Pound falls further as borrowing costs rise again

A significant cyber espionage campaign targeting Microsoft server software has compromised around 100 organizations, primarily in the U.S. and Germany. Microsoft reported active attacks on self-hosted SharePoint servers using a previously undisclosed vulnerability, prompting alerts and security updates, while the FBI and UK National Cyber Security Centre are investigating the incidents. Want More Context? 🔎

Despite initial warnings of economic fallout from President Trump's tariffs, the US economy has shown resilience with low inflation and strong employment. However, economists caution that the long-term effects may manifest as uncertainty causes firms to delay decisions, and rising tariffs could ultimately harm growth and reduce global GDP significantly. Want More Context? 🔎

A federal appeals court has ruled that Pedro Hernandez, convicted of kidnapping and murdering Etan Patz in 1979, should either be retried or released due to flawed jury instructions regarding his confessions. The court emphasized that the trial's reliance on these confessions, combined with Hernandez's mental health issues, constituted a manifestly prejudicial error. Want More Context? 🔎

A 148-year-old logistics company, KNP, collapsed after hackers accessed its systems by guessing a weak password, leading to a ransom demand from the gang known as Akira. With an estimated 19,000 UK companies affected by similar cyber attacks, KNP's closure highlights the urgent need for improved cybersecurity measures in businesses facing rising ransomware threats. Want More Context? 🔎

Israeli Prime Minister Benjamin Netanyahu expressed deep regret after an Israeli strike mistakenly hit the Holy Family Church in Gaza, resulting in three deaths and injuries, including the parish priest. The incident, which the IDF is investigating, drew criticism, with Pope Leo XIV urging for a ceasefire as the church served as a sanctuary for those fleeing violence. Want More Context? 🔎

Italy’s Royal Palace of Caserta canceled a concert by Russian conductor Valery Gergiev, a supporter of President Putin, following backlash from politicians and Kremlin critics, including Ukraine. While critics welcomed the decision, Moscow’s ambassador denounced it as a “scandalous situation,” asserting that Italy is succumbing to external pressures against Russian culture. Want More Context? 🔎