Monday 2 November

Top stories of the day.

▸

A sophisticated cyberattack has compromised internet-connected refrigeration systems supplied by the Danish firm Danfoss, affecting supermarkets across the European Union. Security experts suggest that outdated software and lax security protocols left thousands of devices vulnerable to remote tampering, forcing retailers to scramble to protect their inventory from spoilage. Read more →

▸

The Dutch government is currently mired in crisis as coalition leaders struggle to finalize a tax plan following a stinging rebuke from the Council of State. With a Tuesday deadline looming and parliamentary support far from guaranteed, political analysts warn that the current instability could further paralyze the Netherlands’ executive branch. Read more →

▸

Defying market headwinds, Apple has reported record-breaking quarterly results, raking in $114.5 billion in total revenue. Driven by a surge in demand for the latest iPhones—which accounted for $57.8 billion—the tech giant has comfortably exceeded analyst expectations and solidified its formidable balance sheet. Read more →

▸

Low-cost carrier Ryanair has announced a 16% drop in half-year profits as fuel costs climb amid escalating tensions in the Middle East. To mitigate these pressures, the airline is considering a wage freeze for staff and has warned passengers that ticket prices may climb by at least 10% in the coming months. Read more →

▸

More than 70,000 entrepreneurs in the Netherlands still face significant outstanding tax debts stemming from the Covid-19 pandemic. With only 11 months left to settle their accounts, the government is scrambling to offer flexible repayment schemes to prevent widespread business insolvencies across the country. Read more →

Compiled by AI from the most important headlines of the 24 hours before.