The blockbuster listing of Ant Financial, the payments affiliate of Alibaba, has been put on ice until the end of next year at the earliest, according to bankers. Market players have been counting on Ant, which runs China’s popular Alipay mobile payments service, to be the star in this year’s initial public offerings calendar. It was valued at $60bn in its last financing round in April 2016, […]
By Aidan Lewis and Steve Scherer | TRIPOLI/AQUARIUS RESCUE SHIP TRIPOLI/AQUARIUS RESCUE SHIP Italy gave the Libyan coast guard four repaired patrol boats on Monday to beef up Libya’s efforts to stop people smuggling, but the support worries humanitarian groups operating rescue ships near the Libyan coast. Italy and the European Union promised in February to spend millions of euros to help the Tripoli government upgrade its […]
Credit: Steffen Thoma/Public Domain The research, led by the International Council on Clean Transportation and Environmental Health Analytics, LLC., in collaboration with scientists at the University of York’s Stockholm Environment Institute (SEI); University of Colorado; and the International Institute for Applied Systems Analysis, examined 11 major vehicle markets representing more than 80% of new diesel vehicle sales in 2015.’ Of these markets, they found vehicles emitted 13.2 […]
By Guy Faulconbridge and Dustin Volz | LONDON/WASHINGTON LONDON/WASHINGTON The global WannaCry “ransomware” cyber attack spread more slowly on Monday with no major infections reported, as attention shifted to investment and government policy implications of lax cyber security. There were 213,000 infected machines in 112 countries as of 1000 GMT on Monday, according to Czech security firm Avast, making it one of the largest coordinated attacks to […]
Criminal hacking groups have repurposed a second classified cyber weapon stolen from US spies and have made it available on the so-called dark web after the success of the WannaCry attack that swept across the globe on Friday. The hacking tool, developed by the US National Security Agency and codenamed EsteemAudit, has been adapted and is now available for criminal use, according to security analysts. As with […]
ROME A total of around 20 migrants are feared to have died trying to cross the Mediterranean on Saturday, the United Nations refugee agency said, citing testimony from survivors arriving in Italy. Seven men were found dead during Saturday’s rescues, but survivors brought to Trapani in Sicily indicated a further 13 had been lost at sea, UNHCR spokeswoman Carlotta Sami said. “When they saw the rescuers coming […]
A committee of the Philippine parliament on Monday found an impeachment complaint against President Rodrigo Duterte was “insufficient in substance,” rejecting it and effectively putting an end to the case. The complaint, filed in March, alleged that Duterte had adopted a state policy of extrajudicial killings during his war on drugs, leading to the death of more than 8,000 people in the first eight months of his […]
France has today announced a 31-year government bond, in a sign of further market optimism after the victory of Emmanuel Macron in the recent presidential election. The debt, which is expected to price later this week, had been previously planned as part of the country’s funding programme for the year. The timing of the syndicated deal comes just over a week after Mr Macron’s victory in the […]
By Conor Humphries | DUBLIN DUBLIN JPMorgan Chase (JPM.N) has agreed to buy a Dublin building with room for 1,000 staff in the first sign of a financial services company expanding significantly in Ireland since the government began a major campaign to attract firms in the wake of Brexit. The U.S. investment bank will acquire a 130,000 square foot (12,000 square meter) building at the Capital Dock […]
In partnership with TechCrunch, The Europas Conference & Awards, is a different kind of tech event which features main-stage speakers and panels as well as smaller breakout sessions on key subjects for startups. The Europas conference is followed by a glittering awards based on voting by expert judges and the industry itself. Voting is now live, so please go and vote! The awards are editorially led, with […]
German stocks hit a new high on Monday morning, as higher commodity prices boost stocks across Europe. The Dax climbed as much as 0.48 per cent to 12831, with energy group RWE the biggest gainer despite reporting an 18 per cent drop in first quarter profits. German stocks have been some of the biggest beneficiaries of renewed investor desire for European assets, after Emmanuel Macron’s victory in […]
The cyber attacks that swept the globe on Friday likely aren’t over just yet: current data show more than 1.3m computer systems are still vulnerable to infection to the debilitating WannaCry infection. So far, 200,000 computers across 150 countries are known to have been infected in the first wave of the WannaCry cyber attack, Europol said on Sunday. “The recent attack is at an unprecedented level and […]
