Apple sent threat notices to iPhone users in 92 countries on Wednesday, warning them that they could be targeted by mercenary spyware attacks. The company sent alerts to individuals in 92 countries at 12 noon PT on Wednesday. It did not reveal the identities of the attackers or the countries where users received notifications. “Apple has discovered that you have been targeted by a mercenary spyware attack that is attempting to remotely compromise the iPhone associated with your Apple ID -xxx-,” it wrote in the warning to affected customers. “It is likely that this attack will target you specifically because…
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Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Smith & Nephew shareholders have been urged to vote against an “excessive” pay rise of almost 30 per cent for the head of the US-based FTSE 100 industrials group, the latest salvo in the battle by the London-listed global companies to increase executive pay. . Under Smith & Nephew's proposals, Texas-based CEO Deepak Nath would receive up to $11.79 million next year if all targets are met, a 28.9 percent increase from the current maximum of $9.15 million. The increase is part…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.A US hedge fund is seeking to undo a high-profile deal between Frontline, controlled by shipping tycoon John Frederiksen, and one of Belgium's oldest shipping dynasties.Under an agreement announced last year, Frontline purchased oil tankers worth $2.35 billion from crude oil shipping group Euronav, in exchange for selling a stake in the company to Company Maritime Billing. This deal was intended to be a solution to the impasse between the two companies over control of Euronav.But New York-based activist FourWorld turned to…
They May Contain Lies: How Stories, Statistics and Studies Exploit Our Biases – and What We Can Do About It, by Alex Edmans“In today’s post-truth world, it is more important than ever to separate myth from reality.” So begins this guide to critical thinking by academic and economist Alex Edmans.The book, Edman's third, provides a road map for how to separate these myths from the real thing and arrive at a better understanding of the world, relying on academic research methods. Edmans, a professor of finance at London Business School, is well placed to share what professional thinkers can teach…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.The $674 billion U.S. prime institutional money market funds sector is expected to shrink by at least a third this year, with large investment firms shutting down such vehicles rather than paying for upgrades needed to meet new regulations.Money managers, including Federated Hermes, Capital Group and Vanguard, say they plan to close major institutional money market funds with more than $220 billion in assets or convert them to another type of fund before SEC rules take effect in early October. This imposes…
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Islamic societies ended the holy month of Ramadan on Wednesday and celebrated Eid al-Fitr.Ramadan is the month in the Islamic lunar calendar in which Muslims fast from sunrise to sunset, focusing on worship, charity, and good deeds.The Islamic Society of West Valley celebrated Eid al-Fitr, which means feast, festival or breakfast, at Pierce College in Woodland Hills. (Brian van der Brug / Los Angeles Times) Women gather on the field to celebrate Eid for the Islamic Society of West Valley in Woodland Hills. (Brian van der Brug / Los Angeles Times) Faithful gather to celebrate Eid for the Islamic Society…
Des Moines — A bill signed by Gov. Kim Reynolds on Wednesday makes it a state crime for anyone to be in Iowa if they have previously been denied admission to or deported from the United States. The law, which takes effect July 1, has heightened anxiety in Iowa's immigrant communities and raised questions among legal experts and law enforcement about how it will be implemented. It reflects a portion of Texas law that is currently blocked in court.In Iowa and across the country, Republican leaders have accused President Biden of neglecting his responsibilities to enforce federal immigration law, prompting…
Stock futures fell as Wall Street looked ahead to the second major inflation report.Linked futures contracts Dow Jones Industrial Average It fell by 90 points, or about 0.2%. S&P 500 futures It also lost 0.2%. Nasdaq-100 futures Decreased by 0.2%.Stocks reached sell-off mode on Wednesday as investors took stock of March's hot inflation reading that fueled concerns that the Federal Reserve may implement smaller interest rate cuts than expected. Minutes from the Fed's meeting last month also showed that some officials remain concerned about inflation's path toward the central bank's 2% target.The surprise result – in which consumer prices rose…