By James Pearson
LONDON (Reuters) -A security patch released by Microsoft last month failed to fully fix a critical flaw in U.S. tech giant's SharePoint server software that had been identified in May, opening the door to a sweeping global cyber espionage operation.
It remains unclear who is behind the ongoing operation, which targeted around 100 organisations over the weekend. But Alphabet's Google, which has visibility into wide swathes of... (continue reading...)
By Foo Yun Chee
BRUSSELS (Reuters) -Universal Music Group unit Virgin Music Group's $775 million acquisition of Downtown Music may hinder competition and remove an important competitor, EU antitrust regulators warned on Tuesday.
Virgin announced the deal in December last year which subsequently generated pushback from a wide swathe of European independent labels.
The European Commission set out its concerns on Tuesday as it... (continue reading...)
By Chijioke Ohuocha and Elisha Bala-Gbogbo
ABUJA (Reuters) -Nigeria's central bank kept its monetary policy rate at 27.50% for the third consecutive time this year, pledging on Tuesday to maintain its current stance until inflation risks recede.
Consumer inflation in the oil-producing West African nation fell for the third straight month in June to 22.22% year-on-year from 22.97% in May.
Central Bank Governor Olayemi Cardoso... (continue reading...)
ANKARA (Reuters) -Turkey will directly intervene to stop any attempt to fragment Syria and will prevent any attempts by militants to obtain autonomy after clashes in southern Syria, Foreign Minister Hakan Fidan said on Tuesday.
His warning against fragmentation, in comments to reporters in Ankara, appeared aimed at Israel as Turkey considers this to be Israel's ultimate aim in Syria.
Turkey has condemned Israeli strikes on Damascus last... (continue reading...)
(Reuters) -Shares of U.S. department store chain Kohl's jumped more than 100% on Tuesday, making it one of the most traded stocks on retail trading platforms.
Kohl's shares nearly doubled in value at one point, triggering a trading halt on the stock. On resumption the stock was up 30% at $13.32.
The company's stock is the No. 1 trending ticker on retail investor forum Stocktwits. About 49% of Kohl's freely floated shares are shorted, as per... (continue reading...)
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In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
