Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran

Oil prices tumbled on Wednesday and global stock markets rallied after the US and Iran agreed a two-week conditional ceasefire.Investors welcomed the news that Donald Trump had held off on his threat to bomb Iran into “the stone ages”, while Iran’s foreign minister, Abbas Araghchi, said passage through the strait of Hormuz would be allowed for the next two weeks under the management of Iran’s military. Wall Street recorded its biggest single-day rally in a year.Oil fell below the $100-a-barrel mark, even though it was not certain that the US would accept a 10-point proposal drawn up by Iran. How the strait will be reopened and managed beyond the two-week grace period is yet to be determined

John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs

The boss of the group that owns John Lewis and Waitrose had his basic pay rate increased by 21% last year while the retailer cut 3,300 jobs.The annual salary of Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, was increased to £1.2m for the year to January, from £990,000.He also received a £22,700 annual bonus – equivalent to 2% of his pay – and other benefits, taking his total package to almost £1.26m

British computer scientist denies he is bitcoin developer Satoshi Nakamoto

A British computer scientist has insisted he is not the elusive developer of bitcoin, after a report claimed to unmask him as its creator.A story in the New York Times details a years-long effort to unmask Satoshi Nakamoto, the mysterious author of the bitcoin white paper which laid the theoretical foundations for modern digital currencies.It names Adam Back, a London-born computer scientist and entrepreneur. In a thread on X, Back promptly denied being the mysterious – and presumably ultra-wealthy – technologist.“I also don’t know who satoshi is, and i think it is good for bitcoin that this is the case, as it helps bitcoin be viewed [as] a new asset class, the mathematically scarce digital commodity,” he wrote

Britons warned about Russian hackers targeting internet routers for espionage

Russian hackers are exploiting commonly sold internet routers to harvest information for espionage purposes, the UK’s cybersecurity agency has said.The hack could allow attackers to obtain users’ credentials, redirect them to fake sites, and potentially access other devices on their home network such as phones and PCs, said Alan Woodward, a professor at the University of Surrey.The National Cyber Security Centre said on Tuesday the operations were “believed to be opportunistic in nature, with the actor targeting a wide pool of victims and then likely filtering down for users of potential intelligence value at each stage of the exploitation chain”.It follows a common pattern of cyber-actors targeting edge devices – hardware such as internet routers or internet-connected security cameras – that act as a bridge between users and the cloud.Woodward said: “It’s not the first time that warnings have come out about routers

How Augusta National outwitted ticket resellers and kept door closed on Trump | Andy Bull

Jeffrey Epstein’s web of influence stretched from European palaces to Ivy League universities and Wall Street banks, but there was apparently at least one little corner of the establishment that seems to have been beyond his reach: Augusta National. In July 2019, Epstein sent an iMessage to Steve Bannon asking for his help with a particularly difficult problem. “Need to work magic to get brad Karp admitted to augusta golf club,” Epstein wrote. “The head of Paul Weiss Brad Karp?” Bannon replied. “Yes

Rahm stands out as Masters favourite as Augusta adjusts to post-Tiger world | Ewan Murray

Spaniard is seeking his second Green Jacket at first Masters since 1994 without Tiger Woods or Phil MickelsonHalf a mile from the gates of Augusta National, at the foot of Washington Road, sits a keyboard and piano store. It closes on Masters week every year. “Spring has sprung and so have we,” reads a sign in the forecourt. Clearly there is insufficient correlation between golf fans and those with a tendency to tinkle the ivories (or similar) for the business to remain open.Masters mania is not for everyone