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Microsoft faces heat from US Congress over cybersecurity
Microsoft faces heat from US Congress over cybersecurity
Technology
by  AFP

Members of US Congress on Thursday pressed Microsoft to explain a "cascade of avoidable errors" that allowed a Chinese hacking group to breach emails of senior US officials. "The Board finds that this intrusion was preventable and should never have occurred," the review said, pinpointing "the cascade of Microsoft's avoidable errors that allowed this intrusion to succeed."

Argentine monthly inflation lowest in 2.5 years
Argentine monthly inflation lowest in 2.5 years
Business and Economy
by  AFP

Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday. Economist Hernan Letcher of the CEPA economics think tank told AFP the inflation drop was explained, in large part, by a "significant fall in consumption."

Bond-buying in focus as Bank of Japan decides policy
Bond-buying in focus as Bank of Japan decides policy
Business and Economy
by  AFP

The Bank of Japan is expected to hold interest rates steady on Friday but reports said it could gradually reduce its vast hoard of government bonds as it shifts away from a long-running ultra-loose monetary policy. And because reducing government bond purchases is already widely expected, if the BoJ does not decide to do this, the yen will decrease further, he warned.