Business

Data-wiping malware strikes Saudi government agencies

Data-wiping malware strikes Saudi government agencies

Thousands of computers in Saudi Arabia's civil aviation agency and other Gulf State organisations have been wiped by the Shamoon malware after it resurfaced some four years after wiping thousands of Saudi Aramco workstations. Unlike other malware "which focuses on gathering information that can be used for financial gain", wiper malware has "only one objective, to cause destruction and disruption within a victim's organisation".


Black Friday 2016: More shoppers, less spending

Black Friday 2016: More shoppers, less spending

The decades-old retail tradition of Black Friday limped closer to obsolescence this year as online shopping and earlier discounts kept many brick-and-mortar customers at home. In fact, 62 percent of those shoppers went online to search for gifts, with 56 percent heading to stores, according to a survey of 4,330 consumers. "This year, we saw a reversal of that trend, which can be attributed to several factors including fewer store openings on Thanksgiving Day , as well as online shopping".


US jobless rate plunges to 4.6 pct., employers add 178K jobs

US jobless rate plunges to 4.6 pct., employers add 178K jobs

Average hourly earnings fell for workers in mining, manufacturing and utilities. The fall was driven partly by the creation of new jobs and partly by people retiring and otherwise leaving the labor force. Job gains last month were broad, though manufacturing shed another 4,000 jobs. The expected moderation largely reflects a calendar quirk, which economists expect Fed officials will overlook at their December 13-14 policy meeting.


Paris, Madrid, Athens and Mexico City to ban diesel cars by 2025

Paris, Madrid, Athens and Mexico City to ban diesel cars by 2025

Cities such as Beijing, seen above, have been battling air pollution for years. They say they encourage walking and cycling and will give incentives for alternative vehicle use. We need cleaner vehicles and fewer of them. But he pointed to the city's successful bike-share programme as one way to get people out of vehicles and mentioned that the first 30 charging stations had been installed for electric vehicles.


Oil pares gains amid fresh doubts over OPEC deal

Oil pares gains amid fresh doubts over OPEC deal

Sources said Saudi Arabia and its Gulf allies have signaled they were prepared to cut close to 1 million barrels per day of their output. The bank also picked Surge Energy Inc. Iran is boosting production and Iraq is seeking an exemption because of its war with Islamist militants. The Organization of the Petroleum Exporting Countries (OPEC) meets at the end of the month at its headquarters in Vienna .