In this issue

As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple tax experts interviewed said deductions are usually allowed under law and established guidance.

MICROSOFT DEBUTS WINDOWS 11; FIRST MAJOR UPDATE IN 6 YEARS

Microsoft has unveiled the next generation of its Windows software, called Windows 11, that has a new Start Menu and other features.

1 min

REMBRANDT'S HUGE ‘NIGHT WATCH' GETS BIGGER THANKS TO AI

One of Rembrandt van Rijn’s biggest paintings just got a bit bigger.

3 mins

BUZZFEED TO BECOME A PUBLICLY TRADED COMPANY

Digital media company BuzzFeed is setting its sights on growth. It plans to become a publicly-traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company.

2 mins

AMAZON ANNOUNCES PLANS TO BUILD SOLAR FARM IN MISSISSIPPI

Amazon has announced plans to build a solar farm in Mississippi and in at least 10 other states, including Arkansas and Pennsylvania.

1 min

US BLOCKS SOLAR PANEL MATERIALS FROM CHINA OVER LABOR ABUSES

Chinese-made materials used in solar panels will be barred from the U.S. market as part of a broader effort to halt commerce tied to China’s repressive campaign against Uyghurs and other minorities, the Biden administration said Thursday.

2 mins

DUTCH GROUP LAUNCHES DATA HARVESTING CLAIM AGAINST TIKTOK

A Dutch consumer group is launching a 1.5 billion euro ($1.8 billion) claim against TikTok over what it alleges is unlawful harvesting of personal data from users of the popular video sharing platform.

1 min

HOTTEST SELLER AT GAMESTOP IS ITS OWN STOCK, $1B RAISED

GameStop raised more than $1 billion in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors.

2 mins

CAN ET SEE US? STUDY FINDS MANY STARS WITH PRIME EARTH VIEW

Feeling like you are being watched? It could be from a lot farther away than you think.

2 mins

EU INVESTIGATES GOOGLE'S CONDUCT IN DIGITAL AD TECH SECTOR

European Union regulators have launched a fresh antitrust investigation of Google, this time over whether the U.S. tech giant is stifling competition in digital advertising technology.

3 mins

CHINESE BANKS PROMISE TO STEP UP CRYPTOCURRENCY BAN

China’s biggest banks promised this week to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.

1 min

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