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July 25, 2024

CrowdStrike outage causes $5.4B loss to Fortune 500 firms

ISTANBUL: The recent global technology outage triggered by cybersecurity firm CrowdStrike caused an estimated loss of $5.4 billion to Fortune 500 companies, according to a report by the insurance firm Parametrix released on Thursday.

The losses cause…

Fitch downgrades Ukraine’s rating to ‘C’

ISTANBUL: Fitch Ratings said Wednesday that it downgraded Ukraine’s long-term foreign currency issuer default rating to ‘C’ from ‘CC.’

The rating agency said the move reflects its view that “the agreement in principle reached on 22 July between the g…