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  • Gucci sorry for warning to Hong Kong funeral offering shops

    Paper offerings featuring a pair of shoes and a hand bag are displayed at a store in Hong Kong, Friday, May 6, 2016. Gucci and its parent company have apologized after drawing heavy criticism for a warning to some Hong Kong shops not to sell paper offerings for the deceased resembling the fashion brand's luxury products. (AP Photo/Kin Cheung)Gucci and its parent company apologized Friday after drawing heavy criticism for warning some Hong Kong shops not to sell paper offerings for the deceased that resembled the fashion brand's luxury products. After meeting with the shop owners, "Kering and Gucci would like to reiterate their utmost respect with regards to the funeral context," the statement said. Specialty shops near funeral parlours sell a diverse array of paper offerings, including bundles of "hell money," mansions, iPhones, cars, cigarettes and designer handbags, cans of beer and soda, mahjong tables and dogs and cats.


  • Stocks head for worst week since mid-February

    People walk through the lobby of the London Stock Exchange in LondonBy Patrick Graham LONDON (Reuters) - Stock markets in Europe and Asia struggled on Friday and only monthly U.S. nonfarm payrolls numbers stood in the way of shares globally racking up their biggest falls since mid-February. Concerns over growth, the failure of extraordinary central bank stimulus and banking profitability in an era of negative interest rates, allied to a still tepid recovery in oil prices , has kept a lid on any optimism over the past month. Money markets show investors have all but abandoned betting that U.S. and global growth will be strong enough to swallow further rises in official U.S. interest rates this year.


  • Oil falls as investors cash in on month-long gains

    Pumpjacks are seen in LagunillasOil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. Oil prices were down around one percent in early European trading, with global benchmark Brent prices set for their first weekly loss in five weeks. "Currently prices are falling even with only few bearish fundamentals," said Frank Klumpp, oil analyst at Stuttgart-based Landesbank Baden-Wuerttemberg.


Computer Security News

  • FireEye reports 1Q loss
    The Milpitas, California-based company said it had a loss of 98 cents per share. Losses, adjusted for one-time gains and costs, were 47 cents per share. The results beat Wall Street expectations. The average ...
  • Turkey eyes visa-free travel to Europe but hurdles remain

    This is an image taken Wednesday May 4, 2016 of Turkish Foreign Minister Mevlut Cavusoglu speaks during a news conference in Ankara, Turkey. Turkey has hailed the European Union executive Commission's recommendation to grant Turkish citizens the right to travel to Europe without visas as "a new page" in relations between Turkey and the EU. (AP Photo/Burhan Ozbilici, File)ISTANBUL (AP) — Visa-free travel to Europe may be finally within Turkey's grasp, but the remaining benchmarks it must meet by June are not easy hurdles to clear. Turkish leaders have explicitly warned the European Union that they will stop cooperating on the migrant crisis if the visa requirement isn't lifted.


  • Pakistan, Indonesia lead in malware attacks: Microsoft report

    An illustration picture shows a projection of text on the face of a woman in BerlinPakistan, Indonesia, the Palestinian territories, Bangladesh, and Nepal attract the highest rates of attempted malware attacks, according to Microsoft Corp. Countries that attracted the fewest include Japan, Finland, Norway and Sweden, Microsoft said in a new study, based on sensors in systems running Microsoft anti-malware software. "We look at north of 10 million attacks on identities every day," said Microsoft manager Alex Weinert, although attacks do not always succeed. Millions occur each year when the attacker has valid credentials, Microsoft said, meaning the attacker knows a user’s login and password.


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