Ransomware attack on China’s biggest bank disrupts US Treasury market

American arm of ICBC is latest victim of hackers and is investigating

The Industrial and Commercial Bank of China’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.

ICBC Financial Services, the US unit of China’s largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress towards recovering from it.

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Australia news live: ‘we let him down,’ WA corrective services minister admits after death of 16-year-old Cleveland Dodd

Aboriginal teenager died in a hospital in October, a week after being found unresponsive inside a maximum security prison. Follow live

This morning Guardian Australia revealed that the Albanese government will immediately begin releasing people from indefinite detention after receiving a flurry of demands from long-term detainees to be set free due to Wednesday’s landmark high court ruling.

In question time on Thursday the government confirmed it had released the plaintiff in that case, a stateless Rohingya man known as NZYQ who was convicted of sexually assaulting a 10-year-old, but claimed it needed to wait for the court’s full reasons and legal advice before making a call on others.

Yesterday the government assured the Senate they would not be releasing any other detainees before the court published its reasoning. The fact they are doing so less than 24 hours later shows how unprepared they were for this case. Sadly the Australian people cannot rely on their assurances about community safety if they are not even across fundamental legal questions like this.

It is the duty of journalists to seek out sources, including documentary evidence, in order to report to the public on the activities of the government. The United States must not pursue an unnecessary prosecution that risks criminalising common journalistic practices and thus chilling the work of the free press. We urge you to ensure that this case be brought to a close in as timely a manner as possible.

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Optus outage: company’s offer of free data as compensation criticised as ‘hollow gesture’

CEO rules out financial compensation but consumer group chief and small business ombudsman say 200GB offer is ‘token’ and inadequate

Optus’s offer of free data to customers and small businesses left without phone or internet services on Wednesday has been labelled inadequate and a “hollow gesture” as the industry ombudsman advises Optus may be on the hook for more compensation.

On Thursday, the telco’s embattled CEO, Kelly Bayer Rosmarin, said the company was “deeply sorry” for the outage that took down internet and phone services as well as trains, hospital communications and a range of other services for 14 hours on Wednesday.

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Ex-minister Gavin Williamson warned as he takes job at payment card provider

Advisory committee on business appointments tells MP he must not utilise contacts in government in Lanistar role

The former cabinet minister Gavin Williamson has taken a job at a firm launching a payment card “built for the influencer lifestyle”, which was previously hit with a consumer warning by the Financial Conduct Authority (FCA) and currently only offers its product in Brazil.

Williamson has gained permission to join the advisory board of Lanistar, whose website says it wants to roll out its virtual payment card and crypto services to the UK and EU.

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Energy efficiency scheme for cold homes going at a glacial pace, says Labour

Government’s Energy Company Obligation has managed to upgrade only 65,000 homes since April 2022, figures show

Labour has attacked the Conservatives over the speed of government efforts to upgrade Britain’s draughty housing stock, as analysis showed a leading household energy efficiency initiative was proceeding at what the party called a “glacial pace”.

Just 65,000 homes have been upgraded under the government’s Energy Company Obligation (Eco) scheme since it was relaunched in April last year, according to analysis of statistics released by the Department for Energy Security and Net Zero (DESNZ).

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Optus outage update: network facing Senate inquiry and government review after Australia-wide loss of service

Optus will provide eligible customers with 200GB of extra data as compensation, now blaming ‘network event’ for catastrophic outage

Optus is scrambling to regain public support after Wednesday’s 14-hour outage by offering “eligible” customers a free data pack, as it faces a senate inquiry and separate government review.

The telco giant’s network dropped out from about 4am on Wednesday, leaving millions of customers including hospitals, schools, financial institutions and government departments unable to make or receive calls for at least nine hours.

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Hollywood actors’ union reaches tentative deal with studios to end strike

Sag-Aftra union hails agreement of ‘extraordinary scope’ with Hollywood producers, bringing to a close historic work stoppage

Hollywood actors are set to end their nearly four-month strike, the Sag-Aftra union announced on Wednesday, bringing to a close a historic work stoppage that had brought the film and television industry to a standstill for months.

Sag-Aftra and the Alliance of Motion Picture and Television Producers (AMPTP) reached a tentative agreement on Wednesday, ending film and television actors’ longest strike roughly a month after writers signed their new contract. The deal came after parties had resumed talks last week following stalled negotiations in early October.

