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INTERPOL World 2017 to Showcase the Latest Innovations for Future Security Challenges

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SINGAPORE, 8 June 2017 – The stage is set for INTERPOL World 2017 as it readies to welcome over 10,000 law enforcement agencies, government bodies, academia, solution providers, security professionals, and buyers from around the globe.

In its second edition this year, INTERPOL World, comprising the INTERPOL World Congress and Exhibition, promises an immersive experience covering the latest innovations, best practices, and thought leadership aimed at accelerating timely and accurate responses to future global security challenges.

Experiencing the technology – facial recognition at INTERPOL World 2017 Congress

Delegates will get to experience the latest access control and identity management technologies. NEC Corporation’s facial recognition technology, NeoFace®, together with Zoom Tech’s ZOOMGATE, will be deployed at the entrance to the INTERPOL World Congress.

When integrated, the technologies allow for swift and accurate authentication for a seamless and secure entry into the Congress. Delegates’ facial images will be captured and matched against the pre-enrolled face images in the database right at the entrance gate, as part of NEC Corporation’s Two-Factor Authentication (2FA).

“NeoFace®, the world’s most accurate and fastest face recognition software1, will provide an immersive experience for delegates at the INTERPOL World 2017 Congress, demonstrating the potential of biometric technologies in security and access control,” Mr Tan Boon Chin, Managing Director of Global Safety Division, NEC Corporation said.

“ZOOMGATE’s integrable firmware presents state-of-the-art seamless identification and controlled operations enhanced access control, which can greatly improve not just building security but also large-scale events such as INTERPOL WORLD 2017,” Mr Andy Liang, Zoom Tech Pte Ltd.

An amalgamation of innovations from around the world

INTERPOL World 2017 Exhibition will feature the latest array of solutions for public safety, identity management, biometrics, forensics, investigations and cybercrime.

Identity theft incidents are escalating, raising interests in more secure authentication technologies that utilise unique human characteristics for credentials. Sierra Solutions will be showcasing EyeLock Nano NXT, an iris-based biometric technology that authenticates people in-motion and at-a-distance with unparalleled accuracy.

Another constant challenge for law enforcement is in securing and managing borders. SICPA’s EXTENS® SmartStamp is a machine-readable travel stamp that combines material and digital technologies to contain both static and dynamic data about travellers and their trips, thus allowing border control authorities to immediately access previously unattainable data.

The use of robots in law enforcement is also gaining traction and the worldwide market for law enforcement robots is estimated to reach USD 5.7 billion by 2022, an increase from USD 1 billion in 2015. Oneberry’s RoboGuard™  is  an  innovative  security  deterrent  that  combines  intelligent surveillance cameras equipped with video analytics and alarm triggers, with robust hardware to support proactive remote monitoring.

In  all,  over  200  companies  from  30  countries  and regions  will  be  showcasing  solutions  at  the Exhibition, underlining INTERPOL World’s position as the platform to foster innovation for future security challenges.

Participants can explore mutually beneficial collaborations and broaden their networks through a value-added business matching service, which allows them to pre-schedule meetings to maximize their time at the event.

Technology insights and know-how at the INTERPOL World Theatres

Complementing the products and solutions showcased on the exhibition floor, the INTERPOL World Theatres is a carefully curated programme featuring seminar and workshop sessions that lend practical technical insights to address current and emerging security issues. Solution providers and subject experts will share the latest industry trends and exclusive case studies to help professionals keep up to date with the rapidly evolving industry.

Two theatres will feature sessions on mobile biometrics, AI, machine learning, IoT botnets, audit CCTV,  data  centre  security,  digital  forensics  and  more; led by  subject  experts  such  as  Arbor Networks, Cellebrite, Cross Border Research Association (CBRA), Data Centre Dynamics, EC-Council Group, Microsoft  Corporation,  Oracle, SecureAge Technology, Sierra  Solutions  and TNO, among others.
The full programme is available online at www.interpol-world.com/interpol-world-theatres.

Cybersecurity was initially the sole concern of CISOs and CIOs but CEOs and board members have now taken a vested interest and responsibility in their organisations’ security. Recognising the need to impart knowledge to the boards and C-suite executives, KPMG and IEEE will be running a half-day workshop across two days (5-6 July) to educate them on cybersecurity. ECU and IEEE will also be conducting a session on Forensics Computing on 6 July while CCTP will put together a session on threat mitigation and predictive profiling.

INTERPOL World – the global hub for collaboration, exchange and networking

INTERPOL World 2017 will host eight national groups from France, Israel, Italy, Japan, Korea (Rep. of), Singapore, Switzerland, and the United States as well as delegation groups from  Australia, Bhutan, France, India, Indonesia, Malaysia, Nigeria and the Philippines, among others, signifying a strong global interest in the shared conversation to combat future crime.

