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13876 articles published since 08 Mar 2022

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US arm of China mega-lender ICBC hit by ransomware attack
US arm of China mega-lender ICBC hit by ransomware attack
Technology

The US arm of China's largest bank said it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market. "That's because subsequent reports have indicated that the US financial services division of China's Industrial and Commercial Bank was hit by a ransomware cyberattack yesterday that disrupted trades in the Treasury market."

Bestseller Musk biography to be adapted into film
Bestseller Musk biography to be adapted into film
Technology

A top-selling biography of billionaire Elon Musk is being adapted into a film with prolific US director Darren Aronofsky already attached, production company A24 said Friday. Darren Aronofsky, director of The Whale and other hit dramas such as Black Swan and Requiem for a Dream, is set to direct and produce the Musk biopic, the A24 representative said.

NatWest bank slashes ex-CEO payout over Farage row
NatWest bank slashes ex-CEO payout over Farage row
Economy

British bank NatWest on Friday said it had axed almost £7.6 million ($9.3 million) worth of potential payouts for Alison Rose, its former chief executive who resigned over the lender's treatment of arch-Brexiteer Nigel Farage. An independent investigation last month found that NatWest displayed "serious failings" in its treatment of the banking affairs of Farage.

Ratcliffe closing in on minority stake at Man Utd: reports
Ratcliffe closing in on minority stake at Man Utd: reports
Economy

British billionaire Jim Ratcliffe could finalise a deal to become a minority shareholder at Manchester United during this month's international break, according to reports on Friday. Sheikh Jassim withdrew from the process last month, while Ratcliffe continued to pursue a minority shareholding.

British economy stalls in third quarter
British economy stalls in third quarter
Economy

Britain's economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes. The data comes one week after the Bank of England froze interest rates at a 15-year high of 5.25 percent to tackle high inflation, and forecast the economy would flatline next year.

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