Australia has been targeted in a “sophisticated state-based” cyberattack, the country’s prime minister has said. Scott Morrison did not name the country responsible, and he said he made the threat public to “raise awareness.” He said: “This activity is targeting Australian organisations across a range of sectors, including all levels …
Read More »Oil giant Saudi Aramco completes purchase of $70B stake in SABIC
The completion of the purchase comes six months after Aramco sealed the world’s biggest initial public offering, selling 1.7 percent of its shares for a record $29.4 billion. Saudi Aramco said on Wednesday it has completed the acquisition of a 70 percent stake in chemical giant SABIC for $69.1 billion, …
Read More »Evidence of huge carnivorous dinosaurs discovered in Australia
Scientists have found evidence that large carnivorous dinosaurs lived in Australia. A team of researchers analyzed dinosaur footprint fossils and concluded they belonged to large-bodied carnivorous dinosaurs that were up to three meters high at the hips and about 10 meters long, according to a press release from the University …
Read More »Study ties blood type to COVID-19 risk; O may help, A hurt
A genetic analysis of COVID-19 patients suggests that blood type might influence whether someone develops a severe disease. Scientists who compared the genes of thousands of patients in Europe found that those who had Type A blood were more likely to have severe disease while those with Type O were …
Read More »Russia is lifting a ban on the Telegram private messenger app
The app has been officially blocked in Russia since April 2018 when the tech company refused to provide security services with backdoor encryption keys. In reality, Russian authorities struggled to enforce the ban, with Telegram moving to hide traffic behind mobile IP addresses. In often clumsy attempts to block access, …
Read More »Wirecard shares slump over missing €1.9bn
Shares in German payments company Wirecard have fallen more than 60% after the firm said its auditor had raised questions over cash balances worth €1.9bn (£1.7bn). Auditors EY had refused to sign off on Wirecard’s accounts, saying it was unable to confirm the money existed. The missing sum amounts to …
Read More »Weather balloon or UFO? A mystery object soars over Aoba, Japan
The unexplained object was in the sky for hours and then disappeared in a puff of smoke when approached by an aircraft.
Read More »WHO testing interim data from COVID-19 trial on HIV drugs
The World Health Organization is looking at interim data from its large multi-country trial of the combination of HIV drugs Lopinavir and Ritonavir to treat COVID-19 patients, the UN agency’s chief scientist Soumya Swaminathan said on Thursday. Her comments come after the WHO on Wednesday stopped testing of the malaria …
Read More »Oil prices tick up amid mixed signals from US data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy. Brent crude LCOc1 futures were up 37 cents at $41.08 a barrel at 0846 GMT. U.S. West Texas …
Read More »Opinion | Dexamethasone may be part of the Covid-19 puzzle, but it’s no magic bullet
Right now, we could all use some good news, and it came yesterday in the form of dexamethasone. This cheap steroid could significantly reduce deaths in critically ill Covid-19 patients by one-third for those on ventilators and by one-fifth for those on oxygen alone. The drug appears to stop the …
Read More »WATCH Boris Johnson’s convoy in a car crash outside Parliament
British Prime Minister Boris Johnson has been involved in a minor car crash after a protester ran in front of a car as it left Parliament in London. A protester forced one of the cars in Mr Johnson’s convoy to brake suddenly, and the vehicle following behind hit the boot …
Read More »Eiffel Tower to reopen after longest closure since WWII
Workers are preparing the Eiffel Tower for reopening next week after the coronavirus pandemic led to the iconic Paris landmark’s longest closure since World War II. France’s tourism industry is opening back up, but the 324-meter (1,063-feet) tall wrought-iron tower won’t immediately welcome visitors the way it did before the …
Read More »Oil falls on fears of rising COVID-19 cases
Oil fell on Wednesday on fears that COVID-19 cases could rise, but prices drew some support from stimulus measures and hopes for positive tests of a drug that could save some critically ill patients. Brent crude LCOc1 was down 21 cents, or 0.5%, at $40.75 a barrel at 0930 GMT. …
Read More »English Premier League is back after a 100-day pandemic shutdown
Exactly 100 days after the last game, the Premier League is back. In stadiums restricted to around 300 people as the pandemic dangers persist, Manchester City will host Arsenal after Aston Villa plays Sheffield United on Wednesday night. It will usher in an unprecedented summer blitz of games in an …
Read More »WHO moves to update COVID-19 guidance after ‘great news’ in drug study
The World Health Organization (WHO) said it was moving to update its guidelines on treating people stricken with COVID-19 to reflect results of a clinical trial that showed a cheap, common steroid can help save critically ill patients. Trial results announced on Tuesday showed dexamethasone, used since the 1960s to …
Read More »Washington backs down, allowing US companies to work with Huawei on 5G standards
The US Commerce Department has issued a change to its sweeping Huawei ban, saying that it will allow American companies to cooperate with the Chinese tech firm on setting standards for next-generation 5G networks. Washington had little choice, as the Chinese telecom giant is the global leader in 5G technology, …
Read More »WTO tells Saudi to obey global rules in Qatar broadcast dispute
A World Trade Organization panel ordered Saudi Arabia on Tuesday to adhere to global intellectual property rules in a ruling on a dispute with Qatar which accuses Riyadh of blocking its broadcaster after the Gulf neighbors fell out in 2017. Doha filed its complaint in 2018, saying Saudi Arabia was …
Read More »Iraq lowers oil exports, gets closer to OPEC+ target
Iraq’s oil exports have fallen by 8% or 300,000 barrels per day (bpd) so far in June, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is getting closer to meeting its pledge in an OPEC-led supply cut deal. Southern Iraqi exports in the first 14 days of …
Read More »Crash of US dollar is imminent, warns veteran economist Stephen Roach
While the coronavirus pandemic may become the last nail in the coffin of the US dollar’s status as the primary reserve currency, the seeds of its inevitable decline were sown long ago, a former Morgan Stanley economist believes. The greenback is set to decline due to a shortfall in domestic …
Read More »Social media companies distrusted by most Americans on content decisions: Poll
Most Americans do not trust social media companies to make the right decisions about what should be allowed on their platforms, but trust the government even less to make those choices, according to a poll released on Tuesday by Gallup and the Knight Foundation. The debate over online content moderation, …
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