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Business

200000 cyberattack victims in 150-plus states: Europol

Europol said a special task force at its European Cybercrime Centre was "specially created to assist in such investigations and will play an important role in supporting the investigation". Russia has been one of the worst affected countries by the attack, with WannaCry crashing systems at Russian banks, phone networks and IT systems supporting transport infrastructure.

Business

Delta kiosk checks your face before you check your bag

Delta also noted in the release that it would be collecting customer feedback during the trial run of the machines, in order to make sure they improve the experience for travelers, the release said. And as more people become more comfortable (or at least tolerant) with the idea that privacy doesn't carry much weight at USA airports, the use of these types of scanning processes is likely to grow more frequent.

Business

Bank warns of 'moderate' growth as it keeps interest rates at 0.25%

Since February, Carney and his deputy Ben Broadbent have both highlighted the fact that the BoE's forecasts are based on a gradual increase in interest rates over the next few years - something that is not yet reflected in financial markets.

Business

Clark, Horgan, Weaver all say they're willing to work with other parties

She says she has worked with Green Party leader Andrew Weaver in the past and called him a "smart, thoughtful and reasonable guy". "Whether it's a majority or minority government that I lead, we are going to work hard with other parties ...

Business

Delta 'sorry' for booting family off a plane over seating mix-up

The 8-minute video was viewed almost 4 million times in the two days since it was posted. " Delta's goal is to always work with customers in an attempt to find solutions to their travel issues", the statement adds. After yet another viral video has surfaced of people being kicked off an overbooked plane. "It's a federal offense if you don't abide by it", she said.

Business

Asian shares gain, shrug off cyberattack, NK missile launch

Outside militaries and experts will closely analyze what the North fired. In the aftermath of the latest North Korean missile launch , meanwhile, American, European and Japanese military units gathered for war games in a group of remote US islands in the Pacific Ocean.

Business

Trump says he's 'looking at' breaking up big banks

Mr Trump also said he's open to increasing the USA petrol tax to fund infrastructure development, in a further sign that policies unpopular with the Republican establishment are under consideration in the White House . However, numerous big institutions at the center of the crisis were not banking behemoths but rather investment banks or, in the case of American International Group, an insurer.

Business

Trump adds trips to Saudi Arabia, Israel, Vatican before North Atlantic Treaty Organisation, G7 summits

Recent media reports suggested that Trump may have been snubbing the pope but there was also speculation the president sought to delay his first audience with the pontiff because he has not yet appointed a US ambassador to the Holy See to accompany him.

Business

Belt and Road needs to reject protectionism: Xi Jinping

These outcomes will lend strong support to the building of the Belt and Road, and serve to boost confidence from all parties to advance cooperation, he said. Closer economic integration "should change the very political and economic landscape of the continent, bringing Eurasia stability, prosperity", said Putin.

Business

United Kingdom spending money to strengthen cyber security of health system - Fallon

There have been calls for an inquiry into the circumstances surrounding Friday's major incident (May 12), with the Government and NHS chiefs facing questions over their preparedness and the robustness of vital systems. Jim Killock, the group's executive director, said: "US and United Kingdom security agencies kept a widespread vulnerability secret rather than telling the companies so they could fix it".

Business

Australia budget 2017: Treasurer implores banks to absorb tax

The government estimated the deficit for the current fiscal year ending June 30 will be AU$37.6 billion ($27.6 billion), AU$500 million ($367 million) worse than was forecast a year ago. The Treasurer also promised a "one-stop shop" for customer complaints aganst the banks called the Australian Financial Complaints Authority. He continued: "While similar taxes operate in other global jurisdictions, they were introduced to recover the cost of governments having to take over their banks".

Business

World braces for more cyberattacks as work week begins

Wainwright said he was concerned that the numbers of those affected would continue to rise when people returned to work on Monday morning. In a blog post , released by Microsoft on Sunday, they called the attack a "wake-up call" and identified "nation-state action and organised criminal action" as "the two most serious forms of cybersecurity threats in the world today".

