Tag: prevent
UBS buys troubled rival Credit Suisse for £2.6bn in shotgun deal to prevent meltdown
TROUBLED bank Credit Suisse was bought by Swiss rival UBS last night in a shotgun deal to prevent a meltdown when financial markets opened today.
The deal, following a weekend of emergency talks with financial regulators, valued the bank at £2.6billion — down almost £4billion since last week.
Credit Suisse, 167 years old, was once worth £90billion.
But jitters led to billions being wiped off European banks.
Last it was trading at a low of £6.5 billion after its shares plunged.
Global regulators and central banks were in frantic talks over the weekend to prevent panic spreading.
The deal sees the Swiss government offering an £8billion backstop to guarantee against any losses, and the Swiss central bank putting up a huge £90billion buffer.
The Swiss National Bank said the deal was the best way to manage risks and restore confidence.
The Bank of England joined other central banks in praising the deal for “supporting financial stability”.
It said: “The UK banking system is well funded, and remains safe and sound.
Mysterious ‘Difficulties’ Prevent Secretive Nuclear Lab From Releasing Records On First Known Interstellar Object To Lan…
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Swiss Google workers stage walkout over layoffs, offer to reduce wages to prevent cuts
Back in January, Google became one of the many tech companies to announce layoffs as a result of overhiring during the pandemic and the current global economic downturn. Chief Executive Officer Sundar Pichai said 12,000 workers globally, equivalent to 6% of its employees from around the world, would be let go.
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US airports now have software to prevent aircraft from landing on taxiways by mistake
Pilots have to worry about more than just mid-flight crashes and bad weather — they also risk a collision if they land on the taxiway instead of the runway. Thankfully, they have now have a digital safeguard. The Federal Aviation Administration (FAA) tellsAxios that 43 major US airports are now using ASDE-X Taxiway Arrival Prediction (ATAP), a software platform that warns air traffic controllers if an aircraft is lining up to land on a taxiway by mistake. An aviator shouldn’t endanger lives on the ground simply because they’re inexperienced or fatigued.
The system relies on standard radar along with other sensors. It also works regardless of aircraft size — it can flag small turboprops and large airliners. ATAP first saw use at Seattle-Tacoma International Airport in 2018, and the FAA says it finished software upgrades at compatible airports last September. Some of the airports using the tech include Boston Logan, Chicago O’Hare and New York’s JFK.
This is more than just a theoretical exercise. The FAA notes ATAP has caught over 50 potential taxiway landings since 2018, and there have been eight alerts so far in 2023. While accidental landings are far less common than crashes (and thus far less deadly), the software may still be helpful even if it prevents chaos from an aircraft disrupting the queue.
ATAP’s rise comes as aircraft and airports increasingly rely on digital safety systems. Airbus, for instance, recently began testing a pilot assist that can automatically divert flights in emergencies, aid with taxiing and even land if the pilots are incapacitated. Full autonomy is still distant, but there may soon be many safeguards against everything from simple errors to an unconscious crew.
This article originally appeared on Engadget at https://www.engadget.com/us-airports-now-have-software-to-prevent-aircraft-from-landing-on-taxiways-by-mistake-173646341.html?src=rss
Tim Schafer Addresses Crunch In Psychonauts Documentary And How He’s Working To Prevent It
As part of an interview with IGN‘s Rebekah Valentine, legendary game developer Tim Schafer shed some light on the ways he and his team at Double Fine are working to maintain a healthy workplace while also reducing crunch. Schafer is known for transparency, and you can see this on display in the 32-part Psychonauts 2 documentary from 2 Player Productions. This is unusual, given the high degree of secrecy in the video game industry.
Schafer, best known for his work on The Secret of Monkey Island, Grim Fandango, Psychonauts, and, most recently, Psychonauts 2, wants to make it easier — and healthier — for people to make video games. He notes that the documentary’s goal is “pulling back the curtain and letting people see that they could probably get a job in games.”
But making video games is no easy task, and is plagued by crunch, a term used to describe employees working extended overtime in order to meet deadlines. Despite being frowned upon, this practice is common in the video game industry, as many developers work upwards of 80-hour weeks (or more).
Multibillion dollar companies should do more to prevent cyberattacks, says the Biden administration
The White House on Thursday unveiled a new National Cybersecurity Strategy to make cyberspace more secure for Americans. The new policy puts the onus on tech firms and large organizations to make their systems more secure, so that they are better able to resist the increasingly more sophisticated cybersecurity threats…
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Facebook and Instagram will help prevent the spread of teens’ intimate photos
Meta is taking further action as part of its long-running promise to combat sextortion and other forms of child sexual abuse material (CSAM). The company has revealed that Facebook and Instagram are founding members of Take It Down, an initiative from the National Center for Missing and Exploited Children (NCMEC) that helps young people and their parents remove intimate photos posted online. The system relies on locally stored photos, but theoretically protects privacy.
Instead of sharing the photos themselves, concerned users visit Take It Down to upload generated hashes. If Facebook, Instagram and other program members spot those hashes elsewhere, they can pull and block the content so it won’t proliferate. Meta notes that this isn’t just for those under 18, either. Parents can act on a child’s behalf, and adults can scrub images taken of them when they were younger. The NCMEC warns that platforms may have “limited capabilities” to remove content that’s already online, but this could still help mitigate or undo the damage from unwanted sharing. We’ve asked Meta for clarification.
Meta announced its anti-sextortion plans in November as part of a broader crackdown against “suspicious” adults messaging teens. The project is a follow-up to the StopNCII technology the company developed to fight revenge porn, and shares a similar implementation. This is the latest in a string of efforts to protect teens on Meta’s social networks. The company already limits sensitive content for teen Instagram users and restricts ads targeting young audiences, for instance.
The action isn’t entirely voluntary. Meta is under pressure from state attorneys general and other government bodies to show that it protects teens, particularly in light of whistleblower Frances Haugen’s accusations that the firm downplayed research into Instagram’s effects on mental health. The new takedown platform may lift some of that pressure even as it gives abuse survivors more control over their online presence.