E-commerce

Global mobile app market to reach $6.3 trillion by 2021

A journalist takes a picture of China's mobile company Xiaomi's new model Mi Max at its launching ceremony in Beijing, May 10, 2016. - Photo: Reuters

A new study by analyst firm App Annie suggests the global mobile app economy was worth $1.3 trillion last year and is poised to skyrocket to $6.3 trillion by 2021 as users spend more money on apps, in-app purchases, and mobile commerce.

Cyber attack hits oil giant and banks in Russia and Ukraine

Russia's top oil producer Rosneft said a large-scale cyber attack hit its servers on June 27 and computer systems at some banks and the main airport in neighbouring Ukraine were also disrupted.
   
A Moscow-based cyber security firm, Group-IB, said it appeared to be a coordinated attack simultaneously targeting victims in Russia and Ukraine.
   

Turkish online credit card payments surge in May

The total value of online credit card payments in Turkey rose by 46 percent annually to 8.5 billion Turkish Liras (around $2.4 billion) in May, the country's Interbank Card Center (BKM) announced on June 20.        

Online payments accounted for 15 percent of total card payments in May, the BKM noted.        

Saudi Arabia: 15 years of jail for offenders who wear FC Barcelona shirt

FC Barcelona, Qatar Airways. (Photo: Getty)

Barcelona fans in Saudi Arabia could be punished with up to 15 years in prison for wearing their team's colours. Barca shirts sporting the Qatar Airways sponsorship logo are said to have been outlawed amid tensions in the Persian Gulf region over alleged links between extremist groups and Qatar.

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