Kremlin-backed Cozy Bear hackers target UK coronavirus vaccine secrets July 16, 2020 Kremlin-linked cyber criminals have been allegedly hacking universities and organisations developing coronavirus vaccines in an attempt to steal sensitive information, according to the UK’s cyber security body. The hacking group known as APT29 – also known as Cozy Bear and The Dukes – has allegedly been trying to steal information across the globe from vaccine [...]
Russians tried to swing UK election with US trade papers used by Corbyn July 16, 2020 Russian actors attempted to interfere in the 2019 UK Election by disseminating a leaked confidential document later released by the Labour party, according to foreign secretary Dominic Raab. Raab released a statement today, confirming it is “almost certain that Russian actors sought to interfere in the 2019 general election through the online amplification” of confidential [...]
BMW inks €2bn battery deal with Sweden’s Northvolt July 16, 2020 Auto giant BMW has signed a €2bn(£1.8bn) deal with Swedish energy firm Northvolt to provide battery cells to power its electric vehicles. The Scandinavian company, which was founded by two former Tesla executives, will make the cells using only renewable energy at a new facility in the north of Sweden. In a statement, BMW said [...]
European Central Bank holds interest rates as it eyes recovery July 16, 2020 The European Central Bank (ECB) has left interest rates on hold at record lows and kept its huge bond-buying programme at its current size as it waits to see whether a Eurozone economic recovery takes hold. The ECB left its key deposit rate at minus 0.5 per cent. It will continue its purchases under the [...]
BoE governor calls on people to return to the office July 16, 2020 The Bank of England governor has said deserted town and city centres will hold back economic recovery. Boris Johnson is preparing to tell the nation on Friday that it is time to return to the office after Andrew Bailey said people’s “fear” of commuting was “holding back the recovery”. The Prime Minister is expected to [...]
FCA hires accountancy firm BDO to help monitor Wirecard July 16, 2020 The Financial Conduct Authority (FCA) has drafted in a team of accountants to aid with its monitoring of Wirecard. The City watchdog has hired BDO to work on its response to the Wirecard crisis, according to Sky News. The FCA reportedly appointed the firm to ensure the now insolvent German firm complies with a series [...]
FTSE 100 slips as US-China tensions continue July 16, 2020 The FTSE 100 continued to fall today as US-China tensions and mixed Chinese economic data outweigh optimism over a coronavirus vaccine. Britain’s main stock index stood 0.4 per cent down at 6,267 points just after midday. The FTSE 250 index of smaller companies slipped further, falling 0.6 per cent. Germany’s Dax fell 0.6 per cent, [...]
‘Calm before the storm’: Rate of redundancies slows but worst is yet to come July 16, 2020 Fewer British employees were made redundant in June but economists warn unemployment is on course to rise. Around 650,000 people lost their jobs between March and June but the pace of decline slowed in June, with the bulk of job losses occurring around the onset of lockdown restrictions. June’s drop of just over 74,000 was [...]
Report into Russian interference in UK politics to be published next week July 16, 2020 A long-awaited report into Russian interference in British politics will be published by Westminster’s Intelligence and Security Committee within the next week. The committee announced this morning that the report would be released before the summer parliamentary recess, which begins next Thursday. It comes just a day after Julian Lewis prompted a mini-coup to win [...]
Twitter employee ‘helped attackers’ perpetrate blue tick account hack July 16, 2020 A Twitter employee was to blame for last night’s high profile hack of the social media, two sources have told Vice. In one of the most devastating data breaches in history, hackers managed to infiltrate Twitter’s most notable blue tick accounts and send scam tweets supporting bitcoin before the social network clamped down on the [...]
