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Bitget probes breach with Mandiant and SlowMist

Cryptocurrency exchange Bitget has published independent findings from Mandiant and SlowMist into its September 24 security breach, with both investigations tracing the intrusion to compromised third-party security products that enabled unauthorised access to the exchange’s wallet environment. The disclosure sharpens the explanation of an incident initially valued at about $351.6 million and later revised to approximately $387.5 million after additional on-chain tracing identified affected transactions involving Zcash […]

October 03

Media Business Network unveils redesigned digital platform

Media Business Network has introduced a redesigned website aimed at simplifying access to its projects, services, news and business opportunities as the Dubai-based company sharpens its focus on content, public relations and hospitality-focused marketing distribution. The refreshed platform presents MBN’s activities around three principal business areas and provides a more structured route for clients, advertisers and media partners seeking information about the company’s operations. MBN said the […]

October 02

Specialised surgical video sharpens robotic vision models

A large-scale study of surgical video intelligence has found that models trained to predict motion and structure from specialist operating footage can outperform broader visual systems across multiple surgical understanding tasks, strengthening the case for domain-specific foundations in future robotic assistance. Researchers behind SurgMotion, a video-native foundation model, trained the system on 3,658 hours of surgical video drawn from 50 sources and spanning 13 anatomical regions. The […]

September 18

Satellite tracking sharpens Nepal glacier flood warnings

Scientists examining Nepal’s catastrophic August glacier collapse have identified accelerating movement in satellite images before the slope failed, strengthening hopes that high-resolution monitoring could provide warning of some future Himalayan glacier disasters. The 26 August failure high in the Lhende catchment near the Nepal-China border sent ice, rock, mud and water down the Bhote Koshi-Trishuli river system, devastating settlements and infrastructure. Nepalese authorities say the disaster has […]

September 08

New York tree map sharpens urban cooling strategy

Researchers have mapped and classified about 1.8 million individual trees across New York City, creating a citywide database designed to improve decisions on urban cooling, air quality, flooding and public health. The project combines high-resolution satellite imagery, airborne laser measurements and ground-level tree records to identify trees across streets, parks, private property and natural areas. About 1.4 million of the trees had not previously been covered by […]

August 29

Himalayan flood disaster sharpens climate warning

Greenlogue/AP Flooding along the Nepal-Tibet frontier has killed at least 633 people and left nearly 3,000 missing, intensifying warnings that warming temperatures are making high-mountain communities increasingly vulnerable to catastrophic collapses of rock, ice and water. Rescue teams were searching devastated valleys on Saturday after the August 26 disaster sent a torrent of ice, boulders, mud and water through settlements, roads, bridges and hydropower facilities. Nepal had […]

August 29

AI sharpens cyber battle across financial markets

Artificial intelligence is accelerating both cyber attacks and defensive capabilities across India’s securities market, prompting the Securities and Exchange Board of India to warn that gaps in technology, skills and third-party security could expose the wider financial ecosystem. SEBI Executive Director Avneesh Pandey has described cybersecurity as an escalating contest in which attackers repeatedly probe financial systems while gaining access to increasingly sophisticated AI-enabled tools. The technology […]

August 21

Arunachal patrol row sharpens China border dispute

By Vishnu Raja Leader of Opposition Rahul Gandhi has stepped up pressure on the government over allegations that Chinese troops have prevented Army patrols from reaching traditional points in Arunachal Pradesh, turning a localised border dispute into a fresh political confrontation over the handling of China. Gandhi said on Friday that the Army had been stopped from patrolling at several locations and described the development as “extremely […]

August 15

Iran sharpens military posture as US talks stall

Iran has reshaped its military leadership around battle-tested hardliners and ordered stronger offensive capabilities as negotiations with the United States remain deadlocked, signalling that Tehran is preparing for a prolonged confrontation rather than an early settlement to the Gulf war. Supreme Leader Ayatollah Mojtaba Khamenei has appointed six senior commanders across the Armed Forces General Staff, Islamic Revolutionary Guard Corps and Basij, placing veterans with extensive operational, […]

