Category: Business

29 Nov

UK bans new North Sea oil and gas projects, targets 20M-tonne production by 2040

The UK government has banned new oil and gas exploration in the North Sea, allowing only extensions to existing fields, as part of its net zero strategy—with production forecast to fall below 20 million tonnes by 2040.

Marks & Spencer Hit by Scattered Spider Ransomware Attack – £300M Loss

Marks & Spencer’s Easter‑week ransomware breach by Scattered Spider encrypted systems, exposed customer data and cost up to £440 million, sparking a massive recovery effort.