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20199 articles published since 08 Mar 2022

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Directors should 'control' tech, not fear it: Scorsese
Directors should 'control' tech, not fear it: Scorsese
Technology

US cinema legend Martin Scorsese said Tuesday directors should harness technology to serve their "voice" rather than fearing it will kill their industry. Scorsese said with entertainment technology now changing "so exhaustively and rapidly", "the only thing they (filmmakers) could really hold onto is the individual voice".

Dutch court upholds $50-bn payment award in Yukos case
Dutch court upholds $50-bn payment award in Yukos case
Economy

A Dutch court quashed an appeal by Russia in a record $50-billion case Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos. Russia took the decision to the Dutch courts, with Supreme Court judges eventually in 2021 shunting the case back to a lower ranking appeals court on procedural grounds, for another round of hearings.

The Body Shop to shut nearly half of UK shops
The Body Shop to shut nearly half of UK shops
Economy

The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday. The Body Shop employs about 1,500 people across its UK stores but the administrators did not specify how many positions would be lost.

Stuck in cyberattack nightmare? Call the negotiators
Stuck in cyberattack nightmare? Call the negotiators
Technology

Criminals have overtaken your computer network, they are threatening to leak your most sensitive secrets and your share price is tumbling. In a ransomware attack, gangs -- sometimes state-backed -- hack into networks and demand payment either to unlock the system or prevent the release of top-secret data.

Walmart says it will buy TV maker Vizio for $2.3 bn
Walmart says it will buy TV maker Vizio for $2.3 bn
Economy

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom. Walmart announced the deal along with the release of fourth-quarter earnings, in which it reported solid revenues growth of 5.7 percent to $173.4 billion.

Lack of rain leaves Italy gasping
Lack of rain leaves Italy gasping
Economy

A blanket of smog covers Milan, empty reservoir bake in Sicily and wine production is down in Piedmont as a lack of rain across Italy exacerbates pollution and sparks droughts. Meanwhile Piedmont in the northwest asked the agricultural ministry on Monday to declare a natural disaster for drought in the region, saying it has affected vineyards and caused "significant" drops in wine production.

'World's most harmful': What is the LockBit cybercrime gang?
'World's most harmful': What is the LockBit cybercrime gang?
Technology

An international law enforcement operation has taken down dozens of servers and disrupted LockBit, "the world's most harmful cyber crime group" according to British authorities. The group has gained notoriety and attention from law enforcement agencies after high-profile attacks such as the one on Royal Mail.

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