Cyberattack Sends Derivatives Trading Back to the 1980s

Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.

Apple Is Dropping Industrial Design Chief Role in Post-Jony Ive Era

Several of the company’s industrial designers left for LoveFrom, a design and consulting firm founded by Ive and Marc Newson, who formerly did work for Apple. Still, a number of veteran designers have remained at Apple, including Molly Anderson, Duncan Kerr, Bart Andre, Richard Howarth, Peter Russell-Clarke and Ben Shaffer.

ECB Hikes By Half-Point And Vows More Before Reassessing

(Bloomberg) — The European Central Bank lifted interest rates by a half-point and pledged another such move before officials then take stock of where borrowing costs must go to tame inflation. Policymakers, as expected, raised the deposit rate to 2.5%, the highest since 2008. They warned that the most aggressive bout of monetary tightening in … Read more

Trump Sues Journalist Bob Woodward for Releasing Interview Recordings

Trump participated in 19 interviews in-person or by phone with Woodward between December 2019 and August 2020, as well as in 2016 when he was still a candidate, according to the complaint. Woodward’s book, , was published a month after the last interview. In October 2022, Simon & Schuster released the audiobook of the recordings, … Read more

New Twitter Whistleblower Says Privacy Lapses Continued Into Musk Era

Twitter headquarters in San Francisco, California, US, on Tuesday, Nov, 29, 2022. Twitter Inc. said it ended a policy designed to suppress false or misleading information about Covid-19, part of Musk’s polarizing mission to remake the social network as a place for unmoderated speech.

US Sues Google to Break Up Ad Unit in Heated Antitrust Fight

The Mountain View, California-based company is No. 1 in the $626.9 billion global digital ad market, according to 2023 estimates by research firm EMarketer, with the US representing the biggest piece. Alphabet’s ad operations are expected to bring in $73.8 billion in US digital ad revenue in 2023. Most of that, $58.50 billion, comes from … Read more