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Music executive LA Reid accused of sexual assault in lawsuit

Ex-executive Drew Dixon alleges Reid, known for growing stars such as Usher and Pink, assaulted her twice and derailed her career

LA Reid, the music executive known for helping develop superstars Mariah Carey, Pink, TLC and Usher, was sued on Wednesday by a former music executive who accused him of sexually assaulting her more than two decades ago.

Drew Dixon said Reid, 67, derailed her once promising music industry career after he became Arista Records’ chief executive because she rejected his advances, including two assaults that she said occurred in 2001.

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Optus confirms ‘network event’ behind outage – as it happened

This blog is now closed.

Rowland: ‘consumers were clearly frustrated with lack of information’ over outage

Rowland says the key issue of the Optus outage was “getting some more understanding of the nature of the problem”. She tells ABC TV:

I made it clear from the outset that consumers were clearly frustrated with the lack of information. Australians are reasonable people. They understand that things need to be resolved and that may take some time, but the key issue here was getting some understanding of the nature of the problem, how long it may take and what the impacts would be.

And I think it goes to the issue of how reliant we are on our digital devices and connectivity overall, including for consuming messages and news media. And, in this case, the broadcasting platforms were there to be utilised and I did encourage Optus to do that as well.

It’s important, I believe, to have a post-incident review that is both thorough in scope but also is completed expeditiously and goes to the precise issues of what has caused this, considering the considerable amount of disruption, the distress it has caused, but also the economic impact as well. And to understand what [can] be done in future by the sector as a whole to take the lesson and mitigate that going forward.

So this is important, because Australians expect that there will be follow-up, that there will be lessons learned. But, importantly for the sector as a whole, it’s important to understand how this can be certainly avoided in future.

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Half of Australia left without internet or phone as Optus crashes

10 million people are cut off, train systems fall down and businesses cannot make sales in outage lasting hours

Nearly half the Australian population were left without internet or phone service on Wednesday, when the country’s second largest telecommunications provider crashed and cut off 10 million people from Sydney to Perth and all points in between.

Those affected woke up on Wednesday morning to find they could not log on or make a call, train systems fell down, and businesses could not complete sales because their tap and pay machines were offline.

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Challenging times ahead for Optus amid fallout from network-wide outage

Optus hit with another disaster barely a year after it copped the worst cyber breach in Australian history

As Optus customers raged amid a damaging outage on Wednesday, shares in rival telco Telstra climbed higher, fast outpacing the broader market.

The differing fortunes of the telcos speaks to the huge challenge facing Optus barely a year after it was hit by the worst cyber breach in Australian history.

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Australia news live: Optus network outage ‘root cause’ unclear as services slowly return; NAB lifts variable home loan rate after RBA hike

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Victoria’s Northern Health phone lines affected by Optus outage

Northern Health in Melbourne said all phone lines into its campuses are affected by the current Optus outage.

This includes phone lines into Northern hospital Epping, Broadmeadows hospital, Bundoora Centre, Craigieburn Centre, Kilmore district hospital, and [the] Victorian Virtual Emergency Department (VVED).

We apologise for any inconvenience.

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Optus service outage: what caused it, when will it be fixed, and how long will it last? Is the network still down or back online? What we know so far

Hospitals, homes, businesses and transport services hit by Australia-wide internet, mobile and landline network blackout; CEO says there is a ‘path to restoration’

Here’s what we know about the Optus outage so far:

Millions of Australian customers and businesses have been hit by a widespread outage on the Optus network. Affected services include mobile and fixed-line networks, along with internet connections.

According to Downdetector, reports of an outage began at 4am AEDT. A spike of reports flooded through at 5.45am, when 8,180 reports of an outage were received.

Optus provided a statement online about 6.45am, saying it was “aware of an issue impacting Optus mobile and nbn services” and was working to restore services “as quickly as possible”.

At 10.30am AEDT the telco’s chief executive, Kelly Bayer Rosmarin, told ABC Radio Sydney the company had tested a number of “hypotheses” about what might have caused the problem but none fixed the issue.

The federal communications minister, Michelle Rowland, said a protocol was in place to allow Optus customers to “camp” on other mobile networks when needing to call 000. There was a marked increase in camping calls on Wednesday.

However, Victoria’s health minister, Mary-Anne Thomas, urged people not to use Optus-linked phones to call triple zero. She said some Optus users had reported they are unable to get through.

At 12.55pm, Optus wrote on X that some services across fixed and mobile were gradually being restored. “This may take a few hours for all services to recover, and different services may restore at different sites over that time.”

