Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
In about 90 minutes time well get the latest health check on the economy and everyone is asking the question will the numbers reveal we are officially out of recession . Well, most experts predict yes, and say we will see a smidgen of Growth Injanuary of 0. 2 . This would confirm the Bank Of Englands suggestion that the downturn is behind us. During the final three months of last year, the data showed the uk slipped into recession and inflation injanuary was at 4 so its still twice the Bank Of Englands target. Lets discuss all of this with azad zangana, Senior European Economist at schroders. Good morning to you. Are you with the majority believing today will give us a Growth Number . Today will give us a Growth Number . ~. ~ ~ number . We are. We think it could be number . We are. We think it could be even number . We are. We think it could be even a number . We are. We think it could be even a little number . We are. We think it could be even a little higherl could be even a little h
the first time it has opted against a rise in more than a year. fed chairmanjerome powell said the bank was still waiting for evidence that inflation was slowing decisively. so what might be in store? to talk through what s at stake i m joined by francis 0h, asia pacific chief executive at qraft technologies. a warm welcome to the programme. argue with the economists, the bookies that predict that inflation will actually be coming down to around 3%? actually be coming down to around 396? actually be coming down to around 396? ., ~ , ., ., ., around 396? thank you for having me, es, this is interesting because it would take a long time to see the 3% level could be achieved. we are still waiting and see for extra detail but right now the call of economists is about 3.1% of cpi data thisjune, which is also substantially different from the previous three months in may and i think the query strategy is that the cooling down of the cpi, and the fed looks like it will be changing t
a semiconductor superpower. our asia business reporter monica miller has more. it is a major setback. prime minister narendra modi has made chip making a top priority for india s economic strategy in pursuit of what they say is a new era of electronics making. it doesn t get much bigger than foxconn, which makes roughly 70% of apple s iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit to explain how this partnership happened. that was in september 2020 to the taiwanese firm and the indian mining giant agreed to this deal. and part of it was because foxconn was looking at the situation then, which had strict covid restrictions in china, where a lot of these phones are made. they are also concerned about the geopolitical tensions we ve mentioned many times on this programme between the us and china. so it was looking to partner up, which is with the country which is now the largest in the world. but un
to protect commercial ships in the red sea. countries joining the security group include the uk, france, canada, bahrain, norway and spain. it comes after the energy giant, bp, suspended its shipping operations through the red sea because cargo vessels are being attacked by houthi rebels from yemen. this is the route taken by around 12% of world shipping which then passes through the suez canal. but several major freight companies have now stopped passing through here. because of the risk. instead they are taking the much longer route all the way around africa via the cape of good hope. that adds costs and delays. here s the us defense secretary lloyd austin. these attacks are reckless, dangerous and they violate international law. we are taking action to build an international coalition to address the threat. i would remind you that this is not just a us issue, this is an international problem and it deserves an international response. joining me now is marc 0stwald, chief e