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Carillion: Urgent talks on construction firm's future

The future of troubled engineering firm Carillion is being discussed at high-level government meetings this weekend, the BBC understands. The firm is a key government contractor for projects including the HS2 high speed rail scheme, schools and prisons. There are fears it is close to collapse as it struggles with £1.5bn of debt and a pension shortfall of £587m. On Friday, Carillion said it remained in constructive dialogue about short-term financing. Reports that creditors had turned down a potential rescue plan sent the firm’s shares down by more than 28%…

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South Korean firm's 'record' ransom payment

South Korean web-hosting firm Nayana has agreed to pay a $ 1m ransom to unlock computers frozen by hackers. It is believed to be a record amount, although it is worth noting that many ransom payments are never made public. Nayana’s chief executive revealed that the hackers initially asked for $ 4.4m, payable in bitcoin. Security experts warned that firms should not pay such ransoms or enter into negotiations with hackers. Angela Sasse, director of the Institute in the Science of Cyber-Security, said that she was surprised both by the…

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Technology 

Samsung: Is Galaxy S8 the firm's most important phone yet?

The Samsung Galaxy S8 will likely be the South Korean firm’s biggest test yet: a phone that has to live up to the highest expectations and also the toughest scrutiny. Even in normal circumstances, the stakes are high when a phone maker unveils its latest flagship handset. But the past few months have been anything but normal for Samsung. And at the simultaneous release of the S8 in London and New York, the elephant in the room is a big one. This is the launch that follows the Note 7…

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