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U.S. Government Suffers Massive Cyberattack The U.S. Office of Personnel Management (OPM) is reporting a cybersecurity incident that affects its systems and data. The breach may have compromised the personal information of 4 million current and former federal workers. “Within the last year, OPM has undertaken an aggressive effort to update its cybersecurity posture, adding numerous tools and capabilities to its networks,” according to a statement on […]

An illustration picture shows a projection of binary code on a man holding a laptop computer, in an office in Warsaw June 24, 2013. Reuters/Kacper Pempel/Files SINGAPORE Whoever was behind the latest theft of personal data from U.S. government computers, they appear to be following a new trend set by cybercriminals: targeting increasingly valuable medical records and personnel files. This data, experts say, is worth a lot […]

The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Reuters/Aly Song/Files BEIJING/SHANGHAI Chinese e-commerce company Alibaba Group Holding Ltd will invest in financial media outlet China Business Network in a deal set to be announced on Thursday, Chinese media reported on Wednesday. The investment in China Business Network, part of Shanghai Media Group (SMG), will be worth […]

An employee answers phone calls at the switchboard of the Google office in Zurich August 18, 2009. Reuters/Christian Hartmann Google Inc (GOOGL.O) said 21 percent of tech hires last year were women, boosting overall number of women in technical roles by 1 percent, as part of efforts to increase diversity. The company recently began disclosing the makeup of its workforce after admitting that it was “wrong, and […]

Pakistani volunteers tried to identify the bodies of some of the 22 people killed Friday night in attacks in Baluchistan. By SALMAN MASOOD and ZIA ur-REHMAN May 30, 2015 ISLAMABAD, Pakistan — Tensions were running high on Saturday in southwestern Pakistan after dozens of heavily armed gunmen, wearing the uniforms of security forces, stopped two buses, singled out ethnic Pashtuns and fatally shot at least 22 of them on Friday night. […]

Japanese Defense Minister Gen Nakatani (L-R), Japanese Foreign Minister Fumio Kishida, U.S. Secretary of State John Kerry and U.S. Secretary of Defense Ash Carter shake hands following a news conference as part of the U.S.-Japan Security Consultative Committee (2+2) meeting… Reuters/Andrew Kelly/Files TOKYO The United States will extend its cyber defense umbrella over Japan, helping its Asian ally cope with the growing threat of online attacks against […]

A worker adjusts the logo at the stand of Huawei at the CeBIT trade fair in Hanover March 15, 2015. Reuters/Morris Mac Matzen/Files BANGKOK China’s Huawei Technologies, the world’s No. 2 telecom equipment maker, expects total shipments of smartphones in southeast Asia to rise 160 percent to 8 million units in 2015, boosted by strong demand in Myanmar, it said on Thursday. In the first quarter, Huawei […]

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A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city, December 24, 2013. Reuters/Pichi Chuang/Files GUIYANG, China Taiwan’s Foxconn Technology, the world’s largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday. The company could spend […]

DUBAI // Outstanding achievements by UAE women in fields as diverse as civil aviation, business strategy, technology and social enterprise were recognised on Monday night. Laila Al Muhairi, assistant director general for strategy and international affairs at the General Civil Aviation Authority, won the first award in the professional category at the Emirates Women Awards. “My objective is to inspire generations of girls in the UAE and […]

Shareholders arrive for the Daimler annual shareholder meeting in Berlin April 1, 2015. Reuters/Hannibal Hanschke/Files FRANKFURT German carmaker Daimler is to make software from web services company Baidu available in its Chinese Mercedes-Benz cars as part of a trend of deepening ties between carmakers and consumer technology companies. Carmakers are seeking to extend information and entertainment services available in vehicles, as well as smartphone compatibility, in an […]

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. Reuters/Rick Wilking/Files NEW YORK Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. The change was made effective May 1, a company spokesman told the Journal. Amazon said it had started […]

Guards stand near an entrance to Alibaba’s headquarters in Hangzhou, Zhejiang province, China, May 18, 2015. Reuters/John Ruwitch PUTIAN, China Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is […]

SYRIA. Islamic State fighters tightened their grip on the historic Syrian city of Palmyra on Thursday and overran Iraqi government defenses east of Ramadi, the provincial capital that they seized five days earlier. The twin successes not only pile pressure on Damascus and Baghdad but throw doubt on a U.S. strategy of relying almost exclusively on air strikes to support the fight against Islamic State. U.S. and […]

UAE. The findings of a new study by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, shows that mobile technologies are creating immense value for consumers – value that greatly exceeds the costs of owning a mobile device. In fact, consumers worldwide value mobile technologies at 11 to 45 percent of their income – well above what […]

Industrial and Commercial Bank of China has launched a $500 million five-year debut bond issued by its Dubai branch, which is set to price later on Monday, a document from lead managers said. The bank, China’s largest by assets, set the final spread at 120 basis points over U.S. Treasuries, the document stated, tighter than the initial price guidance of around 145 basis points over treasuries announced […]

TOKYO—Japan’s Inpex Corp. has secured a 5% stake in Abu Dhabi Company for Onshore Oil Operations, or ADCO, one of the Gulf nation’s biggest oil concessions, becoming the second foreign stakeholder after France’s Total SA . The move suggests that as part of Tokyo’s efforts to shore up its energy supplies, the partly state-owned Japanese energy company was prepared to pay a hefty signing-on fee that other […]

Plunging iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. Even as China’s domestic steel demand shrinks and the industry battles chronic overcapacity, lower iron ore prices have helped many large mills post better earnings in 2014 than a year […]

/Marshall Hargrave/investorsalley.com/The end of Google’s reign as the king of search is near. Competitors are eating away market share and growth is sputtering. Trying to cherry-pick the next winner in search, however, is akin to rolling dice at a casino. All luck. Where investors are going to make their millions is in this red hot sector that is on the vanguard of life-saving technology that will revolutionize […]

India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world’s fourth-biggest oil consumer to build up emergency stockpiles. Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus. The sources said […]

QATAR. Notwithstanding the weak start for the global economy, Asian economies are expected to continue to grow rapidly in 2015. We expect economic growth to average 5.7% in 2015, the same rate as in 2014. However this masks significant differences across Asian countries that mainly depend on their exposure to global headwinds. India and Myanmar stand out as bright spots for 2015, while China, Indonesia, Malaysia and […]

Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. Factory activity in China, the world’s second-largest economy and top oil importer, slipped in March with the flash HSBC/Markit Purchasing Managers’ Index (PMI) reading at 49.2, below the 50-point level that separates growth from contraction. Economists polled […]

Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for a reduction in tax. Overseas purchases may jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, who delayed purchases in anticipation of the tax cut, replenish stockpiles, Rajesh Mehta, chairman of Rajesh Exports Ltd., said by phone from […]

National Bank of Abu Dhabi (NBAD) is not interested in buying retail business of Citigroup, and is instead targeting organic growth in the country and globally, the bank’s chief executive told Reuters on Sunday. The plan to grow organically by the United Arab Emirates’ largest lender sets it apart from several other big Gulf banks, which have sought to use overseas acquisitions as a way to expand […]

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