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POPULAR NEWS
Erdogan Hopes to Open Embassy in East Jerusalem

Turkish president Recep Tayyip Erdogan said Sunday that Turkey hopes to open an embassy to a Palestinian state in East Jerusalem in the future.. "Because it is under occupation we can't just go there and open an embassy," Erdogan said in a speech to his ruling party in the city of Karaman. "But, inshallah [God willing] those days are near and... we will officially open our embassy there," he said, without giving any precise timeframe. The comments come just days after Erdogan hosted a...

Gold Drops as U.S. Stocks Rally on Tax Reform Optimism

Gold declines after progress on U.S. tax cuts propels stocks to record highs on Friday and boosts dollar. Bullion for immediate delivery -0.2% to $1,253.84/oz at 9:02am in Singapore: Bloomberg generic pricing. Bloomberg Dollar Spot Index flat after +0.4% Friday. Precious metal heads for 9.3% advance this year after +8.1% in 2016. The dollar™s strength is weakening gold, David Lennox, resource analyst at Fat Prophets in Sydney, says by phone. Tax reform is œa...

Japan Shares Rise Amid Weaker Yen as U.S. Tax-Cut Bill Advances

Japanese shares rose as the yen continued to weaken after Republican leaders gained two key votes on the U.S. tax-cut bill Friday. Electronics makers and banks were the biggest boosts to the benchmark Topix, led by Mitsubishi UFJ Financial Group Inc., Toyota Motor Corp. and Sony Corp. Congressional Republicans finalized their plan for a highly-anticipated set of tax cuts for businesses and individuals after six weeks of legislative negotiations. Almost five shares rose for every...

Dollar Edges Higher Versus Yen Amid Progress on U.S. Tax Bill

The dollar edged higher against the yen after rallying Friday amid optimism a bill to cut U.S. taxes will be passed this week. The Bloomberg Dollar Spot Index held close to its 50-day moving average after climbing above that threshold last week as Republican leaders finalized their plan for lower taxes, paving the way for a policy victory for President Donald Trump. Treasuries declined as most Asian stock markets advanced, sapping demand for safer assets. The...

Nikkei Rises on Financials and Exporters; Builders Off Lows

Japanese stocks scored their biggest rise in over a month on Monday with financials and exporters in hot demand, while construction shares bounced after sliding on news that prosecutors had raided the headquarters of at least two builders for alleged antitrust violations. The Nikkei share average finished 1.55 percent higher at 22,901.77, its biggest gain since Nov. 7 and its highest closing level in a week. The broader Topix advanced 1.36 percent to 1,817.90. Sentiment was boosted by a...

Australia Jet and Navy Data Stolen in Extensive Hack
Thursday, 12 October 2017 21:12 WIB | GLOBAL |Global

Sensitive information about Australia's defence programmes has been stolen in an "extensive" cyber hack.

About 30GB of data was compromised in the hack on a government contractor, including details about new fighter planes and navy vessels.

The data was commercially sensitive but not classified, the government said. It did not know if a state was involved.

Australian cyber security officials dubbed the mystery hacker "Alf", after a character on TV soap Home and Away.

The breach began in July last year, but the Australian Signals Directorate (ASD) was not alerted until November. The hacker's identity is not known.

"It could be one of a number of different actors," Defence Industry Minister Christopher Pyne told the Australian Broadcasting Corp on Thursday.

"It could be a state actor, [or] a non-state actor. It could be someone who was working for another company."

Mr Pyne said he had been assured the theft was not a risk to national security.

Weaknesses exploited

The hack was described as "extensive and extreme" by ASD incident response manager Mitchell Clarke.

It included information about Australia's new A$17bn (£10bn; $13bn) F-35 Joint Strike Fighter programme, C130 transport plane and P-8 Poseidon surveillance aircraft, as well as "a few" naval vessels, he said.

Mr Clarke told a Sydney security conference that the hacker had exploited a weakness in software being used by the government contractor. The software had not been updated for 12 months.

The aerospace engineering firm was also using default passwords, he said.

ASD officials began repairing the system in December.

A report by ZDNet said officials referred to the months before ASD intervention as "Alf's mystery happy fun time".

"For those visitors overseas to Australia, Alf is Alf Stewart from an horrific Australia soap opera called Home and Away. It's just a thing we do," Mr Clarke told his audience, according to BuzzFeed.

'Salutary reminder'

The government distanced itself from the Adelaide-based firm, saying it had most likely been employed by another contractor.

"I don't think you can try and sheet blame for a small enterprise having lax cyber security back to the federal government. That is a stretch," Mr Pyne said.

"Fortunately, the data that was taken was commercial data, not military data, but it is still very serious and we will get to the bottom of it."

However, he said "we don't necessarily let the public know" about the identities of hackers, because such investigations often involve confidential information.

The incident was a "salutary reminder" about cyber security, he added.

Last year, Australia announced a surge in defence spending, a move that reflects concern over military expansion in the region.

Military spending would grow by A$29.9bn over 10 years, including plans to buy 72 Joint Strike Fighters, the 2016 Defence White Paper outlined.

 

Source: BBC

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POPULAR NEWS
Erdogan Hopes to Open Embassy in East Jerusalem

Turkish president Recep Tayyip Erdogan said Sunday that Turkey hopes to open an embassy to a Palestinian state in East Jerusalem in the future.. "Because it is under occupation we can't just go there and open an embassy," Erdogan said in a speech to his ruling party in the city of Karaman. "But, inshallah [God willing] those days are near and... we will officially open our embassy there," he said, without giving any precise timeframe. The comments come just days after Erdogan hosted a...

Gold Drops as U.S. Stocks Rally on Tax Reform Optimism

Gold declines after progress on U.S. tax cuts propels stocks to record highs on Friday and boosts dollar. Bullion for immediate delivery -0.2% to $1,253.84/oz at 9:02am in Singapore: Bloomberg generic pricing. Bloomberg Dollar Spot Index flat after +0.4% Friday. Precious metal heads for 9.3% advance this year after +8.1% in 2016. The dollar™s strength is weakening gold, David Lennox, resource analyst at Fat Prophets in Sydney, says by phone. Tax reform is œa...

Japan Shares Rise Amid Weaker Yen as U.S. Tax-Cut Bill Advances

Japanese shares rose as the yen continued to weaken after Republican leaders gained two key votes on the U.S. tax-cut bill Friday. Electronics makers and banks were the biggest boosts to the benchmark Topix, led by Mitsubishi UFJ Financial Group Inc., Toyota Motor Corp. and Sony Corp. Congressional Republicans finalized their plan for a highly-anticipated set of tax cuts for businesses and individuals after six weeks of legislative negotiations. Almost five shares rose for every...

Dollar Edges Higher Versus Yen Amid Progress on U.S. Tax Bill

The dollar edged higher against the yen after rallying Friday amid optimism a bill to cut U.S. taxes will be passed this week. The Bloomberg Dollar Spot Index held close to its 50-day moving average after climbing above that threshold last week as Republican leaders finalized their plan for lower taxes, paving the way for a policy victory for President Donald Trump. Treasuries declined as most Asian stock markets advanced, sapping demand for safer assets. The...

Nikkei Rises on Financials and Exporters; Builders Off Lows

Japanese stocks scored their biggest rise in over a month on Monday with financials and exporters in hot demand, while construction shares bounced after sliding on news that prosecutors had raided the headquarters of at least two builders for alleged antitrust violations. The Nikkei share average finished 1.55 percent higher at 22,901.77, its biggest gain since Nov. 7 and its highest closing level in a week. The broader Topix advanced 1.36 percent to 1,817.90. Sentiment was boosted by a...

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