The 10 most important things in the world right now

Australian First Nation men dressed in traditional attire perform a smoking ceremony at Government House in Sydney, Australia. The flags will fly permanently alongside the Australian and NSW flags for the first time. Photo: Brendon Thorne/ Getty Images.

Hello! Here’s what you need to know on Wednesday.

1. Companies around the world are being hit by another massive ransomware attack. The attack appear to be similar to the WannaCry outbreak, which spread to 99 countries, and has already crippled companies around the world, including ad giant WPP. Here’s who may be behind the massive cyberattack.

2. The attack came just hours after the UK announced it could start responding to cyberattacks with military action. UK defence secretary Sir Michael Fallon said: “We’re building up a new 21st Century Cyber Corps, a band of expert volunteers, leaders in industry, who are going advise us on how to keep ahead in the cyber space race.” Meanwhile Ukraine seems to have taken a different approach to the cyber threat.

3. British chancellor Philip Hammond has warned against a Brexit that would leave Britain at the “dangerous cliff edges”. He has warned that “the risk of a bad outcome that does not promote jobs, growth and prosperity is a real one”.

4. The UK labour party claims if the Tory-DUP deal was fairly replicated then the rest of UK would be owed £34 billion in public funding. The calls follow Theresa May’s deal to an extra £1 billion in funding for Northern Ireland over the next two years, as part of their “confidence and supply” agreement with the Democratic Unionist Party.

5. Janet Yellen says she doesn’t think the next financial crisis will be “in our lifetimes”. At an event in London, the Fed chair said: “Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be.”

6. Nicola Sturgeon has delayed her plans for a second Scottish independence referendum following election losses, acknowledging that the Scottish people are tired of “making political decisions”.

7. This video shows missile defense is basically useless against Russian or North Korean nukes. Oddly enough, it comes down to balloons.

8. The Russian military says it has successfully test-fired a submarine-launched intercontinental ballistic missile. The ministry said the missile’s mock warheads reached their designated targets on the opposite side of Russia — the Kura shooting range on the far eastern Kamchatka Peninsula.

9. The Philippines says there will be no negotiations with Islamist fighters who seized a southern city. It follows reports that a rebel leader requested trade a Catholic priest for his parents being held by police.

10. Japan is so worried about North Korea’s missiles, there’s a waiting list for bomb shelters. And they’re not cheap. A 13-person bomb shelter goes for more than $293,000.

And finally…

The 13 biggest ways your iPhone will change after you install the new test version of iOS

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