Business

US Homebuilder Sentiment Climbs Higher in May

More Americans are seeking homes as job security has improved with low unemployment. "On net, year-to-date applications for new homes are running about 3 percent above the same period from 2016". economist at Pantheon Macroeconomics . Housing starts are expected to rise to an annual rate of 1.260 million in April after tumbling to a rate of 1.215 million in March.

Business

It appears BC has its first minority government in 65 years

Premier Christy Clark said Wednesday she intends to form a government and is willing to work with others to stay in office. Speaking to reporters the day after the vote, Weaver, whose party tripled its support earning three seats in the legislature, said he has no intention of rushing into an alliance with either the Liberals or NDP.

Business

Buffett: United Airlines Made A 'Terrible Mistake' In Passenger Incident

But the billionaire said on CNBC television that the incident did not undermine his investment strategy, in which his Berkshire Hathaway Inc BRKa.N became the largest investor in the airline's parent, United Continental Holdings Inc UAL.N .

Business

What does President Trump's tax plan look like?

The president told Bloomberg he was willing to surrender parts of the tax plan in negotiations with Congress but refused to specify which parts. He also repeated his call for a "reciprocal tax", which would be aimed at imposing levies on imports to match the rates that each country charges on US exports.

Business

Najib joins world leaders at Beijing Belt and Road Forum roundtable summit

Chinese President Xi Jinping urged world leaders to reject protectionism on Monday at a summit positioning Beijing as a champion of globalisation, as some countries raised concerns over his trade ambitions. Speaking at Beijing's Mao-era Great Hall of the People on Sunday night Xi claimed his " project of the century" would "add splendour to human civilisation" and help build a new era of harmony and trade.

Business

Brokers Issue New Targets On Occidental Petroleum Corporation (NYSE:OXY)

It has underperformed by 21.78% the S&P500. For trailing twelve months, EPS value for the stock is $-3.26. The counter witnessed a trading volume of 5.76 million shares versus an average volume of 3.92 million shares during last trading session.

Business

Amtrak Engineer Charged With Manslaughter for 2015 Crash

While local prosecutors declined to press charges, Pennsylvania law allows for private criminal complaints to be filed. The family submitted an affidavit stating that Bostian was going more than twice the speed limit. However, the National Transportation Safety Board concluded that nothing struck his locomotive. The crash happened in Philadelphia on May 12, 2015.

Business

ObamaCare Architect: GOP Health Care Bill is Inadequately Funded

The American Health Care Act, as passed in the U.S. House of Representatives, will increase costs and decrease coverage for lower-income and older Americans, while giving tax cuts to households with $250,000 or more in income. Blum insisted people would not lose Medicaid coverage, if they don't let their coverage lapse. Under the House bill, states now have the option of opting out of that provision.

Business

T dept launches new facility to link Aadhaar with PAN

Finance Minister Arun Jaitley, through an amendment to the Finance Bill for 2017-18, had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar to curb tax evasion through use of multiple PAN cards.

Business

Hope for improved China, South Korea relations after leaders speak

Moon is widely expected to seek engagement with North Korea to improve long-strained ties though Pyongyang's nuclear and missile programs are limiting his leeway for reconciliatory policies. "The North Korean situation is a very, very unsafe one for South Korea, for Japan, frankly for China and for the rest of the world". It wasn't clear whether Moon used the conversation to call for a renegotiation of the deal.

Business

China's Xi outlines plans for wide cooperation in trade plan

UN Children's Fund (Unicef) chief Anthony Lake on Monday praised the Belt and Road Initiative and said the organisation is happy to cooperate with China on it. "This project is set for uniting people, it is being created not only for development but also for the sake of achieving peace". They are also concerned about transparency and access for foreign firms to the scheme.

Business

Anger as North Korean missile lands in sea 100km from Russian Federation

They also acknowledged the importance of the role China is playing in its dealings with its North Korean ally. North Korean engineers "may well be able to draw warhead re-entry data from that which is applicable to their ICBM ambitions", he said.

