SoftBank Group shares plummeted 10% on Wednesday, wiping $13.1 billion from Masayoshi Son’s net worth. The drop reflects growing investor skepticism about AI companies meeting sky-high growth expectations after disappointing results from key players.
The UK retailer confirmed the massive financial impact of an April cyber attack that prevented online clothing and furniture sales for nearly two months. M&S believes Russian criminal group Dragon Force was behind the breach that also led to customer data theft.
Microsoft has finally resolved a long-standing Windows bug where selecting “update and shut down” would actually restart your PC. The fix comes alongside other update issues, including confusing new naming schemes and false end-of-support warnings for Windows 10 users.
The UK’s Financial Conduct Authority faces a legal challenge that could delay the launch of a consolidated bond market data tape. Ediphy Analytics alleges procedural flaws in the tender process that awarded the contract to rival Etrading Software. The regulator plans to ask a judge to lift the autom
Sweden’s AI-native startup ecosystem is exploding, with funding skyrocketing from €124 million to over €454 million in just this year. The surge is driven by massive rounds from companies like Lovable and Legora, showing Europe can compete globally in AI.
Apple is reportedly developing a new low-cost Mac priced under $1,000 that uses an iPhone-class chip instead of M-series processors. The move comes as Google removed 749 million URLs linked to Anna’s Archive over copyright claims.
The Kimsuky hacking group has deployed a new backdoor called HTTPTroy that gives attackers full system access. The malware uses sophisticated obfuscation and runs entirely in memory to avoid detection. This continues North Korea’s pattern of targeting South Korean government and business entities.
Bond markets have accelerated dramatically with algorithmic trading, yet electronic volumes remain stuck around 50-60%. The paradox? Speed has actually increased demand for human-brokered block trades exceeding $5 million.
The Rust Foundation is launching a $1.5 million annual fund to support key maintainers following the TARmageddon security vulnerability. This comes after a critical flaw was discovered in the widely-used tar-rs library affecting countless Rust projects.
Reflex Aerospace has closed a record €50 million Series A funding round, the largest in European New Space history. The German company builds sovereign satellite platforms for defense and intelligence applications, with plans to demonstrate full orbital capabilities by 2027.
