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Aira Linden and Kael Sorven Introduce a Blockchain-Powered System for Secure Online Voting
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Aira Linden and Kael Sorven Introduce a Blockchain-Powered System for Secure Online Voting

In an era where online security is paramount, Aira Linden and Kael Sorven have taken a pioneering step by introducing a blockchain-based system aimed at transforming the landscape of secure online voting. Their collaboration represents a significant advancement in ensuring the trustworthiness and transparency of electoral processes in our increasingly interconnected world. Aira Linden, a seasoned cybersecurity expert dedicated to leveraging technology for societal progress, and Kael Sorven, a renowned blockchain specialist with expertise in decentralized systems, combined their talents to address the critical need for a secure and tamper-resistant online voting solution. Their system leverages blockchain technology to establish an immutable record of votes, guaranteeing that each bal...
Tech sell-off drags Nasdaq lower
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Tech sell-off drags Nasdaq lower

New York – A broad-based selloff in technology stocks weighed heavily on the Nasdaq Composite on Wednesday, overshadowing gains in other sectors. The broader market also came under downward pressure, with the S&P 500 closing lower. The tech-heavy Nasdaq fell 2.2%, marking a continuation of the recent rotation away from high-growth stocks. Mega-cap tech companies, including Apple, Netflix and Alphabet, contributed significantly to the index's losses. The semiconductor sector was hit particularly hard, with shares plummeting after reports of potential new export controls on advanced chip technology to China. The VanEck Semiconductor ETF (SMH) and Nvidia Corporation, a leading chipmaker, suffered substantial declines. In contrast, the Dow Jones Industrial Average managed to eke out a modest g...
IMF raises UK growth forecast, signalling economic recovery
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IMF raises UK growth forecast, signalling economic recovery

London – The International Monetary Fund (IMF) has raised its growth projections for the UK in 2024, a positive indicator for the newly elected Labour government. The global financial institution now expects the UK economy to expand by 0.7% this year, up from its previous estimate of 0.5%. The updated forecast comes as a welcome relief after two years of economic stagnation and a brief recession at the end of 2023. Recent data showing GDP growth of 0.4% in May and expected economic boosts from events such as the Euro 2024 football championship and Taylor Swift concerts have contributed to the optimistic outlook. Major financial institutions, including Goldman Sachs and Deutsche Bank, also expressed confidence in the UK's economic trajectory. These firms raised their growth forecasts, citin...
HSBC Appoints Georges Elhedery as New CEO, Succeeding Quinn
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HSBC Appoints Georges Elhedery as New CEO, Succeeding Quinn

London – HSBC Holdings Plc today announced the appointment of Georges Elhedery as its next Group Chief Executive, effective September 2. Elhedery, currently the bank’s Chief Financial Officer, will take over the reins from outgoing CEO Noel Quinn. Quinn’s departure, announced in April, marks the end of a nearly five-year tenure guiding the bank through the COVID-19 pandemic and geopolitical complexities. He will officially step down on April 30, 2025, after a 12-month gardening leave. Elhedery, who joined HSBC in 2023, brings with him extensive experience in Asia, Europe and the Middle East. The bank’s Board of Directors expressed confidence in his ability to lead HSBC towards sustainable growth and deliver value to shareholders. A successor to Elhedery’s current CFO role has yet to be nam...
Preparing for Paris: What to Know for Your Summer Visit
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Preparing for Paris: What to Know for Your Summer Visit

Having lived in central Paris for six years, I have learned a lot about the ups and downs of being a Parisian. I would go back in a heartbeat. But I also empathize with international visitors who arrive with a romantic vision of perfection, only to face a severe shock, known as "Paris syndrome," when reality doesn't match their expectations. Don't let this discourage you from visiting. Just make sure you know what to expect before you go. Where are the Parisians? At the end of July, many Parisians leave for their summer homes, forcing bakeries to close and restaurants to display signs reading "Fermé" (closed). However, this summer is different. With 11 million visitors expected for the 2024 Summer Olympics, many businesses and restaurants will remain open until August 11, before taking a s...
Dow Jones falls nearly 300 points as S&P 500 heads for worst week in months
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Dow Jones falls nearly 300 points as S&P 500 heads for worst week in months

Stocks fell on Friday as Wall Street braced for the close of a tumultuous week dominated by shifting expectations about the Federal Reserve’s interest rate policies. The S&P 500 and the tech-heavy Nasdaq Composite both fell about 0.3%. Meanwhile, the Dow Jones Industrial Average fell 278 points, or 0.7%, signaling a broader market pullback. The decline marks another day of widespread losses. However, the market is trending toward sectors that stand to benefit most from potential Federal Reserve rate decisions, such as small-cap stocks. The S&P 500 is down more than 1% this week, on pace for its worst performance since April. The Nasdaq is down nearly 3%, jeopardizing a six-week winning streak. By contrast, the Dow is up about 1% and the small-cap-focused Russell 2000 is up more than 2% thr...
Global IT Outage Grounds Flights, Causes Major Delays
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Global IT Outage Grounds Flights, Causes Major Delays

A large crowd is seen at Suvarnabhumi Airport in Bangkok, Thailand, on July 19, 2024, due to a global cyber outage triggered by issues with Microsoft and CrowdStrike. Airlines around the world faced significant disruption on Friday, as a major cyber outage caused widespread flight delays and cancellations. The outage was caused by a major technology upgrade from cybersecurity firm CrowdStrike, which led to a cascade of issues affecting Microsoft systems, leaving numerous organizations scrambling to restore critical applications and services. Airports around the world have been displaying the infamous “blue screen of death” on flight update and check-in screens, indicating serious system errors. Social media has been flooded with images of disrupted services, including handwritten boarding ...