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A North Korean operating system is seen in this screen shot taken in Seoul December 23, 2015. Reuters/James Pearson SINGAPORE/SEOUL North Korea’s homegrown computer operating system mirrors its political one, according to two German researchers who have delved into the code: a go-it-alone approach, a high degree of paranoia and invasive snooping on users. Their research, the deepest yet into the secretive state’s Red Star OS, illustrates the […]

|By Matein Khalid| In retrospect, the last six years were a unique period in global central banking, an epic monetary experiment that averted a Great Depression after Lehman’s failure and interbank/credit contagion plunged the world into recession in 2008-9. Yet the Fed (and later Bank of Japan, ECB and even PBOC) quantitative easing also led to asset bubbles, credit market excesses, currency wars and the mispricing of […]

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. Reuters/Jim Young BOSTON Networking equipment maker Cisco Systems Inc said on Monday it has launched a product review to look for tampering after rival Juniper Networks Inc’s disclosure found code in firewall software that made it vulnerable to cyber attacks. Juniper warned customers on […]

The Internet Engineering Steering Group (IESG) today approved a new HTTP error code — 451 — that can be used to identify online content that is unavailable for legal reasons, such as government-enforced censorship. Taken from “Farenheit 451,” the title of the classic Ray Bradbury novel about book burning, the error code has been championed for several years by former Google engineer and XML specification author Tim […]

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this file photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez/Files SAN FRANCISCO The U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at ride service Uber [UBER.UL], including an examination of whether any employees at competitor […]

The sign outside the Target store is seen in Arvada, Colorado in this January 10, 2014 file photo. Reuters/Rick Wilking/Files Target Corp (TGT.N) is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc (WMT.N) in posing a threat to recent entrants like Apple Pay. The fourth-largest U.S. retailer has not committed to launch the product, […]

Networking equipment maker Juniper Networks revealed this week that it had found spying code planted in some models of its firewalls. The products affected by the malicious code include those running ScreenOS, a Juniper operating system that runs several of the company’s appliances that act as firewalls and enable VPNs (virtual private networks). The vulnerable versions of ScreenOS include 6.2.0r15 through 6.2.0r18 and 6.3.0r12 through 6.3.0r20, according […]

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FOREIGN INVESTORS MAY GET SOME RELIEF

 

By G. Srinivasan

 

For the country’s corporate sector apprehensive of long pendency in courts and protracted litigation on commercial disputes for resolution, help is on hand at long last. The NDA government has set off a flurry of activities on this front to give a whiff of long-felt comfort to assuage investors’ enduring worries on this count. In the ongoing winter session of Parliament, the Law Commission of India’s report with its draft bill on Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill, 2015 was tabled. Subsequently, the House Panel on Personnel, Public Grievances , Law and Justice   under the  chairmanship of Mr. E.M. Sudarsana Natchiappan also submitted its report, which also took due note of the Ordinance promulgated  by the Government on October 23, 2015 making certain improve

|By Arabian Post Staff| Emirates landed a windfall gain this week as it guaranteed itself bulk of the US-originating passenger traffic to the Gulf by way of a decision by the United Airlines to cancel flight service between Washington and Dubai starting in late January, meaning no U.S. passenger carrier will fly direct to the Gulf states. According to a Reuters report, the move comes after the […]

At Microsoft’s annual general meeting yesterday, former CEO Steve Ballmer made his opinions on the company’s current course crystal clear. For one thing, he thinks Microsoft’s universal Windows app strategy is not destined to succeed. For another, the company needs to focus more on whether Windows Phone handsets can run Android apps, he said. Ballmer also said that the company should disclose profit margins and sales for […]

|By Dr Shakir Noori| Personal identity of the citizens has been a contentious issue for successive governments in Iraq. Recently, the government led by Prime Minister Haider Al Abadi introduced a new Act, providing for the issuance of a unified national card. The law has raked up a major controversy, especially among the marginalised minorities. To protest this Act, which was voted on October 27, 2015, deputies […]

|By Arabian Post Staff| Emirates and Malaysian Airlines agreed a huge code-share deal, allowing the airlines to sell tickets to more long-haul destinations. The accord covers more than 90 locations in the U.S., Europe, the Middle East and Africa served via Emirates’s Gulf hub, according to the airline, which will sever 10 code-share agreements with existing partners and drop its own direct flights to Paris and Amsterdam next […]

