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Business Loans UK – Flexible Business Finance, new business loan.#New #business #loan


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We believe that by taking some time to listen and understand what businesses are about, we can provide financing tailored to suit all types of businesses, and we will choose to lend to many of them.

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How to Start a New Business Loan With Bad Credit, new business loans.#New #business

How to Start a New Business Loan With Bad Credit

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With bad credit, you may need to go outside traditional lending companies for a loan for your business.

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Related Articles

  • 1 [Business Loan] | How to Get a Business Loan With No Credit
  • 2 [Small Business Loan] | How to Get a Small Business Loan With Bad Credit No Collateral
  • 3 [Woman Get Start] | How Can a Woman Get Start Up Funds for a Business When She Has Bad Credit?
  • 4 [Farm Loan] | How to Get a Farm Loan to Produce Chickens

When you want to start a new business and you have bad credit, you have fewer options for borrowing startup capital.

When you need to borrow money to start a new business and your credit’s bad, you have two strikes against you: bad credit and a new business without a track record. Traditional lenders don’t like lending to startups, but with the rise of internet lending and other possibilities the internet provides, you can probably get a loan anyway, although not necessarily at the interest rate you’d prefer.

First Steps to Take

Before you apply for a loan, there are some preliminary steps you need to take:

  • Pencil out your financial needs. This first step doesn’t have to be detailed or complex, but it’s a map you’re going to need. Include not only how much money you need initially but also how much you’ll need later – almost every business has a negative cash flow after starting up.

These first steps can be daunting, but they are critical to success in obtaining a loan.

Traditional Lenders

Bankers don’t like bad credit and they seem to hate new businesses. Nevertheless, some community bankers may be willing to listen. If nothing else, you’re practicing your pitch.

Credit unions are another traditional lending source. If you don’t belong to a credit union, perhaps your spouse, a close friend or family member does and would be willing to sign or co-sign for the loan. Which brings you to another important lending source: friends and family.

Friends and Family

If you have bad credit because you spend more than you earn or are generally careless about paying bills and making credit card payments, you can’t expect friends or family members to go out on a limb for you. However, if special circumstances generated a low credit score – a difficult divorce, for example – and you have a reputation for following through when you make important life decisions, your friends and family may be willing to lend you the money or at least some of the money you need. One way of accomplishing this is to ask them to co-sign on your loan. The co-signer is ultimately responsible, but you’ll make all loan payments directly to the lender, and all the payment reminders come to you first.

Internet Lenders

The internet opened up a lot of business opportunities with one of them being internet lending. Internet lenders tend to accept more risk than banks and put you through fewer hoops when you apply for a loan. Two of the largest are Prosper and Lending Club. The book “Peer Finance 101” lists 20 more. With bad credit, you can probably get a loan, but it will come with a higher-than-average interest rate.

Crowd Funding

Crowd funding is an amazing internet success story. If you have a killer idea and no money to execute it, crowd funding may be your answer. In essence, you use the internet to pitch hundreds and sometimes thousands of people to motivate them to lend or donate the money you need to execute your idea. The largest crowd funding organization is IndieGoGo, which has raised more than $1 billion for budding entrepreneurs. The IndieGoGo website has a short pamphlet that explains how crowd funding works.

Besides IndieGoGo, there are many more crowd funding organizations, some of which specialize in lending in specific areas: real estate, socially responsibility, women and minorities, artists and others. To see the opportunities available, do an internet search for “crowd funding organizations” or “crowd funding [your special interest].”


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Three Popular Start-Up Financing Options, The U, new small business loans.#New #small #business #loans


Three Popular Start-Up Financing Options

Thinking about starting a business? Recent studies and reports have shown that entrepreneurs are more optimistic than in recent years when it comes to the state of their businesses this year, and that’s great news! But always high on the list of concerns for starting a business – even in optimistic times – is financing. Here’s a roundup of some ways, aside from avenues such as SBA-backed loans, to finance your business.