By Michael Martina and Christian Shepherd | BEIJING BEIJING North Korea kept a low profile at the opening of a summit in Beijing on China’s new Silk Road plan on Sunday, after the United States warned China Pyongyang’s attendance could affect the participation of other countries. North Korea’s attendance at China’s biggest diplomatic event this year raised further eyebrows after Pyongyang fired a ballistic missile early on […]
Chancellor Angela Merkel’s conservatives won a surprise victory on Sunday in regional elections in Germany’s most populous state, giving Europe’s most powerful leader a big boost in the run-up to national elections in September. The Christian Democrats took control of North Rhine-Westphalia from their Social Democrat rivals, dealing a heavy blow to SPD leader Martin Schulz as he bids to unseat Ms Merkel in Berlin. Meanwhile, the […]
By Dustin Volz and Eric Auchard | WASHINGTON/FRANKFURT WASHINGTON/FRANKFURT U.S. and European officials scrambled to catch the culprits behind a massive ransomware worm that caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, as Microsoft pinned blame on governments for not disclosing more software vulnerabilities. The attack, which leveraged malicious software that security researchers widely believe was stolen from the U.S. National […]
By Michel Rose and Jean-Baptiste Vey | PARIS PARIS Emmanuel Macron took power as president of France on Sunday, vowing to restore the country’s status in Europe and the world and heal divisions in society — a nod to the bitter campaign the pro-EU centrist fought to defeat a far-right leader. The 39-year-old former investment banker, unknown to the wider public three years ago and whose May […]
Businesses must brace for further cyber attacks this week on a potentially “significant scale”, British intelligence officials warned on Sunday, less than 48 hours after the debilitating WannaCry infection swept across the world. Current data show more than 1.3m computer systems are still vulnerable to infection by WannaCry, which has paralysed hospitals, disrupted transport networks and immobilised businesses, according to cyber security analysts. So far, 200,000 computers […]
Private dining in the UAE is no longer the exclusive domain of the rich and famous. Heeding requests from customers with a desire for closed-door rooms and secluded enclaves for entertaining, restaurants in the country are increasingly providing spaces where patrons can host private get-togethers. While some packages can cost thousands of dirhams, if your tastes are gourmet or your group exceeds 30, there are deals to […]
Emmanuel Macron’s election as president of France received few more rapturous welcomes than that given by Sylvie Goulard, a liberal French politician in the European Parliament and ally of the 39-year-old new head of state. “Finally! Finally, Europe and France reconciled!” Ms Goulard enthused. “What a symbol — a young president, focused on the future, entering the Louvre of the kings of France to the sound of […]
Portugal won the Eurovision Song Contest for the first time on Saturday with a gentle, romantic ballad that challenged the event’s decades-long reputation for cheesy, glittery excess. Salvador Sobral – who has a serious heart condition and is awaiting a transplant – sang Amar Pelos Dois (Love For Both), written by his sister Luisa, in a high, clear tenor accompanied by quiet strings and a piano. Unlike […]
People walk past a Megafon mobile phones shop in Moscow, Russia, Saturday, May 13, 2017. A top Russian mobile operator said Friday it had come under cyberattacks that appeared similar to those that have crippled some U.K. hospitals. Pyotr Lidov, a spokesman for Megafon, said Friday’s attacks froze computers in company’s offices across Russia. (AP Photo/Ivan Sekretarev) The cyberattack that spread malicious software around the world, shutting […]
Newly re-elected President of the Chamber of Advocates George Hyzler said that lawyers are concerned about the effect that the Panama Papers and other recent allegations, and the negative international coverage resulting from them, will have on the financial services sector in particular. Asked about the effects of such revelations on the financial services sector, and whether lawyers are concerned about this, Dr Hyzler – who […]
Authored by Paul Criag Roberts, “Fifty years ago, the streets of Leningrad taught me one thing: If a fight is inevitable, you must strike first.” Vladimir Putin In George Orwell’s 1949 dystopian novel, 1984, information that no longer is consistent with Big Brother’s explanations is chucked down the Memory Hole. In the real American dystopia in which we currently live, the information is never reported at all. […]
BEIJING British finance minister Philip Hammond said on Sunday Britain is a natural partner for China’s new Silk Road programme, and as it leaves the European Union (EU) it wants more trade with the world not less. China is one of the countries Britain hopes to sign a free trade agreement with once it leaves the EU, and London and Beijing have been keen to show that […]
