Friday, December 6

Day: February 12, 2019

Russia to cut all domestic internet from world wide web
Featured, Russia

Russia to cut all domestic internet from world wide web

    Russian authorities are planning to disconnect the entire country from the global internet temporarily, according to reports. The experiment aims to test Russia’s cyber defenses and ensure the nation's internet service, known as Runet, can continue to function in the event of a foreign attack. Officials will verify whether Russia can continue to operate its web service without passing data to and from the outside world. Russian telecom companies will have to re-route all internet traffic to exchange points managed or approved by the Russian telecom supervisor Roskomndazor. The experiment is part of a new draft law known as the Digital Economy National Program. The law will also obligate Russia to create its own Domain Name System (DNS) so it can continue to operat...
Why Indian banks should be worried about the slowing growth of car firms
Asia, Featured

Why Indian banks should be worried about the slowing growth of car firms

    The Indian banking system, already reeling under a pile of bad loans from the infrastructure and aviation sectors, is now faced with increased risks from the auto industry. Having cruised along smoothly for half-a-decade, the auto industry, where sales have grown at over 7% on average since 2013, may be in trouble due to a number of factors, according to credit rating agency Fitch. India’s biggest carmaker Maruti Suzuki posted a 17% year-on-year decline in profits for the October-December 2018 quarter. It was also industry major Tata Motors third consecutive quarter in the red. Automobile sales had grown by 15% in the last financial year, but the new normal will be sub-10%. That we have to get used to, Kumar Kandaswami, partner with Deloitte India, had told Quartz ...
Theresa May to quit this summer
Featured, United Kingdom

Theresa May to quit this summer

    The Prime Minister will quit her job in the summer just weeks after Brexit according to members of her inner circle. The Conservative leader will call the leadership contest shortly after leaving the European Union, The Sun reports, but remains hopeful she can pick her replacement to prevent a successful Boris Johnson bid. According to Cabinet ministers the Prime Minister has hinted to them personally she will trigger a Tory leadership race to end at the party's annual conference in October. But she will announce it after Brexit, to give her time to pick and prep a replacement. A source close to Liam Fox, May's good friend, told The Sun the current International Trade Secretary believes she will go after the deadline on March 29. A senior Tory source told The Sun...