According to expert Marco Carbajo, credit cards are a major source of financing for small business owners, with statistics even showing that more than 65% of small businesses using them on a frequent basis. It’s a popular approach, but you should be sure to do your research to determine if it’s the right one for you. Here are some tips from Entrepreneur.com to help:

  • Unless your business is incorporated – so if yours is a sole proprietorship, for instance – you are guarantor of all debts. So if your sales are slow and you fall behind on payments, you risk your personal credit rating and ability to borrow.
  • It varies by state, but your credit-card issuer might still require that shareholders with significant ownership guarantee the line of credit – even if your business is incorporated.
  • Potentially bringing on partners? Make sure your agreement states that they’ll accept personal guarantees on all existing business debt. You need to address this specifically because in many states, new partners aren’t automatically responsible for previous debts.
  • Read the fine print. Don’t accept an offer without checking into the details, understanding the terms of use and evaluating risks. Don’t hesitate to ask a professional for guidance.

Asking friends and family to borrow funds to help finance your business sounds like it could get awkward, but it doesn’t have to. Treat the process just as professionally as you would an engagement with a bank. If you done right, you can potentially gain quicker access to the cash you need and jump through fewer hoops – after all, your friends or family already know you. Read more about borrowing from friends and family in our article here, but think about these highlights as you consider this option:

  • Think carefully about who you’ll approach and make sure they understand the risks (and rewards) of getting involved. Keep in mind if your business doesn’t work out and you can’t repay your obligations, relationships could suffer.
  • Be realistic about how much money you need. Instead of asking for the maximum, consider what you need to get you to a certain point in your business plan. Once you show you can repay that initial investment, you’ll be in a better position to ask for more money if you need it.
  • Write it down. You might think a verbal agreement with your friend or relative is sufficient given the personal relationship, but this is business. Consider this advice from Entrepreneur.com: “Any time you take money into a business, the law is very explicit: You must have all agreements written down and documented. If you don’t, emotional and legal difficulties could result that end up in court. And if the loan isn’t documented, you may find yourself with no legal recourse.”
  • Communicate. Show your business progress and share updates along the way, even if it’s correcting mistakes you’ve made with your business strategy. Checking in and sharing information shows that you’re taking seriously the role others are playing in your venture and demonstrates professionalism.

Increasingly, crowdfunding is becoming a popular way for people to get startup financing for their businesses. You’ve probably heard of Kickstarter campaigns – that’s crowdfunding. It works through a collective cooperation of people who network and pool their money and resources together, usually online, to support efforts initiated by others. So it gathers multiple, smaller investments as opposed to a single source of funding. You can read more about the details here, but here are three other key considerations from Entrepreneur.com:

  • You should begin working on your crowdfunding campaign six months before you want to launch your project. When your campaign starts, you should’ve already made a significant effort in letting people know about it collecting email addresses so you can really hit the ground running when you open the gates for your campaign.
  • Set your funding goal as low as you can manage because some crowdfunding platforms, like Kickstarter, are “all or nothing.” For instance, if you set a goal of $1,000 and you meet it, then you get the money. If you raise only $500, you won’t get anything. Read the fine print about the platform you choose so you can be strategic about your funding request.
  • Don’t forget to award your donors. You’re asking people to take a risk on your business venture – there are no guarantees. So thank them and show your appreciation by offering your product or service at a discount when the time comes.

You can also learn more from our online Learning Center course, “Introduction to Crowdfunding for Entrepreneurs.”

Beyond a “traditional” track of securing a loan from a bank, there are quite a few avenues to consider for financing your business. And with passion, professionalism and planning, you’ll establish a good foundation for success down any of these paths.