August 13

Everest encryptor sharpens ransomware disruption tactics

A newly examined Everest ransomware encryptor has exposed a sharper technical playbook built to weaken recovery, obstruct analysis and expand damage across dormant network systems before encryption begins. The Windows payload, identified as hlntqyun. exe, is a 114 KB C# assembly compiled for. NET Framework 4.0 and protected with ConfuserEx, a widely abused obfuscation tool used to frustrate static malware analysis. The sample carries the SHA-256 hash […]

July 09

Lilly pill sharpens race in obesity drugs

Eli Lilly’s once-daily weight-loss pill orforglipron has strengthened its case as a potential mass-market challenger to oral semaglutide after a large head-to-head trial showed stronger reductions in body weight and blood sugar among adults with type 2 diabetes. The late-stage ACHIEVE-3 study compared two doses of orforglipron with Novo Nordisk’s oral semaglutide, sold for diabetes as Rybelsus, over 52 weeks. At the highest tested dose, orforglipron cut […]

July 08

DXC Bengaluru hub sharpens AI delivery push

DXC Technology has opened a 200,000-square-foot Customer Experience Centre in Bengaluru, placing the city deeper into the global race to move enterprise artificial intelligence from pilot projects into live, measurable business systems.

The facility, announced on 7 July, is one of DXC’s largest global delivery hubs and brings together customer collaboration areas, an AI Hub, cybersecurity facilities, forensics labs, a Security Operations Centre and a Network Operations Centre. The centre is designed to help clients identify high-value AI use cases, test prototypes, integrate them with legacy platforms and operate them at scale.

The move comes as large companies are under pressure to modernise complex technology estates without disrupting core systems that run banking, insurance, manufacturing, public sector services, travel and healthcare operations. For global IT services firms, the most valuable opportunity now lies not only in building new AI tools, but in attaching them safely to ageing systems of record, cloud platforms, data pipelines and cybersecurity controls.

DXC said the Bengaluru site includes immersive Customer Experience Zones, Fluid Collaboration Hubs, Ideation Studios, Co-Creation Labs and Partner Experience Zones. The structure signals a shift in IT outsourcing from back-office delivery to co-engineering, where clients, consultants and technology partners work together on proof-of-value projects before wider deployment.

Ramnath Venkataraman, president of consulting and engineering services at DXC Technology, said the centre would bring engineering talent closer to customers and partners. He said the objective was to “co-create, engineer, and scale AI-powered solutions” that address complex business challenges and move clients faster from ideas to outcomes.

Rob Le Busque, DXC’s president for Asia Pacific and Japan, described the centre as a base for AI innovation, engineering and customer collaboration. He said DXC was aiming to help customers build connected enterprises where people work alongside AI agents to engineer and run systems of record.

The investment reflects Bengaluru’s continuing pull as a global technology hub. The city hosts a dense base of engineering talent, multinational technology development centres, enterprise software teams and start-up ecosystems. DXC already employs about 38,000 people in the country, making the new facility a strategic addition rather than a symbolic office expansion.

For DXC, the centre also arrives at a critical phase in its own turnaround. The company reported revenue of $12.64bn for fiscal 2026, down 1.8 per cent year on year, while adjusted EBIT stood at $970m. Fourth-quarter revenue was $3.13bn, down 1.2 per cent year on year, though bookings reached $3.3bn and the book-to-bill ratio stood at 1.07 times. Those figures underline both the pressure on legacy IT services revenue and the importance of higher-value modernisation work.

The enterprise AI market has moved beyond experimental chatbots and isolated productivity pilots. Large organisations are now seeking systems that can automate service operations, assist software engineering, improve fraud detection, support call-centre workflows, optimise supply chains and strengthen cyber response. The challenge is that many of these functions depend on decades-old enterprise platforms, heavily customised databases and compliance-heavy workflows.

That is where Bengaluru’s new DXC centre is positioned. Its AI Hub is intended to support hands-on development and testing, while the cyber and operations facilities allow clients to evaluate whether AI tools can be monitored, secured and maintained after deployment. This full-lifecycle approach is becoming central to enterprise modernisation, especially in sectors where downtime, data leakage or flawed automation can carry heavy financial and regulatory consequences.

