Business

Many businesses will probably take days or even weeks to recover fully from Friday’s unprecedented computing outage, IT experts have warned, after a faulty software update from the company they trusted to secure their systems caused massive global disruption. CrowdStrike, one of the world’s largest security vendors, blamed an update…

One of the biggest-ever IT outages has disrupted companies across the world, from airlines to financial services and media groups, after what should have been a routine software update cascaded into crisis. Thousands of flights were cancelled on Friday, workers in cities from Tokyo to London were unable to log…

America’s eyes are finally fixated on the 2024 election. After months of tuning out what had been a fairly predictable and uneventful race between the two party incumbents, recent earthshaking events have upended the state of politics, adding an unexpected wrinkle to the storyline and prompting audiences to turn their…

Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.House purchases and major UK payments were disrupted on Thursday after an outage at a Bank of England system that lasted for several hours. Payments via the Chaps service, which is used…

At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. One has made cutting greenhouse emissions a major business selling point. The other questions the need to cut emissions at all, denouncing most forms of clean energy as at best unnecessary and at worst destructive. One…

Palantir Technologies co-founder Joe Lonsdale, a trio of venture capital pioneers and the Winklevoss twins are among the US technology and business leaders who have donated to a new super-political action committee supporting Donald Trump’s presidential bid.America Pac has raised more than $8.7mn since its launch in June, according to…

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