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tv   Business - News  Deutsche Welle  January 4, 2018 6:15pm-6:31pm CET

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to compete at the u.s. open in august but we drew two days before the start of the tournament the recurring injury has seen him slip to sixteen in the pew rankings. all right thank you so much for spending this part of your day with us. is up next . what will twenty eight teams have in store for us which topics will shape the next twelve months our political outlook on news. moscow.
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between the election soon to the olympics. will twenty team turn out for president to do. today at noon news. stories the people of the world over information they provide the plans they want to express g.w. on facebook and twitter up to date and in touch follow us. panic over the security of computers and mobile devices the discovery of a major floor in chips has experts trying to find a fix while hackers could be stealing our passwords and other sensitive data. oil prices. hit
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a three year high the unrest in iran causes widespread market uncertainty. and disastrous costs for the global insurance industry the financial pain inflicted by natural catastrophes almost doubles in twenty seventeen. and let's do business the scramble is on to find a fix for serious flaws in computer chips around the world witness could affect billions of computers and smart phones experts i've spoken to say this could well involve everyone security researchers discovered the problem affecting computer processes built by intel and other chip makers some time ago now but the news has only just surfaced intel is still hush hush about it all we're joined at the moment by someone who knows exactly why but first here is what we know so far the intel security flow could allow hackers to obtain access to passwords encryption keys and other sensitive data the newly announced vulnerability could
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affect every processor released since one nine hundred ninety five at the moment there's no way for users to detect a breach which leaves no trace in traditional log files some security experts are calling it the worst flow ever found by the computer industry is probably more of a problem with a security guy this is what the processor is the core of the computer it's what the operating system runs on and that means when the processor is affected and the hacker takes advantage of that flow they have access to everything. desktops notebooks tablets smartphones running on intel chips are affected the problem may be even bigger than initially reported in a statement intel said recent reports that these exploits are caused by a bug or a flow and are unique to intel products are incorrect based on the analysis to date many types of computing devices with many different vendors processors and
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operating systems are susceptible to these exploits. researchers who discover the security gaps a computer is powered by a r m n m d also affected a claim that a.m.d. has denied software updates will be released to help protect against security cops these could cause computers to run more slowly with some estimates indicating a dimple up to thirty percent but intel says that ordinary user is a likely to see a performance hit of no more than two percent. from the tech magazine motherboard deutschland it reports on the intersection between technology and society let's start about this discovery itself because you've uncovered some quite interesting details about the research teams involved in uncovering these flaws in chips yeah it was three separate teams that discovered this flaw and it's known since june two thousand and seventeen and they independently verify it first the two flaws one is called specter and the others called meltdown and this discovery could also mean
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that very well funded or capable threat agents could have uncovered that at the same time in the wild there is no way of knowing if this exploit has been used by anybody else so far because the locked out does not affect it so you can't really say it has been exploited but acars have oversleep from what you're telling me they've had a long time to exploit it if they've known about it what about the people at intel who knew about it themselves. well intel and a couple of other tech companies have been secretly working to patch this thing but something very interesting just came out now which is the intel c.e.o. has sold his shares in november a seventeen or so as many shares as he could then came out today saying this is all perfectly normal while knowing about the security flaw for months and months ok this could turn out to be a real financial scandal or corporate scandal intel shares have already died
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overnight is this news has come out and he knew that of course when are we going to get a fix if they've been working on this for months yeah is it going to take months many more months yeah ok there are two flaws one of them is relatively easy to patch and there are already some fixes available but use a search should just sit tight and patch patch patch patch all that stuff and the other one specter is much harder to execute but also much harder to patch and it basically dissolves the boundaries between programs so even as if one application is designed perfectly and the other problem is and perfectly this bug enables the program to read out each other staton steal secrets basically this has not been patched so far people working on it i expect the first patches to be out in in a couple of days three or four days so it's basically not even enough just to change a password is not at all know this is a fundamental hardware design flaw it's not a software flaw it's so hardware buck so the design of the chips and these chips