The facility also strengthens DXC’s partner-led model. Its Partner Experience Zones are expected to support work with software, cloud, cybersecurity and platform companies. For IT services providers, alliances with hyperscalers and enterprise software vendors have become essential as clients seek hybrid solutions rather than single-vendor transformation programmes.

July 08

Parrot 7.3 sharpens security desktop performance

Parrot OS 7.3 has been released with a clear emphasis on faster execution, cleaner images and smoother daily use, marking a refinement-led update for the security-focused Linux distribution rather than a broad expansion of its tool catalogue. The update rebuilds every edition of the operating system and targets two areas that matter to security researchers, penetration testers, developers and privacy-focused users: better performance on modern hardware and […]

July 04

TimbreStealer sharpens attacks on Mexico firms

Mexico-focused companies are facing a sharper wave of TimbreStealer attacks as operators behind the information-stealing malware combine tax-themed phishing with cloud-hosted delivery, DLL side-loading and layered evasion designed to defeat automated analysis. The campaign marks a technical step-up for a malware family first tracked in late 2023, when attackers used fiscal and invoice lures to push an obfuscated stealer at users in Mexico. The latest activity keeps […]

July 04

Canvas breach sharpens UK campus cyber warning

The UK’s Cyber Monitoring Centre has warned universities and colleges to reassess cyber resilience after a breach at Canvas exposed student and staff data across about 160 higher education institutions while causing less financial disruption than feared. The assessment found that the incident fell below the threshold for a formal Category 1 national cyber event, which requires losses of at least £10m or an impact on more […]

June 28

EU sharpens Meta child safety case

Brussels is preparing to intensify its child-safety case against Meta Platforms, widening pressure on Facebook and Instagram over allegations that their design and recommendation systems keep children engaged in potentially harmful ways. The European Commission’s investigation is focused on whether Meta has done enough under the Digital Services Act to assess and reduce risks to minors, including so-called rabbit-hole effects, addictive design features and weak age controls. […]

June 23

Gumi sharpens XRP treasury push

Tokyo-listed game developer Gumi has moved to deepen its exposure to XRP, positioning the token at the centre of a broader restructuring that shifts the company further beyond mobile games and into blockchain-linked financial infrastructure. The Shinjuku-based company is consolidating digital asset operations under a “Neo Crypto Business” pillar, alongside its “Neo Media Entertainment Business”, as it seeks to become one of Japan’s most prominent corporate holders […]

June 20

Nvidia debt rush sharpens AI market bet

Nvidia has raised $25 billion through its largest bond sale, drawing a wave of investor demand that underlines Wall Street’s confidence in long-term artificial intelligence spending despite rising questions over the cost of the global data-centre buildout. The Santa Clara-based chipmaker priced the investment-grade deal on June 15 after initially targeting at least $20 billion. Orders reached about $85 billion, allowing the company to expand the transaction […]

June 17

DMCC and Tether advance Dubai tokenisation push

Dubai’s DMCC has signed a strategic memorandum of understanding with Tether, the issuer of the USDT stablecoin, to expand collaboration in blockchain infrastructure, digital assets and tokenised finance, placing one of the world’s largest stablecoin operators deeper inside the emirate’s fast-growing digital trade ecosystem. The agreement, announced on 16 June, sets out a framework for Tether to work with DMCC on blockchain-based communication and payment infrastructure, advisory […]

June 16

AI sharpens phishing despite lower volumes

Phishing is entering a leaner but more dangerous phase, as attackers use artificial intelligence, encrypted delivery and session hijacking kits to turn fewer attempts into higher-value intrusions. Zscaler’s ThreatLabz 2026 Phishing and Initial Access Report says overall phishing volume fell by about 20% year on year for a second consecutive year, but the decline masks a shift towards campaigns built for speed, credibility and credential theft. The […]

June 12

Fake bug reports expose coding agents

AI coding agents can be manipulated into running attacker-chosen code through ordinary-looking bug reports, exposing a fresh security gap in the fast-expanding market for autonomous software development tools. Tenet Security researchers have described a technique they call “agentjacking”, in which a hostile actor plants malicious instructions inside a fake software error report and waits for a coding agent to read it during routine debugging. The attack does […]

June 11

RBI swap window sharpens dollar pull

A small change in central bank wording has given banks fresh room to mobilise foreign-currency deposits, potentially drawing as much as $50 billion into India at a time when the rupee and external balances are under pressure.

