By Jeremy Wagstaff | SINGAPORE SINGAPORE Some hospitals, schools and universities in Asia were hit by a global cyber attack which infected tens of thousands of computers in Europe and the United States, but officials and researchers said the extent of any damage may not yet be known. China’s official news agency Xinhua said secondary schools and universities were hit, but did not say how many or […]
Bonds issued by commodity trader Noble Group have fallen, mirroring a sharp decline in its share price, amid growing concerns about the company’s ability to manage its debt load and secure liquidity from banks. Noble’s recently issued 8.75 per cent 2022 notes have fallen from 97 cents on the dollar this week to just 53 cents, pushing the yield up to about 27 per cent, according to […]
BUSBARI, Italy Financial leaders of seven leading world economies pledged stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stuck to their cautious wording on trade, their final communique showed. Finance ministers and central bank governors from the United States, Canada, Japan, France, Germany, Italy and Britain met in the Italian city of Bari to discuss the world […]
13 May 2017 Riyadh – Etihad Etisalat (Mobily) represented by its Channel Sales Dept, and in collaboration with its partners (Mishbah Co – AlHadad Co – Qanawat Co – Safari Co – Digico) honored distinguished wholesale point of sales in a ceremony held recently at Novotel Al Anoud Hotel in Riyadh with the presence of Mobily top management and Heads of Mobily partners. This comes out of […]
An exterior view shows the main entrance of St Bartholomew’s Hospital, in London, one of the hospitals whose computer systems were affected by a cyberattack, Friday, May 12, 2017. A large cyberattack crippled computer systems at hospitals across England on Friday, with appointments canceled, phone lines down and patients turned away. (AP Photo/Matt Dunham) Teams of technicians worked “round the clock” Saturday to restore hospital computer systems […]
Ransomware: Everything you ever wanted to know The ransomware attacks that forced hospitals across the UK to turn away patients are apparently part of a larger wave of ransomware infections worldwide. Prime Minister Theresa May said: “This is not targeted at the NHS, it’s an international attack and a number of countries and organisations have been affected,” according to the BBC. As well as the UK, where […]
Raneem Almohandes has been named the winner of Unilever’s Forsaty campaign, an online competition to discover the next female vlogging star in the region. The 22-year-old Egyptian beat hundreds of contestants from 30 different nationalities to receive a cash prize of $35,000, a one-year contract with Unilever, plus mentorship and workshops from YouTube. The passionate vlogger’s style is best captured in a message on her YouTube channel […]
TUNIS Several thousand Tunisians marched through central Tunis on Saturday to protest against a bill that would grant amnesty to businessmen accused of corruption when autocrat Zine El-Abidine Ben Ali was in power. Critics of the Economic Reconciliation bill say it is a step back from the spirit of Tunisia’s 2011 revolution to oust Ben Ali but government officials say it is a way get the businessmen […]
“The hope that consumer and business spending will surge is probably just that, hope.” – Joel Naroff, President of Naroff Economic Advisors and TDn2K Economist So another chain restaurant is “preparing” to bite the dust. Ignite Restaurant Group, which operates the Joe’s Crab Shack chain with 113 locations and the Brick House Tavern chain with 25 locations, and used to operate the Romano’s Macaroni Grill […]
By David Lawder and William Schomberg | BARI, Italy BARI, Italy The United States said on Saturday the world’s other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington’s shift. Officials from the Group of Seven nations met in southern Italy hoping to hear more about Trump’s plans which they fear will revive […]
A senior Dubai Expo 2020 official has given a rare glimpse into what it will take for the emirate to host the six-month mega event. Marjan Faraidooni, senior vice president, Legacy Development and Impact at Expo 2020 Dubai, revealed that 500,000 meals will need to be provided on the Expo site every day from October 20, 2020 to April 10, 2021 when it closes. About 34,000 tonnes […]
By Kay Johnson | ISLAMABAD ISLAMABAD Pakistan signed new deals with China on Saturday worth nearly $500 million ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said. The memorandums of understanding add to $57 billion already pledged for the China-Pakistan Economic Corridor (CPEC), a network of rail, road and energy infrastructure that is part […]
The huge cyberattack wiped out display screens at rail stations in Germany Cyber security experts rushed to restore systems on Saturday after an unprecedented global wave of cyberattacks that struck targets ranging from Russia’s banks to British hospitals and a French carmaker’s factories. The hunt was on for the culprits behind the assault, which was being described as the biggest cyber ransom attack ever. State agencies […]
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 […]
Oracle this week launched its API platform cloud service, a part of the Oracle Cloud platform that delivers “end-to-end capabilities for designing, prototyping, documenting, testing, and managing the proliferation of critical APIs,” Oracle said in its release. The launch follows Oracle’s acquisition of Apiary, a startup that provided API development tools. The new platform effectively combines Apiary’s API design and governance platform with Oracle’s API management capabilities. […]
Oman was cut to junk by S&P Global Ratings, which said a drop in crude could hamper exports from the largest Arab oil producer outside OPEC and jeopardize its finances. S&P lowered the Gulf state’s sovereign debt long-term rating to BB+, one level below investment grade, from BBB- and changed the outlook to negative, the New York-based firm said in a statement Friday. “The negative outlook reflects […]
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 […]
UAE residents, many of whom face a long commute each day, turn to a tried and tested wake-up option to supplement their morning coffee. It features a solid base of upbeat tunes, a dash of local news, a spoonful of friendly banter and a sprinkling of competitions – which together make up the potent concoction we call breakfast radio. For many listeners, it is what makes the […]
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 […]
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 […]
· Masaken to open UAE branch to explore new investment and strategic partnership opportunities · Board of Directors decides to study available investment opportunities before increasing firm’s capital 13 May 2017 Abu Dhabi, UAE – The Board of Directors of Masaken for Land and Industrial Development Projects (Masaken Capital), a company listed in Amman stock exchange, held its third meeting in 2017 on Thursday, 11 May, […]
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,” […]
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 […]
WannaCrypt/WannaCry ransomware has affected Windows XP systems across the globe. Image: Cisco Talos Microsoft has taken the unprecedented step of issuing patches for unsupported operating systems – like Windows XP – in the wake of the massive WannaCrypt ransomware attacks against organisations across the globe. Businesses, governments and individuals in 74 countries across the globe have been victims of more than 45,000 attacks by this one strain […]
