Wednesday newspaper round-up: SpaceX, airlines, PM Law, Kevin Warsh

(Sharecast News) - The UK could face "hacktivist attacks at scale" if it becomes embroiled in a conflict and the impact could be similar to recent high-profile ransomware incidents, according to the head of the country's online security agency. Richard Horne, chief executive of the National Cyber Security Centre (NCSC), will warn today that nation states now account for the most significant incidents the NCSC deals with. - Guardian SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools. Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. - Guardian

Britain's airlines have called on the Government to present an emergency jet fuel plan or risk a summer of holiday chaos. Airlines UK said ministers must prepare for fuel shortages now if disruption to flights is to be avoided. The association's members include British Airways, Virgin Atlantic and easyJet. It came as Lufthansa, Germany's biggest airline, cancelled 20,000 flights in one of the biggest cuts of the crisis so far. The cuts to short-haul routes within Europe will last from May until October and save the airline 40,000 metric tons of jet fuel. - Telegraph

Suspected fraud at a collapsed UK law firm has left homeowners and bereaved families facing losses of £39.5m, according to the legal watchdog. The Solicitors Regulation Authority (SRA) confirmed an investigation into suspected fraud at PM Law because of claims regarding the "improper removal and misuse" of client funds. That includes theft of housing deposits and money left behind in wills. - Telegraph

Kevin Warsh, the nominee to be chairman of the Federal Reserve, has insisted he will not be President Trump's "sock puppet" and vowed to protect the US central bank's independence. Warsh, 56, an investor and former top Fed official, was cross-examined by Democrats and Republicans in the US Senate on Tuesday over his approach to monetary policy and potential conflicts of interest arising from his financial investments. - The Times