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canada Economy national security Top News United States 

Canada prime minister says steel exports not U.S. security threat

June 22, 2017 OTTAWA (Reuters) – Prime Minister Justin Trudeau on Thursday dismissed the idea that Canadian steel exports posed a national security threat to the United States and expressed confidence Canada would escape any punitive measures. The U.S. administration of President Donald Trump is probing whether foreign-made steel imports pose a risk. The investigation is almost complete, officials say. Trudeau told a public event in Toronto it was “just silly” to imagine Canadian exports were a threat to the United States, given how closely the two nations’ militaries and…

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Economy NAFTA security Top News Trade Representative Lighthizer United States 

U.S. Trade Representative Lighthizer says no deadline set for NAFTA deal

June 21, 2017 WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations. “There is no deadline. My hope is that we can get it done by the end of the year, but there are a lot of people who think that is completely unrealistic,” Lighthizer told a Senate Finance Committee hearing to discuss the USTR’s budget. He said reaching…

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cyber investigating italy security Tech Top News 

Italy investigates foreign ministry hacking attempt

June 20, 2017 ROME (Reuters) – Italy’s foreign ministry said on Tuesday it was investigating a hacking attempt, after a group calling itself Anonymous published what it said was stolen ministry data. A site called cyberguerrilla.org carried a blog post titled “Foreign Affairs Ministry You Have Been Hacked” addressed to Foreign Minister Angelino Alfano and the head of the national magistrates association. “Regarding the attempted hack of the ministry’s website, a legal complaint has been lodged and investigations are now underway,” the ministry said in a statement. “We hope the…

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China Economy month security Top News World Trade Organization-related 

U.S. sees possible legal challenges to crackdown on steel imports

June 19, 2017 WASHINGTON (Reuters) – The Trump administration expects U.S. and World Trade Organization-related legal challenges in response to a possible crackdown on foreign imports of steel or aluminum, U.S. Secretary of Commerce Wilbur Ross said on Monday. President Donald Trump ordered the investigation in April under the rarely used section 232 of the Trade Expansion Act of 1962. It allows the president to impose restrictions on imports for reasons of national security. Ross is expected to announce within days the outcome of the steel inquiry. “We assume that…

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Business email Risk Cooperatives security Tech Top News 

U.S. tech firm in blockchain tie-up with insurance advisory firm

June 16, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market. Blockchain, a public record of all bitcoin digital currency transactions, can also be used to track assets across industries. Over the last two years, Bitfury has been helping national governments put data on a blockchain. “Blockchain technology can bring transparency and security to the insurance industry, and…

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attack cyber debt Money security Top News 

U.S. muni market slowly starts paying heed to cyber risks

June 14, 2017 By Hilary Russ NEW YORK (Reuters) – A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit by a downgrade or higher borrowing costs because of a cyber security threat. That is beginning to change. S&P Global has begun to quiz states, cities and towns about their cyber defenses, and some credit analysts are starting to factor cyber security when they look at bonds. Moody’s Investors Service is…

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Download Festival England Entertainment European Tour security Top News 

American band Aerosmith ready to rock Download Festival

June 9, 2017 MUNICH, Germany (Reuters) – American rockers Aerosmith said they would put aside security concerns following the Manchester bombing to headline the Download Festival in England on Sunday, insisting the show must go on. The Grammy award-winning Boston band said they had considered pulling out of the festival in Leicestershire after the suicide bombing at the end of an Ariana Grande concert in northern England last month which killed 22 people. “You know our first reaction is we shouldn’t play and put our fans in danger but I…

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Economy Jeremy Corbyn London results security Top News 

FTSE futures, gilt yields fall as odds improve on Corbyn-led government

June 9, 2017 LONDON (Reuters) – London stock exchange futures sank, gilt yields fell and the pound dived below $1.27 for the first time in almost two months on Friday as odds tightened on Labour leader Jeremy Corbyn becoming the next British Prime Minister after UK elections. With trading volumes extremely thin out of London hours, FTSE futures were quoted down 0.2 percent as voting results began to come in, backing projections that showed Prime Minister Theresa May losing her overall majority in parliament. 10-year gilt yields also fell around…

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Business national security Senate Appropriations 

U.S. steel national security study to be completed soon: Ross

June 8, 2017 WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that a national security review of the U.S. steel industry would be completed “very, very soon” and will seek to protect the interests of both domestic steel producers and consumers. Ross told a Senate Appropriations subcommittee hearing that the study could recommend three kinds of actions: imposing tariffs above the current, country-specific anti-dumping and anti-subsidy duties on certain steel products, imposing quotas limiting the volume of imports and a hybrid “tariff-rate quota” option that would include…

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cyber Hewlett Packard Ventures Israel security Tech Top News 

Microsoft agrees to buy U.S.-Israeli cyber firm Hexadite

June 8, 2017 TEL AVIV (Reuters) – Microsoft said on Thursday it has agreed to acquire Hexadite, a U.S.-Israeli provider of technology to automate responses to cyber attacks. Financial terms were not disclosed. In May, Israeli financial news website Calcalist said Microsoft would pay $100 million for Hexadite, which is headquartered in Boston with its research and development center in Israel. Hexadite says its technology increases productivity and reduces costs for businesses. Terry Myerson, executive vice president of Windows and Devices Group at Microsoft, said Hexadite will enable the company…

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