Sheikha Lubna Al Qasimi, the UAE Minister for Foreign Trade, on Wednesday paid tribute to women across the Arab world as she officially unveiled CEO Middle East’s 100 Most Powerful Arab Women 2012 list. In a gala event held at Dubai’s Emirates Towers, Sheikha Lubna highlighted the achievements of women in the region across a number of different fields, including business, art, science and sport. Sheikha Lubna, who topped the power list, said it represented how women in the Arab world were successfully overcoming social barriers. “The list shows that it isn’t just business where women are succeeding today. It is in science, in medicine, in the arts, in sports, in culture, in technology, in media. In fact, in so many different fields, Arab women have battled against the barriers the face, and risen to positions of great prominence,” Sheikha Lubna said in a speech on Wednesday.
“It is no longer strange to have an Arab women as the CEO of a big company. It is not unusual for Arab women to be heading large teams of people, both men and women, and to be responsible for hundreds of millions of dollars of expenditure,” Sheikha Lubna added. The UAE’s minister for trade specifically pointed out the efforts of Arab women in the fields of culture and society, 43 of which were included on the list, and highlighted the role of 16 UAE nationals included. Sheikha Lubna also thanked the region’s leaders for their role in creating an environment where women are able to thrive. “Thanks to the wisdom of our leaders, they have provided the encouragement and the environment for women to succeed in. I know that I could not have reached the position I am in today without their support, and I would like to thank them for that,” she said.
March 22 (Bloomberg) — Stocks and commodities dropped while Treasuries rose for a third day after manufacturing contracted in Europe and China and FedEx Corp. predicted slower growth, undermining confidence in the global economy.
The Standard & Poor’s 500 Index slipped 0.7 percent to 1,392.84 at 10:39 a.m. in New York and the Stoxx Europe 600 Index fell for a fourth straight day, tumbling 1.2 percent. The euro depreciated 0.4 percent to $1.3162. Ten-year Treasury yields declined four basis points to 2.26 percent, and the rate on the German bund decreased seven basis points to 1.91 percent. Copper and oil plunged more than 2 percent and nickel retreated to the lowest price this year.
A gauge of European manufacturing fell to 47.7 as factory output unexpectedly shrank in Germany and France, according to London-based Markit Economics. A preliminary measure of Chinese manufacturing slipped to 48.1 in March, the lowest level in four months, based on figures from HSBC Holdings Plc and Markit Economics. FedEx, operator of the world’s largest cargo airline, predicted “below-trend” growth in coming quarters.
“I am not confident on the macro outlook,” said Filippo Garbarino, Chiasso, Switzerland-based manager of the Frontwave Capital Ltd. fund. “Every small macro disappointment is an excuse to realize capital gains and become more defensive. My net exposure to Europe at the moment is zero.”
The S&P 500 retreated for a third day as concern about global growth overshadowed a drop in jobless claims to a four- year low and better-than-forecast growth in an index of leading economic indicators. Initial applications for unemployment benefits decreased by 5,000 to 348,000 in the week ended March 17, the fewest since February 2008, Labor Department figures showed today. The median forecast of 46 economists in a Bloomberg News survey projected 350,000.
Energy, commodity and industrial companies led losses among all 10 groups in the S&P 500 today, dropping more than 1.3 percent. FedEx tumbled 3.8 percent for its biggest drop of the year. Chevron Corp., Caterpillar Inc. and Hewlett-Packard Co. slid at least 1.9 percent for the biggest declines in the Dow Jones Industrial Average.
The Conference Board’s gauge of the outlook for the next three to six months increased 0.7 percent after a revised 0.2 percent gain in January that was less than initially reported, the New York-based group said today. The median forecast of economists surveyed by Bloomberg News called for a 0.6 percent rise.
The Stoxx 600 declined to the lowest level since March 13 as mining and construction companies led losses. Randgold Resources Ltd., which operates three mines in Mali, plunged 8 percent as an army officer said the West African country’s government has been overthrown. Baloise Holding AG sank 6.3 percent as Switzerland’s third-largest insurer said profit dropped 86 percent last year.
Yields on 10-year and 30-year Treasuries retreated for a third straight day after reaching the highest levels in more than four months on March 19. The 30-year bond rate decreased two basis points to 3.37 percent.
The euro fell for a third day versus the dollar. The yen gained against all 16 of its major peers, advancing 1.1 percent versus the euro and 1.5 percent against Australia’s currency. Japan’s exports unexpectedly exceeded imports by 32.9 billion yen ($395 million) in February, the government said. The Dollar Index rose 0.3 percent.
The S&P GSCI gauge of commodities declined 1.4 percent as silver, natural gas and oil fell more than 2 percent to lead declines in 19 of 24 raw materials.