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Veterans Day Marked by Cold Parades and Somber Ceremonies 5:04 PM ET

3-Year-Old Shoots and Kills 1-Year-Old Sister, Police Say 4:45 PM ET

Former FIFA President Sepp Blatter Calls Hope Solo Allegation Ridiculous 3:33 PM ET

Veterans Can Bring a New Kind of Politics to Heal a Divided America 3:01 PM ET

9 People Contract Legionnaire s Disease After Visiting Disneyland 2:40 PM ET

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Viral Request for Nice Celebrity Stories Prompts Heartwarming Carrie Fisher Memory

Here s the Sneaky Way Taylor Swift Could Have Winked at Katy Perry With Reputation

I Love Every Song : Celebrities React to Taylor Swift s New Album Reputation

Eminem and Beyonce Just Surprised Us With New Song Walk on Water

Taylor Swift s Song Dress Is Giving the Internet a New Dress to Freak Out Over

Taylor Swift Just Confirmed the Key Identity of a V.I.P. Featured in Her Song

Taylor Swift Just Released Her Long-Awaited Album Reputation. Here s How You Can Listen

A New Google Doodle Celebrates the Life of Lebanese Singer Sabah

The Boys of Stranger Things Are the Motown Cover Band You Needed

Hershey Has a Weird New Candy Bar and People Can’t Figure Out How to Eat It

A Major Country Star Busked Outside the Country Music Awards in Protest and People Loved It

Donald Trump Didn t Notice When Shinzo Abe Took a Tumble on the Golf Course

Jon Stewart and Stephen Colbert Can t Stop Spitting on Each for a Good Reason

You Can Now Feed Your Friends to Dart From Stranger Things

The Viral Legend Who Cracked KFC s Hilarious Code Just Got the Most Glorious Reward

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Roy Moore once again denied the allegations in a Washington Post report that he had pursued relationships with teenage girls and initiated sexual contact with a 14-year-old when he was in his thirties

2 Senators Withdraw Endorsement for Roy Moore

‘I Have to See.’ President Trump Deflects Questions About Roy Moore Dropping Out of Race

Roy Moore Says He Doesn’t Remember Dating Teens

Republicans Are Stuck With Roy Moore. What Now?

7 Problems With the GOP’s ‘If True, Roy Moore Should Step Aside’ Stance

Bible Scholars Disagree With the ‘Jesus, Mary and Joseph’ Defense of Roy Moore

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Trump: Putin ‘Absolutely Did Not Meddle’

Trump called the accusation an “artificial barrier” erected by Democrats — once again casting doubt on the U.S. intelligence community’s conclusion that Russia did try to interfere in the election to help Trump win

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States and Cities Defy Trump on Paris Climate Deal

A group of U.S. states, cities, businesses and universities said Saturday they are still committed to curbing global warming even as U.S. President Donald Trump’s administration is walking away from the Paris climate accord

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Writer Accuses Richard Dreyfuss of Exposing Himself

A Los Angeles-based writer says actor Richard Dreyfuss made lewd comments to her over the course of several years and exposed himself when she was summoned to his movie set trailer

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Church Shooter’s Ex-Wife: He ‘Had a Lot of Demons’

An ex-wife of Devin Kelley, who authorities have identified as the gunman responsible for the mass shooting at a church in Sutherland Springs, Texas, earlier this month, described his alleged abuse

Sepp Blatter Calls Hope Solo Allegation ‘Ridiculous’

Chiefs’ Roy Miller Arrested on Battery Charge

Rebel Wilson Says She Escaped ‘Hotel Encounter’

Air Traffic Controller Arrested on Weapons Charges

9 Get Legionnaire’s Disease After Visiting Disneyland

Marine Instructor Gets Prison for Tormenting Recruits

2 Senators Withdraw Endorsement for Roy Moore

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Veterans Day Marked by Parades and Ceremonies

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The President of France Is at Home in the World

Gold Star Father Khizr Khan Talks About His Love for America and Family

The Troubling Link Between Domestic Violence and Mass Shooters

Corruption Crackdowns Can Bring Political Advantages

Nothing Is Sacred. Religious Leaders Take Action on Attacks in Houses of Worship

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Boy shot by deputy called 911, gave description of himself

