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Finance

The latest published reporting in this category.

Crypto

PNC Bank Insider Accused of Stealing $86,107 From the Lender and Spending It on Gambling

A PNC Bank supervisor has been accused of stealing more than $86,000 from her employer and spending it on gambling. Jacqueline Clinton, 48, of Wilkinsburg, Pennsylvania, allegedly misused her position as Bank Reconcilements Operations Supervisor at PNC Bank to make false credit adjustments and direct the money to her personal account, the Allegheny County District […] The post PNC Bank Insider Accused of Stealing $86,107 From the Lender and Spending It on Gambling appeared first on The Daily Hodl.

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Finance

The folly of just-in-time supply chains | Letters

Hannah Walker says systems designed to minimise expenditure in the name of efficiency can end up less capable of fulfilling their actual purpose The article by Steven Strogatz and Alex Townsend on the dangers of excessive optimisation identifies a problem extending far beyond mathematics and artificial intelligence (The efficiency trap: why optimising everything can backfire, badly, 8 November). The widespread adoption of just-in-time supply chains illustrates it perfectly. By eliminating inventories and spare capacity, businesses reduced costs and improved efficiency, but frequently transferr

The Guardian
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International

Microsoft outage: company scrambles to fix global issue that took down Outlook and Teams

Tech firm says it is ‘deeply sorry’ for disruption that took services down and has now addressed the underlying issue What caused the outage and when will it be fixed? Microsoft outage hits UK hospitals, GPs, schools and police Tell us: have you been affected by the outage? Microsoft has said it is “deeply sorry” for a widespread outage that caused disruption to millions of users, organisations and businesses across the globe – and that it has “addressed the underlying issue”. The company said the outage was a “technical issue” not related to cyber-attacks or AI agents, and that it continued t

The Guardian
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International

A global Microsoft 365 outage has hit millions – what happened and when will it be fixed?

Problem affects businesses, government agencies and even tech firm’s own employees Microsoft scrambles to fix global outage affecting Teams and Outlook Microsoft outage – live updates Tell us: have you been affected by the Microsoft outage? Millions of people were unable to access their emails, Teams chats or meetings on Thursday night and Friday after a Microsoft 365 outage brought down services across the globe. The outage has lasted for more than 21 hours, with meaningful signs of recovery visible beginning shortly before midday GMT on Friday. It affected businesses, government agencies and

The Guardian
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Finance

Jaguar Land Rover reports £451m quarterly loss after cutting 4,000 jobs

JLR chief executive calls for EU and Britain to join forces amid competition from Chinese electric carmakers Jaguar Land Rover has reported a £451m quarterly loss as it counts the cost of cutting 4,000 jobs, while its chief executive has called for the EU and Britain to work together in the face of competition from China. Britain’s largest automotive employer reported revenues rising to £5.9bn between July and September, but it recorded £530m in costs from the job cuts announced near the end of that period amid tough trading conditions. Continue reading...

The Guardian
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Finance

UK-EU deal will ‘dissolve’ £60m a year of costs for plant trade, says Angela Eagle

Signing of agreement to smooth movement of food, plants and animals next week will not recoup huge sums firms were forced to spend The removal of border checks and paperwork on plant imports will “dissolve” £60m of annual costs for the horticulture industry when the UK and EU’s new post-Brexit deal comes in, the environment secretary has said. Before the UK-EU summit on 20 November, Angela Eagle said she hoped paperwork headaches for importers would “disappear” after the changes, although the move would not help businesses recoup the large sums they spent to deal with border controls. Continue

The Guardian
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International

Global oil supply returns to surplus for first time since start of Iran war, says IEA

Supplies outstripped demand by almost 2m barrels a day in October as market shows ‘tentative signs of rebalancing’ The world’s oil supply is swinging back to a surplus for the first time since the start of the US-Israeli war against Iran, the International Energy Agency (IEA) has said. Oil supplies outstripped demand by almost 2m barrels a day in October, the Paris-based agency said, as “Gulf exports recovered much faster than global oil demand”. Continue reading...

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Finance

The datacenter industry is using propaganda to fight opposition | Samuel Woolley, Dean Jackson and Maia Woluchem

Big tech has used misdirection, disinformation and jargon to obscure the harm the facilities can cause to communities “Antifa”. “Commies”. “Chinese bots”. Everyone from tech leaders to the president has called datacenter resistance a “documented psyop” and a “Chinese PR thing”. But why do they make these claims? Our new research finds that the datacenter industry uses propaganda, disinformation, and information control to mold public opinion and undermine community opposition. Continue reading...

The Guardian
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