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The Obama administration on Wednesday launched the first-ever sanctions program to financially punish individuals and groups outside the United States that are engaged in malicious cyber attacks. U.S. President Barack, in an executive order, declared such activities a “national emergency” and allowed the U.S. Treasury to freeze the assets and bar other financial transactions of entities engaged in cyber attacks. Under the program, first reported by the Washington Post, cyber attackers or those who conduct commercial espionage in cyberspace can be listed on the official sanctions list of specially designated nationals, a deterrent long-sought by the cyber community. The move, which the paper said has been in development for two years, comes after a string of high-profile cyber attacks ranging from corporate hacks targeting Target, Home Depot and other retailers, to an attack on Sony and other data breaches.

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By Alexei Oreskovic SAN FRANCISCO (Reuters) – About 40 percent of adult Apple iPhone owners in the United States are interested in buying the company's new Apple Watch, according to a new Reuters/Ipsos poll. The high-tech smartwatch, which will range in price from $350 to $17,000 for an 18-karat gold model, is Apple Inc’s first major new product in five years and consumer demand for the device is being closely watched by competitors and investors. Owners of the iPhone are a particularly important market for Apple as it launches the new watch, which goes on sale April 24. Because the watch needs an iPhone to work fully, analysts say the most likely pool of initial buyers will already have an Apple smartphone in their pockets.

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Chinese internet heavyweight Tencent Holdings Ltd apologized on Monday for rewarding WeChat app users who sent a message with the English phrase “civil rights” with a screen full of fluttering U.S. flags. The animation was intended to commemorate Martin Luther King Jr. Day in the United States, and was only meant to be available to WeChat users in that country, wrote Tencent's WeChat team on their official microblog. A technical error allowed users elsewhere to see the U.S. flags on their screen, including in China

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Britain and the United States will increase cooperation on cyber security, Prime Minister David Cameron said, setting up “cyber cells” to share intelligence and conduct simulated attacks to test the defences of organisations such as banks. Cameron is on a two-day visit to Washington focused on the economy and security, and is due to have a second meeting with President Barack Obama on Friday at the White House. The cooperation between Britain's GCHQ eavesdropping agency and the U.S. National Security Agency will include joint war games, with the first exercise later this year to involve the Bank of England and commercial banks in both the City of London and Wall Street, the BBC reported.

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By Edwin Chan, Paul Carsten and John Ruwitch SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China's Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class. Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world's largest Internet retailer is using the calling card of China's consumers to attract U.S. partners, two sources close to the company told Reuters. Long seen as the most potent threat to Amazon.com Inc with $300 billion in global sales, the moves add up to a conservative approach to expanding in the United States, contrary to industry speculation that the company may be plotting a direct assault on U.S. soil.

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By Jack Kim SEOUL (Reuters) – North Korea called U.S. President Barack Obama a “monkey” and blamed Washington on Saturday for Internet outages that it has experienced during a confrontation with the United States over the hacking of the film studio Sony Pictures. The National Defence Commission, the North's ruling body, chaired by state leader Kim Jong Un, said Obama was responsible for Sony's belated decision to release the action comedy “The Interview”, which depicts a plot to assassinate Kim. …