In today’s technology news, Fermilab, a U.S. Department of Energy national laboratory, was targeted in a cyberattack exploiting a vulnerability in Microsoft’s SharePoint software. According to Reuters’ article “US Fermilab hit in cyberattack targeting Microsoft’s SharePoint, Bloomberg News reports,” the attack was part of a broader global cyber espionage campaign stemming from a critical SharePoint flaw discovered in May. The Department of Energy confirmed that while attackers attempted to access Fermilab’s SharePoint servers, the breach had minimal impact, with no classified or sensitive data compromised. The servers have since been restored to normal operation.
In the financial sector, Evercore has acquired UK boutique advisory firm Robey Warshaw for $196 million, marking a significant move in its European expansion strategy. As reported by the Financial Times in “Why Evercore is buying Robey Warshaw,” Robey Warshaw is known for its role in major UK deals and brings to Evercore a small elite team of dealmakers. The acquisition solidifies Evercore’s ambitions to challenge larger banks in Europe and follows their hiring of Citigroup veteran Luigi de Vecchi. Robey Warshaw generated £86 million in revenue last year, reflecting its strong track record with a lean team.
On the trade front, President Donald Trump announced that starting Friday, the U.S. will impose a 25% tariff on Indian goods and an additional tax due to India’s continued oil purchases from Russia. According to the Associated Press article “The Latest: Trump says Friday tariffs deadline is firm,” this move is part of a broader tariff revision affecting multiple countries. Trade tensions continue with China, where conversations remain inconclusive, and both sides prepare countermeasures.
In the energy sector, the European Union has agreed to purchase $750 billion of energy from the United States as part of a trade agreement focusing on LNG, oil, and nuclear fuels. S&P Global reports in “EU to buy $750 billion of US energy in trade agreement” that this deal follows months of negotiations and aims to address trade imbalances between the two economies. European Commission President Ursula von der Leyen confirmed the EU and the U.S. will increase their energy cooperation.
In corporate developments, Microsoft has announced plans to lay off approximately 9,000 employees, representing nearly 4% of its global workforce. According to Technology Magazine’s article “What 9,000 Microsoft Redundancies Say About the Tech Sector,” the company cites a need for organizational agility and links the move to AI deployment and process optimization. The layoffs will affect teams across several countries and experience levels, with the company looking to reduce management layers between individual contributors and senior executives.
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