Friday June 27, 2025 / 02 , Muharram , 1447
Header Logo
Leading The Way
search-icon
Footer Header
search-icon
SG
Saudi Arabia
Opinion
Discover Saudi
World
Sports
Business
Life
Advertisements
search-logo
  • Home
  • BUSINESS
BUSINESS
5911 - 5920 from 16533 . In "BUSINESS"
A new Airbus A 350 of Air France is pictured during its first flight at the Airbus delivery center, in Colomiers, southwestern France, on Friday. — AFP
Airbus says taking 'appropriate measures' against hackers
TOULOUSE, France — Airbus played down the risk of cyberattacks on Friday and said it had "appropriate measures" to mitigate any danger after an AFP investigation revealed a series of hacking incidents targeting the European aerospace giant."We are protecting ourselves against cyberattacks," chief commercial officer Christian Scherer said at an event marking the first delivery of Airbus's latest plane, the A350, to Air France."You can imagine that a company like ours has the technology to identify, repel and protect ourselves against any such attacks," he added.More than half a dozen sources spoke to AFP about a series of attacks on Airbus suppliers — including British engine-maker Rolls-Royce, French technology consultancy Expleo, and two other French...
September 27, 2019

Airbus says taking 'appropriate measures' against hackers

In this file photo taken on Nov. 9, 2015, an activist of environmental organization Greenpeace holds a giant letter to display
Volkswagen faces first mass diesel lawsuit on home turf
FRANKFURT AM MAIN, — Car behemoth Volkswagen will face a German court Monday, as hundreds of thousands of owners of manipulated diesel cars demand compensation four years after the country's largest post-war industrial scandal erupted.The first hearing in what is likely to be a grinding, years-long trial opens at 10 am (0800 GMT) in Brunswick, around 30 kilometers (19 miles) from VW headquarters in the northern city of Wolfsburg.Around 450,000 people have joined a first-of-its-kind grouped proceeding, introduced by lawmakers after the "dieselgate" emissions cheating scandal broke in 2015.Consumer rights group VZBV, representing the plaintiffs, says the German carmaker deliberately harmed buyers by installing motor control software that allowed vehicles to pollute far more...
September 27, 2019

Volkswagen faces first mass diesel lawsuit on home turf

Uber Incubator — Head of Strategy Karishma Shah addresses the audience during an Uber products launch event in San Francisco, California, on Thursday. Uber unveiled a new version of its smartphone app that weaves together services from shared rides to public transit schedules while adding more security features. — AFP
Revamped Uber app adds transit options, passenger safety features
SAN FRANCISCO — Uber on Thursday unveiled a revamped version of its smartphone app that weaves together services from shared rides to public transit schedules while adding more security features.The new app is intended to let Uber users see, and ideally tap into the company's array of options for getting around or having meals delivered."We want Uber to be the operating system for your everyday life: however you want to move around your city, and whatever you need, we want Uber to be your go-to app," said Uber chief executive Dara Khosrowshahi."Uber started with on-demand rides, but we've grown to offer access to everything from food delivery to electric bikes and scooters."Rides, Eats food delivery and other options are displayed side-by-side in the new...
September 27, 2019

Revamped Uber app adds transit options, passenger safety features

In this file photo taken on Feb. 8, 2019 an Airbus A350-1000 conducts a test flight over Chateauroux airport, central France. European aerospace giant Airbus has been hit by a series of attacks by hackers who targeted its suppliers in their search for commercial secrets, security sources told AFP, adding they suspected a China link. — AFP
China rejects 'smear' after Airbus hacking report
BEIJING — Beijing on Friday rejected an AFP report that Chinese hackers were suspected of being behind a series of cyber attacks on European aerospace giant Airbus.The hackers targeted Airbus suppliers — British engine-maker Rolls-Royce, French technology consultancy and supplier Expleo, and two other French contractors — in search of commercial secrets, according to security and industry sources who spoke to AFP on condition of anonymity.None of the sources who spoke to AFP could formally identify the perpetrators of the attacks, pointing to the extreme difficulty in obtaining evidence and identification.Many state-backed and independent hackers are known to disguise their tracks, or they may leave clues intended to confuse investigators or lead them to blame someone else.But the...
September 27, 2019

China rejects 'smear' after Airbus hacking report

Samba
Samba announces pricing of debut $1b 5-year international bond
RIYADH — Samba Financial Group (Samba) priced a highly successful $1b bond due in 2024 (5-year) at a fixed coupon rate of 2.75% per annum.This issuance is Samba’s first transaction since 2006 and was received with immense investor demand as evidenced by an orderbook that reached over $3.7 billion, representing an oversubscription rate of 3.7 times.The $1 billion bond is the first drawdown under Samba’s recently established $5 billion Euro Medium Term Note Program that is listed on Euronext Dublin.Samba’s bond is an important step in the evolution of the regional capital markets as it is now the only Saudi bank to have a bond outstanding in the international markets — this is expected to pave the way for other Saudi bank issuers to access the market.Moreover, the coupon of 2.75%...
September 26, 2019

