This weird post-pandemic, inflation-addled economy has been scrambling preconceived notions for years. And it is with that background that anyone should read this unquestionably good economic news: Inflation is unquestionably cooling.

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A teenager has been found responsible for a hacking spree in which victims’ savings were stolen and major companies, including the maker of the best-selling Grand Theft Auto video games, were blackmailed. Arion Kurtaj, 18, and a 17-year-old who cannot be named for legal reasons, were described by the prosecution as the “key players” in the LapsusS hacking group. Psychiatrists had assessed Kurtaj as unfit to stand trial so the role of the jury in his case was to decide whether he had committed the acts alleged against him. On Wednesday, following a two-month trial at London’s Southwark Crown Court plus nine hours and 19 minutes of deliberations, a jury unanimously found Kurtaj had carried out 12 offences in his spree of innovative hacks. These offences included six counts of carrying out an unauthorised act to impair the operation of a computer, three counts of blackmail, two fraud offences, and of failing to comply with a section 49 notice to disclose a key when he did not give up the password to his mobile phone when asked to by police. He tried to blackmail Rockstar Games by threatening to “leak the stolen source code for the Grand Theft Auto sequel onto internet forums”, the indictment stated. Kurtaj and the youth were also accused of hacking software company Nvidia in February 2022 before threatening to “release Nvidia Corporation’s intellectual property on to the web” if it did not pay them. The 17 year-old showed no emotion as he was found guilty of one count of fraud, a charge of blackmail and also of having carried out an unauthorised act to impair the operation of a computer. His mother wept uncontrollably after the verdicts were read out. Keep in mind Arion Kurtaj's psychological make-up, and in particular his psychological condition, his education or lack thereof - could he be the highly intelligent, competent genius that the prosecution set out at the beginning? Arion Kurtaj's defence counsel David Miller Prosecutors alleged Kurtaj and the 17-year-old, aided by unknown associates, hacked the servers and data files of broadband provider BT and mobile operator EE before demanding a four million US dollar ransom on August 1 2021. But the 17-year-old was found not guilty of a charge of have carried out an unauthorised act to impair the operation of a computer and a further charge of blackmail in relation to BT. He previously pleaded guilty to one offence under the Computer Misuse Act and one count of fraud. Neither defendant gave evidence during the jury trial. Sentencing dates at the same court have yet to be fixed for either defendant. This has been a complex and sensitive investigation involving a multi-agency response and there have been a number of challenges throughout the police investigation and judicial process Detective Superintendent Richard Waight A case management hearing has been set for Kurtaj on September 21, while it is hoped that a sentencing date may be fixed for the 17 year-old on November 9. During the trial, the court was told that Kurtaj had been living in care since the age of 14 and had been housed for a period in a Travelodge “for his own protection”. Kurtaj’s defence counsel David Miller described the youngster as “the most vulnerable of adolescents” who was now pitted against huge companies and corporations worth billions, who had unlimited funds and unlimited resources including the FBI, National Crime Agency, Interpol and City of London Police. During closing speeches, he told the jury: “Keep in mind Arion Kurtaj’s psychological make-up, and in particular his psychological condition, his education or lack thereof – could he be the highly intelligent, competent genius that the prosecution set out at the beginning?” After the verdicts, Detective Superintendent Richard Waight, of the City of London Police, said: “This has been a complex and sensitive investigation involving a multi-agency response and there have been a number of challenges throughout the police investigation and judicial process. “We thank the judge and jury for being patient throughout the trial, during deliberations and for the subsequent verdicts.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Social media firms should reimburse online purchase scam victims – Barclays Hozier would consider striking over AI threat to music industry Snapchat experiences ‘temporary outage’ as My AI chatbot posts own Story

PHILADELPHIA--(BUSINESS WIRE)--Jun 21, 2023--

The Commerce Department is set to report third-quarter gross domestic product Thursday. It's the broadest measure of economic output, and it'll likely show that the US economy expanded at a staggeringly rapid pace from July through September, despite higher interest rates, depleted pandemic savings and high inflation.

Iran’s President Ebrahim Raisi says that relations with the United States can move forward if the Biden administration demonstrates it wants to return to the 2015 nuclear deal, and a first step should be easing sanctions