IMF board member Marnix van Rij, representing the Netherlands, warns that cyberattacks pose a growing major threat to Dutch infrastructure, with the Port of Rotterdam, power grid and payment systems at risk of being brought to a standstill. The IMF ranks cyber threats among its main risks to global financial stability, alongside mounting government debt and a possible bubble in AI-related stocks. Van Rij says AI is both a driver of growth and a serious risk, since current models can already hack computer systems independently. He says governments, banks and other organisations must invest enough in cyber resilience, and that smaller businesses are especially vulnerable, welcoming existing Dutch subsidy schemes for them. A major cyber incident at Albert Heijn this week has raised concern in the Netherlands, though he was reluctant to assess how well prepared the country is.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on nltimes.nl ↗
Related news
- Speech by Board Member KOEDA in Kumamoto (Economic Activity, Prices, and Monetary Policy in Japan)
- Speech by Board Member KOEDA in Kumamoto (Economic Activity, Prices, and Monetary Policy in Japan)
- Africa economic resilience masks rising inflation threat and fragile buffers, IMF warns
- Attacks on Gulf energy infrastructure pose risks to Pakistan economic outlook : FinMin Aurangzeb
Pakistan's Finance Minister Muhammad Aurangzeb told AFP the country has procured enough energy supplies to last through November and is now planning for winter. He said Pakistan has so far withstood the shock from soaring energy prices caused by the Iran war, but attacks on infrastructure in Saudi Arabia and other Gulf countries are worrying for its longer-term outlook. Aurangzeb said Pakistan would avoid buying costlier spot LNG cargoes unless absolutely necessary, and warned that continued infrastructure damage would delay the return to normalcy. He also pointed to rising tax revenues, efforts to curb sales tax theft, and resistance to reforms from industry and vested interests. He also met IMF's Jihad Azour to review progress on revenue, inflation, growth and the current account.
- SpaceX's Starlink could pose 3 big risks to Apple, BofA warns
Analyst Wamsi Mohan of BofA says that if SpaceX's Starlink becomes a major wireless player, Apple faces three key risks: the carrier subsidy model, a competitive device taking share, and an integrated Tesla/SpaceX ecosystem including Grok AI. He estimates about 53 million iPhones a year move through the Big 3 US carriers, with a blended promotional credit of $800 per unit. A 10% shift of Big 3 postpaid phone subscribers to SpaceX could cost Apple about 5 million units, or $6 billion in revenue. Near term, carriers are likely to defend with heavier promotions, and because Starlink Mobile works on unmodified handsets, most switchers are expected to keep or buy iPhones.
- Navitas Collaborates with NVIDIA on 800 V-to-12 V Power Delivery Board for Next-Generation AI Infrastructure
Navitas Semiconductor (NVTS) and NVIDIA have developed a 24 kW power delivery board that converts 800 VDC directly to 12 VDC in a single stage, removing the existing 50 V-to-12 V IBC stage to improve efficiency, reliability and board space. The board targets 97% efficiency at full load and power density above 2,000 W/in³, using 16 NV6034 GaNFast FETs in a 400 mm × 60 mm form factor. It follows an earlier 20 kW 800 V-to-6 V board and will be showcased at the NVIDIA AI Factory MGX Wall at OCP Global Summit 2026. CEO Chris Allexandre said the design brings power closer to the GPU while increasing efficiency and power density.
Related markets
Latest news
- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.