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Pardon the Intrusion #18: Marcus Hutchins, the ransomware hero

Subscribe to this bi-weekly newsletter here! Welcome to the latest edition of Pardon The Intrusion, TNW’s bi-weekly newsletter in which we explore the wild world of security. Two contrasting developments unfolded in the US and Germany last week. While the US Senate voted to reauthorize the USA Freedom Act, allowing law enforcement to collect Americans’ browsing and internet search records without a warrant, Germany’s constitutional court ruled that the country’s intelligence agency, the Bundesna...
Tags: Security, Startups, Germany, US, Newsletter, US Senate, Marcus Hutchins


Gold down as potential Japanese stimulus boosts risk appetite

Gold declined on Monday as Japanese equities rose on news of a potential stimulus programme that boosted investors' risk appetite, though fresh tensions over Hong Kong limited the metal's fall.
Tags: Hong Kong, Money, businessNews


Japan’s Uniqlo to make masks using underwear fabric

Japanese casual clothing chain Uniqlo, owned by Fast Retailing , said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.
Tags: Japan, Money, businessNews, Uniqlo, Fast Retailing


Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulus

Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
Tags: Japan, Money, Nikkei, businessNews, Tokyo


Global Markets: Asian shares reverse early gains, eyes on China-U.S. trade relations

A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.
Tags: Hong Kong, Money, China, businessNews, United States


Sydney restaurant Beppi's shames customers who never showed for reservation

One of Australia's oldest Italian restaurant has slammed a group of six "disgraceful" customers who didn't turn up or even bother to cancel their reservation last week.Beppi's in Darlinghurst, in Sydney's east, was first established... [Author: [email protected]]
Tags: Business, Australia, Sydney, Darlinghurst, Beppi


Iran fuel shipment nears Venezuelan shores, Maduro thanks Tehran

The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA's ports as President Nicolas Maduro thanked Tehran on Sunday.
Tags: Money, Iran, businessNews, Venezuela, Tehran, Nicolás Maduro, Maduro, PDVSA


Oil falls as U.S.-China tensions take toll

Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from Washington.
Tags: Hong Kong, Money, China, Beijing, businessNews, United States


Fiji Airways to cut more than half its staff, seek aircraft payment deferrals

South Pacific carrier Fiji Airways said on Monday it would cut 51% of its staff permanently as it negotiates with lenders and aircraft lessors for payment deferrals and seeks to arrange more debt financing due to the pandemic-driven downturn.
Tags: Money, businessNews, South Pacific, Fiji Airways


Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
Tags: Money, businessNews, Aston Martin, Reuters, Mercedes AMG, Andy Palmer, Tobias Moers


In China's auto market, worries grow that cashback deals and gifts presage damaging price war

Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown.
Tags: Money, China, businessNews


UK's Sunak authorises bailout to rescue strategically important companies

British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a "last resort" basis after other options run out.
Tags: UK, Money, businessNews, Treasury, Rishi Sunak, Sunak


China's Great Wall expects mild domestic auto sales growth in Second half

Great Wall Motor expects China's overall auto sales in the second half this year to return to the same level as last year, its president said, as the world's biggest auto market recovers from a coronavirus-driven low.
Tags: Money, China, businessNews, Great Wall, Great Wall Motor


Global Markets: Asian shares tick up, eyes on China-U.S. trade relations

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two biggest economies dulled risk appetite.
Tags: Money, China, businessNews, Global Markets


Lufthansa to resume flights to 20 destinations from mid-June

Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
Tags: Money, businessNews, Lufthansa


Covid 19 coronavirus: Almost 90 jobs go from Invercargill licensing trust

Eighty-seven of ILT's 606 workforce will be made redundant after staff restructuring due to Covid-19 impacting the hospitality sector.ILT chief executive Chris Ramsay said the business was unable to retain its full quota of staff... [Author: [email protected]]
Tags: Business, Invercargill, ILT, Chris Ramsay


IRS has distributed 152 million COVID-19 relief payments worth $258 billion

There are a lot of footprints on many U.S. beaches this Memorial Day weekend as folks seek seashores after weeks of staying home due to the coronavirus. (Photo by Wendy Wei via Pexels) This Memorial Day long weekend is a big one for numbers. As most states have relaxed at least some COVID-19 stay home orders, Americans are taking advantage of more openings to celebrate this unofficial start of summer. They are, naturally, heading to spots that offer traditional seasonal activities. There'...
Tags: Utah, Florida, Taxes, Minnesota, Mississippi, Maryland, Colorado, California, Montana, Washington, Kentucky, Oregon, Virginia, Massachusetts, West Virginia, Georgia


Japan looking to end Tokyo's state of emergency, eyes fresh $930 billion stimulus

Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
Tags: Japan, Money, businessNews, Tokyo


