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Sony hack attack completely covered by insurance, says CEO

Sony Pictures Entertainment Chief Executive Michael Lynton said on Thursday the costs from the devastating cyberattack on the Hollywood studio will be completely covered by insurance.

FP Archives|Jan 09, 2015, 07:25:47 IST

Sony Pictures Entertainment Chief Executive Michael Lynton said on Thursday the costs from the devastating cyberattack on the Hollywood studio will be completely covered by insurance and will not lead to further cost-cutting.[caption id="attachment_2001241" align="alignleft" width="380"] Sony logo is seen in this file photo. Reuters[/caption]"I would say the cost is far less than anything anybody is imagining and certainly shouldn't be anything that is disruptive to our budget," Lynton told Reuters in an interview, seven weeks after the hacking attack that the U.S. government has blamed on North Korea.Reuters

US set to announce new tariff plan as temporary 10% duty nears expiry

The White House said a tariff announcement will be made later on Thursday, with the Trump administration preparing fresh duties on around 60 economies, including India, China and the European Union.

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India rejects Pakistan's 'baseless' claims at Asean, says Indus Waters Treaty to remain on hold

India accused Pakistan of misusing the Asean Regional Forum to spread false narratives, reiterating that the Indus Waters Treaty will remain suspended until Islamabad credibly and irrevocably ends cross-border terrorism.

1 min read

Indian trucker arrested in US over alleged theft of $3 million worth of tungsten powder

A 39-year-old Indian national living illegally in the US has been arrested in California after authorities alleged he stole a truck carrying nearly $3 million worth of hazardous tungsten powder.

1 min read

Austria turns Hitler’s birthplace into a police station 81 years after his death: 5 things to know

Austrian authorities inaugurated a police station at the birthplace of Adolf Hitler after years of debate around the site’s troubled legacy.

3 min read

Nawaz Sharif wants to become prime minister of PoK — but laws framed by Pakistan disqualify him

Former Pakistani Prime Minister Nawaz Sharif has said that he would ask his brother, Prime Minister Shehbaz Sharif, to appoint him as the Prime Minister of Pakistan-occupied Jammu and Kashmir (POJK). But the Constitution bars him from making such a move.