Businesses are prioritising investment in cybersecurity despite the overall IT budget cuts amid the Covid-19 pandemic, according to a Kaspersky report on ‘Investment adjustment: aligning IT budgets with changing security priorities’.

The share of cybersecurity in IT spending has grown from 23 per cent in 2019 to 26 per cent in 2020 for small and medium businesses (SMBs). For enterprises, cybersecurity’s share in spending has increased to 29 per cent in 2020 from 26 per cent last year.

“Cybersecurity remains a priority for investment among businesses. This is despite overall IT budgets decreasing in both segments amid the Covid-19 pandemic, and cybersecurity cuts affecting the most economically hit SMBs,” the report said.

“External conditions and events can influence IT priorities for businesses. As a result of the Covid-19 lockdown, organisations have had to adjust plans to meet changing business needs – from emergency digitalisation to cost optimisation,” it further said.

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MMA fighters often pay huge tolls when engaging in violent brawls in the cage, and that’s something to which Markus Perez aspires.



Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.


© Jose Youngs, MMA Fighting
Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.

Perez had a several UFC fights cancelled over the past few months before booking a middleweight showdown with newcomer Dricus Du Plessis on Saturday night at UFC Fight Island 5 in Abu Dhabi. Dealing with so many frustrations has him eager to fulfill a longtime dream: a bloody war.

“Not that I see (my stand-up) as the best path to victory, but that’s how I want to fight,” Perez said in an interview with MMA Fighting. “I want to brawl, I want to punch him. I’m training for seven months, and now I’m going to grapple and take him down? I wanna fight, I want a brawl. I want to trade punches.”

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  • After announcing job cuts in Europe, Exxon’s CEO, Darren Woods sent a letter to employees Tuesday. 
  • Woods said that Exxon is wrapping up an internal review of the company’s operations — which will likely lead to more job cuts — in the next several months. 
  • He also reassured staff that Exxon’s products will still be needed for decades to come. 
  • Read the full letter here, which Business Insider obtained. 
  • Do you have information about Exxon? Reach out to this reporter at [email protected] or through Signal/text at 1-646-768-1657.
  • For more stories like this, sign up here for our weekly energy newsletter, Power Line.

Exxon is having a bad week within a very tough year.

On Monday, the company announced job cuts in Europe, following previous reports of a voluntary redundancy program in Australia. The same day, the oil giant faced claims that its planned carbon emissions were set to surge, based

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By Allison Lampert

MONTREAL (Reuters) – Honeywell Aerospace <HON.N> on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.

Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year ago.

Yet 80% of business jet operators surveyed in the outlook say their aircraft purchase plans have not been affected by COVID-19, it said.

Corporate planemakers like Canada’s Bombardier Inc <BBDb.TO>, U.S.-based General Dynamics Corp’s <GD.N> Gulfstream Aerospace, and France’s Dassault Aviation SA <AVMD.PA> are closely watching to see if a summer rebound in corporate flights will last and generate demand for new aircraft.

“We are seeing corporate customers expressing interest in growing their fleets so they can fly more

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a store front at day: Wells Fargo Bank branch is seen in New York


© Reuters/JEENAH MOON
Wells Fargo Bank branch is seen in New York


(Reuters) – Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.

The bank resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic.

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Wells Fargo said in July it would launch a broad cost-cutting initiative this year as the bank braces for massive loan losses caused by the pandemic and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal.

“We are at the beginning of a multiyear effort to build a stronger, more efficient company for our customers, employees, communities, and shareholders,” a spokeswoman said via email on Wednesday.

“The work will consist of a broad

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High-income earners will gain two-fifths of the Coalition’s tax cuts in 2020-21, rising to more than four-fifths in 2021-22, according to the Australia Institute.



a person wearing a suit and tie walking down a sidewalk holding an umbrella: Photograph: Mike Bowers/The Guardian


© Provided by The Guardian
Photograph: Mike Bowers/The Guardian

The progressive thinktank’s analysis, released on Wednesday, confirms that middle-income earners get a one-off benefit from the extension of the $1,080 tax offset but are not better off from 2021-22, when the offset is replaced dollar-for-dollar with tax bracket changes.



