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White House pledges to step up cyber offense on hackers

Friday, 21 September 2018

The White House warned foreign hackers on Thursday it will increase offensive measures as part of a new national cyber security strategy. The move comes as US intelligence officials expect a flurry of digital attacks ahead of the November 6 midterm elections. The strategy provides federal agencies with new guidance for how to protect themselves and the private data of Americans, White House National Security Adviser John Bolton told reporters. “We have authorized offensive cyber ...

Hack attack: $60 million in virtual currency stolen in Japan

Thursday, 20 September 2018

Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday.Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred.“We decline to comment on the details of how this illegal access occurred, as it is a crime and we’ve already asked the authorities to investigate,” Tech Bureau said in ...

Banks, traders launch first commodities blockchain platform

Wednesday, 19 September 2018

Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, and is due to go live later this year. Banks and major trading firms have been testing numerous pilot schemes across commodities over the last few years but this venture will be the first that any firm ...

World’s first hydrogen powered train rolled out by Germany

Tuesday, 18 September 2018

Germany has rolled out the world’s first hydrogen-powered train, signalling the start of a push to challenge the might of polluting diesel trains with costlier but more eco-friendly technology. Two bright blue Coradia iLint trains, built by French company Alstom, began running a 100km route between the towns and cities of Cuxhaven, Bremerhaven, Bremervoerde and Buxtehude in northern Germany — a stretch normally plied by diesel trains. “The world’s first hydrogen train is ...

Saudi’s PIF invests more than $1 bln in electric carmaker Lucid Motors

Tuesday, 18 September 2018

Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing US electric vehicle maker Tesla Inc. The funding will enable Silicon Valley-based Lucid to achieve the commercial launch of its Lucid Air electric vehicle in 2020, PIF said in an announcement on Monday. Lucid joins Daimler-owned Mercedes, BMW and Volkswagen’s Audi and Porsche divisions in the battle for dominance in the market for premium ...

Robots will do more tasks than humans by 2025 in ‘seismic’ jobs shift

Monday, 17 September 2018

Robots will handle 52 percent of current work tasks by 2025, almost twice as many as now, a World Economic Forum (WEF) study said Monday.The sharp increase could also see a net gain in "new roles" for humans, who will have to revamp skills to keep pace with the "seismic shift" in how we work with machines and computer programmes, the forum estimated."By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today," ...

Amazon’s Jeff Bezos commits $2 bln to help homeless, pre-schools

Friday, 14 September 2018

Jeff Bezos, Amazon.com Inc’s founder and the world’s richest person, said on Thursday he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities.The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon. Dominance in e-commerce and the nascent field of cloud computing has made Amazon the world’s second-most valuable public company.Bezos ...

Airbnb hits back at Paris ban threat

Thursday, 13 September 2018

Rent-a-room giant Airbnb on Wednesday accused the Paris official seeking to ban the service in the city of electioneering and insisted it enjoys widespread support in the French capital. The city’s housing chief Ian Brossat said last week he would seek to outlaw the service in central Paris because operations like were forcing out residents. “I know from surveys and polling that we are exceptionally popular in France at large and in Paris. Maybe not as popular as Mbappe, but we&rsquo ...

Apple unveils larger iPhones, health-oriented watches

Wednesday, 12 September 2018

Apple unveiled three new iPhones on Wednesday, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales. CEO Tim Cook showed off the Apple XS, which has a bigger screen than the one on last year’s dramatically designed model , the iPhone X. It’ll cost about $1,000. A bigger version will be called the iPhone XS Max, which looks to be about the size of the iPhone 8 Plus, though the screen size is much larger. This ...

VIDEO: Saudi Arabia to be at forefront of AI training, says Coded Minds founder

Tuesday, 11 September 2018

Considering the rapid transformations taking place in Saudi Arabia it is likely that the country will be at the forefront of training in artificial intelligence and coding language, founder of a company providing these trainings to schoolchildren has said. In an exclusive interview to Al Arabiya English, Omar Farooqui, Founder and Chief Innovation Officer, Coded Minds, said that major opportunities exist in this domain in the country’s education sector. “It needs to be implemented at ...

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