Tag: global economy
3 articles
Data Breach Costs Soar to $5 Million Average Globally
The global average cost of a data breach has skyrocketed to a record $4.99 million, with organisations facing a daunting 602 incidents on average, and experts warn that a reactive security approach is no longer enough to keep up with today's rapid-fire cyber threats. To stay ahead, businesses must shift to a continuous, autonomous defence - or risk being left in the dust.
China's Economic Reset Propels New Phase of Growth
China is undergoing a significant economic reset, shifting from a low-cost labor market to a hub of skilled talent, with innovation-driven growth at the forefront of its 2026-2030 Five-Year Plan. This transformation is set to propel the country into a new phase of outward-facing, commercially sophisticated growth.
Oman, IMO Unveil Evacuation Plan for Stranded Strait of Hormuz Ships
Oman and the International Maritime Organization (IMO) have teamed up to launch a safe evacuation plan for ships stranded in the Strait of Hormuz, a vital waterway for global trade. A temporary maritime corridor has been established, allowing vessels to transit safely with IMO coordination.