U.S. President Donald Trump ordered his homeland security adviser, Tom Bossert, to hold an emergency meeting Friday night to assess the threat posed by a global computer ransomware attack in at least 150 countries, a senior administration official told Reuters. Senior security staff held another meeting in the White House Situation Room on Saturday, and the FBI and National Security Agency were trying to identify the perpetrators of the massive cyber attack, said the official, who spoke on condi

“Several cases here, it appears APT32 was conducting intrusions to investigate the victims’ operations and assess their adherence to regulations,” Carr said. The FireEye report highlights that victims included foreign companies that had a vested interest in Vietnam’s manufacturing, consumer products and hospitality sectors. “All cyber-attacks or threats to cybersecurity must be condemned and severely punished in accordance with regulations and laws.” Carr explained that the group lured victims u

In the aftermath of the last financial debacle earlier this decade, Germany’s hard-put euro area partners pleaded for solidarity – a short-hand for issuing euro area bonds to finance their deficit- and recession-ridden economies. Germany refused, arguing that the euro area was not a federal state with a unified fiscal policy. Here is what that problem looks like: The fiscal union implies a euro area federal state with a common management of public finances. would be managed by a euro area financ

United Airlines said Saturday that some cockpit door access information may have been made public, but said that it has measures in place to keep the flight decks on its aircraft secure. The airline did not say how the information became public, but said “we are working to resolve this issue as soon as possible.” King later said in an emailed statement to NBC Los Angeles that “the information was inadvertently made public.” “The safety of our customers and crew is our top priority and United uti

Forty-eight percent say it’s a bad idea, including 43 percent of respondents who “strongly” believe that. By contrast, just 23 percent call the legislation a good idea, including 18 percent who “strongly” say that. That 25-point gap between good idea and bad idea is larger than the NBC/WSJ poll ever found for Barack Obama’s health-care plan. According to the new NBC/WSJ poll, 52 percent of Republican respondents say the GOP health-care legislation is a good idea, versus 77 percent of Democrats w

Massive demand from China — the world’s largest energy consumer — has kept coal prices propped up higher. The shift away from coal and oil to natural gas has been credited with helping to reduce carbon emissions. The coal to natural gas switch in the Northeast is a microcosm of a dynamic taking place worldwide, as natural gas steals an increasing share of the global power mix. In fact, an increasing number of idle coal plants are being retrofitted to produce natural gas. Meanwhile, President Don

LiuGong already does business in 140 countries — 50 of which are specifically named in China’s “One Belt, One Road” plan. The company manufactures its construction equipment in China, Brazil, India and Poland, and is looking to expand into Russia. About one third of its revenue comes from overseas, and the firm is aiming to boost that to 50 percent. To get there, Zeng said he expects to invest at least $1 billion in international expansion. “I worry about the political risks and the market risks

Just 29 percent of Americans say they approve of President Donald Trump’s decision to fire FBI Director James Comey, while 38 percent disapprove, according to results from a new NBC News/Wall Street Journal poll. Another 32 percent of respondents don’t have enough to say on the matter.Yet among those who say they have read, seen or heard “a lot” about the firing, 53 percent say they disapprove, versus 33 percent who approve. (By comparison, the FBI has a 52 percent positive/16 percent negative s

People are bothered that the markets are so unbothered by the political fuss and ferment in Washington. The histories of the bruising 1973-’74 bear market hardly even mention Watergate as a contributing factor. It was mostly about an expensive stock market blindsided by the Arab oil embargo, spiraling inflation and the Federal Reserve raising interest rates into a weakening economy. But that’s not the current market, which is supported by lots of liquidity and cooperative fundamentals – for now.

The retail rebound had reverberations around Wall Street. Curiously, traders bailed out of retail stocks Friday, with the sector stumbling 1.8 percent, thanks largely to a plunge by JCPenney. For the week ahead: Keep an eye on some of other reports that come out. Good indicators across the board would confirm better times ahead. And by better times, we mean that the stock market, despite multiple predictions of that ever-present correction right around the corner, can keep climbing.

