Travelex staff go back to basics as ransomware cripples systems

LONDON: Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers worldwide after the company confirmed cyber hackers were holding its systems to ransom. The currency trader, which also provides forex services for Virgin Money and the banking arms of British retailers Tesco and Sainsbury, said on Tuesday a […]

Lebanon prosecutor summons Ghosn: state media

Beirut: A Lebanese prosecutor said Wednesday he was summoning former auto tycoon Carlos Ghosn regarding an Interpol “red notice” over financial misconduct charges in Japan, state media reported. Ghosn was summoned to appear for questioning Thursday and would also be asked to give a statement over a report submitted by Lebanese lawyers that he had […]

India restricts refined palm oil imports after Malaysia’s criticism of Modi

Mumbai: India imposed restrictions on imports of refined palm oil and palmolein on Wednesday, a move sources said was retaliation against top supplier Malaysia after its criticism of India’s actions in Kashmir and a new citizenship law. The Indian Ministry of Commerce and Industry issued a notification declaring that the import of refined palm oil […]

Opec secretary-general to US oil producers: join us

Abu Dhabi: Opec secretary-general Mohammad Barkindo on Wednesday urged US oil producers to work together with the oil cartel body to help stabilise global oil prices. With the US having established itself as the largest oil-producing nation in 2019, and also as the world’s top oil exporter during the month of June, oil markets have […]

Dafza sees Dh120b in trade in first nine months of 2019

Dubai: Dubai Airport Freezone Authority (Dafza) saw Dh120 billion in foreign trade in the first nine months of 2019, the authority said on Wednesday, marking an increase of 11 per cent year-on-year. The trade values from Dafza accounted for 12 per cent of the total Dh1.02 trillion in Dubai’s foreign trade in the first nine […]

Quibi hopes ‘quick bite’ TV for smartphones wins viewers

Las Vegas: New streaming service Quibi on Wednesday provided a glimpse into its bid to win over smartphone users, vowing to shake up the industry with original programs lasting less than 10 minutes. Quibi founder Jeffrey Katzenberg said it was designed for young lifestyles, offering episodes to be viewed while in a queue or on […]