Remember that massive botnet run by Chinese government hackers? Flax Typhoon "compromised computer networks in North America, Europe, Africa, and across Asia, with a particular focus on Taiwan," according to the U.S. Treasury Department. (The group's botnet breaching this autumn affected "at least 260,000 internet-connected devices," reports the Washington Post, "roughly half of which were located in the United States.")

Friday America's Treasury Department sanctioned "a Beijing-based cybersecurity company for its role in multiple computer intrusion incidents against U.S. victims..." according to an announcement from the department's Office of Foreign Assets Control. "Between summer 2022 and fall 2023, Flax Typhoon actors used infrastructure tied to Integrity Tech during their computer network exploitation activities against multiple victims. During that time, Flax Typhoon routinely sent and received information from Integrity Tech infrastructure."

From the Washington Post: The group behind the attacks was active since at least 2021, but U.S. authorities only managed to wrest control of the devices from the hackers in September, after the FBI won a court order that allowed the agency to send commands to the infected devices...

Treasury's designation follows sanctions announced last month on Sichuan Silence Information Technology Company, in which U.S. officials accused the company of exploiting technology flaws to install malware in more than 80,000 firewalls, including those protecting U.S. critical infrastructure. The new sanctions on Beijing Integrity Technology are notable due to the company's public profile and outsize role in servicing China's police and intelligence services via state-run hacking competitions. The company, which is listed in Shanghai and has a market capitalization of more than $327 million, plays a central role in providing state agencies "cyber ranges" — technology that allows them to simulate cyberattacks and defenses...

In September, FBI Director Christopher A. Wray said the Flax Typhoon attack successfully infiltrated universities, media organizations, corporations and government agencies, and in some cases caused significant financial losses as groups raced to replace the infected hardware. He said at the time that the operation to shut down the network was "one round in a much longer fight...." A 2024 assessment by the Office of the Director of National Intelligence said China is the most "active and persistent" cyberthreat and that actors under Beijing's direction have made efforts to breach U.S. critical infrastructure with the intention of lying in wait to be able to launch attacks in the event of major conflict.
"The Treasury sanctions bar Beijing Integrity Technology from access to U.S. financial systems and freeze any assets the company might hold in the United States," according to the article, "but the moves are unlikely to have a significant effect on the company," (according to Dakota Cary, a fellow at the Atlantic Council who has studied the company's role in state-sponsored hacking).

As UK workers face a tougher-than-usual January return to offices, many large employers, including Amazon, BT, PwC, and Santander, are enforcing stricter in-person attendance mandates. The Guardian reports: As of 1 January, BT is requiring its 50,000 office-based employees across the UK and several other countries to attend three days a week in what it calls a "three together, two wherever" approach. Workers at the telecoms company have been told that office entry and exit data will be used to monitor attendance. The accountancy firm PwC is also clamping down on remote working; the Spanish-owned bank Santander is formalizing attendance requirements for its 10,000 UK staff; the digital bank Starling has ordered staff back to the office more regularly; and the supermarket chain Asda has made a three-day office week compulsory for thousands of workers at its Leeds and Leicester sites. The international picture is similar. [...]

Multiple studies suggest that the future of work is flexible, with time split between the office and home or another location, in what has been called "the new normal" by the Office for National Statistics. The ONS found in its latest survey that hybrid was the standard pattern for more than a quarter (28%) of working adults in Great Britain in autumn 2024. At the same time, working entirely remotely had fallen since 2021, it found. One of the most frequently reported business reasons for hybrid working was "improved staff wellbeing," the ONS found, while those who worked from home saved an average of 56 minutes each day by dodging the commute.

UK staff have been slower to return to their desks after the pandemic than their counterparts in France, Germany, Italy, Spain and the US. London, in particular, has lagged behind other global cities including Paris and New York, according to recent research from the Centre for Cities thinktank, where workers spent on average 2.7 days a week in the office, attendance levels similar to Toronto and Sydney. It cited the cost, and average length of the commute in and around the UK capital as one of the main reasons for the trend. Despite this, there has been a "slow but steady increase in both attendance and desk use" in British offices, according to AWA, which tracked a 4% rise in attendance, from 29% to 33%, between July 2022 and September 2024. "Hybrid working is here, it's not going away," said Andrew Mawson, the founder of Advanced Workplace Associates (AWA), a workplace transformation consultancy. "Even though companies are trying to mandate, foolishly in my view, to have their people in the office on a certain number of days, the true reality of it is different."

