Category: finance
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Fintech Firm Marquis Alerts Businesses Following Ransomware Attack Exposing Customer Data
Texas, USA – Fintech and marketing services provider Marquis has informed U.S. banks and credit unions that it experienced a ransomware attack in August, potentially compromising sensitive customer data. The company disclosed the breach in a filing with Maine’s Attorney General on Tuesday. “Suspicious activity was detected on our network, and subsequent investigation confirmed a
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U.S. Halts Plans to Sanction Chinese Spy Agency to Preserve Trade Truce, FT Reports
Washington, D.C. / Beijing, China – The United States has suspended plans to sanction China’s Ministry of State Security over a large-scale cyber espionage campaign, reportedly to avoid undermining a trade truce reached earlier this year, according to the Financial Times. The cyber campaign, tracked under the codename Salt Typhoon, involved Chinese-linked hackers targeting numerous
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BT Launches UK Sovereign Data Platform to Boost Security for Businesses and Public Sector
London, UK – British telecom giant BT Group has unveiled a new sovereign data platform designed to help public-sector and business customers store and process their data securely within the UK. The launch addresses growing concerns over data sovereignty, cybersecurity, and compliance amid rapid adoption of cloud and artificial intelligence (AI) technologies. Data sovereignty—the principle
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Taiwan Bans China’s Xiaohongshu App for One Year Over Fraud and Security Concerns
Taipei, Taiwan – Taiwan’s Interior Ministry announced on Thursday that it will suspend access to the Chinese social media platform Xiaohongshu, also known in English as Rednote, for one year due to alleged fraud and cybersecurity risks. The move comes after investigations revealed the app’s involvement in over 1,700 reported fraud cases since 2024, resulting
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Russia Warns EU Against Seizing Frozen Assets, Medvedev Says Move Could Be “Casus Belli”
Moscow, Russia – Dmitry Medvedev, deputy chairman of Russia’s Security Council, issued a stark warning to the European Union (EU) on Thursday, suggesting that any attempt to seize Russian assets frozen in Europe could be viewed by Moscow as an act justifying war. “If the crazy European Union does, after all, try to steal Russian
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ECB Confirms Commitment to G7 Exchange Rate Principles Amid Speculation on Japan Currency Intervention
Frankfurt, Germany / Tokyo, Japan – The European Central Bank (ECB) has reiterated its adherence to the G7 communique’s stance on foreign exchange (FX) policy, according to ECB Executive Board member Piero Cipollone. Speaking to the Nikkei newspaper, Cipollone clarified that the ECB would maintain its market-oriented approach to currency valuation and would not accept
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Sainsbury’s Shares Fall as Qatar Investment Authority Reduces Stake
Shares in British supermarket giant Sainsbury’s (SBRY.L) fell 4% on Wednesday after the Qatar Investment Authority (QIA) announced it would sell a significant portion of its holding in the company, ending nearly two decades as the grocer’s largest shareholder. Details of the QIA Stake Reduction The sovereign wealth fund plans to offload up to 83.6
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Schroders Explores Strategic Options for Benchmark Capital, Sources Say
Britain’s Schroders (SDR.L) is reportedly exploring strategic options for its financial planning business, Benchmark Capital, including a potential sale, according to sources familiar with the matter. The move comes as Schroders seeks to expand its wealth management franchise and focus on serving more affluent clients. Schroders’ Strategic Shift Under the leadership of CEO Richard Oldfield,
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Former Pornhub Owner Explores Acquisition of Lukoil Assets, Sources Say
Austrian businessman Bernd Bergmair, the former majority owner of the adult entertainment conglomerate MindGeek, has reportedly expressed interest in acquiring the international assets of sanctioned Russian oil giant Lukoil (LKOH.MM), according to sources familiar with the matter. Context: U.S. Sanctions on Lukoil The U.S. Treasury Department imposed sanctions on Lukoil, Russia’s largest privately-owned oil producer,
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Marvell Shares Surge as Chipmaker Expands AI Ambitions with Celestial AI Acquisition
Shares of Marvell Technology (MRVL.O) soared 9% in premarket trading on Wednesday following the company’s $3.25 billion acquisition of semiconductor startup Celestial AI. The deal underscores Marvell’s aggressive push into next-generation AI infrastructure and signals renewed investor confidence in the chipmaker’s strategic vision. Marvell’s AI Expansion Strategy Marvell is doubling down on AI-focused infrastructure after
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