Bloomberg Investigators have linked malware used by Russian and eastern European cyber-gangs to a string of bank heists that culminated in the record-breaking theft of US$81 million from Bangladesh’s central bank, according to people familiar with the probe. The tools used in some of the attacks on as many as 12 banks, mostly in Southeast Asia, match those deployed …

  Bloomberg The Bank of Canada is running experiments on interbank payment systems using blockchain-type technology to better understand how it works. The central bank has no plans to issue any digital currency for public use, Senior Deputy Governor Carolyn Wilkins said in an e-mailed statement. Blockchain refers to the technology that underpins distributed ledgers, which are used for verifying …

  Our Correspondent/ Emirates Business In the Middle East, the HP brand is synonymous with quality and reliability, but that has not come overnight. Recognised as one of the original founders of Silicon Valley, Bill Hewlett and Dave Packard founded the company in 1939 in a one-car garage in Palo Alto. In a country where more than a third of …