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Brussels reviewing proposal as Mountain View insists it will appeal antitrust ruling

Google has proposed a plan to the European Commission aimed at addressing antitrust concerns following a €2.95 billion fine imposed on the company for its online advertising practices.…

Abstract of a working paper [PDF] published by NBER: This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016. Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and 18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts -- providing a rare macro example to complement the burgeoning micro-literature of social science predictions -- shows that these forecasts were accurate over a 5-year horizon, but they underestimated the impact over a decade.

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AI, cybersecurity, and geopolitical jitters forecast to push market to $1.4T next year

IT spending in Europe will grow 11 percent next year to hit $1.4 trillion amid a desire for cloud sovereignty, according to Gartner.…

Exploring the evolving relationship between human engineers and their algorithmic assistants

Feature Artificial intelligence is rapidly reshaping the way software gets built, tested, and maintained — but not in the simplistic, headline-grabbing sense of "AI replacing developers."…

An anonymous reader quotes a report from Reuters: Singapore's central bank will hold trials to issue tokenized MAS bills next year and bring in laws to regulate stablecoins as it presses forward with plans to build a scalable and secure tokenised financial ecosystem, the bank's top official said on Thursday. "Tokenization has lifted off the ground. But have asset-backed tokens achieved escape velocity? Not yet," said Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS), a keynote address at the Singapore FinTech Festival. He said MAS has been working on the details of its stablecoin regulatory regime and will prepare draft legislation, with the emphasis on "sound reserve backing and redemption reliability." MAS is also supporting trials under the BLOOM initiative, which explores the use of tokenized bank liabilities and regulated stablecoins for settlement, he added. "In the CBDC space, I am pleased to announce that the three Singapore banks, DBS, OCBC, and UOB, have successfully conducted interbank overnight lending transactions using the first live trial issuance of Singapore dollar wholesale CBDC," he said. MAS will expand trials to include tokenized MAS bills settled with CBDC, he added.

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Public Accounts Committee tears into department responsible for the most dangerous breach in British history

The UK Parliament's Public Accounts Committee (PAC) says the Ministry of Defence (MoD) has failed to appropriately improve its data protection mechanisms, three years after the infamous 2022 Afghan data breach.…

Why Musk won't ever realize the shareholder-approved Tesla payout

Opinion At Tesla's annual shareholder meeting in Austin, Texas, more than 75 percent of voting shares backed a compensation deal for CEO Elon Musk that would make him history's first trillionaire.…

Windows giant disagrees and plans to appeal

Microsoft's attempt to claim that its software can't be resold has hit a wall at the UK Competition Appeal Tribunal, which decided that Office having clipart does not mean customers can't sell their licenses on.…

Watchdog says program buckled under procurement failures and technical complexity

The UK's state-owned savings bank has blown past its budget by £1.3 billion on a digital transformation program beset by delays, according to the National Audit Office.…

According to Car and Driver, Hyundai has suffered a data breach that leaked the personal data of up to 2.7 million customers. The leak reportedly took place in February from Hyundai AutoEver, the company's IT affiliate. It includes customer names, driver's license numbers, and social security numbers. Longtime Slashdot reader sinij writes: Thanks to tracking modules plaguing most modern cars, that data likely includes the times and locations of customers' vehicles. These repeated breaches make it clear that, unlike smartphone manufacturers that are inherently tech companies, car manufacturers collecting your data are going to keep getting breached and leaking it.

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Cybercrime crew has ravaged multiple private organizations using Oracle EBS zero-day for months

The UK's National Health Service (NHS) is investigating claims of a cyberattack by extortion crew Clop.…