The boss of Marks and Spencer told shoppers on Friday that the retailer was working “day and night” to fully restore its operations and “get things back to normal as quickly as possible” following a cyber attack that started a fortnight ago and has wiped more than £600mn off its value. This is the second … Read more
Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Investors didn’t react well to RWS Holdings’ first-half trading update last week. The Aim-traded language services specialist, which translates documents such as patents or trademark filings, issued a profit warning that sent its battered shares down … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity group CVC is taking a minority stake in Istanbul-based Dream Games in a deal that values the maker of hit mobile app Royal Match at close to $5bn. The deal, which was announced … Read more
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Funny you should ask. As part of this column’s constant efforts to improve our service (save money) and because the author quite fancied a long bank holiday weekend, this week’s column is being brought … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. TikTok has been handed a €530mn fine for sending users’ data to China, in a ruling the social media group said would have negative ramifications for “any company in Europe with global operations”. Ireland’s Data … Read more
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more
Video games have introduced us to some of the greatest AI villains ever conceived. In System Shock there was Shodan — imagine Kubrick’s HAL 9000 with a god complex — a space station computer which loses its moral directives and begins conducting horrific experiments on humans. Portal introduced the sarcastic AI GLaDOS, who gloats and taunts the player while … Read more
When Barclays experienced a three-day outage earlier this year, due to a mainframe failure, millions of UK customers were unable to access even the most basic banking services. The disruption not only damaged the bank’s reputation but also left it facing a compensation bill of as much as £7.5mn. Incidents like this are becoming alarmingly … Read more
When Hurricane Francine slammed into Kee Kee Julien-Judson’s southern Louisiana home in September, the real estate agent was already financially underwater from the damage caused by Ida, the tropical storm that hit three years earlier. The day after Ida had hit, with water still streaming into her house, she had driven several miles to get … Read more
