By William Schomberg | BARI, Italy BARI, Italy U.S. President Donald Trump’s economic policies risk creating growth that mostly benefits the rich and aggravates income inequality in the United States, Nobel Prize-winning economist Angus Deaton said. Trump was swept to power on promises of help for poorer Americans but Deaton said his proposals to roll back regulations on finance and industry and cut healthcare benefits would […]
For the first time, scientists have succeeded in studying the strength of hydrogen bonds in a single molecule using an atomic force microscope. (via WSJ)
By Gavin Jones | BARI, Italy BARI, Italy Group of Seven financial chiefs said they had no idea who was behind the international cyber attack that affected almost 100 countries on Friday but they pledged to redouble their efforts to make cyberspace more secure. The economy minister and central bank governor of Italy, which holds the G7 presidency, both replied negatively when asked at the end of […]
Investors wiped $4.6bn from the market value of the US department store sector in the space of two days this week, as concern mounted about sliding sales and the effects of online competition. The consequences are spilling into the real estate and derivatives markets, and the latest bad news has intensified the focus on the sector ahead of more earnings reports from retail heavyweights next week. Five […]
ABOARD AIR FORCE ONE U.S. President Donald Trump said on Saturday he wants to move quickly to nominate a new FBI director to replace James Comey, who he fired this week. Trump told reporters traveling with him on Air Force One that he may be able to make his decision on the Federal Bureau of Investigation head before he leaves in his first foreign trip later next […]
LONDON Nissan’s manufacturing plant in Sunderland, northeast England, has been affected by a cyber attack that has hit nearly 100 countries, a spokesman for the Japanese carmaker said on Saturday. “Like many organizations around the world, some Nissan entities were recently targeted by a ransomware attack. Our teams are responding accordingly and there has been no major impact on our business,” he said in a statement. He […]
Elon Musk has an ambitious goal to decongest traffic through underground tunnels and he’s now shared footage of the project, but tread lightly. The video comes with a warning that it might trigger seizures or cause motion sickness. It shows a test run of an electric sled that would swiftly move cars through the tunnels at 125 mph (200 km/h), automatically shifting from one tunnel to another. […]
Nearly 70 years after he produced Hong Kong’s first plastic duck, toy industry veteran LT Lam’s factories in China now churn out everything from Transformers to Play-Doh. But with costs rising in China and the industry fragmenting because of technological advances and changing consumer tastes, the 93-year-old worries that Hong Kong could lose its decades-long role at the heart of the global toy industry. “We started with […]
JERUSALEM A Jordanian citizen stabbed and wounded an Israeli police officer who then shot him dead in Jerusalem’s Old City on Saturday, Israeli police said. Police spokeswoman Luba Simri said the officer was walking down a street when he was attacked. “The terrorist rushed toward him, whipped out a knife that he had in his possession, stormed him and began stabbing him. The police officer responded with […]
Is your iPhone or iPad feeling a bit sluggish? Has it lost that snappiness that it had when it was new? Here’s the simplest way that I know of to speed up an iPhone or iPad. Wipe the device and reload your data from a backup. Yes, it really is that simple. I tend to do this every year for my devices, and not only do I […]
PARIS French carmaker Renault stopped production at several sites on Saturday to prevent the spread of a global cyber attack that hit its computer systems, a spokesman said. “Proactive measures have been put in place, including the temporarily suspension of industrial activity at some sites,” the spokesman said. The Paris prosecutor has opened an investigation following the cyber attack, a judicial source told Reuters on Saturday. The […]
Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past. Microwave tower located next to the NYSE in Mahwah, NJ. This article, however, is not about the familiar antennas off Route 17 in New Jersey. Instead, demonstrating to what lengths the high frequency traders will […]
