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Canada’s Suncor CEO sees electric vehicles disrupting oil demand as much as coronavirus

TORONTO (Reuters) – The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc’s (SU.TO) chief executive said on Monday.

FILE PHOTO: Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo

The comments are a stark prediction in an industry that frequently downplays the impact of electrification and points to forecasts of rising global oil demand to justify new investment and pipeline expansions.

Canada is the world’s fourth-largest oil producer and the sector accounts for 10.6% of the country’s gross domestic product.

“While Canadian oil and gas will remain a significant part of the global energy mix for some time, we have to take advantage of new opportunities that offer attractive growth prospects,” Suncor CEO Mark Little said in an opinion article for Canada’s Corporate Knights magazine.

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Google sees resurgence in state-backed hacking, phishing related to COVID-19

FILE PHOTO: A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration

(Reuters) – Security experts at Alphabet Inc’s Google sent 1,755 warnings in April to users whose accounts were targets of government-backed attackers, following a resurgence in hacking and phishing attempts related to the coronavirus outbreak.

Google said on Wednesday its Threat Analysis Group saw new activity from “hack-for-hire” firms, many based in India, that have been creating Gmail accounts spoofing the World Health Organization (WHO).

These accounts largely targeted business leaders in financial services, consulting and healthcare corporations in numerous countries including the United States, Slovenia, Canada, India, Bahrain, Cyprus and UK, the company said in a blog post. (bit.ly/2M2k9UA)

Google said it continued to see attacks from hackers on medical and healthcare professionals, including WHO employees.

WHO and other organizations,

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Brazil telecoms watchdog admits delay in 5G auction, sees broadband usage up

SAO PAULO (Reuters) – Social distancing measures to curb the coronavirus pandemic are boosting broadband usage by up to 50% in Brazil, but may end up delaying the country’s fifth-generation mobile network (5G) auction, the head of the country’s telecoms watchdog said on Friday.

FILE PHOTO: SIM cards and 3d printed objects representing 5G are put on a motherboard in this picture illustration taken April 24, 2020. REUTERS/Dado Ruvic /Illustration

“The pandemic certainly has an impact on the auction schedule and also in the 5G supply chain in the short-term,” Leonardo Euler de Morais, Anatel’s president, said in a webcast held by local think tank Aliança Conecta Brasil F4.

“In the long run, however, the pandemic fuels 5G deployment and fiber expansion by testing the importance of digital solutions,” Morais added.

The comments on 5G marked a slight shift in Anatel’s view since early April, when the regulator insisted on

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Lenovo profit beats estimates, sees growth as more people work from home

FILE PHOTO: An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing, China November 15, 2019. REUTERS/Jason Lee

HONG KONG (Reuters) – Lenovo Group, the world’s biggest maker of personal computers, reported a deep slump in fourth-quarter profit due to disruptions caused by the coronavirus crisis, although the result was far better than expectations.

Lenovo Chairman Yang Yuanqing told Reuters production was back on track and he expects to see year-on-year revenue growth this quarter for its PC and smart devices business and its data centre business as more people work from home permanently.

He told a separate briefing the company estimates that in two to three years the total addressable market for PCs industry-wide may have increased by 25% to 30%.

Net profit tumbled 64% in January-March to $43 million but was ahead of a Refinitiv consensus estimate of $7.5 million. Revenue slid 9.7% to

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