Daily Archive: May 26, 2020

Red Cross urges halt to cyberattacks on healthcare sector amid COVID-19 By Reuters

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© Reuters. FILE PHOTO: Red Cross members take the temperature of a migrant before disembarking from a Spanish coast guard vessel in the port of Arguineguin on the island of Gran Canaria

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By Christopher Bing

(Reuters) – The Red Cross called for an end to cyberattacks on healthcare and medical research facilities during the coronavirus pandemic, in a letter published Tuesday and signed by a group of political and business figures.

Such attacks endanger human lives and governments must take “immediate and decisive action” to stop them, the letter stated.

“We are hoping that the world’s governments will step up to affirm their commitments to the international rules that prohibit such actions,” said Peter Maurer, president of the International Committee of the Red Cross, in the letter.

Microsoft Corp (O:) President Brad Smith and former U.S. Secretary of State Madeleine Albright are among the 42 co-signers of the

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Central bank asset purchases creating ‘fake markets’, analyst warns

In the middle of a global economic shutdown that has led to soaring unemployment rates around the world, some strategists are arguing that rapidly rebounding equity markets have become “divorced from reality.”

In a research note published late last week, Bank of America chief investment strategist Michael Hartnett said government and corporate bond buying by central banks was essentially creating “fake markets.”

“Why would anyone expect stocks to price rationally?” said Hartnett, noting that central banks have been buying US$2.4 billion in financial assets per hour for the past eight weeks.

As of May 20, the U.S. Federal Reserve’s balance sheet stood at US$7.09 trillion — the highest level ever. In response to the economic shutdown, the Fed has injected trillions of dollars in liquidity into markets through such measures as quantitative easing, with the bank buying corporate bonds and ETFs for the first time in its history. It has

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Hong Kong stocks today are trading like a frontier market

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