MADISON, Wis. (AP) — An eighth-grade boy who was fatally shot by a sheriff’s deputy in northern Wisconsin called 911 to report a man with a

Brothers accused of pointing AK-47 at teens

ALBUQUERQUE, N.M. (KRQE) – Two brothers are behind bars tonight after a group of teens said the two tried to rob them at gunpoint. Three 15-

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Brothers accused of pointing AK-47 at teens

ALBUQUERQUE, N.M. (KRQE) – Two brothers are behind bars tonight after a group of teens said the two tried to rob them at gunpoint. Three 15-

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Audit of UNM Athletics Program shows shocking use of school funds

A state audit describes UNM s Athletic Department as a place where public employees were spending your money with no regard for it.

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Complaint sparks review after UNM paid for employee s tuition at USC

UNM paid for an employee to get an education somewhere else, letting one of its highest-paid employees get a degree from the University of S

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List ranks Rio Rancho as 17th friendliest city in US

Celebration welcomes Sandhill Cranes back to Rio Grande Valley

Early voting ends in Albuquerque s mayoral runoff election

San Juan County honors Navajo Code Talkers with monument

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Veterans Day 2017: List of Deals for Veterans

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State Audit Report on UNM Athletics

Judgement and Sentence for Sheriff Raymond Gutierrez

Bernalillo County Treasurer s Office Offers Tax Help Workshops

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Veterans Day 2017: List of free and discounted meals for America s heroes

Veterans Day is Saturday, Nov. 11, and many local businesses and organizations are showing their appreciation for those who’ve sacrificed so

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Investigation underway for woman missing from Holloman Air Force Base

An investigation is underway after an airwoman went missing from Holloman Air Force Base.

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Veterans Day 2017: List of Events Around New Mexico

Veterans Day is Saturday, November 11. The following is a list of events that are happing throughout the state for Veterans Day.

Editorials from around Oregon

Selected editorials from Oregon newspapers: _____ The Eugene Register-Guard, Nov. 1, on protecting rural land Efforts by two Creswell brothe

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Community rallying together to help little boy with cancer

Nearly 200 people in the small town of Las Vegas came together last night, rallying behind a little boy with acute lymphoblast leukemia.

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Local restaurants give back to veterans

Restaurants around the metro gave back to those who have given so much.

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Deputy injured in crash near Durango

An on-duty police officer was injured in a crash south of Durango.


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  • A Start-Up Slump Is a Drag on the Economy, new businesses.#New #businesses


    A Start-Up Slump Is a Drag on the Economy. Big Business May Be to Blame.

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    Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?

    Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding of what’s behind it.

    A total of 414,000 businesses were formed in 2015, the latest year surveyed, the Census Bureau reported Wednesday. It was a slight increase from the previous year, but well below the 558,000 companies given birth in 2006, the year before the recession set in.

    “We’re still in a start-up funk,” said Robert Litan, an economist and antitrust lawyer who has studied the issue. “Obviously the recession had a lot to do with it, but then you’re left with the conundrum: Why hasn’t there been any recovery?”

    Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers — or else to swallow them before they become a serious threat.

    “You’ve got rising market power,” said Marshall Steinbaum, an economist at the Roosevelt Institute, a liberal think tank. “In general, that makes it hard for new businesses to compete with incumbents. Market power is the story that explains everything.”

    That argument comes at a potent political moment. Populists on both the left and right have responded to growing public unease about the corporate giants that increasingly dominate their online and offline lives. Polling data from Gallup and other organizations shows a long-running decline in confidence in banks and other big businesses — a concern not likely to abate after high-profile data breaches at Equifax and other companies.