The MSCI Emerging Markets Index fell 0.7 percent, heading for its sixth straight decline. The Micex Index slid 1.5 percent in Moscow and the FTSE/JSE Africa All Shares Index retreated 0.8 percent in Johannesburg. The BSE India Sensitive Index fell 2.3 percent. The Hang Seng China Enterprises Index lost less than 0.1 percent, its seventh straight loss and its longest losing streak since June.
Cybercriminals and hackers had a big year in 2011, taking on everyone from Sony and the authentication-token maker RSA to the CIA and even a notorious Mexican drug cartel. During the Arab Spring, the headline-hounding hackers in the LulzSec and Anonymous groups showed just how vulnerable anyone’s online presence is, even that of major governments.What can we expect in 2012? More of the same, or a dynamic shift in what crooks want? And how will they go about getting it?
It’s too early for the answers, but 2012 has already seen its share of cybercriminal incidents. Starting with the most recent targets, here’s a list of hackers’ most-daring exploits and the data breaches, compromises, data leaks, thefts, threats and privacy invasions that have made this a year to watch. Free Web Security Scanner www.nstalker.com.N-Stalker scans web application for 35,000 attacks, SQL & XSS injection.Ads by GoogleFeb. 27: Stratfor WikiLeaks began publishing more than 5 million emails it obtained from the Austin, Texas-based global consulting firm Stratfor. The emails, WikiLeaks said, highlight Stratfor’s dubious financial dealings, global cover-ups as well as coordinated campaigns to subvert WikiLeaks and its founder, Julian Assange. It’s not known exactly how WikiLeaks obtained the emails, but signs point to Anonymous, which hacked Stratfor’s servers late last year and made off with emails and credit card numbers.Feb. 14: Nortel Valentine’s Day proved anything but romantic for Nortel, the Canadian telecom company currently in bankruptcy. It turns out that hackers, believed to be operating from China, had been spying on Nortel for at least a decade, the Wall Street Journal reported. Using seven passwords stolen from top executives, the cybercriminals infiltrated Nortel’s servers and downloaded technical papers, research-and-development reports, employee emails, business plans and other confidential data.Feb. 14: Combined Systems Inc. Proudly hoisting the hacktivist flag, the ever-present Anonymous hacking network took credit for knocking Combined Systems Inc., a Jamestown, Pa., security company, offline and stealing personal information from its clients. As reported by the Associated Press, Anonymous said it went after Combined Systems, which sells tear gas and other crowd-control devices to law enforcement and military organizations, to protest “war profiteers” and to commemorate the one-year anniversary of the bloody citizen uprising in Bahrain.Feb. 14: Brazzers.com A 17-year-old hacker said he tapped into an inactive forum run by the hard-core porn site Brazzers and used it to expose the personal information of more than 350,000 registered users. The site’s parent company, Luxembourg-based Manwin Holding SARL, said no credit-card data had been compromised. The hacker, based in Morocco, said he leaked the information not to embarrass the site’s customers or to make money, but simply to highlight how vulnerable popular websites are. Not surprisingly, the teen hacker said he had aligned himself with the Anonymous movement.Feb. 10: Central Intelligence Agency For the second time in less than a year, Anonymous launched a distributed denial-of-service attack that temporarily knocked the website of the Central Intelligence Agency offline. The CIA takedown capped a busy week for the hacktivist pranksters; in 10 days, the group went after Chinese electronics manufacturer Foxconn, American Nazi groups, anti-virus maker Symantec and the office of Syria’s president.Feb. 8: Office of the Syrian President During an especially active week of digital daring, Anonymous leaked a cache of emails from Syrian President Bashar Assad’s office, including one particularly candid email in which one of Assad’s media advisers preps him for an interview with Barbara Walters and tells him that the “American psyche can be easily manipulated.”Feb. 8: Foxconn With Apple facing worldwide scrutiny over the questionable working conditions at Foxconn, a Chinese company that assembles iPhones and iPads (as well as devices for Dell, Sony, IBM, Microsoft, Samsung and others), it was only a matter of time before hacktivists took up the cause. In this case, it wasn’t Anonymous but a group called Swagg Security (SwaggSec) that struck the first blow, making off with staff email logins and credentials that could allow an attacker to place a fraudulent order.Feb 7: Hamas The Israeli hacking group IDF Team launched an attack against a Hamas website, qassam.ps, knocking it offline to protest the site’s anti-Israeli stance. This was not an isolated incident; it was instead the latest strike in a calculated monthlong battle between Israeli and Arab hackers that began Jan. 3, when a Saudi Arabian hacker calling himself 0xOmar posted 15,000 Israeli credit-card numbers.