Lending expertise in shaping the Congress agenda, S. Rajaratnam School of International Studies (RSIS), together with INTERPOL, has curated a programme discussing key issues in today’s security landscape. Broad-stroke macro dialogues, are supplemented with case studies and operational perspectives by solution providers to shape a robust, all-rounded programme for delegates. The Congress will address pressing concerns via three dedicated tracks – Cybercrime (4 July), Safe Cities (5 July) and Identity Management (6 July).

INTERPOL  World  2017  is  owned  by  INTERPOL  and  supported  by  Singapore’s Ministry  of  Home Affairs, the World Economic Forum (WEF), Singapore Exhibition & Convention Bureau, ASEANAPOL, Europol and Gulf Cooperation Council Police (GCCPOL), as well as leading trade organizations such as Asian Professional Security Association, Association of Information Security Professionals, the International Association for Counter terrorism and Security Professionals (IACSP), International Aviation Security Association (IASA), and the International Organization for Migration (IOM), among others.

INTERPOL World 2017 Congress will be held from 4 to 6 July, alongside the INTERPOL World Exhibition, which will take place from 5 to 7 July.

For more information, please visit www.interpol- world.com.

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Oil extends losses as Texas prepares to ramp up output

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Oil extends losses as Texas prepares to ramp up output 1

By Ahmad Ghaddar

LONDON (Reuters) – Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.

Brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel, by 1150 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.

Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, according to analysts.

Texas refiners halted about a fifth of the nation’s oil processing amid power outages and severe cold.

However, firms in the region on Friday were expected to prepare for production restarts as electric power and water services slowly resume, sources said.

“The market was ripe for a correction and signs of the power and overall energy situation starting to normalise in Texas provided the necessary trigger,” said Vandana Hari, energy analyst at Vanda Insights.

Oil fell despite a surprise fall in U.S. crude stockpiles in the week to Feb. 12, before the freeze. Inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday. [EIA/S]

The United States on Thursday said it was ready to talk to Iran about both nations returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons.

While the thawing relations could raise the prospect of reversing sanctions imposed by the previous U.S. administration, analysts did not expect Iranian oil sanctions to be lifted anytime soon.

“This breakthrough increases the probability that we may see Iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal,” StoneX analyst Kevin Solomon said.

(Additional reporting by Roslan Khasawneh in Singapore and Sonali Paul in Melbourne; editing by Jason Neely)

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Analysis: Carmakers wake up to new pecking order as chip crunch intensifies

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Analysis: Carmakers wake up to new pecking order as chip crunch intensifies 2

By Douglas Busvine and Christoph Steitz

BERLIN (Reuters) – The semiconductor crunch that has battered the auto sector leaves carmakers with a stark choice: pay up, stock up or risk getting stuck on the sidelines as chipmakers focus on more lucrative business elsewhere.

Car manufacturers including Volkswagen, Ford and General Motors have cut output as the chip market was swept clean by makers of consumer electronics such as smartphones – the chip industry’s preferred customers because they buy more advanced, higher-margin chips.

The semiconductor shortage – over $800 worth of silicon is packed into a modern electric vehicle – has exposed the disconnect between an auto industry spoilt by decades of just-in-time deliveries and an electronics industry supply chain it can no longer bend to its will.

“The car sector has been used to the fact that the whole supply chain is centred around cars,” said McKinsey partner Ondrej Burkacky. “What has been overlooked is that semiconductor makers actually do have an alternative.”

Automakers are responding to the shortage by lobbying governments to subsidize the construction of more chip-making capacity.

In Germany, Volkswagen has pointed the finger at suppliers, saying it gave them timely warning last April – when much global car production was idled due to the coronavirus pandemic – that it expected demand to recover strongly in the second half of the year.

That complaint by the world’s No.2 volume carmaker cuts little ice with chipmakers, who say the auto industry is both quick to cancel orders in a slump and to demand investment in new production in a recovery.

“Last year we had to furlough staff and bear the cost of carrying idle capacity,” said a source at one European semiconductor maker, who spoke on condition of anonymity.

“If the carmakers are asking us to invest in new capacity, can they please tell us who will pay for that idle capacity in the next downturn?”

LOW-TECH CUSTOMER

The auto industry spends around $40 billion a year on chips – about a tenth of the global market. By comparison, Apple spends more on chips just to make its iPhones, Mirabaud tech analyst Neil Campling reckons.

Moreover, the chips used in cars tend to be basic products such as micro controllers made under contract at older foundries – hardly the leading-edge production technology in which chipmakers would be willing to invest.

“The suppliers are saying: ‘If we continue to produce this stuff there is nowhere else for it to go. Sony isn’t going to use it for a Playstation 5 or Apple for its next iPhone’,” said Asif Anwar at Strategy Analytics.

