Health bill meaning it would not have a majority. Time now for World Business report. Another Big Cyber Hack brings yet more disruption to business Around The World. What more can they to do keep themselves safe . Rebooting the sale. Toshiba announces another delay in raising the cash it badly needs from its memory chip unit. Welcome to World Business report. Im rachel horne. Another huge cyber attack is affecting businesses and other organisations across the world. Those affected include banks, retailers, energy firms and Transport Networks. It means Many Companies cant access their Computer Systems and for some that means its all but impossible to get any work done. The virus was first detected in ukraine on tuesday but has quickly spread across the planet. According to russia based Kaspersky Labs more than 2,000 users have been attacked so far but that number seems to be growing every hour. When users switch their computers on theyre being asked to pay a ransom of 300 in the Digital Currency bitcoin to get their data back. It appears that so far almost 8,500 of payments have been made more than 8,800. Some of the worlds Biggest Companies have been hit including advertising giant wpp, Us Pharmaceuticals giants merck and russias Biggest Oil Company rosneft. Also affected is the worlds biggest Shipping Line denmark based maersk. Its ports in new york and newjersey have been closed as well as europes largest harbour in rotterdam. That means businesses face delays in moving their goods Around The World. Philip ingram is the chairman of Global Intelligence insight and a former British Army Intelligence officer hejoins us from birmingham. These reports seem to become more frequent. What should businesses be doing to protect themselves . The best place to get at vice is on the National Cybersecurity website in the uk. Followed asic rules. Back up data frequency. Do patch ups on time. Make sure the executable files, the files are injected the virus are limited only to certain people with the right authorisation and they have the right neck and is to make sure files should not be executed are executed. If it was that straightforward and easy, why are not businesses doing it . There are not businesses doing it . There area are not businesses doing it . There are a couple of problems. There isnt the it will never happen to me attitude. The second issue is that a lot of systems running the Operating System is not being patched any more buying windows by Debate Cannot update the system because of other softwa re update the system because of other software bespoke to their business. If they update the windows systems, he would have to almost rewrite the system completely and that is very expensive. The Immediate Impact on businesses is not been able to get work done but how damaging can this be Going Forward . It can be Fa Ntastically be Going Forward . It can be fantastically damaging. The first bit is reputational damage. Competitors will go to look for somebody else. The actual physical cost of the business they are losing. And thirdly, there will have to start to patch the systems and look at rewriting the software to run their business and that will cost them hundreds of thousands if not millions of dollars. What about the impact on consumers . If there are issues with not being able to get Shipping Goods in and out of ports, that will have an impact on consumers . With most and the big companies, there is sufficient capacity elsewhere to absorb it for a short period of time. Consumers in banks and transport systems, with difficulties having access to cash oi difficulties having access to cash or tickets, flights being cancelled, that will have Immediate Impact. Thank you very much for your time. Theres been yet more bad news for toshiba. The japanese conglomerate says it hasnt been able to finalise a deal to sell its Memory Chip Business to a government backed consoritum. It needs to do that to raise cash after massive losses at its us nuclear unit. Rico hizon is in our Asia Business hub in singapore thank you forjoining us. Another disappointment for the troubled Japanese Technology company. It was hoping to sign a deal in time for todays Shareholders Meeting but u nfortu nately todays Shareholders Meeting but unfortunately it has failed. The latest delay is another bloke to toshibas hope of being delisted from the tokyo stock exchange. Another blow. The final stages of the sale have been thrown into disarray after early bidder resubmitted joint offer but the chief is against it saying the offer has monopoly issues and valuation is not high enough. The Car Parts Maker have filed for bankruptcy. What has happened now . Investors are battling the share price of takata. It is freefalling, plunging by 70 after limits were removed following the company s bank received Detection Fighting Injapan and the us. Takata ta ka Ta Fighting Injapan and the us. Takata takata is facing 9 billion in liabilities and its stock price has slumped more than 90 sincejune 16 after being suspended after reporting the company was looking to seek protection from creditors. This is the biggest since the post war period in japan. Began is the biggest since the post war period injapan. Began as a textile when you factor, Supply Parachutes during World War Two to the imperial army. Takata during World War Two to the imperial army. Ta kata ta kata during World War Two to the imperial army. Takata Takata Takata is the listed on july 22. In other news the International Monetary fund has cuts its Growth Forecasts for the us economy due to uncertainty about president trumps policies. The imf has cut this years expectation from 2. 3 to 2. 1 and next years from 2. 5 to 2. 