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Japanese brewing giant Asahi hit by cyber-attack
Japanese brewing giant Asahi has been hit by a cyber-attack that has caused a “systems failure” affecting the company’s shipping and customer service operations. Asahi said there had been no “confirmed leakage of personal information of customer data” and its European operations, including the UK, were not affected. But the company said that its order…
Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK….
Three questions AI needs to answer
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If 2024 was the year of experimentation with generative AI, then last year was one of implementation. Hundreds of thousands of businesses, as well as many hundreds of millions of individual users, applied the technology…
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Ahmed Al Maghribi Perfumes: How a Saudi Fragrance House Is Reframing Arabian Luxury for a Global Audience
Ahmed Al Maghribi Perfumes represents a growing wave of Middle Eastern fragrance houses that are confidently stepping beyond regional borders while remaining deeply anchored in cultural tradition. Rooted in the Gulf’s centuries-old relationship with scent, the brand has positioned itself as a modern interpreter of Arabian perfumery rather than a nostalgic replica of it. In…
Kim Kardashian’s Skims hits $5bn valuation
Osmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
Jaguar Land Rover to restart production on Wednesday after cyber-attack
Carmaker Jaguar Land Rover (JLR) has confirmed that output at some of its manufacturing sites will resume on Wednesday, as it continues to recover from a serious cyber-attack. Its production lines have been at a standstill since the start of September, following the attack. The phased return of staff will begin at some sites in…