A cybersecurity researcher appears to have discovered a “kill switch” that can prevent the spread of the WannaCry ransomware—for now—that has caused the cyberattacks wreaking havoc globally A cybersecurity researcher appears to have discovered a “kill switch” that can prevent the spread of the WannaCry ransomware—for now—that has caused the cyberattacks wreaking havoc globally, they told AFP Saturday. The researcher, tweeting as @MalwareTechBlog, said the discovery was […]
The Middle East’s first wellness destination resort will be developed in Qatar by Msheireb Properties, a subsidiary of Qatar Foundation for Education, Science and Community Development. The developer said Zulal Wellness Resort will bring “health wisdom from across the world together with traditional Arabic and Islamic wellness principles”. “The ‘luxeclusive’ concept delivers global luxury standards while preserving traditional family values to ensure every visitor’s needs are addressed,” […]
Dr Ting Tiong Choon (right) with Sarawak DAP chairman Chong Chieng Jen and Sarawak DAP deputy chairman Chiew Chiu Sing (left) in Kuching May 12, 2017. — Picture by Sulok TawieKUALA LUMPUR, May 13 — A DAP leader who was disqualified as Pujut state representative by the Sarawak State Legislative Assembly yesterday may also be stripped of his Malaysian citizenship, a lawyer said today. Constitutional lawyer Nizam […]
BERLIN German rail operator Deutsche Bahn said on Saturday its systems were infected by a global cyber attack that caused computer turmoil in nearly 100 countries. It said in a statement that train services were not disrupted but some electronic boards at stations announcing arrivals and departures had been affected. Pictures posted online by travellers showed red windows appearing on announcement boards with a message demanding a […]
Romero Rodrigues Contributor Romero Rodrigues is a managing partner at Redpoint eVentures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor: Fintech is booming around the world. Global investments in fintech companies have continued to rise during the last two years. After international financing for fintech startups hit $19 billion in new funding rounds at the end of 2015, the volume […]
BARI, Italy Financial leaders of seven leading world economies will pledge stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stick to their cautious wording on trade, a draft communique showed. Finance ministers and central bank governors from the United States, Canada, Japan, France, Germany, Italy and Britain are meeting in the Italian city of Bari to discuss […]
PARIS French carmaker Renault was hit by the global ransomware cyber attack that has infected tens of thousands of computers in nearly 100 countries, a spokeswoman said on Saturday. It is the first major French company to report being affected by the malicious malware. “Measures are being put in place to stop the spread of the virus; it’s the first step,” the spokeswoman said. “We’re seeking to […]
Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]
By Gul Yusufzai | QUETTA, Pakistan QUETTA, Pakistan Ten labourers were gunned down in southwestern Pakistan on Saturday while working on link roads to connect outlying towns to the country’s $57-billion Chinese “Belt and Road” initiative, security officials confirmed. The attack on the Pakistani labourers took place some 20 kilometres from the emerging port city of Gwadar in Baluchistan province that forms the southern hub of the […]
LONDON The British government does not yet know who was behind Friday’s global cyber attack that disrupted the UK’s health system, interior minister Amber Rudd said on Saturday. “We’re not able to tell you who’s behind the attack. That work is still ongoing,” she told BBC radio. She said Britain’s National Cyber Security Centre was working with the country’s health service to ensure the attack was contained […]
By Ben Blanchard | BEIJING BEIJING China welcomes all countries to participate in this weekend’s forum on China’s new Silk Road plan, the Foreign Ministry said on Saturday, after the United States warned China that North Korea’s attendance could affect other countries’ participation. Two sources with knowledge of the situation said the U.S. embassy in Beijing had submitted a diplomatic note to China’s foreign ministry, saying that […]
What should we make of the global ransomware attacks which happened today? We’ve documented that the intelligence services intentionally create digital vulnerabilities, then intentionally leave them open … leaving us exposed and insecure. Washington’s Blog asked the highest level NSA whistleblower ever* – Bill Binney – what he thinks of the attacks. Binney told us: This is what I called short sighted finite thinking on the part […]
