European stock markets turn red, CrowdStrike stock plunges after global computer systems and servers malfunction

By 10:30 Moscow time, the German DAX index fell by 0.84% ​​to 18,247 points, the British FTSE 100 index fell by 0.68% to 8,140.85 points, and the French CAC 40 index fell by 0.71% to 7,532.1 points.

CrowdStrike shares fell regarding 12% in pre-market trading, amid the global tech paralysis.

Global airlines have suspended flights and banks have seen disruptions in their activities due to a technical glitch that has hit computer systems around the world, threatening huge financial losses.

A technical glitch has paralyzed telecom companies, banks, airlines and media outlets in the United States, Germany, Australia and other countries. The technical problem is linked to the cybersecurity company CrowdStrike, which affected Microsoft laptops.

CrowdStrike said it was aware of outages on Windows devices related to Falcon Sensor, which the company claims prevents attacks on systems. Microsoft said it had restored most of its cloud services following they were down.

The London Stock Exchange joined the vital institutions that announced the technical failure, and Govia Thameslink Railway, the largest railway operator in the United Kingdom, also announced technical problems and warned of possible cancellation of trips.

Source: RT

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2024-07-19 21:05:56

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