The Canadian dollar hit its highest level in two weeks and the Australian dollar was at a 10-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies. Saudi Arabia and Russia agreed on Monday to extend oil output cuts until March 2018 to rein in a global crude glut, pushing up prices by as much as 2 percent and dominating early trade on European currency markets. That gave the Canadian dollar a 0.6 percent lift, hitting its highest level since April 28,

Gold likely to be supported by geopolitical uncertainties: SocGen Monday, 8 May 2017 | 7:50 PM ET | 01:49U.S. gold futures were up 0.2 percent at $1,229.90 an ounce. North Korea said on Monday it had successfully conducted a newly developed mid-to-long range missile test on Sunday, supervised by leader Kim Jong Un and aimed at verifying the capability to carry a “large scale heavy nuclear warhead.” “It (North Korea’s missile test) is underpinning support for gold but at the moment its obviously

Oil rose more than 2 percent on Monday to $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards keeping an OPEC-led deal to support prices in place longer than originally agreed. Energy ministers from the two countries said on Monday that supply cuts should be extended for nine months, until March 2018. That is longer than the optional six-month extension specified in the deal. Brent crude, the global benchmark, had risen $1.20 to $52.0

Japan’s benchmark Nikkei 225 index was mostly steady, edging down 0.07 percent or 14.05 percent to close at 19,869.85. The Kospi shrugged off North Korea’s latest missile launch and reversed earlier losses to close 0.2 percent higher at 2,290.65. Also in Australia, Fairfax Media was offered A$2.76 billion ($2.04 billion) by TPG Capital Management for the entire company. Japanese conglomerate Toshiba reported a 950 billion yen net loss for the last financial year. Brent crude futures gained 1.91

Russia is the world’s biggest oil producer, while Saudi Arabia is the biggest exporter. Together, they control around 20 million bpd in daily output, equivalent to a fifth of daily global consumption. Undermining efforts by OPEC and Russia to stabilize the market has been the United States, which did not participate in the agreement to cut supplies. U.S. energy firms have added oil rigs 17 consecutive weeks, extending a 12-month drilling recovery that is expected to help boost crude production i

“At the moment, we are in the face of an escalating threat,” he told the British network ITV on Sunday. On Sunday, MalwareTech was one of many security experts warning that a less-vulnerable version of the malware is likely to be released. On Twitter, he urged users to immediately install a security patch for older versions of Microsoft’s Windows, including Windows XP. Microsoft has complained for years that the large majority of computers running its software were using pirated versions. The sp

Waymo, the self-driving car unit that operates under Google’s parent company, has signed a deal with the ride-hailing start-up Lyft, according to two people familiar with the agreement who spoke on the condition of anonymity because they were not authorized to speak publicly. The deal calls for the companies to work together to bring autonomous vehicle technology into the mainstream through pilot projects and product development efforts, these people said. The deal was confirmed by Lyft and Waym

By mid-2009, Kalanick was “temporarily” running Uber, which had yet to launch, with co-founder Garrett Camp. By January 2010, Kalanick said, he was interviewing Graves to take over. Graves started working at Uber in March 2010, demoing the product, with Kalanick dropping by for about 15 to 20 hours a week. The team started hiring for their first full-time engineer in April, and by June, Graves had moved the rest of his stuff to San Francisco. “I work with a ton of young startup executives, but r

Two decades ago, Amazon went public as “Earth’s biggest bookstore” — a description bold enough to draw a lawsuit from Barnes & Noble, which claimed that Amazon was inaccurately calling itself a store. “Barnes & Noble was looming as a big competitor,” said Tom Alberg, an Amazon board member who invested $50,000 in 1995, shortly after Jeff Bezos launched the website. As Amazon celebrates the 20th anniversary of its IPO on Monday, the company is worth more than all but three U.S. companies and is 8

Microsoft criticized governments for stockpiling secret exploits of computer systems, calling the ongoing WannaCry ransomware attack a “wake-up call.” Some security experts expect a second wave of the attack to start Monday morning, as employees arrive at work and turn on affected computers. “This attack provides yet another example of why the stockpiling of vulnerabilities by governments is such a problem,” wrote Microsoft President Brad Smith in a blog post on Sunday. Smith also said that Micr