1 . It compares to the white houses target of 3 growth in the worlds biggest economy. The imf said high Employment Rates made expansion hard and urged the us to maintain its commitment to free trade. To maintain its commitment to free trade. More than a quarter of the worlds population is now using facebook every month according to the social platforms founder mark zuckerberg. More than two billion people have now signed up to use it since he created the company 13 years ago. The huge user numbers have turned it into one of the worlds most popular platforms for businesses to advertise on but also led to criticism over posts of illegal and violent material. A hugely ambitious plan to provide Broadband Links from orbit to every corner of the globe by satellite has begun in france. The Aerospace Giant airbus and its partner, 0neweb, have started the production of a mega satellite constellation to provide the service. 1. 7bn has already been raised to fund the network which will rely on an intital 600 satellites that should be in orbit within five years. Other companies are planning similar projects. Before we go, lets have a look at what the markets have been up to. The japanese markets following what happened in the us yesterday. Most are down. You are hearing david talking about issues of getting the Health Care Bill through us congress and that is partly what is bringing these markets down. President trump, when elected, saw the markets surge. Deregulation, tax reform, Infrastructure Spending creating boosts but it is now all starting to stall and bringing the markets down. Lets move on and i can show you those american markets. Political concerns bringing them down. We will keep an eye on those figures as we go through the next couple of hours. Services providing support for people who are older and disabled face yet more cuts, despite extra money being put into the system. That is according to research by the direct is of Adult Social Care for council in england. The report said more than two thirds of local authorities had to dip into their financial reserves to meet increasing demands. The government says it is providing more funding. With more of us leaving longer, and it increasingly more complex. Daily like washing, dressing and medication keeps on going. How we pay for that became one of the most controversial issues of the election and todays survey warns of more cuts to services, despite the government putting in extra money. Nearly all directors who run Care Services responded to the survey. They expect to make more than 100 union pounds more than £100 million. Companies providing care is still handing back local authority contracts. Three quarters of Council Directors worry about the quality of ca re directors worry about the quality of care available. In the current climate, we have a picture of a perfect storm. Financial reserves which are constraints, savings in order to make ground conditions. We do not know what the long term future is and we have pressures are growing from the demographics and also Relationship Pressures between ourselves and the nhs, all of which makes it a poor place to be and we need a long term answer to what the future will bring to our community. The government points to the extra money it put into the system and says it will be consulting on how to improve care putting us on a Firm Financial footing. This is bbc news. The latest headlines. A cyber attack involving Ransom Software is continuing to disrupt Computer Systems across the world. Experts say in some ways its more sophisticated than the wannacry virus that caused chaos in a Global Attack last month. Families of the 96 people who died in the Hillsborough Football Disaster will be told this morning whether anyone will face criminal charges. Prosecutors have been investigating the actions of 23 officials involved. Venezuelas Supreme Court has been attacked from a police helicopter. A Police Officer whos reported to have seized the helicopter posted a Statement Calling for action against what he described as the criminal government. President trumps attempt to overturn his predecessors Healthcare Reforms has been set back with senators delaying a key vote. Five republican senators have said theyll oppose the bill, meaning it doesnt have a majority. Now it is time for our newspaper review. The Financial Times reports on the companies Around The World that have been hit by a massive cyber attack. Its a virus that freezes the users computer until a ransom in Untraceable Bitcoin is paid. Banks, retailers, energy firms and Transport Networks have been hit. 2. 4 billion euros, handed down to google the gulf news has that huge record fine, 2. 4 billion euros, handed down to google by European Union officials. They accuse the company of Skewing Search Results to favour itself. The article says google could face further fines. The guardian looks at a Report Due Out which says successive british governments have failed to reduce inequality, despite attempts to do so. The report says society continues to fragment even further. The Daily Telegraph reports on a Confidential Fifa Report that was publicly released yesterday. The paper looks at how Prince William and former british Prime Minister David Cameron were allegedly present when a Vote Trading Deal was discussed. Angolas corruption boom. The New York Times has a feature about the countrys ambitious Reconstruction Plan after the civil war. But that went by the wayside, according to the paper, and money vanished into the pockets of individuals. And this image brings new meaning to the term tree house. Its an entire city being built in china, covered in greenery to help soak up pollution and produce clean air
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