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Companies urged to secure Microsoft tool after Stryker cyberattack
The Cybersecurity and Infrastructure Security Agency (CISA) has urged companies to strengthen the security of Microsoft’s endpoint management tool, ?after a March 11 cyberattack on medical device maker Stryker’s computer systems that caused widespread disruption to its business. ?The company said it had experienced a global ?disruption to its Microsoft environment.
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Middle East conflict to intensify European corporate distress
The war in the Middle East and surging energy costs are set to exacerbate soaring levels of financial distress among European companies, according to Alvarez & Marsal. “The escalating conflict in the Middle East is likely acting as a multiplier for the distress we are already tracking across the European landscape,” said Chris Johnston, a…
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Apple cuts China App Store fees amid regulatory pressure
Apple has reduced the commission it charges app developers in China, lowering its standard App Store fee from 30% to 25%, while cutting the rate for small developers and mini-app creators from 15% to 12%. The move follows discussions with Chinese regulators and aims to ease tensions with major tech firms such as Tencent and…
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Trump to invoke emergency law for California oil producer Sable
President Donald Trump plans to invoke Cold War-era emergency powers for ?Sable Offshore as it looks to restart ?production from a cluster of offshore platforms off the southern Californian coast. Trump is preparing ?to summon authorities under the Defense Production ?Act to preempt state laws and ease permitting ?for the California oil producer. The planned…
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Geopolitical risk analysis demand surges amid U.S.-Iran tensions
Reuters reports on a ?growing industry of ex-military and national security advisors who are helping Wall Street firms identify imminent military action. Around 6 p.m. ET on the day before U.S.-Israeli air strikes killed Iran’s Supreme Leader on Saturday February 28, for example, geopolitical risk consultancy WestExec Advisors advised clients that there was a 65%…
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Iran hits Amazon data centers in jolt to Gulf AI drive
Drone strikes targeting Amazon Web Services (AWS) data centers in the UAE and Bahrain have highlighted the vulnerability of major cloud infrastructure in the Middle East. AWS has confirmed that two UAE sites were hit, disrupting regional services including banking apps. Analysts believe this marks the first military attack on major “hyperscaler” cloud providers, raising…
