Marks & Spencer’s April cyberattack will cost the retailer £136 million total, with immediate profits tumbling 55.4% to £184.1 million. The company recorded £101.6 million in charges for the first half and expects another £34 million, though insurance will cover up to £100 million of the costs.
Nintendo’s latest earnings report reveals the Switch 2 has sold over 10 million units in just four months since launch. The console is already approaching the Wii U’s lifetime sales figures while the original Switch inches closer to becoming the best-selling console ever.
IBM is planning to cut thousands of jobs in Q4 2025, representing a “low single-digit percentage” of its 270,000-strong workforce. The restructuring aims to refocus the company on its software segment and capitalize on AI and cloud growth opportunities.
Amazon has threatened legal action against AI startup Perplexity over its Comet browser’s ability to let AI agents shop on Amazon. Perplexity calls this “bullying” and an attack on user choice. The dispute highlights growing tensions between big tech platforms and emerging AI tools.
SMS fraud losses are predicted to fall from $80 billion in 2025 to $71 billion in 2026. Improved operator security and declining message volumes are making life harder for scammers. But new threats are emerging through RCS and sophisticated phishing platforms.
Amazon has filed a lawsuit against Perplexity AI to stop its Comet agents from making purchases on Amazon’s platform. The case represents the first major legal battle over AI shopping assistants and could determine how agentic AI interacts with e-commerce sites moving forward.
Norway’s parliament has voted to temporarily suspend ethical divestment rules for its massive sovereign wealth fund. The move allows continued investment in tech giants like Microsoft and Amazon that might otherwise face exclusion over Gaza war links. This marks a significant shift for the world’s l
The CISO role has transformed dramatically since 2008, moving from technical implementation to strategic business partnership. At Mashreq Bank, this means embedding security into business decisions from the start and using innovative funding approaches.
Foxconn Technology Group Chairman Young Liu is pushing for closer Taiwan-Japan collaboration in electric vehicles. He revealed Foxconn has dramatically reduced its China manufacturing footprint while expanding AI integration across operations.
Companies worldwide are scrambling as Trump’s tariffs create unprecedented uncertainty. The auto industry faces billions in costs while pharma giants cut deals for protection. The Supreme Court’s pending ruling could change everything.
