CNN — A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. The hackers hit Blue Yonder — an Arizona-based software firm acquired by Panasonic in 2021 — affecting a private cloud computing service the company provides...
Category: Bussiness
Post
Post
Russia ready to wage cyber war on UK, minister to say
Russia is ready to carry out cyber attacks on the United Kingdom and other allies in a bid to weaken support for Ukraine, a senior minister will warn later. Chancellor of the Duchy of Lancaster Pat McFadden is set to tell a Nato meeting that the Kremlin could target British businesses and leave millions without...
Post
Deloitte accelerates UK layoffs with fresh redundancy-round
The UK wing of Deloitte’s global network is said to be set to lay off around 180 employees. Reports in the British press note that the job-losses will come at the expense of the Big Four firm’s strategy, risk and transactions division, and its technology and transformation division. Major consulting firms have struggled to adjust...
Post
Dumbarton Football Club brings in Quantuma for administration
Historic Scottish football club Dumbarton FC has entered administration, amid concerns over its long-term future. Professionals from Quantuma will now assess the viable options available to the club, as it continues to compete in the third tier of Scotland’s football pyramid. Ian Wright, Quantuma managing director and joint administrator, stated, “As administrators, we will be...
Post
United States, China, and United Kingdom Lead the Global AI Ranking According to Stanford HAI’s Global AI Vibrancy Tool
Article content India and the United Arab Emirates round out the top five in global AI leadership rankings STANFORD, Calif. — The Stanford Institute for Human-Centered AI (HAI) AI Index today released its Global AI Vibrancy Tool which allows flexible comparisons of 36 countries based on 42 openly available AI-specific indicators. Comparisons between countries can...
Post
UK Music Returns $9.6B to British Economy – But Global Competition and AI Threat Signal ‘Tipping Point’
LONDON — The United Kingdom’s music industry is at a “tipping point” due to increasing competition from other international markets and the threat posed by unregulated generative Artificial Intelligence (AI), the head of umbrella organization UK Music has warned. In 2023, the music industry contributed £7.6 billion ($9.6 billion) to the country’s economy, up 13%...
Post
UK visa centres in Nigeria to transition to new supplier, introducing new locations in 2025
The UK Visa Application Centres (VAC) in Nigeria will transition to a new supplier in 2025, which may result in changes to the locations where applicants submit and collect their visa applications. Some applicants may need to visit different centres during this transition and will be notified via email with further instructions if their application...
Post
EY selected for Typhoo Tea administration
For more than 120 years, Typhoo Tea has been one of the UK’s most recognisable brands. But amid financial distress – and decline in popularity for its flagship product – administrators from EY have been brought in to seek a rescue deal for the historic company. “This action has been taken to enable us to...
Post
More than 72% of UK SME Owners ‘Believe Business is Becoming More Difficult’
A survey of more than 450 SME owners carried out by The Allica Bank Great British Entrepreneur Awards headline sponsor Allica Bank reveals that despite inflation and interest rates having stabilised in recent months, 72% of SMEs believe running a business has become more difficult over the past 12 months. When it comes to what’s...
Post
British software company Microlise confirms hackers compromised corporate data
Microlise, the Nottingham-based telematics business, confirmed on Monday that hackers compromised corporate data from its headquarters during a cyberattack three weeks ago. The attack on Microlise had knock-on effects on the company’s customers, including leaving British prison vans without functioning tracking systems or panic alarms. In a statement to the London Stock Exchange, Microlise said...
Post
Trump tariffs ‘to deal £20bn blow to British economy’
Thanks for joining me. We begin the day with a warning that tariffs from Donald Trump’s impending administration could deliver a £20bn blow to the UK economy. The CEBR said the president-elect’s plans for 60pc tariffs on Chinese goods and 20pc on the rest of the world, without retaliation, would deliver a 0.9pc blow...
Post
UK man, heir to ₹2,500 crore business empire, under trial for friend’s murder
A court trial has commenced for a 24-year-old British man, heir to a prominent business empire, for allegedly stabbing a childhood friend to death on Christmas eve last year in Cardiff, Wales. Accused Dylan Thomas (BBC) Dylan Thomas, accused of killing William Bush, 23, is the grandson of Sir Gilbert Stanley Thomas, whose empire of...