It is seven in singapore and midnight in london and a huge cyber attack is continuing to spread Around The World. It is freezing Computer Systems and demanding that a ransom is paid. It began in ukraine and has a ready hit Global Companies including wpp, the british advertising agency, and merck, the american pharmaceutical company. The first signs came in ukraine. Systems went down this morning. Some people tried to take money out of bank machines, found they couldnt. Even the radiation Monitoring System at the Chernobyl Nuclear plant was briefly taken offline. The scale was enormous. We had the virus spread, cyber virus on the transport, bank, media, infrastructure of ukraine, in government and in the co operative sectors as well. But during the day, it became clear that the problem was not contained in ukraine but was spreading. Reports came in of companies affected from russia across europe to the uk and also the us. Those affected included oil producers, shipping and pharmaceutica
Im stephen sackur. Greeces debt crisis and economic collapse used to be headline news, not so much any more. But does that mean the country is in recovery . Not if you ask your average greek. Almost half of all young people are jobless, the elderly continue to see their pensions cut, austerity bites deeper with every new release of european bailout money. My guest is greeces economy minister, dimitri papadimitriou. Is there any way out of the hole greece is in . Dimitri papadimitriou, welcome to hardtalk. Thank you very much for having me. There you were at the end of last year, enjoying your post as a highly respected academic economist in the united states. You were plucked from that into a senior ministerialjob, the economy minister in athens. Do you regret taking thatjob, given what has happened in the last six months . Actually, i dont. I think its an important challenge. I cherish the opportunity to serve my country and i think i can do some good. And therefore, over the last sev
It is seven in singapore and midnight in london and a huge cyber attack is continuing to spread Around The World. It is freezing Computer Systems and demanding that a ransom is paid. It began in ukraine and has a ready hit Global Companies including wpp, the british advertising agency, and merck, the american pharmaceutical company. The first signs came in ukraine. Systems went down this morning. Some people tried to take money out of bank machines, found they couldnt. Even the radiation Monitoring System at the Chernobyl Nuclear plant was briefly taken offline. The scale was enormous. We had the virus spread, cyber virus on the transport, bank, media, infrastructure of ukraine, in government and in the co operative sectors as well. But during the day, it became clear that the problem was not contained in ukraine but was spreading. Reports came in of companies affected from russia across europe to the uk and also the us. Those affected included oil producers, shipping and pharmaceutica
Im stephen sackur. Greeces debt crisis and economic collapse used to be headline news, not so much any more. But does that mean the country is in recovery . Not if you ask your average greek. Almost half of all young people are jobless, the elderly continue to see their pensions cut, austerity bites deeper with every new release of european bailout money. My guest is greeces economy minister, dimitri papadimitriou. Is there any way out of the hole greece is in . Dimitri papadimitriou, welcome to hardtalk. Thank you very much for having me. There you were at the end of last year, enjoying your post as a highly respected academic economist in the united states. You were plucked from that into a senior ministerialjob, the economy minister in athens. Do you regret taking thatjob, given what has happened in the last six months . Actually, i dont. I think its an important challenge. I cherish the opportunity to serve my country and i think i can do some good. And therefore, over the last sev
Up more to come. There is more coming up from me after we catch up with all the business use. Live to rico hizon and Asia Business report. A huge cyber attack which started in the ukraine is heading around the world. Indonesia survived Asian Financial turmoil 20 years ago, but is it in danger of repeating its past . Good morning asia. Hello world. It is a wednesday. Glad you could join us for Asia Business report. Im rico hizon. We start the programme with another global cyber attack, which we discussed newsday. Computer systems in ukraine, russia, the netherlands, france, and the uk and denmark have all been affected. When a computer is hit, users are told their files have been encrypted, and they will have two pay to get them back. Here is more from our North American reporter, dave lee. We just from our North American reporter, dave lee. Wejust had from our North American reporter, dave lee. We just had the wannacry attack. And many lessons were there to be learnt. Many of you not h