India markets closed on Monday for holiday

India's currency, debt and equity markets are closed on Monday for a public holiday.
Tags: Money, India, businessNews


ITC to acquire spices maker Sunrise Foods

Indian consumer goods giant ITC is going to acquire spices maker Sunrise Foods Private Limited, the company said in a statement to stock exchanges on Sunday.
Tags: Money, businessNews, Itc, Sunrise Foods, Sunrise Foods Private Limited


India domestic flights to resume, but coronavirus cases rise

Domestic flights will resume across India on Monday after a day of "hard negotiations", the civil aviation minister said on Sunday, after some states sought to limit the number of flights.
Tags: Money, India, businessNews


Redundancies pitting Kiwi workers and immigrant workers against each other

By Gill Bonnet of RNZ New Zealand and immigrant workers are being pitted against each other as businesses wield the axe over thousands of jobs.Unions say overseas staff are easier to make redundant - while one hotel has offered... [Author: [email protected]]
Tags: Business, New Zealand, Kiwi, RNZ, Gill Bonnet


Analysis: Stuff bought for $1 - why the media firm now faces its biggest challenge

Stuff chief executive Sinead Boucher has made a massive call in signing an agreement to acquire the Stuff business from Nine Entertainment for $1.The deal with Boucher follows revelations that NZME was not able to get Commerce Commission... [Author: [email protected]]
Tags: Business, Boucher, Commerce Commission, Nine Entertainment, NZME, Sinead Boucher


Californians venture outside as state relaxes virus rules

By CHRISTOPHER WEBER and DAISY NGUYEN LOS ANGELES (AP) — As California residents ventured outdoors to take advantage of sunshine and relaxed rules to control the spread of coronavirus, authorities said Memorial Day weekend crowds at beaches and parks were manageable Sunday, with most people wearing face coverings and practicing social distancing. Stay-at-home restrictions eased across much of the state, which has seen a decline in COVID-19 hospitalizations. Some 47 of 58 counties have received p...
Tags: Health, Business, London, News, California, Mexico, La, California News, Sacramento, Los Angeles, San Francisco, Sport, Ap, Soccer, John, Orange County


The S Korean Samsung protester living in the sky

Kim Yong-hee has spent nearly a year on a 20m traffic tower to protest against Samsung's zero-union policy.
Tags: Business, Samsung, Kim Yong hee


Stuff sold for $1 to CEO Sinead Boucher by Nine Entertainment

Stuff, one of New Zealand's largest media companies, has been sold to management for $1.Nine Entertainment announced the sale on the ASX on Monday morning. The new company will be led by Stuff's chief executive, former journalist... [Author: [email protected]]
Tags: Business, Stuff, New Zealand, ASX, Nine Entertainment, Sinead Boucher


NASA calculated how risky SpaceX's first launch of humans could be, and the astronauts flying the space mission say they're 'very comfortable' with those odds

SpaceX is preparing to fly its first humans to orbit aboard a new Crew Dragon spaceship. The Demo-2 mission, as it's called, is a high-stakes test flight of astronauts Bob Behnken and Doug Hurley to the International Space Station. The mission on Friday passed a critical NASA safety review, teeing up the astronauts to launch from Cape Canaveral, Florida, at 4:33 p.m. ET on Wednesday. NASA told Business Insider it estimates there's a 1-in-276 chance the flight could be fatal and a 1-in-60 chanc...
Tags: Spacex, Elon Musk, US, America, Trends, Nasa, Earth, International Space Station, Bob, Jeff Bezos, Iss, Demo, Boeing, LOC, Columbia, Falcon


Billionaire’s Beverly Hills Mansion Sells at 36% Discount, Highlighting Luxury Market Jitters

While Coronavirus woes have financially slammed nearly every industry, real estate has been among the hardest-hit of all. Since the shelter-in-place restrictions took effect in March, property sales in major cities like Los Angeles have mostly ground to a screeching halt that’s only now morphed back into a timid crawl. And the ultra-high-end sector — […]
Tags: Real Estate, Los Angeles, Beverly Hills, Moguls, Hilton & Hyland, Nicholas Property Group, Beverly Hills Mansion Sells


Dunedin chocolate company Ocho facing $223k loss

A restructure in the wake of Covid-19 has put Jim O'Malley back at the helm of Dunedin chocolate-maker Ocho.Before the outbreak, Ocho was predicting its first profitable year but the effect of the pandemic had been "quite extreme",... [Author: [email protected]]
Tags: Business, Dunedin, Jim O Malley


What's Open and Closed on Memorial Day 2020

Monday is Memorial Day. While all the days might be blurring together right now, the day is a federal holiday, which means some places might not be open that typically have been recently.Read more...
Tags: Deals, Sales, Memorial Day, Lifehacks



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