Bloomberg Tech

Ukraine Recap: Ships Head for Black Sea Ports, Defying Russia

Ukraine is defying Russia’s effective blockade of its Black Sea ports by sending empty ships to collect grain for the first time since the collapse of a deal guaranteeing safe passage almost two months ago. Two ships are headed toward the port of Chornomorsk to load wheat for Africa and Asia, Ukraine’s infrastructure minister said.

MGM Resorts Hackers Broke In After Tricking IT Service Desk

The online attack that disrupted MGM Resorts International resorts and casinos across the country began with a social engineering breach of the company’s information technology help desk, according to a cybersecurity executive familiar with the investigation.

Ukraine Recap: EU Grain Import Ban Ends; Kim Meets With Shoigu

The European Union ended a ban on Ukrainian crop imports in five of its eastern countries, prompting Poland, Hungary and Slovakia to quickly announce a return to unilateral restrictions. Ukraine last week threatened to file a complaint at the WTO if Poland banned its grain. Meanwhile, Russia is tightening its grip on the world wheat export market after another huge harvest.

Jaguars QB Trevor Lawrence Settles FTX Endorsement Lawsuit

Three high-profile endorsers of the failed FTX cryptocurrency exchange – including NFL quarterback Trevor Lawrence – agreed to settle claims they helped dupe investors who lost billions in the meltdown of Sam Bankman-Fried’s digital-asset empire.

TikTok Plans Steep Holiday Discounts, Bringing Amazon Price War

TikTok plans to offer steep holiday discounts in a monthlong campaign that will begin in late October, according to documents reviewed by Bloomberg. The social media app aims to lure inflation-battered shoppers to its new online marketplace, taking the first shot in a price war with established competitors Amazon.com Inc. and Walmart Inc.