The United Nations is joining the chorus of those concerned about allegations Saudi Crown Prince Mohammed bin Salman was involved in hacking Jeff Bezos’ phone. UN experts have issued a statement calling for an “immediate investigation” into claims the Crown Prince’s account was used for a WhatsApp hack as well as his reported “continuous, multi-year, direct and personal” role in efforts to target opponents. These allegations are particularly “relevant” in light of looks into the Saudi royal’s role in the murder of Washington Post journalist Jamal Khashoggi, the UN experts said.
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UN calls for investigation into alleged Saudi hacking of Jeff Bezos – Engadget
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The team added that this was evidence of the problems with the unregulated sale and use of spyware for surveillance purposes. These tools should be governed by “the most rigorous control” to prevent abuse, and that there should be a “moratorium” on selling and transferring the technology.
Saudi Arabia has called the WhatsApp hack claim “absurd” and has previously rejected assertions that it has campaigns to hack, intimidate and assassinate critics. It insisted that Khashoggi’s murder was a “rogue operation” despite a CIA investigation implicating the Crown Prince’s involvement.
The UN can’t force a US investigation into the case. However, this does increase pressure on authorities to look into the allegations and treat this as more than just a typical data breach. It also puts Saudi Arabia under closer scrutiny. While the UN isn’t definitively blaming Saudi Arabia, it is acknowledging that the kingdom has a mounting reputation for using digital ‘warfare’ in a bid to silence opposing views.
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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
Companies in this story: (TSX:QSR)
The Canadian Press. All rights reserved.
Business
Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
Companies in this story: (TSX:FTS)
The Canadian Press. All rights reserved.
Business
Thomson Reuters reports Q3 profit down from year ago as revenue rises
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
Companies in this story: (TSX:TRI)
The Canadian Press. All rights reserved.
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