Tuesday, February 27

News

Popular WordPress Plugin Makes 2 Million Websites Vulnerable
News, Tech

Popular WordPress Plugin Makes 2 Million Websites Vulnerable

A vulnerability in the Advanced Custom Fields plugin for WordPress makes it possible to enter malicious code on about two million websites, causing damage to the site and/or the user. These are the Delicious Brains Advanced Custom Fields and Advanced Custom Fields Pro plugins. The plugin gives WordPress site administrators more control over their content and data. On February 5, Patchstack discovered that performing an XSS attack via that plugin was possible. This stands for cross-site scripting and essentially involves an attacker entering code, usually into a text box on a site. The site then interprets that code. XSS attacks were widespread 10-15 years ago. Since then, most sites with fill-in options know how to close those boxes so that only text is possible or code is not e...
ECB Raises Interest Rates Less Hard in the Fight Against Inflation
Business, Europe, News

ECB Raises Interest Rates Less Hard in the Fight Against Inflation

The European Central Bank (ECB) has raised interest rates again in the fight against high inflation. However, that went less fast; this time, a quarter of a percentage point was added compared to half a percentage point last time. Interest rates are now back at the level of 2008, at the beginning of the financial crisis. Central bank policymakers continue to look to macroeconomic data for subsequent interest rate decisions. However, they are not moving forward on that yet. The ECB introduced this data-driven approach earlier this year. Before that, they often indicated that even more interest rate hikes were needed. But in the meantime, central bankers have become more cautious. This is because the consequences of interest rate increases are not measurable after some time. In...
UPS Drops Pressure on Wall Street After Disappointing Figures
Business, News, US

UPS Drops Pressure on Wall Street After Disappointing Figures

UPS was among the losers on the New York stock exchanges on Tuesday. The large American parcel delivery company booked less turnover and profit last quarter than experts had expected. CEO Carol Tomé said declining retail sales in the United States resulted in lower parcel volumes and continued weakness in Asia. However, UPS expects volume to remain under pressure due to macroeconomic conditions. The stock was down 7.5 percent. In addition to UPS, other large companies such as General Motors, McDonald's, PepsiCo, 3M and General Electric also released figures. Investors are also looking forward to the quarterly reports from software group Microsoft and Google parent company Alphabet, which will be announced after trading on Wall Street. The overall mood on Wall Street remained ...
Japan Opens First Casino, Despite Major Gambling Problem in the Country
Japan, News

Japan Opens First Casino, Despite Major Gambling Problem in the Country

According to a Gaming Commission brochure, know your limits and when to stop. Japan is just getting started. The country's first casino will open in 2029. Fear of gambling addiction loses out to the desire to attract tourists. Japan has strict gambling laws, but in 2018 it was decided that some resorts may have casinos. Since then, it has been searching for locations. The first location approved is in Osaka. On an artificial island off the coast, a hotel, conference centre, shopping centre, museum and casino are being built. The construction will cost 1.08 trillion yen (7.4 billion euros). The site will be operated by a consortium of companies, the largest of which are US casino giant MGM Resorts and Japanese financial services company Orix. Together they own 40 percent of the share...
Four Officers Killed in Pakistan Shooting With Islamists
Asia, News, Pakistan

Four Officers Killed in Pakistan Shooting With Islamists

Four officers died on Tuesday after they became involved in a shooting spree with Islamist fighters in southwest Pakistan. On Monday evening, four people were killed in a bomb attack at the same place, the local police said. Gunmen believed to be part of the Tehreek-e-Taliban Pakistan (TTP) group, the Pakistani Taliban, opened fire on some officers just before dawn in Kuchlak, about ten kilometres north of Quetta, the capital of the province. Balochistan. "The men opened fire on a group of officers from a building; four officers were killed," said police officer Muhammad Zohaib. "One terrorist also died from bullets, and the others managed to escape." On Monday evening, four people - two officers and two civilians - died after a bomb attack. That bomb was planted on a motorcy...
Most Popular App in China Spies on Users via Phone: Most Dangerous Malware Ever Found in App
China, News, Tech

