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Business Mar 24, 2026

Mike Lynch's Estate Ordered to Pay £920m to Hewlett-Packard

The estate of late British tech tycoon Mike Lynch has been ordered to pay £920m to Hewlett-Packard …
The estate of late British tech tycoon Mike Lynch has been ordered to pay £920m to the technology company Hewlett-Packard (HP) two years after he died in a superyacht disaster.The ruling by London’s high court said the estate was liable to pay the sum as compensation, costs, and interest for HP’s acquisition of Lynch’s firm Autonomy, after a UK legal ruling in 2022 that he duped the US firm into paying £8.2bn for his software firm Autonomy.The deceased entrepreneur’s estate has been estimated to be worth about £500m, so the damages could leave it bankrupt.Lynch and six others, including his 18-year-old daughter Hannah, died in August 2024 on a trip with friends and family celebrating his acquittal on US fraud charges relating to HP’s $11bn takeover of Autonomy in 2011.HP accused Lynch and Autonomy’s former chief financial officer, Sushovan Hussain, of inflating the firm’s value before the takeover. HP wrote down Autonomy’s worth by $8.8bn (£6.5bn) within a year of the purchase.The US tech company has sought damages in UK civil proceedings of up to $4.55bn from the estate of the late tycoon, who was once hailed as Britain’s answer to Microsoft founder Bill Gates.However, the level of the claim was ruled last year by the high court to be “always exaggerated”, as it concluded that Lynch’s estate owed £700m in compensation. The £920m figure includes costs and interest.Lawyers for Lynch’s estate sought permission to appeal against Tuesday’s ruling, which was refused. However, the estate can apply directly to the court of appeal.HP welcomed Tuesday’s decision, which it said in a statement “brings us another step closer to resolution of the dispute”.A spokesperson for the Lynch family said: “We are disappointed by the court’s refusal and believe an application to the court of appeal should follow in the interests of justice. HP’s $5bn damages claim has already been shown to be vastly exaggerated.“Today’s judgment describes the exaggeration as ‘without foundation’ and the purposes for which it was ‘calibrated, publicised and pursued’ as objectionable, misleading shareholders and extending the litigation unnecessarily.“Dr Lynch’s acquittal in the US, where witnesses were properly cross-examined, exposed the truth. The damage to Autonomy was the result of HP’s own actions and failures, not wrongdoing at Autonomy.”
#Mike Lynch #Hewlett-Packard #Autonomy
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Technology Mar 24, 2026

NASA Shifts Focus from Lunar Orbit Station to $20bn Moon Base

NASA is canceling plans for a lunar orbit space station, Gateway, and will instead use its componen…
NASA has announced a significant shift in its lunar exploration strategy, cancelling plans for a lunar orbit space station known as Gateway. Instead, the agency will utilize the station's components to construct a $20bn base on the moon's surface over the next seven years.The decision was made by NASA's new chief, Jared Isaacman, who was sworn in at the agency in December. Isaacman outlined the changes to the agency's flagship moon program, Artemis, at an event at NASA's Washington headquarters."It should not really surprise anyone that we are pausing Gateway in its current form and focusing on infrastructure that supports sustained operations on the lunar surface," Isaacman told delegates at the event.The Lunar Gateway station, largely already built with contractors Northrop Grumman and Lanteris Space Systems, owned by Intuitive Machines, was meant to be a space station parked in a lunar orbit. Repurposing the craft for a lunar surface base is not simple, but Isaacman emphasized that the agency can repurpose equipment and international partner commitments to support surface and other program objectives.The changes imposed by Isaacman on the flagship US moon program in recent weeks are reshaping billions of dollars' worth of contracts under the Artemis effort, sending companies scrambling to accommodate the extra urgency as China makes progress toward its own 2030 moon landing.
#moon #lunar #station
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Commentisfree Mar 24, 2026

