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AP National Business

Under pressure, Powell says Fed to revamp its trading rules

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest. Powell stopped short of saying explicitly that the trading moves were

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Lithuanian agency warns against use of Chinese-made phones

By LIUDAS DAPKUS Associated Press Writer VILNIUS, Lithuania (AP) — Lithuanian cybersecurity authorities are urging the country’s governmental agencies to abandon the use of Chinese smartphone brands. Lithuania’s National Cyber Security Center said it found four major cybersecurity risks for devices made by Huawei and Xiaomi. The center said in a report the center released

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Report: Suspected Chinese hack targets Indian media, gov’t

By DAVID RISING Associated Press BANGKOK (AP) — A U.S.-based cybersecurity company says it has uncovered evidence that an Indian media conglomerate, a police department and the agency responsible for the country’s national identification database have been hacked, likely by a state-sponsored Chinese group. The Insikt Group, the threat research division of Massachusetts-based Recorded Future,

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US govt to probe Zoom’s $14.7B Five9 deal for natsec risks

The Associated Press A U.S. government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom’s $14.7 billion deal for cloud call center company Five9 for national security risks due to “foreign participation.” The Justice Department declined to answer questions Tuesday. Zoom, which is based in California but has significant operations in China,

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Billionaires rocketing into space draw UN chief’s red glare

By SETH BORENSTEIN AP Science Writer U.N. Secretary-General Antonio Guterres is a no-go for launching billionaires into space. Guterres called out billionaires for joyriding into space while millions go hungry. In July, billionaires Richard Branson and Jeff Bezos flew into space, just missing orbit, on spaceships their companies built. Billionaire Jared Isaacman and three others

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