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A billionaire buying bits of BT needn’t ring alarm bells | Nils Pratley

Move for 12% stake by Altice’s Patrick Drahi could be a good thing, though only time will tell A vote of confidence in the company? That’s always a board’s default spin on events when a billionaire buys a large stake, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is …

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World’s biggest meat producer JBS pays $11m cybercrime ransom

Brazil-based company paid ransom in bitcoin after ransomware attack shut down operations across world JBS, the world’s biggest meat processor, has paid an $11m (£7.8m) ransom after a cyber-attack shut down operations, including abattoirs in the US, Australia and Canada. While most of its operations have been restored, the Brazilian-headquartered company said it hoped the …

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Act giving AFP powers to monitor An0m devices did not become law until after FBI operation began

Police say they used ‘appropriate legislative powers’ during Operation Ironside but a lawyer representing people charged says legal concerns remain The Australian federal police have clarified the legal basis for a wide-ranging operation that ensnared hundreds of people using compromised encrypted devices developed by an FBI informant. The An0m devices were released in October 2018 …

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The touch of a button that broke the internet | Brief letters

Cricket privilege | The Queen at Oxford | Nightingale torment | Breaking the internet While it’s good to see the England team wearing anti-discrimination T-shirts (Ollie Robinson Twitter racism storm obscures ECB’s decades of inaction, 9 June), perhaps the England and Wales Cricket Board should be wondering why the whole team is made up of …

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Global banking regulators call for toughest rules for cryptocurrencies

Growth of crypto-assets threatens financial stability and could increase risks faced by banks, they warn Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly. The Basel Committee on Banking Supervision, which consists of regulators …

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When podcasts go sour: can shows like Reply All come back from scandal?

Gimlet’s smash hit podcast returns from an enforced hiatus this week … minus one of its hosts. But its future, and that of other shows blighted by controversy, is now precarious Last summer, Reply All’s reputation was at an all-time high. The long-running internet-themed podcast had recently released an episode about a man with a …

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Rose Callaghan: the 10 funniest things I have ever seen (on the internet)

We asked professional funny people what makes them laugh, and where we can find it online. Here are Rose Callaghan’s tips Hello, I’m comedian and internet aficionado Rose Callaghan. I have ADHD and am what many would consider “underemployed” so obviously spend most of my time on the internet arguing with people on Twitter and …

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Biden withdrawing Trump orders that sought to ban WeChat and TikTok

President also orders new commerce department review of security concerns posed by those apps Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok and ordering a new commerce department review of security concerns posed by those apps, the White House said on Wednesday. The administration …

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El Salvador becomes first country to adopt bitcoin as legal tender

Lawmakers voted in favor of President Nayib Bukele’s proposal despite concern about potential impact on program with the IMF El Salvador has become the first country in the world to adopt bitcoin as legal tender after congress approved President Nayib Bukele’s proposal to embrace the cryptocurrency. Related: Salvadoran woman freed from prison nearly 10 years …

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Fastly says single customer triggered bug behind mass internet outage

Bug was introduced in May and lay dormant until a customer updated their settings, firm says An internet blackout that knocked out some of the world’s biggest websites on Tuesday was ultimately caused by a single customer updating their settings, the infrastructure provider Fastly has revealed. A bug in Fastly’s code introduced in mid-May had …

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