CHINA

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State actor seen in "enormous" range of cyber attacks

Security experts announced on Wednesday the discovery of an unprecedented series of cyber attacks spanning five years that affected the networks of 72 organizations globally, including the United Nations, governments and corporations.
Richard "Dickie" George, technical director of NSA's Information Assurance Directorate, is pictured in his NSA office

Hey Hackers, Uncle Sam Needs Your Help

Hackers attending this year's DEF CON conference in Las Vegas, an annual gathering of the hacking community, can add a possible activity to attending speeches, browsing new technology and meeting other hackers: being recuited for a government job.
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Chrysler CEO: Industry faces reckoning with China

U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a day of reckoning down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.
Cyber attacks on the rise globally

China Implicated in Massive Five-Year Long Cyberattack

A top cybersecurity firm released a report detailing a sweeping, five year long cyberattack that struck more than 70 government agencies and corporations and likely originated in China, according to experts familiar with the analysis.
A general view of a container port in Shanghai

World's Private Sector Stumbles as Debt Crisis Bites

The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
U.S. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office at the White House in Washington

Beijing Rating Agency Downgrades U.S. Debt Rating

A Beijing-based ratings agency on Wednesday downgraded the U.S. sovereign debt rating, while Western agencies such as Fitch and Moody?s reaffirmed their AAA rating, following Congressional approval of a plan to raise the debt ceiling.
U.S. President Barack Obama

It's Recession 2012! Early Signs of Economic Slump Emerge

With more than 14 million people out of work, consumer spending falling by the day, the GDP growth outlook remaining grim and rising inflation denting confidence of ordinary people, a massive spending cut of more than $2 trillion would be the proverbial last straw on the camel's back.
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StanChart makes record profit, weathers India slump

Asia-focused bank Standard Chartered reported a record-beating 17 percent rise in first-half profits on Wednesday as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.
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China warns of choppy Treasury market

China's central bank governor urged Washington Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the Treasuries market will undermine the international monetary system and hamper global growth.

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