Josh Frydenberg, Scott Morrison are posing for a picture: Treasurer Josh Frydenberg (left) and prime minister Scott Morrison on Wednesday morning after handing down the federal budget. Modelling has shown the government’s tax cuts will benefit high-income earners over the long term.


© Photograph: Mike Bowers/The Guardian
Treasurer Josh Frydenberg (left) and prime minister Scott Morrison on Wednesday morning after handing down the federal budget. Modelling has shown the government’s tax cuts will benefit high-income earners over the long term.

The government disputes the analysis, arguing that because the low- and middle-income tax offset was set to expire, that middle-income earners are permanently $1,080 better off every year with a double benefit in 2020-21.

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Despite the argument

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Amy Kazmin in New Delhi

India’s capital, New Delhi, is bracing itself for the start of its annual air pollution season, which authorities and public experts fear will exacerbate the impact of the coronavirus pandemic by causing more serious symptoms for those infected with the pathogen.

Coronavirus is circulating widely in Delhi, even though the number of new daily cases fell to less than 2,000 on Sunday, down from a peak of about 4,400 new cases two weeks ago.

However, experts warn that air pollution could have a dire impact on those who become infected with the virus in the months ahead.

Starting in October, India’s northern region is struck by thick smoke from thousands of acres of agricultural fires, set by farmers clearing their land from rice stubble to prepare for sowing their winter crop of wheat.

Such smoke, coupled with industrial emissions, dust and trash burning, contributes to

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Texas-headquartered Oil and Gas company Exxon Mobil Corporation (NYSE: XOM) announced plans on Monday to cut jobs across its affiliates in Europe. The country-specific impact of the layoffs is still uncertain, and the decision would be based entirely on the company’s presence in the local markets and the prevailing market conditions.

In the last six months, Exxon stock has dropped close to 17%, and approximately 52% on a year-to-date basis.

What Happened: Exxon’s plan to reduce staff is driven by cost competitiveness and it estimates up to 1,600 employees across Europe could face the ax by the end of next year. According to the Financial Times, this represents more than one-tenth of its total headcount in the European region.

In an earnings guidance shared last week, the company said it expected to post anywhere between a loss of 68 cents and a profit of 7 cents in the current

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In a video to employees Monday, Southwest CEO Gary Kelly announced that the airline will need to “sacrifice more” by undergoing pay cuts in an effort to avoid layoffs and furloughs through 2021 amid the coronavirus pandemic’s ongoing impact on travel demand.

The announcement comes as the airline industry has been pleading for an extension of the payroll support program allotted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act which Congress passed in March following the expiration of the $25 billion bailout on Oct.1.

Kelly noted that since the act’s  Payroll Support Program (PSP) has expired, that Southwest “simply cannot afford to continue with the conditions required to maintain full pay and employment,” Kelly said.

Applauding his employees, stating they “all have performed magnificently” and called them

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Video: October budget to ‘extend tax offset’ and put ‘cash in Aussie pockets’ (Sky News Australia)

October budget to ‘extend tax offset’ and put ‘cash in Aussie pockets’

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More than 11 million Australians will receive tax cuts, with a permanent cut of $47 a week for high-income earners and a one-off $21 cut for middle-income earners in 2020-21, according to the Coalition’s budget.



a close up of a glass door: Photograph: The AGE/Fairfax Media via Getty Images


© Provided by The Guardian
Photograph: The AGE/Fairfax Media via Getty Images

Under the plan, unveiled on Tuesday, stage two income tax cuts scheduled to begin in 2022 will be brought forward to this financial year and backdated to July to deliver an immediate boost to household budgets.

The largest benefit will be captured by those earning $120,000 and over, but the budget also provides a one-off boost to tax cuts for middle income earners by extending the low and middle income

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