    The start-up slump has far-reaching implications. Small businesses in general are often cited as an exemplar of economic dynamism. But it is start-ups — and particularly the small subset of companies that grow quickly — that are key drivers of job creation and innovation, and have historically been a ladder into the middle class for less-educated workers and immigrants.

    Perhaps most significant, start-ups play a critical role in making the economy as a whole more productive, as they invent new products and approaches, forcing existing businesses to compete or fall by the wayside.

    “Across the decades, young companies are really the heavy hitters and the consistent hitters in terms of job creation,” said Arnobio Morelix, an economist at the Kauffman Foundation, a nonprofit in Kansas City, Mo., that studies and promotes entrepreneurship.

    The start-up decline might defy expectations in the age of Uber and “Shark Tank.” But however counterintuitive, the trend is backed by multiple data sources and numerous economic studies.

    New businesses

    In 1980, according to the Census Bureau data, roughly one in eight companies had been founded in the past year; by 2015, that ratio had fallen to fewer than one in 12. The downward trend cuts across regions and industries and, at least since 2000, includes even the beating heart of American entrepreneurship, high tech.

    Although the overall slump dates back more than 30 years, economists are most concerned about a more recent trend. In the 1980s and 1990s, the entrepreneurial slowdown was concentrated in sectors such as retail, where corner stores and regional brands were being subsumed by national chains. That trend, though often painful for local communities, wasn’t necessarily a drag on productivity more generally.

    Since about 2000, however, the slowdown has spread to parts of the economy more often associated with high-growth entrepreneurship, including the technology sector. That decline has coincided with a period of weak productivity growth in the United States as a whole, a trend that has in turn been implicated in the patterns of fitful wage gains and sluggish economic growth since the recession. Recent research has suggested that the decline in entrepreneurship, and in other measures of business dynamism, is one cause of the prolonged stagnation in productivity.


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    New computer virus spreads from Ukraine to disrupt world business, Reuters, new businesses.#New #businesses


    New computer virus spreads from Ukraine to disrupt world business

    FRANKFURT/MOSCOW/KIEV (Reuters) – A new cyber virus spread from Ukraine to wreak havoc around the globe on Wednesday, crippling thousands of computers, disrupting ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.

    The virus is believed to have first taken hold on Tuesday in Ukraine where it silently infected computers after users downloaded a popular tax accounting package or visited a local news site, national police and international cyber experts said.

    More than a day after it first struck, companies around the world were still wrestling with the fallout while cyber security experts scrambled to find a way to stem the spread.

    Danish shipping giant A.P. Moller-Maersk ( MAERSKb.CO ) said it was struggling to process orders and shift cargoes, congesting some of the 76 ports around the world run by its APM Terminals subsidiary.

    U.S. delivery firm FedEx Corp ( FDX.N ) said its TNT Express division had been significantly affected by the virus, which also wormed its way into South America, affecting ports in Argentina operated by China s Cofco.

    The malicious code locked machines and demanded victims post a ransom worth $300 in bitcoins or lose their data entirely, similar to the extortion tactic used in the global WannaCry ransomware attack in May.

    More than 30 victims paid up but security experts are questioning whether extortion was the goal, given the relatively small sum demanded, or whether the hackers were driven by destructive motives rather than financial gain.

    Hackers asked victims to notify them by email when ransoms had been paid but German email provider Posteo quickly shut down the address, a German government cyber security official said.

    Ukraine, the epicenter of the cyber strike, has repeatedly accused Russia of orchestrating attacks on its computer systems and critical power infrastructure since its powerful neighbor annexed the Black Sea peninsula of Crimea in 2014.

    The Kremlin, which has consistently rejected the accusations, said on Wednesday it had no information about the origin of the global cyber attack, which also struck Russian companies such as oil giant Rosneft ( ROSN.MM ) and a steelmaker.

    No one can effectively combat cyber threats on their own, and, unfortunately, unfounded blanket accusations will not solve this problem, said Kremlin spokesman Dmitry Peskov.