Starwood Hotels & Resorts Worldwide Inc. is the latest known hotel target of cyber attackers. The company on Friday announced that hackers had injected malware into point of sale systems at some of its hotels in North America. That malware ultimately made it possible for unauthorized parties to tap into the payment card data of some hotel guests. Starwood, which operates brands including Four Points by Sheraton, […]

Qatar Airways will extend its code-share partnership with JetBlue Airways Corporation to 29 destinations beyond Boston when it begins flying to the US gateway airport in March. The agreement will allow Qatar to sell tickets to cities including Austin, Cleveland, Denver, Tampa and Seattle under its own flight code, building on a deal that already allows the Gulf airline to market 32 JetBlue services out of New […]

|By TAP Staff| Etihad Airways won a great PR opportunity when a German court allowed it temporary injunction to continue operating all its codeshare flights with airberlin to destinations in Europe, the US and the UAE. The injunction granted by the Administrative Court of Braunschweig is valid until 8 November. It provides an opportunity for the parties to resolve outstanding differences through ongoing consultation between the Governments […]

Jack Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun Valley, Idaho July 8, 2015. Reuters/Mike Blake SAN FRANCISCO Twitter Inc (TWTR.N) co-founder and interim Chief Executive Jack Dorsey is expected to be named permanent CEO as early as Thursday, while keeping his job as the head of online […]

The Twitter logo is shown at its corporate headquarters in San Francisco, California April 28, 2015. Reuters/Robert Galbraith REUTERS – Twitter Inc said on Wednesday it was partnering with U.S. retailers to help them sell products through a “Buy Now” button in tweets, the latest move by the company to boost flagging user growth. The “Buy Now” feature, which was initially rolled out to a small percentage […]

Dubai-based chartered accountants firm Sangani and Company has joined Kudos International Network as a full member auditing and accounting firm, the company announced. Kudos International Network is an international accounting and auditing network and member of Forum of Firms. Forum of Firms is an association of international networks of accounting firms performing audits of financial statements used across borders. The Forum’s objective is to promote consistent and […]

A recently discovered vulnerability in Android Lollipop allows an attacker to bypass the password lockscreen on a mobile device and gain full access. The flaw was discovered by a security researcher at the University of Texas at Austin, who said he has already alerted Google about his findings. The exploit requires an attacker to have physical access to the device but it will only work if the […]

For decades, the world of science fiction has been shaping our expectations of the future, with many puzzling terms of the past like 3-D printing, aerial drones, and virtual reality now having become reality nowadays. However, while we might be familiar with these terms, not all of us have actually experienced the full extent of how these concepts have revolutionised modern living. One of the sectors that […]

A Google self-driving vehicle is parked at the Computer History Museum after a presentation in Mountain View, California May 13, 2014. Reuters/Stephen Lam/Files FRANKFURT German premium carmakers BMW, Mercedes-Benz and Audi are snapping up software experts as tech firms such as Google threaten to outflank them in the race to develop a self-driving car. Software expertise has become a new battleground for automakers and tech firms as […]

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. Reuters/Denis Balibouse/Files REUTERS – Yahoo Inc’s media head, Kathy Savitt, has decided to leave, a company spokeswoman said. Savitt will join film and television studio STX Entertainment in October as president of its digital business, STX said. Yahoo is planning […]

The UAE’s Foreign Exchange and Remittance Group (FERG), comprising of businesses engaged in money exchange and remittances in the country, has ramped up its awareness strategy to combat cybercrime.  The strategy focuses on disseminating information to member exchange houses to combat cybercrime activities costing the global economy over $110 billion every year, said a statement. Rajiv Raipancholia, FERG secretary and Orient Exchange’s chief executive officer, said: “Not […]

An explosion in the number of new Internet addresses has created a wealth of opportunities for criminals exploiting shady domains such as .zip, .kim or .party, according to an industry study published on Tuesday. Attackers are constantly in search of new domains for links to lead users to download malware, divulge personal data or spam their friends, and a liberalization of the Web has expanded the number […]

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