About 45% of global piracy occurred in the Gulf of Guinea in the first quarter of this year, according to Allianz. There were 47 reported incidents, up from 38 a year ago, mostly targeting container ships and bulk carriers.

Twitter hacking spree alarms experts concerned about the platform’s security

Jul 16, 2020

“If the hackers do have access to the backend of Twitter, or direct database access, there is nothing potentially stopping them from pilfering data in addition to using this tweet-scam as a distraction,” said Michael Borohovski, director of software engineering at security company Synopsys.

U.N. aid chief to G20 on coronavirus: ‘Step up now or pay price later’

Jul 16, 2020

The United Nations increased its humanitarian appeal by more than a third to $10.3 billion to help 63 states, mainly in Africa and Latin America, tackle the spread and destabilizing effects of the coronavirus. This is up from the world body’s initial $2 billion request in March, then $6.7 billion in May.

So far, Lowcock said, the United Nations has only received $1.7 billion.

IMF chief warns global economy ‘not out of the woods,’ dangers lurk

Jul 16, 2020

The IMF last month further slashed its 2020 global output forecasts, predicting a 4.9% contraction and weaker-than-expected recovery in 2021.

IMF Managing Director Kristalina Georgieva said $11 trillion in fiscal measures by G20 members and other countries, as well as massive central bank liquidity injections, have put a floor under the global economy.

Even so, dangers lurked, she said, including a major new wave of infections, stretched asset valuations, volatile commodity prices, rising protectionism and political instability.

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