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Friday newspaper round-up: Royal Mail, rail strikes, Tim Cook

(Sharecast News) - Royal Mail has been hit by a ransomware attack by a criminal group, which has threatened to publish the stolen information online. The postal service has received a ransom note purporting to be from LockBit, a hacker group widely thought to have close links to Russia. Royal Mail revealed that it had been hit by a "cyber incident" on Wednesday, and said it was unable to send parcels or letters abroad. The company asked customers to refrain from submitting new items for international delivery, although domestic services and imports were unaffected. - Guardian Union leaders have agreed to work jointly with train operating companies on a revised pay offer after a meeting to resolve the long-running dispute over remuneration, jobs and conditions. Representatives from the RMT and TSSA unions met on Thursday with the Rail Delivery Group (RDG), representing train operating companies, in an effort to break the deadlock after months of disruption to the network from 24-hour strikes. - Guardian

Tim Cook, chief executive of Apple, is to have his pay package cut by more than 40 per cent to $49 million this year, at his own request. In a US stock market filing last night the tech company said that Cook, 62, will have a "target compensation of $49 million in 2023, a decline of around 40 per cent compared to what he earned in 2022". The Apple chief's latest pay was based on "balanced shareholder feedback, Apple's exceptional performance and a recommendation from Mr Cook," the iPhone maker said in the filing. - The Times

The British Army is to use 3D metal printed parts to repair armoured vehicles for the first time in a move which could extend the life of much of the force's equipment. The pieces, made using a layering process by adding small amounts of steel to build a part, were fitted to periscopes on Titan armoured bridge launchers and Trojan minesweepers. - Telegraph

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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