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Co-op says cyber-attack cost it £206m in lost sales
The Co-op has said the cyber-attack it suffered earlier this year cost it at least £206m in lost revenues. The retailer’s IT networks were infiltrated by hackers in April, resulted in payment problems, widespread shortages of goods in shops, and the loss of customer data. Co-op chair Debbie White said the “malicious” attack had caused…
EU reaches South America trade deal after 25 years of talks
The EU has reached a free trade agreement with Brazil, Argentina, Paraguay and Uruguay, 25 years after talks began and despite opposition from farmers in several European countries. The deal with the Mercosur trading bloc will require the approval of the European parliament within the next few months Brazil’s President Luiz Inacio Lula da Silva…
Trump touts upbeat message on cost of living as Americans feel the pinch
Danielle Kayeand Natalie Sherman Watch: Trump claims “prices are coming down” at a rally in Pennsylvania President Donald Trump has told a campaign-style rally that consumer prices are falling “tremendously”, as he seeks to allay voter anxiety about the cost of living in the US. In a speech at a casino in the battleground state…
Honey, I shrunk the data centres: Is small the new big?
Zoe KleinmanTechnology editor AFP via Getty Images Large numbers of vast data centres continue to be build around the world One day the mighty data centre could be toppled into obsolescence by the humble smartphone, said Perplexity CEO Aravind Srinivas on a recent podcast. Speaking to host Prakhar Gupta, the AI chief argued that people…
