Risks

• Cowbell Cyber Inc. launched Prime One, a new U.S. cyber insurance product for organizations with $250 million to $1 billion in annual revenue. • The policy provides up to $10 million in coverage limits and includes affirmative protection for AI-related incidents and quantum computing risks. • Prime One addresses unauthorized use or access to AI systems in business operations, targeting advanced digital risk profiles.

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsBusiness live – latest updatesThe Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.Against a volatile backdrop of the Middle East conflict, the Washington-based fund said the war could add to the already strained position of government finances throughout the world. Continue reading...

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening but also with how long this will take. Continue reading...

Orbán is out in Hungary and talks have failed to end the war in Iran – ill-fated roadtrip has been setback for Maga aimsShortly before JD Vance’s ill-fated week crisscrossing the world, Donald Trump asked him during a private Easter brunch about how the Iran negotiations were shaping up. “If it doesn’t happen, I’m blaming JD Vance,” Trump said to laughs in the room. “If it does happen, I’m taking full credit.”The joke at Vance’s expense contained an unfortunate nugget of truth: this is not an administration that rewards failure. Continue reading...

• Anthropic postponed releasing Claude Mythos, an AI excelling at coding and vulnerability scanning, following high-level meetings with US financial regulators. • Mythos demonstrated ability to chain unknown security flaws in software at unprecedented speed, sparking 'agent-to-agent war' concerns in cyberspace. • Partners like Amazon, Apple, Microsoft, Google, Cisco, CrowdStrike, and JPMorgan Chase received restricted previews under Project Glasswing.

• US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened Wall Street leaders on April 7 to warn about Anthropic's new Mythos AI model, which can identify software vulnerabilities that have evaded decades of human review and millions of automated security tests. • Mythos is being released only to carefully selected partners for defensive security work, as Anthropic fears the tool could provide ransomware gangs and hostile governments with powerful weapons to steal data or disrupt critical infrastructure. • The model represents a significant leap in AI cybersecurity capabilities, with the potential to both protect systems through accelerated penetration testing and pose risks if misused by malicious actors.

The restructuring will close all regional offices, which manages 193m acres of land, roughly the size of TexasSign up for the Breaking News US email to get newsletter alerts in your inboxUS public lands will “pay the price” of a drive by Donald Trump’s officials to restructure the agency that oversees them, union leaders have warned, accusing the administration of forcing workers to decide whether to relocate or resign.All regional offices of the US Forest Service, which manages 78m hectares (193m acres) of land – roughly the size of Texas – are set to close as part of an overhaul launched by the Trump administration. The service has already shed hundreds of staff members since Trump returned to power last year. Continue reading...