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Meta ordered to pay $25bn for years of deception over user data

A New Mexico judge ordered Meta to pay $25bn for systematically deceiving the public about user data handling over 11 years, the largest fine ever against the company. The penalty stems from the Cambridge Analytica scandal and false statements about data sharing.

4 min read

Musk Says Tesla-SpaceX Merger Is Under Active Consideration

Elon Musk says a merger between Tesla and SpaceX would be beneficial and is under active consideration by special committees at both companies, though shareholder approval would be required.

2 min read

UK Regulator Pushes Apple to Lower Fees and Widen Contactless Payment Access

The UK's Competition and Markets Authority is pushing Apple to lower fees and grant broader access to its contactless payment technology, arguing current restrictions block innovation. The proposals could enable new payment apps and services already available in the EU.

6 min read

Revolut Hit by Major Outage Affecting Payments and Fund Access

Revolut experienced a widespread outage affecting card payments, transfers, and ATM withdrawals on Tuesday morning, with over 1,500 users reporting issues. The neobank assured customers their funds and data remained secure.

2 min read

Farmer warns 4G mast deal has become 'nightmare' after rent halved and legal costs mount

A Welsh farmer hosting a 4G mast for over 20 years says negotiations have become a 'nightmare' after his rent was halved to £2,500 and he incurred £10,000 in legal costs. Changes to telecoms law have shifted power toward operators, he claims.

6 min read

Grid balancing costs hit nearly £50m a day as wind farms shut down

Grid balancing costs hit nearly £50m in a single day as wind farms were shut down due to transmission bottlenecks. September saw record monthly costs of £505m, with projections reaching £3.2bn annually. Infrastructure delays are driving expenses higher.

5 min read

Global tech stocks plunge as inflation fears and AI debt concerns trigger market turmoil

Global technology stocks have plunged amid surging US inflation and concerns over heavy debt in the AI sector. South Korea's Kospi 200 fell 8.1% to a six-month low, while Japan's Nikkei dropped 4.9%. The sell-off was triggered by September inflation data showing prices rose 3.7% year over year, t...

6 min read

Anthropic's quarterly revenue hits $16.8bn as IPO plans advance

Anthropic reported $16.8bn in quarterly revenue, a 45% increase, as it prepares for an expected year-end stock market listing. The figures underscore rapid growth in the AI sector amid infrastructure investment concerns.

2 min read

OpenAI's London staff earned average of £2.3m each in 2025

OpenAI's 110 London staff shared £255m in salaries and shares in 2025, averaging £2.3m each—58 times UK median earnings. The figures emerge amid safety concerns and a talent war for AI researchers.

3 min read

Congress Report Exposes Massive Dating-App Scam Crisis as Match Group Faces Pressure

A congressional report details how millions of fraudulent accounts on Match Group dating apps have victimized Americans, with one woman losing $100,000. The investigation calls for stronger protections.

6 min read

IMF warns AI valuation crash poses severe global financial stability threat

The International Monetary Fund warns that an artificial intelligence share price crash could trigger global financial instability, citing inflated valuations, mounting debt, and concentrated market exposure as key risks alongside cyber-attack threats.

7 min read

TFG London brands hit by cyber-attack as H&M probes separate breach claim

TFG London, owner of Hobbs, Whistles and Phase Eight, is investigating a cyber-attack affecting its brands' IT systems. Separately, H&M probes breach claims from notorious hacking group ShinyHunters. The incidents highlight growing vulnerabilities in retail sector data security.

4 min read