In 2024, Americans spent 23% less on streaming subscriptions compared to 2023, driven by rising costs, streaming fatigue, and increased password-sharing restrictions. The findings have been reported in Review's annual State of Consumer Media Spending Report. TechSpot reports: Of those surveyed, 27.8 percent said they are experiencing streaming fatigue - or the feeling of being overwhelmed by the growing number of streaming apps on the market. And with the cost of goods and services at an all-time high, it's hitting folks in the wallet as well. The report additionally found that the average American has two streaming subscriptions, and watches three hours and 49 minutes of content each day. More than a quarter of subscribers - 26.5 percent - share subscriptions with others to save on cost although with recent crackdowns on password sharing, that might not be an option for much longer.

As such, Reviews recommends downsizing the number of subscriptions you pay for each month or spending more time using free services if you're looking to cut down on costs in the New Year. For example, you could stagger subscriptions by signing up for a service temporarily to watch a specific show or movie and canceling when you are finished. It's also wise to keep an eye out for free trials, discounts, and limited-time streaming deals like those occasionally offered from Internet and mobile providers.

Samsung and Google are introducing Eclipsa Audio, an open-source 3D audio standard set to debut on select YouTube videos and Samsung's 2025 TVs and soundbars. The new format "could eventually serve as a free alternative to Dolby Atmos, the dominant 3D audio format that hardware makers like Samsung pay to license for TVs and other equipment," reports The Verge. "Samsung says that similar to Atmos, this audio format supports adjusting 'audio data such as the location and intensity of sounds, along with spatial reflections' to create a 3D experience." From the report: The two companies first announced a partnership to develop spatial audio technology in 2023, initially calling it Immersive Audio Model and Formats (IAMF). At the time, Samsung spatial audio head WooHyun Nam said the format would provide "a complete open-source framework for 3D audio, from creation to delivery and playback."

The IAMF spec has also been adopted by the Alliance for Open Media, a group that has been pushing for royalty-free codec support since 2015 and counts companies like Amazon, Apple, Microsoft, and Netflix -- along with Samsung and Google -- among its members. If they also add support for this audio format, it could help it catch on, although it's already taken years for their AV1 video codec to see more use. Samsung and Google are also creating a certification program with the Telecommunications Technology Association "to ensure consistent audio quality" across devices using the format, which also sounds similar to the way companies like Dolby and THX manage the labeling for their specs.

The U.S. surgeon general has issued an advisory calling for a warning about the risk of cancer to be included on alcoholic beverages. From a report: "Given the conclusive evidence on the cancer risk from alcohol consumption and the Office of the Surgeon General's responsibility to inform the American public of the best available scientific evidence, the Surgeon General recommends an update to the Surgeon General's warning label for alcohol-containing beverages to include a cancer risk warning," Dr. Vivek Murthy said in the advisory Friday.

The advisory notes that alcohol is the third leading preventable cause of cancer in the country, after tobacco and obesity. "Alcohol is a well-established, preventable cause of cancer responsible for about 100,000 cases of cancer and 20,000 cancer deaths annually in the United States -- greater than the 13,500 alcohol-associated traffic crash fatalities per year in the U.S. -- yet the majority of Americans are unaware of this risk," Murthy said in a news release. The advisory also says more than 740,000 cancer cases globally could be attributed to alcohol use in 2020.

China's sulfur dioxide emissions have fallen by more than two-thirds over the past 15 years through strict coal plant regulations and desulfurization technology, according to Community Emissions Data System data. Emissions peaked in mid-2000s after steep rises in the 1980s-90s, with the reduction significantly improving air quality in major cities.

An anonymous reader quotes a report from Reuters: Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday. Constellation, the country's largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies as part of the agreements with the U.S. General Services Administration. The deal is the biggest energy purchase in the history of the GSA, which constructs and manages federal buildings, and is among the first major climate-focused energy agreement by the U.S. government to include electricity generated from existing nuclear reactors.

The GSA estimated that the contracts, set to begin on April 25, will comprise over 10 million megawatt-hours over 10 years and provide electricity equivalent to powering more than 1 million homes annually. The procurement will deliver electricity to 80 federal facilities located throughout the PJM Interconnection, a regional transmission operator with service covering more than 65 million people. The U.S. Department of Transportation, the Federal Reserve Board of Governors and the Army Corps of Engineers are some of the facilities that will receive the power. [...] Constellation said the deal will enable it to extend the licenses of existing nuclear plants and invest in new equipment and technology that will increase output by about 135 megawatts. "The investments we make as a result of this contract will keep these plants operating reliably for decades to come and put new, clean nuclear energy on the grid while making the best use of taxpayer dollars," Constellation CEO Joe Dominguez said in a release.