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they go as far back as one thousand nine hundred five intell chips but also a n d even though they were denying it at first but andy's also affect that basically every modern ship set in every device and every computer and every cloud storage tablet smartphone can hear fact that by cloud services such as the big ones google apple microsoft they have already patched and uploaded suffer patches to this service if if you know patch what should people do that they should wait for patches and apart from that. there the problem or the problem with the panic about it is there isn't really a threat business model yet so people don't have to really go to through the trouble of checking someone independently yet there is a look at thank you very much the nation very interesting indeed. oil prices are trading at a three year high due to concerns that iran's oil supply could be limited by the
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unrest there analysts say iranian output of over two million barrels a day is not presently under threat that the political protests are adding to one certainty in the market the up to comes as oil cartel opec extends production caps in an effort to tighten the market. and let's bring in an advice by financial correspondent in frankfurt on this and how much it is iran playing in this price development for oil at the moment. well of course it does play a role because as one analyst is putting it geopolitical risk was almost absent during the whole course of last year and it's back on the agenda analysts are saying nobody knows how the situation in iran will unfold but one thing is clear that iran is the third biggest opec oil producer so it plays a role in the oil market and in case the production. process could be whole to
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disturb that would increase prices of course but there are also other reasons why the oil price actually on the rise and it's a the underlying trend that the modest really growing very well because of the economic recovery worried wife that's some sort of an untold story but this is the driving force as well and then of course if you look at the cold weather in the united states this is also concern toy to the oil market as people are saying that refineries could actually be hit ok well where they can always clear up but here's another story that's quite interesting which could actually see the oil price it in the other direction norway a court there clearing the way for a controversial arctic drilling project all the allowance of giving out licenses for those projects how could that affect things. well actually probably receive
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a lot more of these projects now coming through again because with the high oil price many of these fields which previously were not very attractive to explore because it's very costly to explore some of them make sense now once again the oil prices high at at the same time we might actually get more say production out of the united states because that also only makes sense from a certain level on verse where we talk about the oil price within a level of currently sixty eight dollars that is making sense and some had trends are even saying that the price rise could continue well into two thousand and eighteen ok interesting it's a tricky game when it comes to profitability in that sector advice but thank you very much. well it was the costliest year in history for the insurance industry claims from natural disasters in twenty seventeen zero expected to cost one hundred thirty five billion u.s. dollars that's almost double the previous year and you've got to take this into
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consideration as well less than half of last year's losses were actually insured so the damage is a total loss as well why hyatt. there were fires and floods and an earthquake in mexico but the hurricanes were the gut punch at least for insurers harvey irma and maria three hurricanes to hit the atlantic coast of the americas last year combined for a quarter of a trillion dollars it insured and uninsured losses three insurance giant munich re says last year's storms are resulting in the highest insurance payout in the history of the three hurricanes it was harvey that caused the most the massive floods that inundated the city of houston accounted for much of its eighty five billion dollars damage toll the devastating wildfires in california resulted in high claims because so many of the suburban houses destroyed were insured to the hilt yet the majority of losses from global disasters last year were to insured in
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asia pacific for example fewer than one out of ten losses were covered and those figures don't include lost lives more than twenty seven hundred people died in floods in south asia but that is aster was less destructive to infrastructure in the u.s. hurricanes. climate change is being blamed for the increasing number of severe storms first up this year the massive snowstorm currently blanketing the u.s. northeast then another active hurricane season is on the horizon insurers are gearing themselves up for more massive payouts. i recapping our top stories the discovery of a major flooring computer chips as security experts trying to find a global fix and surge to a three year high i don't business with you. he
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called out of africa. to move the price of a beauty more intensity of feeling old donkey trade his role in. the recent chinese beauty products extract from their hide and move more needs to be done to
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stop this world and say from arms to the ground on their back out of ego at africa next on d w a. crime fighter the new season of radio crime thrillers begins. for investigative cases that will keep you on your toes. right frighten stories of the best idea ever so every young person needs to listen to crime fighter and share tell a friend tell a friend to face. crime fighters don't miss it what do you think what do you. get for fifty cents. or fifty is that. a lot of enthusiasm not clear which today is skewed big stinking cup bills and all the lobster did you know it cost fifty cents to feed month hungry child full bloom for
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