Tuesday, May 26, 2015 06:46
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Google finds that security questions aren't really secure
If you've ever thought that "what was your first pet's name?" is a lousy way to keep intruders from resetting your password, you now have some evidence to back up your suspicions. Google has ...
Human Services data centre consolidation nears completion
The Australian Department of Human Services has almost completed its massive data centre consolidation project, with the opening of a new centre in Fyshwick.
Lessons from a Sydney cryptoparty
When ordinary citizens in a modern democracy start taking precautions against government and corporate surveillance, it's time for a re-think.
Asian shares turn higher as China rallies, dollar up
By Lisa Twaronite TOKYO (Reuters) - Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session. Hong Kong's Hang Seng index jumped 1...
Charter Communications nears $55 billion deal for Time Warner Cable
Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a triumph for Charter, which was rejected by Time Warner Cable just last year...
Fed's Fischer: Too much weight placed on Fed's first rate hike
U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years. Fischer, speaking in Israel, said that while markets largely expect the first rate hike in September, it will be determined by data and not by date. "What we are thinking about is raising the interest rate from zero, which is an ultra expansionary monetary policy to a quarter percent, which is an extremely expansionary monetary policy...
Regulation should be main tool against bubbles: Fed's Mester
Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main tool to prevent bubbles. "I would opt to use the macroprudential tools as the first line of defense, since they can be more targeted to the markets and institutions where the risks are emerging," Cleveland Fed President Loretta Mester said in remarks prepared for delivery to the annual conference in of the Financial Intermediation Research Society, a group she helped found, meeting in Reykjavik, Iceland...
Oil prices steady but indications rally running out of steam
By Henning Gloystein SINGAPORE (Reuters) - Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries (OPEC), although U...
Greece says wants to make debt payments but needs aid urgently
By Renee Maltezou ATHENS (Reuters) - Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week. It must repay four loans totaling 1.6 billion euros ($1.76 billion) to the International Monetary Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for state coffers...
Troubled Malaysia Airlines to be completely revamped: new CEO
By Siva Govindasamy and Al-Zaquan Amer Hamzah KUALA LUMPUR (Reuters) - Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies. Christoph Mueller, who joined from Irish national carrier Aer Lingus, said in his first ever interview since taking over as chief executive on May 1 that the new company will be like a "start-up"...
Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations
(Reuters) - A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc , Ernst & Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares, said an internal Wal-Mart memo released during shareholder litigation showed that Ernst & Young was informed by Wal-Mart's internal audit services, or IAS, unit that a whistleblower had provided evidence of the alleged Mexico bribery scheme to Wal-Mart...
China invites private investors to help build $318 billion of projects
China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP)...
Alibaba's latest gambit in fighting fakes: foster local brands
By John Ruwitch PUTIAN, China (Reuters) - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is working with 17 shoe manufacturers to cultivate home-grown brands online, revitalize a flagging industry and offer would-be counterfeiters an alternative source of livelihood...
Bank of England keeps interest rates steady
LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
How Highly-Resilient People Survive to Thrive
Creating your thoughts, following your own path, ignoring skeptics, and dusting yourself off every time you fall requires discipline over energy and drive. Often, that comes solely from within. How we cultivate that inner focus is by taking steps on our personal journey with resilience. This is the focus of our soon-to-be-released book --...
Samsung's Iron Man edition Galaxy S6 Edge lacks J.A.R.V.I.S.
With Samsung being an active promoter of Marvel's latest Avengers movie, it's no surprise to see the tech giant releasing some sort of special edition product to sweeten the deal. Why yes, it's an Iron ...
TechOne profit down as cloud revenue more than doubles
TechnologyOne has said it will hit its total annual profit growth target of 10-15 percent despite a drop on profit the half year.
TiVo said to be launching Cox video on demand
You're forgiven if you forgot that TiVo and Cox were once best buddies. They formed a partnership years ago, but that alliance quietly fell by the wayside. However, there are signs that it could come roaring ...
Apple Watch: Its time will come
After using the Apple Watch for a month, I can say it has a few moments of early brilliance but will need more apps before it's a must-have.