Fragile market conditions, poorly controlled algorithms and inexperienced staff all contributed to last October’s flash crash in sterling, global policymakers have concluded, with the Bank for International Settlements urging banks and other market participants to learn from their mistakes. The BIS — the central bank for central banks — said on Friday that no single event was responsible for the extraordinary 9 per cent plunge in the […]
By Michele Kambas | GENEVA GENEVA Talks on reunifying Cyprus should produce a “radical” change in the island’s security situation, which is currently guaranteed by Greece, Turkey and Britain, Cyprus President Nicos Anastasiades told a news conference in Geneva on Friday. He was speaking the day after U.N.-hosted talks broke up with a promise to bring officials together next week in working groups to tackle the thorny […]
Security researcher Niall Merrigan estimates that more than 600 Elasticsearch instances have now been hit. Image: Niall Merrigan/Twitter Hundreds of Elasticsearch instances have been wiped in the past few hours, in near-identical ransom attacks to those that have hit more than 34,000 unsecured MongoDB databases over the past week. Developers running Elasticsearch servers are being warned to conceal them from the web to avoid being targeted by […]
By Mai Nguyen | HO CHI MINH CITY HO CHI MINH CITY Outgoing U.S. Secretary of State John Kerry said on Friday he was confident the next administration would stick to the same peaceful principles on Asian security as the current one, despite hawkish comments from President-elect Donald Trump’s cabinet picks. Referring to the disputed South China Sea, Kerry told a university audience in Ho Chi Minh […]
At the end of August, after the news organization she helped co-found shut down, Wendy Carrillo rented a red Ford Fiesta and took off on a road trip with Lulu, her Maltese poodle. At Reported.ly, where Carrillo was the West Coast anchor and producer, she’d already devoted time and coverage to Standing Rock. Now, newly jobless, she wanted to go and see things for herself. Carrillo drove […]
An ice storm heading for the central United States is threatening to take down trees and power lines and create treacherous travel conditions on Friday and into the weekend, the National Weather Service said. Ice, freeze rain and winter storm warnings were in effect for a large swathe of the Plains, from the Texas panhandle north into Iowa and east through central Indiana, the Weather Service said […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
Below the street, in their dressing rooms, the Housewives breathed through the tension. They had lived their reality on camera and watched the results. They had heard their Housewife colleagues talk about their behavior in on-air interviews. And they had built within themselves a caldron of anger, resentment and oh, yeah?s to what they had seen. So as not to dilute their fury, so as not to […]
BUDAPEST A Hungarian camerawoman was sentenced to three years’ probation late on Thursday for kicking and tripping migrants fleeing police near the border with Serbia in September 2015, the news website Index.hu reported. Petra Laszlo was fired from her job at N1TV, a television station with nationalist sympathies, after video footage spread online appearing to show her kicking a girl and a young man. Index.hu reported late […]
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]
OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million barrels per day to 32.50 million bpd from […]
A long-term national strategy needs to be formulated by the United States government, along with consulting the private sector, to facilitate the advancement of the Internet of Things (IoT), and minimise chances of privacy and security-related harm, the US Department of Commerce has said in a report on Thursday. The Fostering the Advancement of the Internet of Things report said the government can facilitate the IoT by […]
By Ingrid Melander | PARIS PARIS Every week, a small group of Marine Le Pen’s aides brainstorm on how to achieve what many say is impossible: change how most French people view her to get her elected president in May. The “Idea-Image” committee of Le Pen’s far-right National Front (FN) consists of about 10 party officials and supporters. It held its first meeting in October as the […]
BANGKOK Thailand’s military-backed parliament voted overwhelmingly on Friday to make amendments to the constitution as suggested by the new king’s office, a move likely to delay a general election scheduled for the end of the year. The military-backed constitution is a key part of the junta’s plans to hold an election to return Thailand to democratic rule following a 2014 coup. The draft constitution was approved in […]
By David Ingram and Nate Raymond | NEW YORK NEW YORK A scandal that could complicate the South Korean political ambitions of former U.N. Secretary-General Ban Ki-moon features an unlikely central character: a New York fashion designer whose wedding was broadcast on reality TV and who authorities said falsely touted ties to Middle Eastern royalty. Malcolm Harris, who has dubbed himself on social media the “curator of […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL Samsung Group leader Jay Y. Lee left the South Korean special prosecutor’s office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. Lee left the special prosecution office without answering reporters’ questions and headed to a waiting car. Prosecutors have been investigating […]
In this Thursday, Nov. 5, 2015, file photo, 2015 Jeep Grand Cherokees appear on display at a Fiat Chrysler dealership in Doral, Fla. On Thursday, Jan. 12, 2017, the U.S. government alleged that Fiat Chrysler Automobiles failed to disclose that software in some of its pickups and SUVs with diesel engines allows them to emit more pollution than allowed under the Clean Air Act. The Environmental Protection […]
PUTRAJAYA: When stall supervisor Eda Umar first met the late Tan Sri Adenan Satem at the Rasa Alamanda Foodcourt here in 2014, she did not know he was the Chief Minister of Sarawak. What she did come to know was that he loved her sizzling yee mee. “His favourite was the black sauce chicken yee mee with mushrooms,” recollected Eda, a qualified chef who personally attended to […]
Friday 04:50 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on Wednesday. What to watch Shares in Nintendo were down 2 per cent after the company announced details about its new Switch video game console, including price and technical specifications. The device, a hybrid […]
SAN SALVADOR El Salvador said on Thursday it will strengthen ties with Taiwan as President Tsai Ing-wen visits Central America at a time when China suspects she is seeking formal independence from the mainland. Tsai is making her last stop in the region on a trip that has taken her to Honduras, Nicaragua and Guatemala, after meeting U.S. Republican lawmakers in a Houston stopover last weekend that […]
The proposal — opposed by businesses that make and use the solvent — comes eight years after the European Union approved a ban on sales of methylene chloride paint strippers to consumers and companies, with the exception of businesses using it in industrial sites with protective equipment and other cautionary measures. The chemical is also known as dichloromethane. The would-be rule is the third the EPA has […]
SACRAMENTO, Calif. Several months of wet weather have dramatically eased California’s years-long drought, replenishing reservoirs and parched aquifers and forcing state water officials to switch – at least temporarily – from managing shortages to avoiding floods. With rain continuing to fall following a deluge that brought 20 inches (50 cm) of precipitation to some areas this week, the snowpack in the Sierra Nevada mountains – crucial for […]
By Yun Hwan Chae | SEOUL SEOUL Former U.N. Secretary-General Ban Ki-moon polled second in a survey of South Korean presidential favourites released on Friday, 11 percentage points behind former opposition leader Moon Jae-in, who led the Gallup Korea poll at 31 percent. South Korea has been gripped by a political crisis since lawmakers voted overwhelmingly in December to impeach President Park Geun-hye over an influence-peddling scandal. […]
By Patricia Zengerle | WASHINGTON WASHINGTON The Obama administration on Thursday announced the repeal of a measure granting automatic residency to virtually every Cuban who arrived in the United States, whether or not they had visas, ending a longstanding exception to U.S. immigration policy. The end of the “wet foot, dry foot” policy, which allowed any Cuban who reached U.S. soil to stay but returned any picked […]
