Breaking AI & Tech News Analyzed

Revolut, the UK banking app, has reported a 57% increase in profits for 2025, but warned that its support for energy-intensive sectors such as crypto and AI could lead to a reputational risk. The fintech company, which can now launch as a fully fledged UK bank after a five-year wait for regulatory approval, offers crypto trading and has applied for a banking licence in the US.The company's annual report highlighted that cryptocurrency mining and AI datacentres demand large amounts of power, with competition for electricity supplies getting steeper since the US-Israel war on Iran sent energy prices soaring over the past month. Revolut's chief executive, Nik Storonsky, hailed another “landmark year” for the company, which has 68.3 million individual customers and 767,000 business customers.Revolut's growth has been rapid, with revenues climbing 46% to £4.5bn and a £1.7bn pre-tax profit for 2025. The company plans to offer a wider array of banking services in the future, such as lending and other products, and has launched mortgage refinancing in Lithuania. Despite the potential risks, Revolut believes its digital-first approach and emphasis on financial inclusion could lead to it being “relatively insulated and even benefit from an orderly energy transition, relative to traditional financial institutions”.

The UK's Competition and Markets Authority (CMA) has concluded its investigation into vet chains, finding that pet owners have overpaid roughly £1bn in fees over five years. This significant finding has led to the implementation of new rules aimed at making the market work better for consumers.The veterinary sector has undergone a rapid transformation, with 60% of vet practices now wholly or partly owned by one of six large groups, three of which are owned by private equity investors. This shift has resulted in higher prices for pet owners, with large veterinary groups (LVGs) charging more for their services.The CMA's investigation revealed that pet owners are willing to pay more for services at LVGs, despite a strong preference for independent vets. The new rules will require vets to publish prices, itemize bills, and clearly indicate when a practice is part of a chain. Additionally, the fee for writing a prescription will be capped at £21, and complaints processes will be strengthened.The Veterinary Surgeons Act of 1966 is set to be updated, with proposals including the creation of a new regulator with powers over businesses and individuals, as well as protection of the job title 'veterinary nurse'. These changes aim to address the lack of transparency and accountability in the veterinary sector.The overhaul of the UK veterinary market serves as a lesson in how an old-fashioned market can be swallowed up by larger, more profit-oriented businesses. The CMA's review of the veterinary sector is part of a broader effort to examine private dentistry and other markets.

The international football break has arrived, and with it, a chance for national teams to play friendly matches against a variety of opponents. The FIFA Series 2026 is a new initiative that brings together teams from different continents in a series of four-team tournaments.Gianni Infantino, the president of FIFA, has stated that the series is 'about unlocking development potential for players, coaches and fans, while promoting football's universality and diversity through meaningful matches'. The series features a range of matches, including Puerto Rico hosting the curtain-raiser against the US Virgin Islands and American Samoa.The tournaments will be held in various locations around the world, including Rwanda, China, Indonesia, and Uzbekistan. Some of the participating teams include England, Brazil, Argentina, and Spain, who will be playing against a range of opponents from different continents.The FIFA Series 2026 aims to strengthen the game at every level and bring local communities to the global stage. As Infantino says, 'By connecting nations through competition, the Fifa Series aims to strengthen the game at every level – bringing local communities to the global stage.'

Manchester United Women are on the brink of a monumental week in their history, marked by two high-stakes matches that could define their season. The team, led by coach Marc Skinner, will first face Bayern Munich at Old Trafford in the Champions League quarter-final first leg on Wednesday. This comes on the heels of a crucial WSL derby against league leaders Manchester City at Old Trafford on Saturday. The Red Devils will then travel to Munich's Allianz Arena for the second leg against Bayern next Wednesday, seeking to make history by reaching a European semi-final. A successful week could see them establish themselves among Europe's elite, while a disappointing outcome might leave them questioning their progress. Manchester United's journey in the Champions League has been impressive, with their defense standing out as one of the best in the competition. Captain Maya Le Tissier has been a key player, recovering the ball more times than any other player in the Champions League this season. However, they face a formidable Bayern Munich side, which boasts highly skilled players like Klara Bühl and Pernille Harder. Despite injury challenges, including the absence of left-back Anna Sandberg and midfielder Ella Toone, the team received a boost with the return of Jayde Riviere. Skinner emphasized the importance of maximizing this moment, stating, “We’ve got two fantastic games against a brilliant opponent, and we’ve got to maximise the moment.”

The UK's Competition and Markets Authority (CMA) has taken a significant step to address concerns over the rising costs of veterinary services. Following a two-and-a-half-year investigation, the CMA has found that the £6.7bn market lacks strong competition, with large chains dominating the industry. As a result, pet owners have faced huge price rises and been left in the dark about bills.The CMA has ordered vets to cap prescription fees at £21 for the first medicine and £12.50 for any additional drugs. This move is expected to save pet owners hundreds of pounds. Additionally, vets must now inform pet owners that medicines may be cheaper online and provide a written estimate in advance for any treatment expected to cost £500 or more.Public satisfaction with the cost of services was found to be low, with the CMA noting that average prices of vet services had risen sharply, by 63%, between 2016 and 2023. The watchdog also found internal documents from some large veterinary groups that linked price increases to an expectation that pet owners would not react by purchasing less or switching away.The CMA has also proposed a cost comparison website to increase competition and drive down costs. Large groups will be required to make clear that individual vet practices are part of a chain, and pet owners can expect to see changes before Christmas, including standard price lists.The measures have been welcomed by some in the industry, with CVS and Vets for Pets expressing their support for the changes. However, the British Veterinary Association president, Rob Williams, noted that delivering highly skilled veterinary medicine is costly and that prices have risen sharply in recent years due to various factors, including higher costs experienced by all businesses.