The Reserve Bank of India’s June package centres on Foreign Currency Non-Resident Bank deposits, or FCNR deposits, a long-used channel through which overseas citizens place foreign-currency funds with banks. The decisive shift lies in the way the central bank has structured the swap window and permitted banks to use incentives, including leverage, to make the deposits more attractive to wealthy overseas savers.

Under the scheme, banks can mobilise fresh three- to five-year FCNR deposits between 8 June and 30 September 2026 and swap the dollars with the RBI. The facility effectively removes the usual hedging burden that makes such deposits expensive for banks, as the central bank absorbs the foreign-exchange cost. The operational window will remain available until mid-October for eligible deposits raised during the mobilisation period.

The change has revived memories of 2013, when a similar facility helped banks raise about $34 billion during a period of sharp rupee weakness. This time, estimates from market participants range from about $20 billion to nearly $50 billion, depending on deposit pricing, rupee expectations, global interest rates and the ability of banks to market the product aggressively in the Gulf, North America, Britain and other diaspora-heavy markets.

Punjab National Bank chief executive Ashok Chandra has said banks could collectively raise $35 billion to $40 billion, with his own institution aiming for about $2.5 billion to $3 billion. Other lenders, including Canara Bank, Federal Bank and Indian Bank, are expected to compete for deposits by offering returns that can compare favourably with low-risk dollar assets, particularly once the swap benefit is factored into their pricing.

The subtle but consequential part of the circular is the permission for banks to offer leverage to depositors. That means eligible clients may be able to borrow abroad and place the proceeds into FCNR deposits, amplifying inflows beyond what would have arrived through ordinary savings alone. Market analysts see this as the feature that could lift the scheme from a modest stabilisation tool into a sizeable capital-flow channel.

The RBI has paired the deposit push with broader measures designed to deepen debt-market participation and ease pressure on the currency. These include expanding access to government securities, relaxing certain concentration limits, and improving the investment framework for foreign portfolio investors. The package comes after the rupee touched record lows, weighed down by elevated crude prices, portfolio outflows and a stronger dollar environment.

The immediate market reaction has been visible in government bonds. Short-end yields have fallen as banks and overseas investors reassessed the likely liquidity impact of dollar inflows converted into rupees. The two- to five-year segment has drawn stronger demand, while the curve has steepened as longer tenors remain more exposed to global rate movements and fiscal supply concerns.

For banks, the economics are straightforward. Without central bank support, hedging a multi-year dollar liability into rupees can wipe out much of the advantage of raising FCNR deposits. With the RBI taking that cost away, lenders can offer higher headline rates to overseas depositors while still obtaining rupee liquidity at competitive levels. The exemption from reserve requirements on eligible deposits further improves the economics by freeing banks from maintaining cash reserve ratio and statutory liquidity ratio buffers on those funds.

The policy also serves a macroeconomic purpose. Large dollar inflows can strengthen reserves, cushion the balance of payments and reduce the need for more aggressive currency-market intervention. They can also help offset pressure from oil import costs and equity-market withdrawals, both of which have weighed on external sentiment during the current financial year.

Yet the scheme carries risks. Leveraged deposits can be sensitive to interest-rate differentials and currency expectations. If global yields move sharply higher or confidence in the rupee weakens, flows may become less durable. The one-year lock-in reduces early withdrawal risk, but it does not fully eliminate rollover pressure once deposits mature. Banks also need to manage concentration risk, especially if a large share of funds comes from a narrow group of depositors or geographies.

June 10

Oman sharpens pitch for global capital

Arabian Post Staff -Dubai Oman is moving to convert fiscal repair and regulatory reform into a stronger claim on international capital, positioning the International Financial Centre of Oman as the centrepiece of a drive to attract financial institutions, fund managers and professional services firms. The push comes as Muscat benefits from a restored investment-grade profile after several years of debt reduction, spending restraint and higher policy credibility […]