The FBI and its partners have disrupted a Chinese botnet and freed thousands of impacted devices from its clutches.This was revealed by FBI Director Christopher Wray during a keynote address at the 2024 Aspen Cyber Summit in Washington, D.C. The botnet, which was operated by a Chinese government-sponsored hacker group known as Flax Typhoon, targeted internet-connected devices such as storage devic...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.