Mortgage lending cools as high borrowing costs, economic woes and political upheaval hit demand
The Bank of England's survey of lenders found that banks and building societies consulted expect demand for mortgages to decrease over the summer.
Relief for motorists as oil plummets towards $70 a barrel following a sharp reduction in fuel prices
Brent crude sank as low as $70.14 - its lowest since late February before war broke out in the Middle East and pushed the price as high as $126.
European stock markets soar as US jobs woe eases interest rate hike fears
The FTSE 100 rose 1.7% to 10,652.87, while the Dax gained 2.2% in Frankfurt and the Cac was up 1.7% in Paris. On Wall Street, the Dow Jones hit a new record high.
Labor Force Participation Rate Falls To Lowest In 50 years
The US unemployment rate fell to 4.2% in June largely because 720,000 people left the labor force, pushing participation to 61.5%. Excluding the Covid-era jobs market, that's the lowest participation rate since June 1976. CNBC reports: The decline in the labor force marks a "massive exodus" driven by multiple factors, said Mike Reid, head of U.S. economics at RBC. "The unemployment rate fell to 4.2% as both the number of unemployed workers and the size of the labor force pulled back," Reid wrote in a post-report commentary. "This may well be a story of retirements but could also be a story of prior job seekers dropping out of the labor force."
[...] [T]he rolls of those counted as not in the labor force, a group that includes the unemployed and those not looking for work, jumped by 832,000. And while the establishment survey, which counts jobs filled, showed growth for the month of 57,000, the survey of households, which counts the actual level of those working, tumbled by 507,000. On a year-over-year basis, the labor force is down by just over 1 million, while the level of the employed also has fallen by 1.06 million and the ranks of the unemployed have risen by 40,000. The employment-to-population ratio slipped to 59% in June, the lowest since October 2021. All that has happened while the unemployment rate has risen by just one-tenth of a percentage point to 4.2%.
The drop in participation is sometimes attributed to a shrinking immigrant population and retiring baby boomers and Gen Xers. However, in June the biggest plunge came from what is defined as "prime age" workers, or those between the ages of 25 and 54. That rate fell 0.6 percentage point to 83.3%, its lowest since December 2023. "Looking at the statistics now, that argument doesn't hold up so well," North said of the retirement and immigration rationale. "I hate to use the word 'alarming,'" he added, but said the numbers are cause for concern.
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Taylor Swift and Travis Kelce's wedding guests 'on edge' ahead of highly anticipated nuptials... as the EXTREME security measure to track MSG visitors revealed
Sources told the Daily Mail exclusively how Swift and Kelce's loved ones - as well as the groom - are feeling ahead of the big day.
Olivia Attwood finally addresses those intimate pictures of herself on a boat with now-boyfriend Pete Wicks when she was married to Bradley Dack
Olivia Attwood has finally addressed the intimate pictures of herself on a boat with Pete Wicks that were captured in Ibiza last year.
Companies that add more AI also add more people
But doing so doesn't necessarily meet business needs
AI Agent Executes 'First' End-To-End Ransomware Attack
Sysdig says it has documented the first ransomware attack carried out end to end by an AI agent, which autonomously exploited exposed systems, stole credentials, established persistence, compromised a production database, and destroyed data. The research team named the attacker "JadePuffer" and said it gained initial access to an internet-facing Langflow instance by exploiting CVE-2025-3248. "The most striking characteristic, however, was the LLM's behavior," Sysdig director of threat research Michael Clark said in a blog post. An anonymous reader quotes an excerpt from The Register: JadePuffer's "self-narrating" payloads "contained natural language reasoning, target prioritization, and the kind of detailed annotations that human operators don't often write but LLM-generated code produces reflexively," Clark added. "The operation also adapted in real time, retrying failed steps within refined parameters. In one sequence, it went from a failed login to a working fix in 31 seconds." After exploiting CVE-2025-3248, a missing authentication vulnerability in Langflow that allows remote, unauthenticated attackers to execute arbitrary Python on the host, the AI agent began scanning for and collecting secrets, including LLM provider API keys, cloud credentials "with explicit coverage of Chinese providers" including Alibaba, Aliyun, Tencent, and Huawei, while also scanning for AWS, Azure and Google Cloud Platform, cryptocurrency wallets, and database credentials.
The AI also installed a crontab entry on the Langflow server to maintain persistence and call back to the attacker's infrastructure every 30 minutes. JadePuffer's intended target was a separate internet-exposed production server running a MySQL database and an Alibaba Nacos configuration service, we're told. Nacos is an open-source service-discovery and dynamic configuration platform developed by Alibaba and used in the cloud provider's microservices applications. The agent connected to the server's exposed MySQL port using root credentials, although Sysdig doesn't know how the attacker obtained them. These credentials weren't stolen from the victim's environment.
