At governments as companies are warned more Cyber Attacks could be on the way. We find out how you can protect yourself. Chinas plans to revive ancient trade routes. President xi pledges billions to rebuilt ports, roads and rail networks. Welcome to World Business report. Im sally bundock. Also in the programme Facebooks Sheryl Sandberg makes a mothers day plea to the us government. Details injust a moment. Microsoft says a huge cyber attack is a wake up call saying the hoarding of Security Vulnerabilities by governments has triggered widespread damage. There are fears of further so called Ransomware Attacks as people return to work this morning. A huge number of companies were targeted in the initial attack including spains telefonica, fed ex in the us, and germanys railway firm deutsche bahn. Europol says the attack hit 200,000 victims in more than 150countries and warns more people and businesses could find they are infected this morning. The National Cyber Security Centre urges com
To stay in power, experts warn prolonged Political Uncertainty will ta ke prolonged Political Uncertainty will take its toll on sterling and the economy. Not so in france the euro strengthens as macrons new Party En Marche takes control of french politics. This is World Business report, where we will now focus on the business and economic implications of the elections in the uk and france. Lets start with the uk. The Prime Minister, theresa may, has formed a new government but without a majority in parliament she is relying on an alliance with Northern Irelands largest political party, the Democratic Unionist Party. But while the dup insist their relationship with mays team has been close since she became Prime Minister, 11 months ago, any alliance will come at a price, as joe lynam explains. An economic terms, they are less developed than the Republic Of Ireland or the uk. It has low levels of productivity and is heavily dependent on the state. Those sectors apart from the state that
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
After months of wrangling, lenders agree on more Bailout Money for greece and the chance of debt relief next year. Could the greek tragedy be reaching its final act . Plus, Havana Rethink are cubas growing Business Ties with the us now under threat from President Trump . Welcome to World Business report. Im rachel horne. Also coming up, after the biggest recall in the history of the car industry, could faulty air bag maker takata be about to file for bankruptcy . Well have the latest from asia. We start in greece which has edged back from the brink of financial collapse once again. Late on thursday, after months of wrangling, European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of Bailout Money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015 which is
President is in brussels meeting with key leaders from the European Union but will the worlds two most powerful Trading Blocks reach a deal . The American Food giant, kraft heinz, walks away from its proposed merger deal with rival unilever. It would have been the largest merger ever. Welcome to World Business report. Im sally bundock. Also in the programme, a nose for talent. Indias Perfume Industry takes on a unique hiring approach. But first the us Vice President mike pence meets the president of the European Council donald tusk in brussels this morning. They will try to mend fences after throwing rhetorical Fire Crackers at each other in recent weeks. While mr tusk described trump as a threat to europe, mr trump has praised the uks decision to leave the union and angered many nations with his travel ban. Between them the us and the European Union are the worlds two biggest Trading Blocs figures from 2014 puts the value of all goods and services traded between them worth over one tr