Cashless outage: How global CrowdStrike meltdown shocked consumers back into using cash to pay bills
Richard Forno, a cybersecurity lecturer at the University of Maryland, said Friday’s outage demonstrates the vulnerability of our current cloud and internet infrastructure. “Software supply chains have long been a serious cybersecurity concern and potential single point of failure,” Forno says.
How one bad CrowdStrike update crashed the world’s computers in airports, train systems, banks, hospitals …and more
The widespread Windows outages have been linked to a software update from cybersecurity giant CrowdStrike. It is believed the issues are not linked to a malicious cyberattack, cybersecurity officials say, but rather stem from a misconfigured/corrupted update that CrowdStrike pushed out to its customers.
Worldwide cyber outage linked to third-party software upgrade grounds flights, disrupts businesses
Microsoft’s cloud unit Azure said it was aware of the issue that impacted virtual machines running Windows OS and the CrowdStrike Falcon agent getting stuck in a “restarting state” amid an ongoing global outage.
African Development Bank approves $1billion loan to South Africa’s rail and ports company
The African Development Bank said on Thursday it had approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet. The 25-year loan was wholly guaranteed by the South African government and will help finance the first phase of a $8.1 billion investment plan for Transnet to...
‘Tuna bond’ scandal that spurred $2 billion debt crisis in Mozambique economy lands ex-finance minister in US court
A key prosecution witness was on the stand on Wednesday as Chang followed along closely via a Portuguese language interpreter. Between 2013 and 2016, three Mozambican-government-controlled companies quietly borrowed $2 billion from major overseas banks – and the government, with Chang’s signature, assured repayment.
Human rights actvists start piling pressure on IMF to force Kenya to account for public funds
Kenya’s debt pressures spurred the IMF to approve $941 million for the country in January, bringing the total amount loaned to the East African nation by the financial agency to $3.9 billion. Kenyans have raised concerns about such heavy borrowing, saying it has done little to improve their lives. At the same time, protesters say, citizens are paying more taxes so Kenya can repay the loans.
‘New era’ in malaria control begins with vaccination of children in Ivory Coast
In 2021, WHO endorsed the first malaria vaccine, known as Mosquirix, made by GSK. But that vaccine requires four doses and protection fades within months. GSK also previously said it would only be able to make about 15 million doses.
S&P Global doesn’t expect recent protests in Kenya to derail IMF plans, will make rating call in August
Under pressure, Kenyan President William Ruto’s government took a step on Monday to try and keep the IMF on side, saying it would cut 2024-25 spending by 1.9 per cent to claw back some of the money that it had hoped to bring in from the now-scrapped tax hikes.
Hard times fall on Kenyans as treasury cuts spending in revised budget after tax-hike rollback
Public demonstrations began last month against the now-binned tax hikes, but went on to demand Ruto’s resignation and deep-rooted political changes to tackle corruption and poor governance.
Strucural adjustments: IMF assesses recent Kenya developments as part of programme review
On Thursday, President William Ruto followed up the move with the dismissal of his entire cabinet and attorney general.