Most Popular App in China Spies on Users via Phone: Most Dangerous Malware Ever Found in App

Pinduoduo, the most popular app in China, has bypassed phone security systems and spied on users. It even had access to private conversations. As a result, experts are concerned: "Most dangerous malware ever found in an app." Pinduoduo is a Chinese app where you can buy almost anything. It started with only food, but now clothing, electronics and furniture can also be purchased in the app. With more than 750 million monthly users, it is even the most popular app in China. Of course, it can only be used in China, but owner PDD Holdings also sells stuff in the US, Canada, Australia and New Zealand with the Temu app. The app is by no means unspoken. In February, the Chinese cybersecurity company Dark Navy suspected Pinduoduo of using malware, and in March, Google removed the app fr...
World Bank: Lost Decade in the Making for Global Economy
Business, News, World

World Bank: Lost Decade in the Making for Global Economy

Nearly all global economic forces that have driven progress and prosperity over the past three decades are fading. "A worrying trend. There could be a lost decade in the making for the global economy," says a World Bank report. As a result, average global economic growth between now and 2030 is expected to decline by about a third compared to the pace of the first decade of this century. This equates to a decrease of more than 2 percent in growth per year. For emerging economies, growth is slowing, from 6 percent a year between 2000 and 2010 to 4 percent a year for the rest of this decade. "These declines would be much stronger in the event of a global financial crisis or recession," the World Bank said. According to the institute, the continued decline in growth has "serious...
UN: World Trade Reached a Record Level in 2022
Business, News, World

UN: World Trade Reached a Record Level in 2022

World trade reached a record high in 2022, although growth slowed in the last quarter of the year. This is reported by the UN Conference on Trade and Development (UNCTAD) based on its report. The United Nations organization also predicts that global trade volumes will stagnate in the first half of this year. The total global trade volume amounted to 32 trillion dollars (more than 29 trillion euros) last year, UNCTAD estimates. Trade in goods rose by about 10 percent from 2021 to reach an estimated value of $25 trillion. Global service trade increased even more, growing 15 percent year-on-year to $7 trillion. According to the organization, trade growth was mainly stimulated because the logistical problems in ports have largely been resolved, and the global capacity to transpor...
Volkswagen Sued for Tens of Millions by Former Partner
Business, News

Volkswagen Sued for Tens of Millions by Former Partner

The Russian car manufacturer has sued car group Volkswagen (VW) and former partner GAZ, the Interfax news agency wrote on Monday. GAZ is demanding compensation of 15.6 billion rubles, the equivalent of almost 190 million euros, through the court in the Russian city of Nizhny Novgorod and has already had the court seize VW's Russian assets. The German company terminated the contract with the car maker after Russia invaded Ukraine last year. Until last year, GAZ built several models of VW and Skoda at the factory in Nizhny Novgorod. The company is owned by oligarch Oleg Deripaska, a businessman with close ties to Russian President Putin and against whom sanctions have been imposed. The German car group, which also includes brands such as Seat, Audi and Porsche, is negotiating t...
At Least 190 Dead After Second Passage of Cyclone Freddy in Southeast Africa
Africa, News

At Least 190 Dead After Second Passage of Cyclone Freddy in Southeast Africa

In southeastern Africa, the death toll continues to rise after the second pass of Cyclone Freddy. The government of Malawi, which was hardest hit, says at least 190 people have already been killed. Several regions have been declared disaster areas. At more than 31 days, it is the longest-lasting storm on record. Cyclone Freddy made landfall in Mozambique for the second time on Sunday. Enormous amounts of rain, strong winds and flooding accompanied this. The cyclone then moved on to Malawi. In Malawi alone, at least 190 people have been killed recently. There are also nearly 600 injured and dozens missing. Many victims fell in the economic capital of Blantyre. In addition, several regions in the country's south have been declared disaster areas. This is also the case in the re...