Marks & Spencer’s April cyberattack will cost the retailer £136 million in total, causing profits to tumble 55.4% year-on-year. The company had to implement manual processes that dramatically reduced operating margins while online sales collapsed.
Amazon is taking Perplexity to court over its Comet AI shopping agents. The lawsuit alleges computer fraud and violations of Amazon’s terms of service. This legal battle could determine the future of agentic AI shopping.
Major private equity players are making a surprising pivot back to China after years of retreat. They’re betting that Beijing’s tech-focused economic plan and rapid AI adoption will deliver strong returns despite geopolitical tensions.
Epic Games and Google have reached a landmark settlement that fundamentally changes Android’s ecosystem. The deal cuts Google Play fees and allows competing app stores to install directly from websites. This represents a major shift from Google’s previous walled garden approach.
In a stunning reversal, Google and Epic Games have submitted a joint proposal to end their legal battle. The deal would allow alternative app stores and payment methods on Android while reducing Play Store fees significantly.
A new report reveals Irish companies are investing more in cybersecurity technology but falling behind on employee training. Budget constraints and staff burnout are creating significant vulnerabilities despite improved defenses.
European stocks are set to open lower as tech valuation concerns spread globally. The DAX and CAC 40 both face declines over 0.5% while Italy’s FTSE MIB drops nearly 0.8%. Today brings key earnings from Novo Nordisk and BMW plus Sweden’s rate decision.
A legal challenge has frozen the UK’s plan to create a unified bond market data stream. The dispute between two fintech companies could delay efforts to make British fixed income markets more competitive and transparent.
Most organizations skip the most critical step in AI adoption: clearly defining the problem they’re solving. Without proper plumbing, even the most advanced models collapse under complexity. Here’s how to escape pilot purgatory for good.
Apple appears to be developing a more affordable Mac priced under $1,000 that uses iPhone-class processors. This would mark a significant shift in Apple’s approach to the budget computer market while maintaining performance standards.
