Economy

Cyber security expert Dr Aleksandar Valjarevic said the best way to prevent cyber attacks was to update software. 'There has been one incident of the ransomware hitting a business here in Australia and there could be two other incidents where it has occurred although we are trying to confirm that , ' he said.
  • China's 1st big passenger jet completes maiden flight

    China's 1st big passenger jet completes maiden flight

    Economy

    The first C919 passenger jet made by the Commercial Aircraft Corp of China (Comac) is pulled out during a news conference at the company's factory in Shanghai. Airbus delivered 153 aircraft to Chinese operators previous year, including 141 from the A320 family, Eric Chen, president of Airbus Commercial Aircraft China, said in an emailed statement.
  • "ShadowBrokers" threatens to release more cyber attack tools

    Economy

    In April, the hacker collective known as the Shadow Brokers, released a trove of Windows exploits and hacking tools which they claimed to have stolen from the NSA's cyber stockpile. It has not responded to repeated requests for comment about the ransomware attack. Although experts say the Shadow Brokers do not appear to have been directly involved in the WannaCry crisis, leaking the exploit in the first place was a major step toward facilitating the attack.
  • Applications for US jobless aid fell to 3-month low of 232K

    Applications for US jobless aid fell to 3-month low of 232K

    Economy

    The number Americans on unemployment fell mid-May to the lowest level since 1988, underscoring the strongest labor market in years. Claims have been below 240,000 for the past 3 weeks and the sustained low level of initial claims continues to indicate that layoffs are running at very low levels.
  • No politician treated 'more unfairly,' Trump says

    Economy

    That wide net would capture in particular memos reportedly alleging the President asked Comey to back off his investigation of former national security advisor General Michael Flynn over his contacts with Russian officials and instead suggested he consider imprisoning journalists publishing leaks of classified information .
  • G7 finance chiefs talk cyber security in wake of attacks

    G7 finance chiefs talk cyber security in wake of attacks

    Economy

    Trade had been left off the official agenda, the Financial Times reported , to avoid the controversial issue of protectionism, which has led to diplomatic friction between the members and the administration of U.S. "We don't want to be protectionist, but we reserve our right to be protectionist to the extent that we believe trade is not free and fair", Mnuchin said at a news conference after the Bari meeting.
  • Ransomware cyber attack hits Bangladesh too, 30 cases reported so far

    Economy

    WannaCry is a ransomware that feeds on a particular Windows exploit and encrypts user data until they pay up. But the catch is obvious - WannaCry and its creators have no obligation to decrypt the data if the user pays up. Usually the payment is made in the form of Bitcoins . That wasn't done here. Reports have it that sixteen National Health Service (NHS) organizations in the United Kingdom have been reportedly hit with some of the hospitals cancelling outpatient appointments.
  • US, China Reach Preliminary Trade Agreements on Beef, Poultry

    US, China Reach Preliminary Trade Agreements on Beef, Poultry

    Economy

    More demand for their product will allow for an increase in prices. By day 100, which is July 16, China agreed it would issue guidelines allowing card payment services that are US owned to start their licensing process in an industry where UnionPay in China has been almost a monopoly.
  • Oil prices rise on expectation of extended crude supply cut

    Economy

    Both had posted addition gains of about another 40 cents earlier in the morning before retreating. In November 2016, OPEC member states reached an agreement to cut oil production by 1.2 million barrels per day in the first half of 2017 to boost global oil prices.
  • Duterte warns of thousands more drug killings

    Duterte warns of thousands more drug killings

    Economy

    More than 8,000 people have been killed in the Philippines since Duterte became president last June, with police claiming 30 percent of killings happened in self-defence during legitimate operations. In total, the European Union has contributed more than $1 billion over the last four decades to reduce poverty in the country and is one of the primary aid donors for the Philippines , the delegation said.