100 gloss text

Reuters Seoul, South Korea   ● Thu, June 30, 2022 2022-06-30 14:05 0 76b99ae81be4b2e052851b8c9666350f 2 Asia and Pacific cryptocurrency,North-Korea,kim-jong-un,hacker,US,blockchain Free North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, three digital investigative firms have concluded. The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains. Since then, activity by the hackers suggests they may be linked to North Korea, which experts say is among the most prolific cyber attackers. UN sanctions monitors says Pyongyang uses the stolen funds to support its nuclear and missile programmes. The style of attack and high velocity of structured payments to a mixer - used to obscure the origin of funds - is similar to previous attacks that were attributed to North … [Read more...] about North Korea may be behind $100 million cryptocurrency hack

Pesident Rodrigo Roa Duterte at the Reception hall of Malacañan Palace before the presentation of credentials of Ambassadors from Bangladesh, Vietnam and Egypt. INQUIRER PHOTO/JOAN BONDOC Despite earlier misgivings, President Duterte signed on Tuesday the Paris Agreement detailing commitments to deal with climate change. Mr. Duterte submitted to the Senate the instrument of accession, dated Feb. 28, for ratification. “After examining the text thereof, I find it advisable to accede to the Paris Agreement and seek the Senate’s concurrence thereto,” he said. The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping the global average temperature rise this century to well below 2 degrees Celsius above preindustrial levels. The pact also seeks to pursue efforts to limit the temperature increase to 1.5 C above preindustrial levels. The Philippines earlier pledged a 70-percent cut in emissions by 2030. On Wednesday afternoon, … [Read more...] about Duterte finally signs Paris Agreement on climate change

- A + A (June 30): It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc, dressed entirely in black, told his lieutenants to slash spending by a fifth in 2022 and begin layoffs after staff return from Lunar New Year vacations. He delivered his bombshell flanked by a giant Powerpoint slide that read: “Don’t live with illusions. Face reality.” “We had a tough year,” said the reserved billionaire known as Will, who that day seemed even gloomier than normal, according to people briefed on the gathering. “But next year will be even tougher.” That sombre gathering encapsulated what many in the room already suspected — the ride-hailing champion once feted for running Uber Technologies Inc out of China was no more. In its place was a defeated shell worth a fifth of its value at the peak, bleeding users, blocked from raising funds for cherished projects — and whose executives were constantly … [Read more...] about Inside Didi’s US$60b crash that changed China tech forever

- A + A KUALA LUMPUR (June 30): Bursa Malaysia erased gains made earlier on Thursday (June 30) to end at its intraday low following heavy selling in the last 10 minutes of trading, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 0.5%, or 7.26 points, to finish at 1,444.22 from Wednesday's close of 1,451.48. The benchmark index, which opened 4.02 points better at 1,455.5, moved between 1,444.22 and 1,460.3 throughout the day. Overall market breadth was negative with losers outpacing gainers 520 to 327, while 396 counters were unchanged, 1,039 untraded, and 65 others suspended. Total turnover narrowed to 2.26 billion units worth RM1.97 billion from 2.37 billion units valued at RM1.77 billion on Wednesday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said regionally, key indices also finished broadly lower following negative cues from Wall Street overnight. The Nikkei 225 in Tokyo declined after Japan’s May … [Read more...] about Bursa ends at day’s low on heavy last-minute selling

Roe v. Wade is no more, but this is not 1972, the year before it was passed. In some ways, it’s even worse. advertisement advertisement When the Supreme Court ruled last week that banning abortion is not unconstitutional, abortion immediately became illegal in several states with “trigger laws” primed to take effect with just such a ruling. It’s about to become illegal in several more states in which previously passed laws restricting abortion had been blocked by federal courts. Millions of people are about to lose access to safe, legal abortions, and those who provide abortion access or support will face consequences ranging from civil suits to arrest in some states. These are grim times for abortion access. And the forecast is even more grim because we now live in an era of unprecedented digital surveillance. I’ve spent most of my career helping to protect activists and journalists in authoritarian countries, where it is often wise to think … [Read more...] about Now that ‘Roe’ has been overturned, it’s up to the tech industry to protect our data

