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The U.S. Justice Department has confirmed the arrest of Chinese national Xu Zewei, an alleged prolific contract hacker who carried out cyberattacks for China. Xu was arrested in Italy at the request of U.S. prosecutors. Xu and another Chinese national Zhang Yu, who remains at large, are accused in a nine-charge indictment of “hacking and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Reform UK MP has suspended himself from the party over allegations that he received £70,000 of government loans during the coronavirus pandemic. James McMurdock removed the whip from himself, leaving Nigel Farage’s rightwing populist … Read more
Another NEW covid variant is currently rapidly gaining a foothold. Known officially as XFG—or informally as “Stratus”—it has been declared a “variant under monitoring” by the World Health Organization (WHO), and is expected to circulate alongside the now dominant Nimbus variant throughout the northern hemisphere summer. The risk to public health is low, the WHO … Read more
A new Covid variant is being kept under surveillance by the World Health Organization (WHO) as its emergence has led to an increase in infections in several regions of the world. First identified at the end of January, the variant—called NB.1.8.1 but known informally as “Nimbus”—is a descendant of the Omicron family of Covid sublineages, … Read more
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The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings. Starling, which offers fee-free current accounts and … Read more
Between measles and bird flu, there is no shortage of outbreaks to monitor. But experts suggest adding another to your radar: the latest strain of COVID, NB 1.8.1, which is surging in China and has been detected by the U.S. Centers for Disease Control and Prevention’s airport screening program in California, Washington, Virginia, and the … Read more
Brandon Guerrero, of Compton, California, is given both a flu and Covid vaccine at CVS in Huntington Park, California, Aug. 28, 2024. Christina House | Los Angeles Times | Getty Images The Food and Drug Administration on Tuesday outlined new regulatory guidance for future Covid-19 vaccine boosters, setting stricter approval standards for healthy Americans. The … Read more
Moderna’s mRNA-based flu and covid-19 vaccine could provide the best of both worlds—if it’s actually ever approved by the Food and Drug Administration. This week, scientists at Moderna published data from a Phase III trial testing the company’s combination vaccine, codenamed mRNA-1083. Individuals given mRNA-1083 appeared to generate the same or even greater immune response … Read more
President Trump’s tariffs that took affect earlier this month are proving to be almost as disruptive to the U.S. auto industry as the global coronavirus pandemic and the Lehman Brothers bankruptcy. On Monday, auto industry forecaster S&P Global Mobility cut a staggering 700,000 cars and light trucks from its U.S. sales estimate for this year. … Read more
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