    ESET, a Slovakian company that sells products to shield computers from viruses, said 80 percent of the infections detected among its global customer base were in Ukraine, with Italy second hardest hit with about 10 percent.

    ETERNAL BLUE

    The aim of the latest attack appeared to be disruption rather than ransom, said Brian Lord, former deputy director of intelligence and cyber operations at Britain s GCHQ and now managing director at private security firm PGI Cyber.

    My sense is this starts to look like a state operating through a proxy . as a kind of experiment to see what happens, Lord told Reuters on Wednesday.

    While the malware seemed to be a variant of past campaigns, derived from code known as Eternal Blue believed to have been developed by the U.S. National Security Agency (NSA), experts said it was not as virulent as May s WannaCry attack.

    Security researchers said Tuesday s virus could leap from computer to computer once unleashed within an organization but, unlike WannaCry, it could not randomly trawl the internet for its next victims, limiting its scope to infect.

    Bushiness that installed Microsoft s ( MSFT.O ) latest security patches from earlier this year and turned off Windows file-sharing features appeared to be largely unaffected.

    There was speculation, however, among some experts that once the new virus had infected one computer it could spread to other machines on the same network, even if those devices had received a security update.

    After WannaCry, governments, security firms and industrial groups advised businesses and consumers to make sure all their computers were updated with Microsoft ( MSFT.O ) security patches.

    Austria s government-backed Computer Emergency Response Team (CERT) said a small number of international firms appeared to be affected, with tens of thousands of computers taken down.

    Security firms including Microsoft, Cisco s ( CSCO.O ) Talos and Symantec ( SYMC.O ) said they had confirmed some of the initial infections occurred when malware was transmitted to users of a Ukrainian tax software program called MEDoc.

    The supplier of the software, M.E.Doc denied in a post on Facebook that its software was to blame, though Microsoft reiterated its suspicions afterwards.

    Microsoft now has evidence that a few active infections of the ransomware initially started from the legitimate MEDoc updater process, it said in a technical blog post.

    Russian security firm Kaspersky said a Ukrainian news site for the city of Bakhumut was also hacked and used to distribute the ransomware to visitors, encrypting data on their machines.

    CORPORATE CHAOS

    A number of the international firms hit have operations in Ukraine, and the virus is believed to have spread within global corporate networks after gaining traction within the country.

    Shipping giant A.P. Moller-Maersk ( MAERSKb.CO ), which handles one in seven containers shipped worldwide, has a logistics unit in Ukraine.

    Other large firms affected, such as French construction materials company Saint Gobain ( SGOB.PA ) and Mondelez International Inc ( MDLZ.O ), which owns chocolate brand Cadbury, also have operations in the country.

    Maersk was one of the first global firms to be taken down by the cyber attack and its operations at major ports such as Mumbai in India, Rotterdam in the Netherlands and Los Angeles on the U.S. west coast were disrupted.

    Other companies to succumb included BNP Paribas Real Estate ( BNPP.PA ), a part of the French bank that provides property and investment management services.

    The international cyber attack hit our non-bank subsidiary, Real Estate. The necessary measures have been taken to rapidly contain the attack, the bank said on Wednesday.

    Production at the Cadbury factory on the Australian island state of Tasmania ground to a halt late on Tuesday after computer systems went down.

    Russia s Rosneft, one of the world s biggest crude producers by volume, said on Tuesday its systems had suffered serious consequences but oil production had not been affected because it switched to backup systems.

    Additional reporting by Helen Reid in London, Teis Jensen in Copenhagen, Maya Nikolaeva in Paris, Shadia Naralla in Vienna, Marcin Goettig in Warsaw, Byron Kaye in Sydney, John O’Donnell in Frankfurt, Ari Rabinovitch in Tel Aviv and Noor Zainab Hussain in Bangalore; writing by Eric Auchard and David Clarke; editing by David Clarke


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