Business
Global IT Disruptions Cause Flight Suspensions and Travel Chaos
Flights at Berlin Brandenburg Airport were suspended on Friday morning due to a “technical problem,” causing delays and cancellations until 10:00 am (0800 GMT), with no clear time for resumption.
This incident coincides with massive IT disturbances reported in several countries.
Australia experienced a large-scale IT outage affecting the national broadcaster, its largest international airport, and a major telecommunications company.
The disruption came as US tech giant Microsoft undertook “mitigation actions” to address service issues. The UK’s largest rail operator also warned of potential train cancellations due to IT problems.
In the US, all flights from major airlines like Delta, United, and American Airlines were grounded on Friday morning due to a communication issue, according to the Federal Aviation Administration (FAA), impacting flights regardless of their destination.
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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