“Financial markets were thrown into turmoil on Friday as the Bloomberg terminals used by hundreds of thousands of financial industry workers went offline in an unprecedented global outage.  The glitch put the Bank of England and European Central Bank on alert, and saw a £3bn auction of UK government debt postponed for hours.  Bloomberg, which prides itself on its resilience and accuracy, blamed the outage on a ‘combination of hardware and software failures in the network’ dismissing the suggestion of cyber-attacks, which have affected other media organisations in the last year.  However, the havoc may lead to questions about the financial community’s dependence on the system.”