It’s the Russians, Stupid! Australian PM Holds Snap Press-Briefing to Outline Enormous ‘State-Based Cyber Attack’
It seems the geopolitical tensions continue to slowly ratchet higher. Australia has, as the lightly populated but highly-prized antipodean souther power-base, found itself at the centre of some outsized geopolitical skirmishes of recent months.
After having taken a lead in the international condemnation of China’s response to the COVID-19 outbreak (some say at the behest of their US allies), the Australian’s found themselve son the receiving end of a swift Chinese response, resulting in an effective trade embargo on all Australian barley sales to China. Aside from the supposedly unrelated trade spats, it seems that certain ‘state based actors’ are being fingered as the culprits behind a very lasrge scale cyber-attack on Australian government assets. Read more…..
Chart Of The Day
Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall street. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.