News

Tue, 16 May 2017 04:57:19 GMT

North Korea believed to be involved in recent hacker attack

Cyber security researchers believe that the recent global hacking by the WannaCry malware could be linked to North Korea, as the preliminary code examination showed traces of a virus originated from a North Korean hacker group.

Tue, 16 May 2017 04:28:00 GMT

South Korea fines two major banks

According to the South Korean anti-trust regulator, two major banks, BNP Paribas and Deutsche Bank AG were fined $94,000 and $63,000, respectively, over rigging in currency forwards auctions.

Tue, 16 May 2017 02:55:11 GMT

Hackers threaten to publish unreleased film, Disney says

Hackers claimed that they have access to an unreleased Walt Disney movie and threaten to release it unless the ransom is paid, the company's CEO Robert Iger said.

Tue, 16 May 2017 02:52:22 GMT

Ford Motor to reduce workforce by about 10%

Ford Motor is expected to cut about 10% of its total employee headcount, targeting to reduce costs by $3B in 2017 in order to increase profitability in the following year.

Tue, 16 May 2017 02:07:10 GMT

Top Mexican and US trade officials discuss NAFTA talks schedule

Wilbur Ross, the US Treasury Secretary, and Ildefonso Guajardo, Mexican Economy Minister, met in Washington to discuss the schedule for renegotiating the NAFTA agreement.

Tue, 16 May 2017 02:00:06 GMT

US disclose intelligence secrets to Russia

Donald Trump revealed highly classified information to Sergei Lavrov, the Russian Foreign Minister, on a planned operation in Islamic State, two US officials said.

Mon, 15 May 2017 20:05:12 GMT

Greece to loosen capital restrictions

Greece unveiled a draft plan for the gradual loosening of capital restrictions it introduced back in 2015 to protect the country's banks.

Mon, 15 May 2017 20:04:35 GMT

Trump: new FBI head search "moving rapidly"

On Monday, the US President Donald Trump told reporters the process of finding a new FBI head to replace James Comey was "moving rapidly".

Mon, 15 May 2017 19:10:25 GMT

PIMCO downgrades US core inflation forecast for 2017

The global investment management company PIMCO has revised downwards its year-end forecast for the US core inflation on the back of the soft April CPI print.

Mon, 15 May 2017 19:10:00 GMT

Philadelphia accuses Wells Fargo of violating Fair Housing Act

On Monday, the City of Philadelphia filed a lawsuit against Wells Fargo, accusing the major US lender of breaching the federal Fair Housing Act.

Mon, 15 May 2017 18:16:31 GMT

Austria's Kern calls for talks on timing of snap election

On Monday, Christian Kern, the Austrian Chancellor, urged the country's parties to hold negotiations on the potential timing of a quick election.

Mon, 15 May 2017 18:12:55 GMT

Renault-Nissan production back to normal after cyber attack

Following the recent cyber attack that caused a massive disruption in Renault-Nissan operations, the Franco-Japanese carmakers' alliance said it had resumed nearly all production.

Mon, 15 May 2017 17:04:57 GMT

New Zealand and Australia almost unaffected by ransomware attack

The two Asia-Pacific countries appeared to be almost unaffected by the massive ransomware attack that has hit over 200K computers worldwide since Friday.

Mon, 15 May 2017 17:03:59 GMT

Germany to move its troops if Turkey denies German lawmakers' visit

Speaking at a news conference on Monday, Angela Merkel said Germany would move its troops from Turkey if Ankara continues to bar German lawmakers from entering the country.

Mon, 15 May 2017 16:19:24 GMT

Edouard Philippe named France's PM

On Monday, the newly-elected French President Emmanuel Macron has appointed the 46-year-old politician Edouard Philippe to the post of the Prime Minister.

Mon, 15 May 2017 16:16:26 GMT

US NAHB Housing Market Index up two points in May

The US National Association of Home Builders HMI jumped two points to hit the 70 mark over the course of May, an evidence of strengthening housing market.

Mon, 15 May 2017 14:59:15 GMT

Hamilton Insurance, AIG and Two Sigma Insurance extend cooperation

AIG, Hamilton Insurance and Two Sigma Insurance announced they had signed a MoU to extend their partnership in order to bolster the companies' role in evidence-based underwriting.

Mon, 15 May 2017 14:58:41 GMT

NY business activity levels off in May

On Monday, the Empire State Manufacturing Survey revealed the New York State headline business morale index slid to -1.0 in May, while economists had predicted a 7.2 reading.

Mon, 15 May 2017 14:24:22 GMT

13 injured amid Schaeffler plant blast in Germany

At least 13 people were injured in an explosion of the Schaeffler ball-bearings factory in Germany on Monday.

Mon, 15 May 2017 13:58:45 GMT

Duperreault becomes new AIG Chief Executive

On Monday, the American International Group appointed Brian Duperreault as the corporation's new CEO with intention to boost the AIG performance following Duperreault's turnaround expertise.

Mon, 15 May 2017 13:34:25 GMT

UK declines to reveal talks' details with Bentley on Brexit deal

Britain declined to reveal the details of the Brexit talks with the luxury automaker Bentley Motors, saying that it should remain confidential as any leakage might harm the deal with the EU.

Mon, 15 May 2017 13:23:50 GMT

EU urges Venezuela to hold elections to end protests

Foreign Ministers of the European Union called Venezuela for snap elections that could help to cease demonstrations against the President Nicolas Maduro that left dozens people dead.

Mon, 15 May 2017 11:51:42 GMT

Network security stocks jump amid ransomware cyber attack

Shares of the London cyber security firms skyrocketed with 7% jump of the Sophos firm and 2.9% climb of the NCC Group as the "WannaCry" ransomware attack hit the world.

Mon, 15 May 2017 11:51:25 GMT

UK Conservatives hold 18 points lead in election race

According to polls, 48% of the UK citizens support Theresa May's Conservative Party, while only 30% back the opposition Labour Party ahead of the June 8 Election.

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