Business
Global CrowdStrike disruption brings to mind lessons from 2022 Rogers outage
By The Canadian Press on July 19th, 2024
TORONTO – Canadians waking up to a worldwide technology outage that disrupted airlines, hospitals and banks on Friday may be having flashbacks to a widespread telecom outage from two years ago. The July 2022 outage of Rogers Communications Inc.’s networks lasted more than 24 hours and affected more than 12 million customers, while paralyzing communications ... Read More »
Be the first to comment!Retail sales down 0.8% in May as consumers reined in spending
By The Canadian Press on July 19th, 2024
OTTAWA – Canadians reined in their spending in May as retail sales dropped 0.8 per cent, weighed down by decreases at grocers and alcoholic beverage retailers, Statistics Canada reported on Friday. Sales were lower in eight of the nine subsectors it tracks, the agency said, bringing overall retail sales down to $66.1 billion for the ... Read More »
Be the first to comment!Russia convicts US journalist of spying in a trial widely seen as politically motivated
By Kirill Zarubin, The Associated Press on July 19th, 2024
YEKATERINBURG, Russia (AP) – Wall Street Journal reporter Evan Gershkovich was convicted Friday of espionage and sentenced to 16 years in a maximum-security prison on charges that his employer and the U.S. government have rejected as fabricated. The swift conclusion of the secretive trial in Russia’s highly politicized legal system could potentially clear the way ... Read More »
Be the first to comment!S&P/TSX composite index moves lower Friday, U.S. markets also down
By The Canadian Press on July 19th, 2024
TORONTO – Canada’s main stock index moved lower on Friday, as companies and organizations around the world grappled with outages stemming from a faulty CrowdStrike software update, while U.S. stock markets also fell. The S&P/TSX composite index was down 35.02 points at 22,691.74. In New York, the Dow Jones industrial average was down 333.76 points ... Read More »
Be the first to comment!Stock market today: Wall Street slips as S&P 500 heads for its worst week since April
By Stan Choe, The Associated Press on July 19th, 2024
NEW YORK (AP) – U.S. stocks are slipping on Friday, as businesses around the world scramble to contain the effects of a disruptive technology outage. The S&P 500 was 0.4% lower in midday trading, a day after a widespread wipeout dragged down much of the market, and it’s on track to close its worst week ... Read More »
Be the first to comment!A massive tech outage is causing worldwide disruptions. Here’s what we know
By The Associated Press on July 19th, 2024
NEW YORK (AP) – Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries – grounding flights, knocking banks and hospital systems offline and media outlets off air. At the heart of the massive disruption is CrowdStrike, a cybersecurity firm that provides software to scores of ... Read More »
1 responseInternet outage latest | Airlines, businesses hit by global technology disruption
By The Associated Press on July 19th, 2024
A major internet outage affecting Microsoft is disrupting flights, banks, media outlets and companies across the world, with problems continuing hours after the technology company said it was gradually fixing an issue affecting access to Microsoft 365 apps and services. Airlines and airports in the United States, Europe, Australia, India and elsewhere were reporting problems, ... Read More »
1 responseStock market today: Wall Street is mostly steady as CrowdStrike tumbles following global tech outage
By Stan Choe, The Associated Press on July 19th, 2024
NEW YORK (AP) – Wall Street is mostly quiet on Friday, and U.S. stocks are holding relatively steady, even if businesses around the world are scrambling to contain the effects of a disruptive technology outage. The S&P 500 was virtually unchanged in morning trading, a day after a widespread wipeout dragged much of the market ... Read More »
1 responseWidespread global tech outage disrupts flights, banks, hospitals and media outlets
By Charlotte Graham-mclay, Elaine Kurtenbach And David Mchugh, The Associated Press on July 19th, 2024
FRANKFURT, Germany (AP) – A global technology outage caused by a faulty software update grounded flights, knocked banks and media outlets offline, and disrupted hospitals, small businesses and other services on Friday, highlighting the fragility of a digitized world dependent on just a handful of providers. The trouble with the update issued by cybersecurity firm ... Read More »
1 responseCanadian flights, hospitals, border disrupted during global technology outage
By Jordan Omstead, The Canadian Press on July 19th, 2024
TORONTO – A global technology outage grounded flights, disrupted hospitals and backed up border crossings in Canada on Friday, as issues persisted hours after problems with Microsoft services were said to be getting fixed. Cybersecurity firm CrowdStrike said the problem occurred when it deployed a faulty update to computers running Microsoft Windows ““ and that ... Read More »
1 responseRecalled plant-based milk brands must rebuild trust by apologizing: marketers
By Tara Deschamps, The Canadian Press on July 19th, 2024
TORONTO – Marketing experts say two brands that recently had to recall plant-based milk contaminated with Listeria can come back from the deadly outbreak, but they must move quickly to regain consumer trust. They say both Danone and Walmart should apologize swiftly for their recalled Silk and Great Value products, respectively, and specifically outline to ... Read More »
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