JadePuffer then attacked Nacos via multiple vectors including an authorization bypass flaw (CVE-2021-29441) and forging a valid JSON web token (JWT) using Nacos's default signing key. Additionally, using its root database access, the LLM injected a backdoor administrator into the Nacos backing database. It ultimately encrypted all 1,342 Nacos service configuration items using MySQL's built-in AES encryption function, and created an extortion demand, ransom note, Bitcoin payment address, and a Proton Mail contact [...]. However, according to the threat hunters, the victim can't recover the encrypted data, even if they paid the ransom demand, because the agent escalated "from row-level deletion to dropping entire database schemas, narrating its own targeting rationale," without backing up any of the encrypted data.
Read more of this story at Slashdot.
Zoo where three-year-old boy was 'thrown into crocodile enclosure by man with learning disabilities' speaks out about 'distressing' incident
Johnsons of Old Hurst in Huntingdon, Cambridgeshire, said everyone involved - including staff, paramedics and visitors - had acted with 'incredible speed and determination'.
Victoria Beckham looks Posh in Paris in an LBD after her estranged son Brooklyn revealed his wife Nicola Peltz is not a fan of his quirky trend choices
Victoria Beckham looked incredibly chic in an LBD as she stepped out in Paris on Thursday.
Toddler is found ALIVE and breathing inside hospital morgue five hours after Arizona doctor mistakenly declared him dead... as shocking investigation unearths grave mistakes
An Arizona toddler was found alive inside a hospital morgue nearly five hours after a doctor mistakenly declared him dead, a bombshell report has claimed.
Liverpool unveil permanent Diogo Jota memorial at Anfield on the eve of the first anniversary of his death
Reds supporters paid their respects to Jota throughout the 2025-26 season, singing his name in the 20th minute of every match, while his No 20 shirt was also retired by the club.
Tragic footballer Maddy Cusack's mother accuses Sheffield United of 'lying' and tells her 'nemesis' manager her daughter 'would be here today' had he not been appointed
Maddy was found dead at her family home in Horsley, Derbyshire, on 20 September 2023, at the age of 27. The inquest into her death began on Monday.
Sobbing mother charged after 2-year-old son chokes to death on popcorn
Olivia Bithorn, 36, sobbed in court on Monday as she pleaded not guilty to causing the death of her son, Luke Russell Jr., on the night of April 12.
Godot Game Engine No Longer Accepts AI Code
The Godot Foundation will stop accepting AI-authored code, agent-submitted pull requests, and AI-generated text in contributor communications after maintainers were overwhelmed by low-effort submissions. "It is time for us to recognize that these problems aren't going away and therefore we need to take steps to reduce the burden on maintainers while ensuring we still have a pipeline to mentor new contributors to become future maintainers," the Godot Foundation said in a blog post. Contributors may still use AI for limited "menial things" if they disclose it, but humans must understand, own, and be able to fix the code they submit. PC Gamer reports: The Foundation says the pileup of Godot pull requests pending review isn't all bad: It's a sign that interest in using and contribution to Godot is increasing. But the influx of contributions authored or submitted by AI is sapping the projects' maintainers of their willingness to confront the "already tedious" work of reviewing pull requests. "If your feedback on PRs is just being absorbed by a machine and not going towards mentoring a potential future maintainer, it becomes much harder to justify spending your free time on PR review," the Foundation said.
As the problem becomes increasingly unsustainable, the Godot Foundation says it's in the process of updating its contribution policies, focusing on "adding barriers to low-effort slop" contributions, encouraging maintainers to review code, developing new contributors into future maintainers, and crucially, requiring that all contributions come from humans who are accountable for their code -- and fixing it if it fails. "AI cannot take responsibility, and we can't trust heavy users of AI to understand their code enough to fix it," the Foundation said.
The Foundation says we can expect Godot's contributing policy to soon include explicit rejections of AI-authored code, noting that contributors should only use AI assistance for "menial things" and must disclose its use. Additionally, the Foundation will reject any AI-generated text in human-to-human communications, saying it's "a basic principle of respect" -- though it says machine translations "are still acceptable" if the original text was human-authored. "Things change every day with respect to the current suite of AI tools available," the Foundation said. "We will continue taking a conservative approach in our policies towards them, but we will re-evaluate as things evolve."
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Poppy Delevingne, 40, looks incredible in barely-there bikinis as she enjoys 24-hour Ibiza trip
Poppy Delevingne looked incredible as she flashed her abs in a barely-there purple bikini for stunning Instagram snaps on Thursday.
REVEALED: Why washing up and ironing can cut risk of dying from cancer
They may be a chore for most people, but scientists say ironing and doing the dishes can cut the risk of dying from cancer.
Turn that light out! Teenagers must go to bed an hour earlier or risk diabetes and obesity say scientists - as blood sugar condition reaches record levels in adolescents
Telling a teenager to go to bed early is often a thankless task, typically met with eye rolls and protests. But scientists say it could protect them against serious long-term health risks.
Eight British men are being probed 'for drugging their wives so they can be raped by others' in wake of Gisele Pelicot case
Police have launched multiple investigations into Britons suspected of drugging their wives and partners so they can be raped by others in the wake of the Gisele Pelicot case.
Long-term use of contraceptives taken by millions of women linked to brain tumours, study finds - but researchers identify safer options
In a study of three million women, researchers found pregnancy-preventing drugs named progestogens were linked to a greater risk of developing a brain tumour.