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JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers is asking state-owned power utility Eskom to increase wages by up to 3,500 rand and hike the housing allowance by an additional 3,000 rand, the union said on Friday. The union also said it was pushing for a one-year agreement rather than a multi-year deal.
By Joseph Menn WASHINGTON (Reuters) - The proliferation of hacking tools known as zero-day exploits is raising concerns at the highest levels in Washington, even as U.S. agencies and defense contractors have become the biggest buyers of such products. White House cybersecurity policy coordinator Michael Daniel said the trend was "very worrisome to us." Asked if U.S. government buying in the offensive market was adding to the problem, Daniel said more study was needed. "There is a lot more work to be done in that space to look at the economic questions... ...
By Joseph Menn WASHINGTON (Reuters) - Even as the U.S. government confronts rival powers over widespread Internet espionage, it has become the biggest buyer in a burgeoning gray market where hackers and security firms sell tools for breaking into computers. The strategy is spurring concern in the technology industry and intelligence community that Washington is in effect encouraging hacking and failing to disclose to software companies and customers the vulnerabilities exploited by the purchased hacks. That's because U.S. ...
DHAKA (Reuters) - A woman was rescued on Friday after spending 17 days trapped under the rubble of a Bangladesh factory building that collapsed on April 24, killing more than 1,000 people, police and military officials said. Bangladeshi television channels broadcast live footage of emergency service workers pulling the woman from the collapsed building, as onlookers burst into cheers. The woman, identified by Bangladeshi media only as Reshma, was shown being carried on a stretcher and loaded into an ambulance as a rescue worker applied an oxygen mask to her face. ...
By Pascal Fletcher JOHANNESBURG (Reuters) - After years of headlines about Africa's poverty, its emerging middle class is now grabbing attention as a driver of growth and democracy and an expanding pool of consumers for market-hungry retailers. Consumer demand is a motor of Africa's economic and investment surge, and analysts see middle class buyers with swelling disposable income as fuelling this boom from South Africa to Nigeria and Kenya. ...
By Nishant Kumar and Elzio Barreto HONG KONG (Reuters) - As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property. They are driven by the search for yield as surprisingly benign inflation dims the appeal of bullion, but it's a risky play given lofty valuations for real estate. The trend is most visible in the frenzy around real estate investment trusts (REITs) in Asia, where issuance ex-Japan more than quadrupled to $4. ...