Britain recorded its cleanest electricity generation in 2024, with carbon dioxide emissions falling to 124g per kilowatt hour, down from 419g in 2014, according to analysis by Carbon Brief released Thursday.

Renewables, including wind, solar and biomass, provided 45% of the country's power, while total low-carbon sources reached 58%. Gas remained the largest single source at 28% of generation, slightly ahead of wind at 26%.

A U.S. appeals court ruled on Thursday the Federal Communications Commission did not have legal authority to reinstate landmark net neutrality rules. From a report: The decision is a blow to the outgoing Biden administration that had made restoring the open internet rules a priority. President Joe Biden signed a 2021 executive order encouraging the FCC to reinstate the rules.

A three-judge panel of the Cincinnati-based 6th U.S. Circuit Court of Appeals said the FCC lacked authority to reinstate the rules initially implemented in 2015 by the agency under Democratic former President Barack Obama, but then repealed by the commission in 2017 under Republican former President Donald Trump.

The rules also forbid special arrangements in which ISPs give improved network speeds or access to favored users. The court cited the Supreme Court's June decision in a case known as Loper Bright to overturn a 1984 precedent that had given deference to government agencies in interpreting laws they administer, in the latest decision to curb the authority of federal agencies. "Applying Loper Bright means we can end the FCC's vacillations," the court ruled.

Morgan Stanley withdrew from the UN-backed Net-Zero Banking Alliance on Thursday, becoming the fifth major U.S. bank to abandon the climate coalition in recent weeks. The departure follows similar moves by Citigroup, Bank of America, Goldman Sachs and Wells Fargo.

While maintaining its commitment to net-zero goals and 2030 emissions targets, Morgan Stanley joins a broader retreat from environmental initiatives by financial institutions. The bank's exit from the alliance, established in 2021 to reduce lending-related emissions, comes amid mounting Republican scrutiny of Wall Street's climate policies and legal challenges from state attorneys general targeting financial firms' environmental stances.

Scientists have discovered that great whales can live well beyond previously estimated lifespans, according to research published in Science Advances. The study found that southern right whales can survive past 130 years, while their heavily hunted northern counterparts rarely live beyond 47 years.

The findings support earlier evidence from Arctic bowhead whales, which can reach 200 years old. Scientists determined whale ages by analyzing earplugs from specimens caught by Japanese whalers in the 1970s, revealing some fin and blue whales lived to at least 114 years.

Britain's Defence Science and Technology Laboratory has developed a quantum atomic clock that will lose less than one second over billions of years, the Ministry of Defence announced on Thursday.

The UK-built device aims to reduce military reliance on GPS technology, which can be disrupted by adversaries. It will be deployable in military operations within five years, supporting navigation systems, encrypted communications, and advanced weapons systems. The $34.6 million project involves partners including Infleqtion UK, Aquark Technologies, and Imperial College London. The clock was tested outside laboratory conditions for the first time in collaboration with the Royal Navy and Army Futures team.

The U.S. Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the United States citing national security concerns. From a report: The department said it was seeking public comments by March 4 on potential rules to safeguard the supply chain for drones, saying threats from China and Russia "may offer our adversaries the ability to remotely access and manipulate these devices, exposing sensitive U.S. data."

China accounts for the vast majority of U.S. commercial drone sales. In September, Commerce Secretary Gina Raimondo said the department could impose restrictions similar to those that would effectively ban Chinese vehicles from the United States and the focus will be on drones with Chinese and Russian equipment, chips and software. She told Reuters in November she hopes to finalize the rules on Chinese vehicles by Jan. 20. A decision to write new rules restricting or banning Chinese drones will be made by the administration of President-elect Donald Trump, who takes over on Jan. 20.

Abstract of a paper [PDF] published on National Bureau of Economic Research: Fertility levels have greatly decreased in virtually every nation in the world, but the timing of the decline has differed even among developed countries. In Europe, Asia, and North America, total fertility rates of some nations dipped below the magic replacement figure of 2.1 as early as the 1970s. But in other nations, fertility rates remained substantial until the 1990s but plummeted subsequently.

This paper addresses why some countries in Europe and Asia with moderate fertility levels in 1980s, have become the "lowest-low" nations today (total fertility rates of less than 1.3), whereas those that decreased earlier have not. Also addressed is why the crossover point for the two groups of nations was around the 1980s and 1990s. An important factor that distinguishes the two groups is their economic growth in the 1960s and 1970s. Countries with "lowest low" fertility rates today experienced rapid growth in GNP per capita after a long period of stagnation or decline. They were catapulted into modernity, but the beliefs, values, and traditions of their citizens changed more slowly. Thus, swift economic change may lead to both generational and gendered conflicts that result in a rapid decrease in the total fertility rate.

