President-elect Donald Trump says that “no computer is safe” when it comes to keeping information private, expressing new skepticism about the security of online communications his administration is likely to use for everything from day-to-day planning to international relations. Trump rarely uses email or computers despite his frequent tweeting. “You know, if you have something really important, write it out and have it delivered by courier, the old-fashioned way. Continue reading “Trump says he doesn’t trust computers as he rings in 2017”
President-elect Donald Trump has an unusual New Year’s message for his Twitter followers. He is wishing a “Happy New Year to all, including to my many enemies and those who have fought me and lost so badly.” Trump adds, “they just don’t know what to do,” ending his message with the word, “Love!” The president-elect will be spending his New Year’s Eve at his private Mar-a-Lago club in Palm Beach, Florida. He’ll be throwing a private party that is expected to draw hundreds of guests, including action star Sylvester Stallone.
Malware code linked to Russian hackers and found on a Vermont electric utility’s computer is further evidence of “predatory” steps taken by that country against the U.S., a Vermont Democratic congressman said Saturday. The Burlington Electric Department confirmed Friday it had found on one of its laptops the malware code used in Grizzly Steppe, the name Homeland Security has applied to a Russian campaign linked to recent hacks. Continue reading “Russia-linked malware found on US electric company’s laptop”
North Korea’s development of banned long-range missiles is in “final stages,” the country’s leader Kim Jong Un was quoted as saying in his New Year’s message. Kim also threatened to boost his country’s military capability unless the U.S. ends war games with rival South Korea, according to Seoul’s Yonhap news agency, which monitored Kim’s address on Sunday. Continue reading “N. Korea: Developing long-range missiles ‘in final stages’”
Deutsche Bank chairman Paul Achleitner has ruled out a pan-European merger or a state bailout in the wake of the lender’s mortgage settlement with the U.S. Department of Justice, Frankfurter Allgemeine Sonntagszeitung reported. Germany’s biggest lender last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. Continue reading “Deutsche Bank chairman rules out pan-European merger”
Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers. The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said. Apple’s shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index. An Apple spokeswoman declined to comment on the report.
The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years. Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525, the most since December 2015 and 11 shy of the 536 rigs seen at the end of 2015, energy services firm Baker Hughes Inc said on Friday. Continue reading “U.S. oil rig count recovers to end 2016 near year-ago levels -Baker Hughes”
The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility. “Due to the low added value, production jobs will be lost,” German weekly paper Welt am Sonntag quoted Elmar Degenhart as saying in a summary of an article to be published on Sunday. Continue reading “Continental CEO says jobs will be lost in shift to electric cars”
Prime Minister Narendra Modi on Friday defended his decision to withdraw high denomination bank notes from circulation, as a deadline to end severe cash shortages passed with Indians still queuing at banks to deposit savings and withdraw money. Modi abolished 500 and 1,000 rupee bills on Nov. 8, taking out 86 percent of cash in circulation, in a bid to fight corruption, end terror financing and turn India into a cashless society. Continue reading “Modi defends bank note move as Indians line up for cash”
U.S. gasoline demand fell year-over-year for the first time in 11 months in October, according to data released on Friday by the U.S. Energy Information Administration. Gasoline demand, which is still on pace for a record year, fell by 1.6 percent, or 150,000 barrels per day, to 9.095 million bpd in October, according to the EIA’s petroleum supply monthly report. The last year-over-year drop was in November 2015, EIA data shows. Continue reading “U.S. gasoline demand falls in October for first time in nearly a year -EIA”