Markets
Microsoft's President Reflects On Cyberattack, Helping Pirates And The NSA
The tool was one of many linked to the NSA that were leaked online a year ago, then finally decrypted in April for use by anyone with the requisite coding skills. "The governments of the world should treat this attack as a wake-up call". For the most part, civil liberties groups are siding with Microsoft. The attack stoked fears that the spy agency's powerful cyber weapons could now be turne... [Full Article...]
US Households Owe Record Amount, Topping Pre-Recession Peak
Those changes suggest households are still cautious about taking on debt to fuel day-to-day consumption. As of the first quarter, 67.8% of total household debt was in the form of mortgages; in the third quarter of 2008, mortgages were 73.3% of total debt. [Full Article...]
Chelsea's Premier League title triumph in numbers
Activist backtracks on BHP plan
BHP Billiton Ltd.is considering further sales of its USA shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. Mackenzie gave a speech to the conference on Tuesday where he reiterated his confidence in boosting the value of the company by up to 50% and nearly double the return on capital, through cutting costs and carefully managing assets. [Full Article...]
Security researchers: North Korea possible source of WannaCry cyber attack
Choi introduced that he unintentionally contacted a North Korean hacker past year, stumbling onto a plot to develop a type of ransomware. "Our researchers analysed this information, identified and confirmed clear code similarities between the malware sample highlighted by the Google researcher and the malware samples used by the "Lazarus Group" in 2015 attacks", Altaf Halde, Managing Director of... [Full Article...]
German prosecutors investigating VW's Mueller over scandal
The carmaker is owned by holding company Porsche SE and said in a statement that it had fully complied with all disclosure rules. Two Porsche executives are under investigation over their role in Volkswagen's emissions scandal. It has agreed to at least $16 billion in civil settlements with environmental authorities and vehicle owners in the United States, and to a $4.3 billion criminal pena... [Full Article...]
US Extends Iran Nuke Sanctions Relief, Adds Other Sanctions
The US imposed sanctions against officials of Iran and one Iranian company in connection with a programme to develop ballistic missiles in the country. "I will continue to monitor this situation closely", Trump added. "We urge our partners around the world to join us in calling out individuals and entities who violate worldwide sanctions targeting Iran's human rights abuses ". [Full Article...]
Intel Sharing at Heart of US, Europe Talks on Laptop Ban
New security measures could result in major logistical disruptions at airports, and airlines might face reduced demand for lucrative tickets. Alexandre de Juniac, IATA's director general, has said the plans could cost the industry dearly in a strongly-worded letter to John Kelly , the US Homeland Security Secretary and Violeta Bulc, the European Transport Commissioner. [Full Article...]