Internet connectivity between Europe, the Middle East and Asia is reportedly seriously affected by a series of cable cut.
Jonathan Wright - director of wholesale products at Interoute which manages part of the optical fibre network - told the BBC that the effects of the break would be felt for many days.
"This will grind economies to a halt for a short space of time," he said "If you look at, say, local financial markets who trade with European and US markets, the speed at which they get live data will be compromised."
The cause of the breaks is not known, but seismic activity is expected. The cables could remain out of use for a week or more.
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