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Hive ransomware: modern, efficient business model
Hive ransomware: modern, efficient business model
Business and Economy
by  AFP

The US Justice Department's shutdown Thursday of the Hive ransomware operation -- which extorted some $100 million from more than 1,5000 victims worldwide -- highlights how hacking has become an ultra-efficient, specialized industry that can allow anyone to become a cyber-shakedown artist.

Activists slam appointment of UAE oil boss to lead climate talks
Activists slam appointment of UAE oil boss to lead climate talks
Business and Economy
by  AFP

Hundreds of campaign groups on Thursday condemned the appointment of an oil boss to lead UN climate talks in the United Arab Emirates, saying it threatened the meeting's "legitimacy". NGOs and civil society organisations from around the world said in an open letter Thursday the "decision threatens the legitimacy and efficacy of COP28.

Luxury giant LVMH sales, profit hit new highs
Luxury giant LVMH sales, profit hit new highs
Business and Economy
by  AFP

The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan. "Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel.

American Airlines bullish on demand as Southwest reports loss
American Airlines bullish on demand as Southwest reports loss
Business and Economy
by  AFP

American Airlines offered a confident outlook on 2023 travel demand Thursday after reporting record quarterly revenues, while Southwest Airlines continued to suffer the effects of recent operational problems. "We expect a strong demand environment to continue in 2023 and anticipate further improvement in demand for long-haul international travel this year."