Optus also reiterated its “apology to customers for the nationwide service outage”, and said it was aware of some mobile phones having issues connecting to 000. “If Optus customers need to call emergency services, we suggest finding a family member or neighbour with an alternative device.”

Shortly after 1pm Rosmarin announced that there was now a “path to restoration” and that some users had had services restored.

The outage caused major service disruptions and delays across the Melbourne train network. It was also affecting phone lines at hospitals across the country.

Rowland and the Coalition’s communications spokesperson, David Coleman, have urged Optus to keep its customers updated.

The Communication Workers Union has labelled today’s Optus outage as an “absolute disgrace” that has left vulnerable people “relying on landlines without emergency help”.

The telecommunications industry ombudsman has released a statement advising Optus customers: “We can help you with refunds for the time you have been unable to use your service, compensation claims and disputes about your contract.”

Rowland earlier said information about the cause of the outage was limited but suggested a “deep network problem”. She said there was no information suggesting a cyber-attack as of Wednesday morning.

Rowland advised small businesses to keep receipts as an “evidentiary base” for recourse and redress.

The Greens will move for an urgent inquiry into the outage in the Senate later today.

The South Australian premier said his government was already talking to Telstra about switching some of its “critical services” away from Optus. Peter Malinauskus also said the state government was “disappointed with Optus”.

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Optus outage: CEO says some services are being restored after millions across Australia lost mobile and internet

Telecommunications company says engineers investigating a network fault affecting mobile and internet services

Optus is progressively restoring its services about eight hours after a nationwide outage left millions of Australian customers and businesses without mobile and internet services.

The company said services were gradually being restored, after they went down across the country at 4am AEDT. An Optus spokesperson said it “may take a few hours for all services to recover” and urged anyone in need of emergency services to contact triple zero from an alternative device.

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Hunt urged to invest £30bn a year in infrastructure or risk ‘decade in doldrums’

Thinktank says stronger than expected tax revenues have given chancellor scope for bold package in autumn statement

Jeremy Hunt risks condemning Britain to a decade in the doldrums unless he uses this month’s autumn statement to announce a £30bn-a-year investment plan to upgrade public infrastructure, a leading thinktank has warned.

The National Institute for Economic and Social Research (NIESR) said the chancellor should ignore calls by Tory MPs for pre-election tax cuts and instead focus on measures to boost growth through improvements to transport, digital networks, skills and housing.

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AI Pictionary and a ‘robo-dog’ make UK shops’ hottest Christmas toy lists

Retailers hope new version of top-selling board game plus Dog-E will help fuel festive sales recovery

A new version of Pictionary that pits artist against artificial intelligence and a pet “robo-dog” with a wagging tail are among the toys destined to appear on Christmas lists this year as retailers pray for better sales during the key festive trading period.

With the cost of living crisis looming large over another year’s celebrations, the Toy Retailers Association’s annual DreamToys list of the 20 “hottest” gifts includes a dozen that are under £50. Among them is Pictionary vs AI (£24), a new version of the classic board game that pitches (terrible) human sketches against the might of AI processing power.

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UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

Britain’s housing market is past “peak pain” and prices look likely to bottom out by next summer, according to the estate agency Savills.

The average UK house price is projected to fall by 3% in 2024, after a 4% drop this year, the upmarket estate agent and property advisory firm said in its five-year outlook.

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Patisserie Valerie fraud trial will not start until 2026, court told

Serious Fraud Office expects to examine 3m documents relating to collapsed bakery chain and charges against four people

The fraud trial of former employees of the collapsed bakery chain Patisserie Valerie will not take place for another two and a half years, a court has heard.

At a trial preparation hearing at Southwark crown court on Tuesday, a date was set for spring 2026, about eight years on from the accounting crisis that led to the collapse of the business.

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North Sea oil and gas: what is the new licensing scheme, and will it cut bills?

Rishi Sunak signalled changes in the king’s speech that create a policy divide with Labour

The government has confirmed its plans to grant new North Sea oil and gas licences every year at the opening of parliament, deepening a political fault line between the Conservatives and Labour, and angering environmental campaigners who argue it undermines efforts to reach net zero. Here, we examine the move.

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WeWork bankruptcy: shared office provider expected too try and renegotiate Australian leases

WeWork says its commitment to Australia is ‘unwavering’ after US parent files for bankruptcy

Shared office provider WeWork says it is “business as usual” for its Australian operations, even after the US parent filed for bankruptcy as debts mounted and office vacancies increased around the world.

The former high-flying New York-headquartered company operates in 15 Australian locations as part of its global portfolio spread across more than 30 countries.

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