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May 12, 2026

Cyberattacks Drain $238B from German Economy

Berlin: Cyberattacks cost the German economy an estimated pound 202 billion ($238 billion) in 2025, authorities announced Tuesday, as officials warned of a growing wave of sophisticated, AI-driven crimes launched from abroad. Presenting the government…

US Inflation Surges to 3.8% in April, Marking 2-Year High

Washington: The annual inflation rate in the US soared to its highest level since May 2023, hitting 3.8% in April, as officially reported on Tuesday. This increase surpasses market expectations, which were pegged at 3.7%, and reflects a significant ju…