Orlando City SC has officially signed Antoine Griezmann, the renowned French attacker from Atlético Madrid, in a landmark deal that marks a significant moment for the club, the city, and Major League Soccer (MLS). The 35-year-old Griezmann has agreed to a contract that runs from July 2026 through the 2027-28 season, with an option for the 2028-29 season. While financial terms of the deal have not been disclosed, Griezmann's arrival is seen as a major coup for Orlando City, reflecting the club's ambition and commitment to building a championship-caliber roster. Mark Wilf, team owner and chair of Orlando City, expressed his excitement about Griezmann's signing, highlighting his status as one of the most gifted and influential players of his generation. Wilf emphasized that Griezmann's decision to join Orlando City underscores the club's mission and culture, as well as its focus on consistently competing at a high level. Griezmann will join Orlando City as a designated player when the MLS secondary transfer window opens in July, pending medical clearance and the receipt of his international paperwork. He will be part of a team that has had a challenging start to the 2026 season, with four losses in their first five games, leading to the sacking of head coach Óscar Pareja in March. The French attacker expressed his enthusiasm for this new chapter in his career, citing the strong ambition and clear vision of Orlando City. Griezmann, who has 211 goals across all competitions for Atlético Madrid, is the club's all-time leading scorer. He has also had a distinguished career with 298 goals and 132 assists in 792 professional appearances in Spain. Griezmann's move to Orlando City sets him up for a new challenge in MLS, where he will be part of a growing rivalry with Lionel Messi's Inter Miami. His addition is expected to bring leadership, creativity, and a winning mentality to the team, making this a statement signing for the club and its ownership group.

UK Chancellor Rachel Reeves has announced that the government will not provide universal support to deal with potential future rises in energy bills. Instead, any government assistance will be targeted towards those who need it most.Reeves criticized the support package offered by the previous government under Liz Truss as unaffordable and irresponsible, stating that it benefited the wealthiest households and led to high levels of national debt.The chancellor emphasized that any future support will be provided within the government's fiscal rules to keep inflation and interest rates low. The government is currently focusing on longer-term measures to reduce energy bills for all households.Reeves also mentioned that she will review the planned fuel duty rise in September, but did not commit to delaying or postponing it. She will hold meetings with supermarkets and banks to discuss how they can support their customers and ensure that the Competition and Markets Authority has the necessary powers to detect and prevent price gouging.The chancellor's announcement comes amid speculation about the government's response to the energy crisis and its impact on households.

The Royal Moroccan Football Federation (FRMF) has commended the decision to award its country the 2025 Africa Cup of Nations (AFCON) title, which was initially stripped from Senegal. The FRMF welcomed the decision, stating it reaffirms the primacy of competition regulations and reinforces the conditions necessary for the proper conduct of international tournaments.The Confederation of African Football (CAF) announced on Tuesday that its Appeal Board had awarded the tournament to Morocco, the defeated finalists, on January 18. The final, which Senegal won 1-0 in extra time, was delayed for 14 minutes when the Senegalese players and staff returned to the dressing room in protest against the awarding of an injury-time penalty to Morocco in the second half.The FRMF maintained a clear and consistent position throughout the process, focusing on the strict application of governing regulations. Following its appeal, CAF confirmed that the applicable regulations were not properly enforced. Morocco appealed to CAF to overturn the result immediately after the final, which descended into chaos during and after the protest, and led to a pitch invasion, resulting in 18 Senegalese fans being handed prison sentences.The Senegal Football Federation (FSF) immediately responded to CAF's ruling by saying it would take its own appeal to the Court of Arbitration for Sport. Senegal's government alleged corruption following the decision and called for an independent international investigation into the matter.

Olympic gold medal-winning boxer Lin Yu-ting of Taiwan has been cleared to return to competition at the Asian Boxing Championships following a review of her sex eligibility.World Boxing, the sport’s Olympic-level governing body, announced its decision before the Asian championships, which begin March 29 in Mongolia.Lin and Imane Khelif of Algeria won gold medals at the 2024 Paris Olympics amid international scrutiny and misconceptions over both boxers’ sex.While both met the eligibility rules followed at the time by the International Olympic Committee (IOC), which ran the Paris tournament, the two fighters’ success led to a politically charged debate over those standards.World Boxing took over as the sport’s governing body last year, and it implemented a sex eligibility policy last August requiring all fighters to take a one-time genetic test designed to identify the presence of a Y chromosome.Lin has been absent from several international competitions since World Boxing introduced the test last summer.“We recognise that this has been a difficult period for the boxer and the CTBA and appreciate the way they have approached the appeal process and their acknowledgement of World Boxing’s requirement to ensure that its eligibility policy, which is designed to deliver safety and sporting integrity, has been correctly implemented and followed,” World Boxing secretary-general Tom Dielen said in a statement.Taiwan’s boxing association described the decision as a “tremendous relief” for Lin.“We are pleased that World Boxing’s independent medical experts thoroughly reviewed all evidence and confirmed that she has been female since birth,” it said in a statement.Lin “will make her highly anticipated return to the ring at the Asian Boxing Championships”, the statement said.