Trump's Sanctions Against UN Expert Threaten Free Speech

The Trump administration's sanctions against a UN human rights expert who documented Israel's atroc…
The recent sanctions imposed by the Trump administration against a UN human rights expert have raised alarm bells about the state of free speech and the ability to criticize government policies without fear of retribution. The expert, Francesca Albanese, was appointed by the United Nations to monitor human rights in occupied Palestine. Her offense was recommending that the International Criminal Court (ICC) issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant for war crimes committed in Gaza. The sanctions, which amount to a "civil death," have effectively silenced Albanese, preventing her from opening a bank account, selling her Washington DC house, or drawing a salary from American universities that employed her. This has had a ripple effect, causing fear among faculty and students on campuses who are now hesitant to criticize Israel's human rights record. The executive order signed by Trump threatens to criminally prosecute anyone who provides Albanese or other designated figures with "funds, goods, or services." This vague language has led to a Maine university canceling an academic conference where Albanese was to make an unpaid appearance via Zoom. The authors of the article, a group of North American university professors and human rights lawyers, argue that this has created a chilling effect on free speech, deterring people from expressing their views for fear of facing sanctions or arrest. They have filed a "friend-of-the-court" brief in support of a lawsuit filed by Albanese's husband and daughter against Trump's unconstitutional sanctions. The targeting of Albanese has significant implications beyond those focused on Israel's human rights record. It should concern anyone who believes in free speech and the ability to challenge those in power without fear of retribution. When a government claims the authority to police ideas, everyone's liberty is on the line.
#human #rights #israel
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Technology Mar 24, 2026

AI-Generated Child Sexual Abuse Material Surges Online, Watchdog Reports

The Internet Watch Foundation reported a 14% increase in AI-generated child sexual abuse material f…
The amount of AI-generated child sexual abuse material found online surged by 14% in 2025, according to the Internet Watch Foundation (IWF). The watchdog identified 8,029 AI-made images and videos of realistic child sexual abuse material (CSAM) last year.The IWF reported a 260-fold increase in videos, with 65% of the 3,443 videos classified as category A, the most severe type under UK law. This is compared to 43% of non-AI videos. Kerry Smith, IWF chief executive, emphasized that advances in technology should not come at the expense of a child's safety and wellbeing.The IWF also found that offenders are discussing the potential of AI systems to create more realistic and violent content, including adding audio to videos or manipulating imagery of real children. The UK government has announced plans to test AI tools to prevent CSAM and introduced legislation to ban AI models designed to generate child sexual abuse material.Eight out of 10 UK adults want the government to introduce legislation ensuring AI systems are developed with safety as a priority. The IWF operates a hotline and has a global remit to monitor child sexual abuse content.
#child #material #abuse
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Sport Mar 24, 2026

London's 2029 World Athletics Championships Bid Threatened by West Ham Stadium Stance

Sebastian Coe warns that West Ham's refusal to vacate their stadium in September could jeopardize L…
London's bid for the 2029 World Athletics Championships is facing a significant challenge due to West Ham's refusal to allow their stadium to be used in September. Sebastian Coe, the head of World Athletics, has expressed concerns that this stance could scupper the bid, despite strong backing from the UK government and the mayor's office.World Athletics has specified that the championships should be held as the grand finale to the athletics season, typically in September. However, West Ham United has a 'contractual right' ensuring their games take priority during the football season and has shown no indication of changing their stance.“It's really difficult for me because I have a view, but I have to be scrupulously neutral, because London is clearly not the only bid out there,” said Lord Coe. “All I would say is that I would hope that there is a recognition that outside the Olympic Games and the World Cup, this is the third-largest sporting gathering in a four-year cycle.”Coe also mentioned that staging the championships earlier in the summer to avoid clashing with the football season is not a viable option, as it would contradict the organization's goal of concluding the athletics season with the championships.The initial deadline for bids for both the 2029 and 2031 world championships is 3 April, with final submissions due on 5 August. The winning cities will be announced in September.
#world #championships #west
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Commentisfree Mar 24, 2026