The Philippine Delegation to COP21, led by Sec. Emmanuel de Guzman (center, with badge). PHOTO Courtesy of the Philippine Delegation PARIS—The final draft of a new universal and legally binding compact to lower heat-trapping greenhouse gas emissions and avert planetary catastrophe consists of a 19-page Decision implementing the proposed Agreement and a 12-page Annex which contains the text of the Agreement itself. The draft, the third version of the “clean” text prepared by the French hosts of the 21st Conference of Parties (or COP21) meeting under the UN Framework Convention on Climate Change, was released at around 130 pm here (830 pm in Manila). A preliminary and partial look shows that the Philippine position, which aligns with those of other members of the Climate Vulnerable Forum it currently chairs, has been mostly integrated into the Agreement—starting with the CVF’s dramatic and previously quixotic call for a more ambitious 1.5-degree cap on the rise of global … [Read more...] about PH positions reflected in draft of Paris climate pact

French President Francois Hollande, left, French foreign minister Laurent Fabius, center, and United Nations Secretary General Ban Ki-moon applaud at the COP21, the United Nations Climate Change Conference, in Le Bourget, north of Paris, Saturday, Dec.12, 2015. Fabius says a “final” draft of a global climate pact would be legally binding. AP LE BOURGET, France— France presented negotiators from nearly 200 nations with what it called a “final draft” of an unprecedented climate deal to slow global warming and urged them to approve it on Saturday. The deal would slow rising temperatures and sea levels, and eventually hold man-made emissions to the levels that nature can absorb. If the pact known as “the Paris agreement” is approved, countries would be committed to keeping the rise in global temperatures by the year 2100 compared with pre-industrial times “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) and “endeavor to limit” them even more, to 1.5 degrees Celsius. That was a … [Read more...] about Nearly 200 nations near a deal to slow global warming

In a statement, Moody's said the rupee has depreciated around 4.5 per cent since the start of the year. (Representative image) Moody's Investors Service on Thursday said global credit conditions have turned more negative amid rising borrowing costs, protracted Russia-Ukraine conflict and slower economic growth. It said the surge in energy and food costs spurred by the conflict in Ukraine is weakening the purchasing power of households, raising input costs for companies and dampening investor sentiment. Among sovereign debt issuers, debt sustainability will be especially challenging for many frontier market sovereigns as their borrowing costs climb, while their economies still have not fully recovered from the COVID-19 pandemic crisis, it said. "Global credit conditions have turned more negative and will be tighter for the rest of the year amid rising borrowing costs, the prospect of a protracted military conflict between Russia and Ukraine, materially slower growth of the … [Read more...] about Global credit conditions more negative amid rising borrowing costs, slower economic growth: Moody’s

Deepak Parekh (File Image) We remain optimistic about the resilience of the Indian economy despite the high volatility in the global environment, said Deepak Parekh, Chairman, HDFC Life Insurance, at the firm's 22nd Annual General Meeting. He added that t he world’s largest COVID vaccination drive has allowed India to swiftly move beyond the acute phase of the pandemic that was witnessed at the start of the last financial year. "W e are now witnessing early signs of a sustainable economic revival. High growth in non - oil and non - gold imports reflects a pickup in domestic demand. Domestic economic activity is fuelled by private consumption and rising discreti onary spending," Parekh observed. Furthermore, the forecast for normal southwest monsoon this year is expected to support rural consumption, he said. Talking about the life insurance industry, he said that d espite the pandemic, the Indian life insurance industry’s new business … [Read more...] about HDFC Life 22nd AGM | Optimistic about resilience of Indian economy, says Deepak Parekh

The board of state-run Bank of Baroda (BoB) has approved raising up to Rs 5,000 crore through bonds in financial year 2022-23, a regulatory filing stated on June 27. The targeted amount would be raised in single or multiple tranches, the bank said, adding that it would be used for financing "infrastructure and affordable housing". "Board of Directors in their meeting held today has approved the proposal of raising of long term bonds for financing of infrastructure & affordable housing to the tune of Rs 5,000 crores in single or multiple tranches during financial year 2022-23," it informed the stock exchanges. "These bonds shall be senior, unsecured and will not form part of capital of the bank", the lender further noted. The shares of BoB closed at Rs 100 a piece at the NSE today, up 0.05 percent as compared to the previous day's close. Close The announcement of raising Rs 5,000 crore in FY23 comes days after the bank released its financial results for … [Read more...] about Bank of Baroda board approves raising up to Rs 5,000 crore in FY23