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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 […]

BEIJING Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official said on Sunday. Yug Raj Pandey, an under secretary at Nepal’s Ministry of Finance, told Reuters the proposed 550 kilometre-long railway would connect China’s western Tibet […]

Dubai on Monday unveiled a new website to enhance awareness of the city as a top global destination for golf tourism. Launched at the Asia Golf Tourism Convention (AGTC) in Danang, Vietnam, golfindubai.com provides information on courses designed by legends including Ernie Els, Sir Nick Faldo, Colin Montgomerie and Greg Norman, as well as details on leisure and practice facilities and wider hospitality offers. A video of […]

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 […]

By Ju-min Park and Jack Kim | SEOUL SEOUL North Korea fired a ballistic missile on Sunday in defiance of calls to rein in its weapons programme, South Korean and U.S. officials said, days after a new leader took office in the South, pledging to engage it in dialogue. The U.S. Pacific Command said it was assessing the type of missile but it was “not consistent with […]

BRUSSELS Dutch brewer Heineken (HEIN.AS) has launched a non-alcoholic version of its namesake beer with the aim of becoming the global leader in a part of the market growing faster than the average. The world’s second largest beer maker launched “Heineken 0.0” at the Spanish Grand Prix in Barcelona and will sell it in 17 markets, across Europe and also Russia and Israel, unlike rivals which have […]

ABU DHABI // Nuclear experts have proposed recommendations for governments on planning their use of energy sources. There is scepticism about the use of nuclear energy in some countries because of concerns about safety and security, said John Bernhard, a former Danish ambassador to the International Atomic Energy Agency. “A decisive element when introducing nuclear power or when increasing the use of it is, therefore, to take […]

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When we looked at subprime auto delinquencies most recently, we found some troubling trends: first, in February, we showed that 61+ day delinquencies in General Motors’ subprime securitization book would support a rather bleak thesis for future auto sales, and specifically the demand side of the equation, with January 2017 delinquency rates soaring to the highest levels since late 2009/early 2010.  Ironically, this hasn’t stopped lenders from […]

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 […]

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 […]

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 […]

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 […]

MP3 players had once been the de facto audiophile gadget, the thing you needed to have if you wanted on-the-go music sessions. Apple, in particular, has had a stake in the MP3 market for many years thanks to its continued refresh of the iPod line. Yet the most recent model, the sixth-generation iPod touch, was released as far back as 2015. That’s because in recent times, MP3 players […]

A massive global cyber attack engulfed one in five NHS trusts as some hospitals continued to ask all but emergency patients to stay away amid uncertainty over whether some non-urgent operations and appointments would go ahead next week. However, UK government officials suggested no key data had been lost from the ransomware attacks. A total of 48 trusts were hit by the cyber attack on Friday afternoon, […]

· du’s advanced Cloud Infrastructure is awarded during the distinguished Cloud MENA Award · du recognized as the best Managed Security Services Provider by Fortinet in the Middle East 13 May 2017 Dubai, UAE – du has received prestigious recognition for its Cloud and Managed Security Services during two awards ceremonies this May. The telecommunications provider was recognised as the Best Managed Security Services provider in […]

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 […]

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 […]

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 […]

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 […]

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,” […]

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