NEW YORK: Cyberattacks have long been seen as a threat to financial markets, but worries are becoming even more acute following a US pipeline hack that set off a public panic and forced the company to pay a ransom. Financial exchanges that manage daily transactions of tens or hundreds of billions of dollars are an appealing target for hackers. Major stock exchanges insist they are on top of the issue, but remain mum about what steps they are taking to safeguard their networks.

LONDON: US stocks opened higher yesterday following a strong showing in Europe, lifted by in-demand tech shares and further positive news from Moderna on its coronavirus vaccine’s effectiveness in teenagers. 

KUWAIT: Zain Group, a leading telecom innovator in seven markets in the Middle East and Africa recently participated in the virtual Capacity Middle East 2021 conference, where Kamil Hilali, the company’s Chief Strategy Officer and the newly-appointed CEO of Zain Global Services (Wholesale), announced a significant restructuring and new strategy of Zain Group’s wholesale division, an essential part of Zain’s ‘4Sight’ strategy.

LONDON: The UK financial sector’s amount of carbon emissions exceeded the net annual output of most countries in 2019 as a result of worldwide investments, green groups claimed yesterday. 

KUWAIT: Kuwait’s recovery rate of COVID-19 was recorded at up to 95.3 percent along with drop of daily casualties, a senior government official said on Monday. 

LONDON: British-based steelmaker Liberty Steel yesterday launched a major restructuring to sell part of its UK assets following the collapse of financier Greensill. 

SHENZHEN, China: Business owners face uncertain prospects after being shut out of a skyscraper in southern China that started to shake unexpectedly last week and sent passersby running in panic. 

CAIRO: Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship that blocked the Suez canal in March, the canal authority chief said late Sunday. 

KUWAIT: The WHO’s 74th World Health Assembly will provide the State of Kuwait with a chance to keenly follow the latest health updates and best strategies to counter disease, namely the novel coronavirus (COVID-19), Health Minister Dr Basel Hamoud Al-Sabah said yesterday.