Category: All News

Italy shocks banks with 40 percent tax on profits they reap from higher interest rates

Italy has dealt a surprise blow to its banks and sent shock waves across the sector in Europe by setting a one-off 40 percent tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits. Sharply higher official interest rates have yielded record profits for banks, as the cost of loans has soared while lenders…

Interpol takes down 16shop phishing-as-a-service platform

A joint operation between Interpol and cybersecurity firms has led to an arrest and shutdown of the notorious 16shop phishing-as-a-service (PhaaS) platform. Phishing-as-a-service platforms offer cybercriminals a one-stop-shop to conduct phishing attacks. These platforms typically include everything you need, including email distribution, ready-made phishing kits for well-known brands, hosting, data proxying, victim overview dashboards, and other tools that help increase…

Canadian publishers want Meta investigated for blocking news, following the impending Canadian law that demands tech firms pay for news

Canadian news industry groups have asked the country’s antitrust regulator to investigate Meta Platforms’ decision to block news on its platforms in the country, accusing the Facebook parent of abusing its dominant position. Meta started blocking news on its Facebook and Instagram platforms for all users in Canada last week in response to a law requiring internet giants to pay…

Syria permits UN to use Bab Assalama and Rae’ crossing points for three extra months

Syria permitted the UN and its agencies concerned to use Bab Assalama and al-Rae’ crossing points to deliver humanitarian aid to people in need for three extra months to end on November 13th. “The decision comes in light of Syria’s keenness on boosting stability, improving the humanitarian and livelihood situation of the Syrians and facilitating the delivery of aid to people in need,” Syria’s permanent representative to the UN, Bassam Sabbagh said Tuesday. On July 13th, Syria allowed the UN agencies to use Bab al-Hawa crossing point to deliver humanitarian aid. – End of content –

Tennessee teen sues school for suspending him after he posted memes mocking principal

Students rights are limited on school grounds. But they don’t cease to exist. And what they do off-campus is subject to even fewer limitations. These are long-held facts backed by years of court precedent, the most famous of which is the Supreme Court’s 1969 Tinker decision. This is the baseline for school-student interactions when it comes to constitutional rights, as…

Sanctions, airspace closures hamper UN humanitarian efforts in Niger

United Nations agencies scramble to replace depleting aid stocks as regional sanctions start to kick in. Niger’s military coup is disrupting humanitarian efforts by the United Nations as border and airspace closures threaten to cut off supplies of medicine and food, says a UN official. UN aid agencies are scrambling to replenish depleting stocks just as regional sanctions potentially increase…

Alaska’s bursting ice dam highlights threat of glacial floods worldwide

The grey, two-storey home with white trim toppled and slid, crashing into the river below as rushing waters carried off a bobbing chunk of its roof. Next door, a condo building teetered on the edge of the bank, its foundation already having fallen away as erosion undercut it. The destruction came at the weekend as a glacial dam burst in…

New Inception attack leaks sensitive data from all AMD Zen CPUs

Researchers have discovered a new and powerful transient execution attack called ‘Inception’ that can leak privileged secrets and data using unprivileged processes on all AMD Zen CPUs, including the latest models. Transient execution attacks exploit a feature present on all modern processors named speculative execution, which dramatically increases the performance of CPUs by guessing what will be executed next before…

Kadlec Throws Fauci Under the Bus

On July 28, 2023, Weekend Australian Magazine published a bombshell report based on an exclusive interview with Dr. Robert (Bob) Kadlec, the HHS Assistant Secretary for Preparedness and Response (ASPR) who served under Donald Trump. To many readers this may seem like just more Washington, DC Kabuki theater with a side order of limited hangout (much like the prior Vanity Fair…

Carcinogens found at Montana nuclear missile sites amid cancer reports

The Air Force has detected unsafe levels of a likely carcinogen at underground launch control centers at a Montana nuclear missile base where a striking number of men and women have reported cancer diagnoses. A new cleanup effort has been ordered. The discovery “is the first from an extensive sampling of active U.S. intercontinental ballistic missile bases to address specific cancer…

SoftBank posts loss, with a cumulative loss of $6.3B in its Vision Fund business

As SoftBank prepares to dive deeper into AI investments, the group posted an unexpected consecutive quarterly overall loss, as well as a continued loss in its existing investment business. SoftBank’s Vision Fund 1 and 2 and its Latin American fund together posted a quarterly investment loss of 13 billion yen ($91 million). That is significantly less than the 2,919 billion…

Scores of Palestinians injured east of Nablus city

Occupied Jerusalem, SANA- Dozens of Palestinians were injured Tuesday at dawn, as the Israeli occupation forces stormed Askar camp, east of Nablus city in the West Bank. ‘The occupation forces raided the camp, opened fire on the Palestinians and threw toxic gas bombs at them, causing the injury of six, in addition to 185 suffocation cases, Wafa News Agency said….

GIC, Carlyle said to skip Ant’s share buyback after valuation slumps 70%

HONG KONG – A number of global investors including Warburg Pincus and Canada Pension Plan Investment Board are opting out of Ant Group’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70 per cent, according to people familiar with the matter. Singapore sovereign wealth fund GIC and Carlyle Group are also among top foreign shareholders…

China Demands Philippines Remove Ship From Disputed Waters

China Tuesday renewed calls for the Philippines to remove an aging ship from a reef which Manila uses to press its stake in the Spratly Islands in defiance of Beijing’s claim to nearly the entire South China Sea. The move comes after the Philippines at the weekend accused the China Coast Guard of firing water cannon against boats on a…

China’s draft measures demand ‘individual consent’ for facial recognition use

The pervasive use of facial recognition technology across all facets of life in China has elicited both praise for its convenience and backlash around privacy concerns. The widespread adoption has also fueled the exponential growth of valuations in companies specializing in the field, such as AI giants SenseTime and Megvii. Now the industry is facing some potentially significant changes as…

ASIC bans Sydney mortgage broker for six years

ASIC has banned a Sydney mortgage and finance broker for six years from engaging in credit activities after allegedly making false disclosures and mishandling home loan applications among other offences. The broker, Qingshan Yu, was also banned from controlling a credit business and performing any function in relation to carrying on a credit business while the regulator cancelled the Australian…