Business

Derek Jeter Night Quickly Overtaken By Springer, Astros

During his remarkable career, Jeter recorded a franchise-record 3,465 hits, which also ranks sixth all-time in Major League Baseball history, ‎1,311 RBIs and 260 home runs. 2 will now be immortalized in Yankee Stadium's Monument Park alongside Babe Ruth's number 3 and Lou Gehrig's number 4. Houston, a big league-best 25-12, had been trying to move 15 games over.500 for the first time since the Astros went 89-73 in 2005 and won their only NL pennant.

Business

OPEC sees much higher oil supply from rivals in 2017

Energy Information Administration (EIA) this week, should give investors a clear picture of how quickly global crude inventories are falling, says CNBC . Also supporting prices were comments from Algeria's energy minister that Algeria and Iraq favour extending global supply cuts when OPEC meets this month.

Business

Plainfield: Happy Mother's Day

My mother is always with us all the time. We certainly can not negate the importance of mother's nurturing quality from our lives. You don't need me to tell you that its population of creatively ambitious and idiosyncratic shows has grown enormously, as has its population of cheaply made UCSs - Undiscovered Channel Shows, where you learn that a show is entering its third season and only then do you realize that (1) it exists and (2) your byzantine cable menu actually does get that ...

Business

Microsoft re-releases security update after cyberattacks

It holds the control towards our network or computer until we unlock the ransom. That's why it's called ransomware. Microsoft said it pushed out automatic Windows updates to defend existing clients from WannaCry . CERT-In has been on an overdrive advising critical infrastructure agencies including banks, airports, telecom networks and stock markets to take precautions against the ransomware attack by downloading software "patches".

Business

JPMorgan buys office building in Ireland amid Brexit fears

The news was welcomed by both the Minister for Jobs, Enterprise and Innovation Mary Mitchell O'Connor TD, who described it as a huge vote of confidence for the government's economic policies, Minister of State for Financial Services Eoghan Murphy TD, who said the move "reflects the increasing importance of Ireland as a gateway into the Single Market".

Business

FTSE 100 hits new record high but TUI Group falls

European commodity shares popped higher Monday, as oil and metals prices rose, but the gains weren't enough to keep most European equity benchmarks from tilting lower, MarketWatch reports . "When oil rises and China opens its [cheque] book, this helps to lift risk sentiment and act as a soothing balm, even though geopolitical risks are rising after frequent cyber attacks all over the world and North Korea tested its most advanced missile over the weekend", wrote Kathleen Brooks, research ...

Business

N.Korea Tests 'New' Missile

On its first launch the missile spun out of control into the Sea of Japan after traveling 34 miles, the second missile exploded seconds after launch and the most recent test two weeks ago resulted in the missile breaking up over North Korea after traveling 21 miles.

Business

China's economy slows in April as credit tightens

Private investment accounts for about 60 percent of overall investment in China . Analysts polled by Reuters had predicted factory output would grow by 7.1 per cent in April, and tipped fixed asset investment to rise 9.1 per cent in Jan-April.

Business

Venezuela hopes no country hinders China's 'fantastic' Silk Road initiative

To provide more funding for Belt and Road cooperation, China will also encourage financial institutions to conduct overseas yuan fund business with an estimated amount of about 300 billion yuan, Xi said. The United States and other governments have said "Belt and Road" is a natural outgrowth of China's status as the biggest global trader and they welcome the investment.

Business

Sprint and SoftBank start informal talks over T-Mobile merger

T-Mobile declined to comment on the reported talks. The U.S. Federal Communications Commission had barred merger talks among telecommunications companies for more than a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use.

Business

Snap Chat upgraded to Neutral By JP Morgan

Jefferies Group LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Snap in a report on Monday, April 17th. 68,971,017 shares of the company's stock were exchanged. The firm's quarterly revenue was up 285.6% on a year-over-year basis. The 50 day moving average of NYSE:SNAP is 21.78 and the 200 day moving average is 21.81.


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