The number of active venture capital investors, firms that invest in startups, has dropped more than a quarter from a peak in 2021 [non-paywalled source], as risk-averse financial institutions focus their money on the biggest firms in Silicon Valley. From a report: The tally of VCs investing in US-headquartered companies dropped to 6,175 in 2024 -- meaning more than 2,000 have fallen dormant since a peak of 8,315 in 2021, according to data provider PitchBook.

The trend has concentrated power among a small group of mega-firms and has left smaller VCs in a fight for survival. It has also skewed the dynamics of the US venture market, enabling start-ups such as SpaceX, OpenAI, Databricks and Stripe to stay private for far longer, while thinning out funding options for smaller companies.

More than half of the $71bn raised by US VCs in 2024 was pulled in by just nine firms, according to PitchBook. General Catalyst, Andreessen Horowitz, Iconiq Growth and Thrive Capital raised more than $25bn in 2024. Many firms threw in the towel in 2024.

India has once again pushed back a contentious plan to limit major technology companies' control of the nation's digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. From a report: The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual app's share of transactions on the Unified Payments Interface, or UPI, the country's ubiquitous digital payments network, to December 31, 2026.

The decision provides temporary relief to Walmart-backed PhonePe and Google Pay, which together handle more than 85% of transactions on UPI. The network, which processes over 13 billion transactions monthly, has become the backbone of India's digital economy since its launch eight years ago.

The Securities and Exchange Commission wrote off nearly $10 billion in uncollected fines over the past decade, with $1.4 billion written off in 2023 alone, WSJ reported, citing internal data.

While the agency reported $4.9 billion in sanctions last year, it typically collects only two-thirds of imposed penalties. The SEC stopped disclosing collection rates in 2019. In fiscal 2024, it collected just 23% of $8.2 billion in reported sanctions, including a $4.4 billion judgment against cryptocurrency firm Terraform Labs that will likely go unpaid due to bankruptcy proceedings.

Food prices continue climbing, posing challenges for U.S. consumers and policymakers, with average food-at-home prices recording their largest annual increase in November. While some commodities like wheat and corn have seen price drops, key breakfast staples remain expensive due to global supply disruptions from disease, weather, and reduced production.

A filing in an antitrust lawsuit against some of the nation's top universities alleges the schools overcharged students by $685 million in a "price-fixing" scheme, raising serious questions about their past admission and financial aid policies. From a report: Documents and testimony from officials at Georgetown University, the University of Notre Dame, the University of Pennsylvania, MIT and other elite schools suggest they appeared to favor wealthy applicants despite their stated policy of accepting students without regard for their financial circumstances. That "need-blind" policy allowed the schools to collaborate on financial aid under federal law, but plaintiffs in the case say the colleges violated the statute by considering students' family income.

Every year, according to a motion filed in federal court Monday night, Georgetown's then-president would draw up a list of about 80 applicants based on a tracking list that often included information about their parents' wealth and past donations, but not the applicants' transcripts, teacher recommendations or personal essays. "Please Admit," was often written at the top of the list, the lawsuit contends -- and almost all of the applicants were. Former students accuse 17 elite schools, including most of the Ivy League, of colluding to limit the financial aid packages of working- and middle-class students. The claimed damages of $685 million, which were detailed in the court filing Monday night, would automatically triple to more than $2 billion under U.S. antitrust laws.

An anonymous reader quotes a report from Fast Company: Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday. The rule will require home insurers to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement. Insurers will have to start increasing their coverage by 5% every two years until they hit the equivalent of 85% of their market share. That means if an insurer writes 20 out of every 100 state policies, they'd need to write 17 in a high-risk area, Lara's office said.

Major insurers like State Farm and Allstate have stopped writing new policies in California due to fears of massive losses from wildfires and other natural disasters. In exchange for increasing coverage, the state will let insurance companies pass on the costs of reinsurance to California consumers. Insurance companies typically buy reinsurance to avoid huge payouts in case of natural disasters or catastrophic loss. California is the only state that doesn't already allow the cost of reinsurance to be borne by policy holders, according to Lara's office. [...] The requirement is under review by the Office of Administrative Law before it takes effect within 30 days. "Californians deserve a reliable insurance market that doesn't retreat from communities most vulnerable to wildfires and climate change," Lara said in a statement. "This is a historic moment for California."

Opponents of the rule say that could hike premiums by 40% and doesn't require new policies to be written at a fast enough pace. The state did not provide a cost analysis for potential impact on consumers. "This plan is of the insurance industry, by the insurance industry, and for the industry," Jamie Court, president of Consumer Watchdog, said in a statement.