Chipmakers were surprised by the panicked reaction of the German car industry, which persuaded Economy Minister Peter Altmaier to write a letter in January to his counterpart in Taiwan to ask its semiconductor makers to supply more chips.

No extra supplies were forthcoming, with one German industry source joking that the Americans stood a better chance of getting more chips from Taiwan because they could at least park an aircraft carrier off the coast – referring to the ability of the United States to project power in Asia.

Closer to home, a source at another European chipmaker expressed disbelief at the poor understanding at one carmaker of how it operates.

“We got a call from one auto maker that was desperate for supply. They said: Why don’t you run a night shift to increase production?” this person said.

“What they didn’t understand is that we have been running a night shift since the beginning.”

NO QUICK FIX

While Infineon, the leading supplier of chips to the global auto industry, and Robert Bosch, the top ‘Tier 1’ parts supplier, both plan to commission new chip plants this year, there is little chance of supply shortages easing soon.

Specialist chipmakers like Infineon outsource some production of automotive chips to contract manufacturers led by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), but the Asian foundries are currently prioritising high-end electronics makers as they come up against capacity constraints.

Over the longer term, the relationship between chip makers and the car industry will become closer as electric vehicles are more widely adopted and features such as assisted and autonomous driving develop, requiring more advanced chips.

But, in the short term, there is no quick fix for the lack of chip supply: IHS Markit estimates that the time it takes to deliver a microcontroller has doubled to 26 weeks and shortages will only bottom out in March.

That puts the production of 1 million light vehicles at risk in the first quarter, says IHS Markit. European chip industry executives and analysts agree that supply will not catch up with demand until later in the year.

Chip shortages are having a “snowball effect” as auto makers idle some capacity to prioritize building profitable models, said Anwar at Strategy Analytics, who forecasts a drop in car production in Europe and North America of 5%-10% in 2021.

The head of Franco-Italian chipmaker STMicroelectronics, Jean-Marc Chery, forecasts capacity constraints will affect carmakers until mid-year.

“Up to the end of the second quarter, the industry will have to manage at the lean inventory level,” Chery told a recent Goldman Sachs conference.

(Douglas Busvine from Berlin and Christoph Steitz from Frankfurt; Additional reporting by Mathieu Rosemain and Gilles Gillaume in Paris; Editing by Susan Fenton)

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Aussie and sterling hit multi-year highs on recovery bets

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Aussie and sterling hit multi-year highs on recovery bets 3

By Tommy Wilkes

LONDON (Reuters) – The Australian dollar rose to near a three-year high and the British pound scaled $1.40 for the first time since 2018 on optimism about economic rebounds in the two countries and after the U.S. dollar was knocked by disappointing jobs data.

The U.S. currency had been rising in recent days as a jump in Treasury yields on the back of the so-called reflation trade drew investors. But an unexpected increase in U.S. weekly jobless claims soured the economic outlook and sent the dollar lower overnight.

On Friday it traded down 0.3% against a basket of currencies, with the dollar index at 90.309.

The Aussie rose 0.8% to $0.784, its highest since March 2018. The currency, which is closely linked to commodity prices and the outlook for global growth, has been helped by a recent rally in commodity prices.

The New Zealand dollar also gained, and was not far off a more than two-year high, while the Canadian dollar rose too.

Sterling rose to $1.4009 on Friday, an almost three-year high amid Britain’s aggressive vaccination programme.

Given the size of Britain’s vital services sector, analysts say the faster it can reopen the economy, the better for the currency. Sterling was also helped by better-than-expected purchasing managers index flash survey data for February.

The U.S. dollar has been weighed down by a string of soft labour data, even as other indicators have shown resilience, and as President Joe Biden’s pandemic relief efforts take shape, including a proposed $1.9 trillion spending package.

Despite the recent rise in U.S. yields, many analysts think they won’t climb too much higher, limiting the benefit for the dollar.

“Our view remains that the Fed will hold the line and remain very cautious about tapering asset purchases. We think it will keep communicating that tightening is very far off, which should dampen pro-dollar sentiment,” said UBS Global Wealth Management strategist Gaétan Peroux and analyst Tilmann Kolb.

ING analysts said “the rise in rates will be self-regulating, meaning the dollar need not correct too much higher”.

They see the greenback index trading down to the 90.10 to 91.05 range.

U.S. dollar

Aussie and sterling hit multi-year highs on recovery bets 4

The euro rose 0.4% to $1.2134. The single currency showed little reaction to purchasing manager index data, which showed a slowdown in business activity in February. However, factories had their busiest month in three years, buoying sentiment.

The dollar bought 105.39 yen, down 0.3% and a continued retreat from the five-month high of 106.225 reached Wednesday.

(Editing by Hugh Lawson and Pravin Char)

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