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Asia Braces For Ransomware Fallout As Workweek Begins: "Hong Kong Will Get Hammered"

Asia Braces For Ransomware Fallout As Workweek Begins: "Hong Kong Will Get Hammered"

Having unleashed hell on over 100 nations and over 225,000 users worldwide on Friday, cybersecurity experts in Asia are bracing for the WannaCrypt ransomware plague to strike as the workweek begins.

As The South China Morning Post reports, thousands of computers across Asia were said to be affected with more reports expected when people return to work after the weekend, security experts said. Attley Ng, senior vice president of NSFOCUS Asia Pacific, a network security solutions company, said:

Scandal At China's Grand Silk Road Summit As India Skips, Warns Of "Unsustainable Debt"

Scandal At China's Grand Silk Road Summit As India Skips, Warns Of "Unsustainable Debt"

It was supposed to be China's day of celebrating massive infrastructure spending for the sake of spending (read ghost towns, only now outside China's borders) as Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge "a path of peace, inclusiveness and free trade" while calling for the abandonment of old models based on rivalry and diplomatic power games. However, it did not go quite as smoothly as expected.

24 Hours Later: "Unprecedented" Fallout From First Global, Coordinated Ransomware Attack

24 Hours Later: "Unprecedented" Fallout From First Global, Coordinated Ransomware Attack

Less than 24 hours after it first emerged, it has been called the first global, coordinated ransomware attack using hacking tools developed by the NSA, crippling over a dozen hospitals across the UK, mass transit around Europe, car factories in France and the UK, universitied in China, corporations in the US, banks in Russia and countless other mission-critical infrastructure.

Xi Should Coach Trump On How To Avoid A Trade War

Xi Should Coach Trump On How To Avoid A Trade War

The U.S. has recorded a trade deficit in every year since 1975. This is not surprising — America spends more than it saves. So, it must run a trade deficit, and this deficit is financed by means of a virtually unlimited U.S. line of credit with the rest of the world. Economies that save more than they spend and record corresponding trade surpluses ship funds to the U.S. to finance America’s insatiable spending.

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