Samba announces pricing of debut $1b 5-year international bond

Fonterra
New Zealand's Fonterra slumps to record loss
WELLINGTON — New Zealand dairy giant Fonterra unveiled the largest loss in its history Thursday as writedowns hit the bottom line during an "incredibly tough year".Fonterra — the world's largest dairy exporter — announced a net loss of NZ$605 million ($380 million) for the 12 months to July 31, eclipsing the NZ$196 million reversal posted a year previously.The plunge into the red was due to a previously flagged NZ$826 million in writedowns on underperforming assets which chief executive Miles Hurrell said would provide long-term benefits."Many of these calls were painful, but they were needed to reset our business and achieve success in the future," he said.Hurrell said Fonterra, a collective that buys milk and dairy products from New Zealand farmers then...
September 26, 2019

New Zealand's Fonterra slumps to record loss

An Airbus logo is seen at the Airbus A380 assembly site in Blagnac, southern France, in this March 21, 2018 file photo. — AFP
Airbus hit by series of cyber attacks on suppliers
PARIS — European aerospace giant Airbus has been hit by a series of attacks by hackers who targeted its suppliers in their search for commercial secrets, security sources said, adding they suspected a China link.There have been four major attacks on Airbus in the last 12 months, according to two security sources involved in investigating the hacking.The group has long been considered a tempting target because of the cutting-edge technologies that have made it one of the world's biggest commercial plane manufacturers, as well as a strategic military supplier.In January, it admitted to a security incident that "resulted in unauthorized access to data", but people with knowledge of the attacks outlined a concerted and far bigger operation over the last year.Hackers targeted...
September 26, 2019

Airbus hit by series of cyber attacks on suppliers

A British Airways plane takes off from the runway at Heathrow Airport's Terminal 5 in west London in this Sept. 13, 2019 file photo. — AFP
British Airways-parent cuts profit forecast on strikes
LONDON — IAG, the owner of British Airways, said on Thursday it was cutting annual profits guidance after taking a hit of 137 million euros from BA pilots carrying out historic strikes.IAG "expects its 2019 operating profit before exceptional items to be 215 million euros ($236 million) lower than 2018", the group said, noting that it was taking hits also from threatened strike action elsewhere and lower bookings going forward.BA grounded its entire UK fleet over two days this month when for the first time in its 100-year history pilots employed by the airline went on strike in a long-running dispute over pay.Even though pilots represented by the BALPA union have cancelled a third 24-hour stoppage, BA has said it has been able to revert to only a half-service on Friday having...
September 26, 2019

British Airways-parent cuts profit forecast on strikes

Joseph Stiglitz
Top economist Stiglitz sees 'significant slowdown', not crisis
PARIS — Nobel prize-winning economist Joseph Stiglitz said the global economy is entering a severe slowdown, but saidP in an interview he did not see it hurtling toward crisis."I would say that I don't see a crisis," said the US economist in Paris where he was promoting the French version of his latest book: People, Power, and Profits: Progressive Capitalism for an Age of Discontent."What I see is a significant slowdown," he said. "In the process of this significant slowdown, there will be bankruptcies."He said that slowdown deprived corporate managers of a cushion to soften the consequences of their errors."When you are slowing down and you mismanage, you go bankrupt."This made people nervous, "but the particular situation for a global...
September 26, 2019

Top economist Stiglitz sees 'significant slowdown', not crisis

US President Donald Trump and Japanese Prime Minister Shinzo Abe hold a meeting in New York on Wednesday on the sidelines of the United Nations General Assembly. — AFP
Trump announces 'first stage' of 'phenomenal' Japan trade deal
NEW YORK — US President Donald Trump said on Wednesday Washington and Tokyo had taken a major step toward sealing a comprehensive new trade deal, after a year of negotiations between the global economic powers.Sitting next to Japanese Prime Minister Shinzo Abe, Trump said the leaders "formally announce the first stage of a phenomenal new trade agreement," adding "this is a big chunk, but in the fairly near future we are going to have a lot more."As Trump and Abe met on the side of the UN General Assembly in New York, the Japanese leader said a deal would be "a win-win solution" for both nations.Under the agreement, Japan will cut tariffs for $7 billion in US farm exports, while reducing mark-ups on purchases of American wheat and barley.In return, Washington...
September 26, 2019

Trump announces 'first stage' of 'phenomenal' Japan trade deal

< Previous Next >
footer logo
COPYRIGHT © 2025 WWW.SAUDIGAZETTE.COM.SA - ALL RIGHTS RESERVED
Powered by NewsPress
NEWS CATEGORY
saudi arabia world opinion business sports esports life
COMPANY
advertisements about us Epaper contact us Archive privacy policy