Recession clouds gather in Germany, Europe’s largest economy

FRANKFURT, Germany (AP) — Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses. The index compiled by the Munich-based…

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Australia mulls tougher cybersecurity laws after data breach

CANBERRA, Australia (AP) — The Australian government said on Monday it is considering tougher cybersecurity rules for telecommunications companies and blamed Optus, the nation’s second-largest wireless carrier, for an unprecedented breach of personal data from 9.8 million customers. Optus said last Thursday it had become aware the day before of the cyberattack which obtained the…

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‘Fat Leonard’ may be Venezuela bargaining chip, experts say

SAN DIEGO (AP) — A fugitive defense contractor nicknamed “Fat Leonard” who claims to have incriminating sex photos of U.S. Navy brass could become the latest bargaining chip in Venezuelan President Nicolas Maduro’s efforts to win official recognition from the Biden administration, according to experts. But it’s unclear how hard the U.S. government will fight…

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