Global Markets: JBS to resume operations after cyber attack

By MarketsFarm

WINNIPEG, June 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– JBS, the world’s largest meat packing company, should be back in operation on Wednesday after a ransomware attack on the company forced it to shut down operations earlier in the week at many facilities. Australian operations had been completely stopped by the cyber attack, while many plants in North America, including the facility in Brooks, Alta. were also affected. “Our systems are coming back online and we are not sparing any resources to fight this threat,” said Andre Nogueira, CEO of JBS USA in a statement.

– Iran’s largest warship caught fire and sank in the Gulf of Oman on Wednesday, according to reports. The cause of the fire was unknown, with tensions between Iran and the United States currently at a heightened level. The 400 sailors on board the Kharg were all rescued, with 20 suffering from injuries.

– Israeli Prime Minister Benjamin Netanyahu is facing a midnight deadline that will likely see the end of his 12 years in power. A coalition is finalizing details before the deadline that could see far-right leader Naftalia Bennett become the country’s new prime mininster. While Bennett’s party only holds six seats in the parliament, it has worked to form a broad coalition of parties across the political spectrum.

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