as technology advances, business requirements change and new threats emerge”
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SBAC to U.K. government: don't starve successful sectors
The Society of British Aerospace Companies tells government investment in defense and aerospace should be increased; more investment should go to science, technology, engineering, and maths education
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Aussie government in $43 billion fast Internet scheme
The economic slowdown found private Australian telecommunication companies unwilling to fund a high-speed national broadband network, a network which Kevin Rudd’s government believes is essential for the country’s economic competitiveness; the government is stepping in, saying it would invest at least $21.9 billion of taxpayers’ money to get the project going
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Credit for U.K. businesses eases
The credit crunch in the U.K. economy is easing; CBI’s chief economist: “The view that the pace of deterioration is easing correlates with what businesses are starting to tell us on the ground…. the combination of easier monetary policy and the government’s measures to support the banking sector may be starting to have an impact”
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New concept for New York, New Jersey storm barriers
With worries about rising sea level and more intense storm, British engineering firm Harlow offers a new concept for protecting New York City and parts of the new Jersey coast against storm surges
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Economic slowdown increases Americans' fears about fraud, ID theft
The latest Unisys Security Index shows Americans more worried about identity theft as a result of the economic slowdown; financial security fears spike and now rank as #1 concern; national security concerns are all-time low
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Area image sensor market will experience healthy growth
Charge-coupled device (CCD) image sensors will remain about flat through 2013, but sales of complementary metal-oxide-semiconductor (CMOS) sensors will increase significantly; CMOS will make up 62 percent of security camera image sensors by 2013
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Digital security companies eye emerging e-health care market
Gemalto joins SAFE-BioPharma Association; company said it will contribute its expertise in smart card-based solutions for authentication, network security, and digital signature — all essential elements of creating electronic health care business environment by 2012
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California pistachio growers worry about big losses from FDA recall
California produces 96 percent of the U.S. pistachios; the entire $540 million-a-year industry is under threat as a result of FDA’s pistachios recall last week
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AS&E sells its first gantry security scanner to Pentagon
AS&E’s proprietary Z Backscatter technology is popular with customers, and the company announces yet another contract, this time with the Pentagon — but: complaint from scanning rival Rapiscan lead the U.S. government to half an earlier order for AS&E’s ZBV Military Trailers, from 68 units to 34 units
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£44 million to U.K. universities to share knowledge with business
U.K. Engineering and Physical Sciences Research Council (EPSRC) created the Knowledge Transfer Accounts (KTA) program to increase collaboration between academia and business; so far, the EPSRC’s KTA programs have awarded a total of £44 million
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
European Arms Imports Nearly Double, U.S. and French Exports Rise, and Russian Exports Fall Sharply
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23. The United States increased its arms exports by 17 per cent between 2014–18 and 2019–23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
LNG Exports Have Had No Impact on Domestic Energy Costs: Analysis
U.S. liquified natural gas (LNG) exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains, which contribute to downward pressure on domestic prices.