Huw Edwards Criticizes Channel 5 Drama Depicting His Downfall

Former BBC newsreader Huw Edwards has spoken out against Channel 5's upcoming drama about his downf…
Huw Edwards, the former iconic BBC newsreader, has publicly denounced Channel 5's forthcoming dramatization of his downfall. In a lengthy statement, Edwards expressed his disapproval of the drama, stating that mental illness is often misunderstood and should not be used as an excuse for criminal behavior. Edwards has been open about his struggles with persistent mental illness over the past 25 years. However, his decision to use this as an explanation for his actions has been met with criticism, particularly given the severity of his condition and the conviction for possessing multiple indecent images of children, including category A images. The drama, titled 'Power: The Downfall of Huw Edwards,' stars Martin Clunes as Edwards and has sparked controversy over its portrayal of Edwards' actions. Edwards has questioned the production values of the drama and suggested that it will not accurately convey the reality of his situation. He also expressed concerns about the allegations made against him and whether those involved were paid for their contributions. Edwards' statement has been seen as an attempt to shift the focus away from his own actions and onto his mental health struggles. Critics argue that this approach downplays the severity of his crimes and the impact on his victims. The drama is part of a larger trend of 'true story' dramas that have become increasingly popular in recent years. Marina Hyde, the author of the article, criticizes Edwards for not taking responsibility for his actions and instead using his mental illness as an excuse. Hyde also questions Edwards' motives, suggesting that he is trying to rehabilitate his image and portray himself as a victim.
#edwards #huw #not
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News Mar 23, 2026

Arab and Muslim Ministers Unite Against Iran's Retaliatory Strikes

Foreign ministers from Arab and Muslim countries convened in Riyadh to address Iran's increasing re…
The ongoing conflict in the Middle East has taken a significant turn as foreign ministers from Arab and Muslim countries gathered in Riyadh for urgent discussions. The meeting, which included representatives from 12 countries, aimed to muster a common response to Iran's increasing retaliation against US assets and infrastructure in the region.The talks were held as Iran targeted several energy facilities across Saudi Arabia, the United Arab Emirates, and Qatar in retaliation against Israel's strike on the South Pars gasfield, Iran's biggest source of energy. This escalation comes after a series of Israeli assassinations of top Iranian security officials.The joint statement issued on Thursday confirmed that the countries present at the meeting, including Qatar, Azerbaijan, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Pakistan, Saudi Arabia, Syria, Turkiye, and the United Arab Emirates, asserted the right of states to defend themselves, citing Article 51 of the United Nations Charter on defensive action.The foreign ministers condemned deliberate Iranian attacks with ballistic missiles and drones that have struck various targets, including residential areas, water desalination plants, oil facilities, airports, and diplomatic positions. They called on Iran to:Halt its attacks.Stop "provocative actions or threats" aimed at its neighbours.Cease supporting, financing, and arming pro-Iran proxy groups based in Arab states.Refrain from actions or threats aimed at blocking the Strait of Hormuz or threatening maritime security in the Bab al-Mandeb strait.The meeting yielded a unified response to Iran's increasingly unpredictable behaviour, but the joint statement was vague about how countries would follow this up. Saudi Foreign Minister Faisal bin Farhan Al Saud emphasized his country's right to defend itself and hinted that Saudi Arabia and other Gulf states would act if necessary, adding that they have "very significant capacities and capabilities that they could bring to bear should they choose to do so".The Iranian leadership's response to these developments remains unclear, with New Supreme Leader Mojtaba Khamenei having not been seen in public since his appointment. The Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that Iranian forces had responded to the "deceiving and lying enemy" that had targeted energy facilities in the country, and that they had "entered a new phase of warfare" to defend Iran's infrastructure.
#iran #saudi #meeting
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World Economy Mar 23, 2026

Cuba Opens Doors to Exile Investment, Seeks Economic Boost

Cuba invites Cuban Americans and exiles to invest in businesses on the island, removing impediments…
Cuba has extended an invitation to Cuban Americans and other exiles living abroad to invest in and own businesses on the island, effectively opening its doors to a community that has traditionally agitated for harsh economic sanctions against the Communist government. The move is part of a broader effort to revive Cuba's collapsed economy, which has been exacerbated by a US-imposed oil blockade and sanctions leading to extended blackouts and shortages of fuel, food, and medicine. Cuban Deputy Prime Minister Oscar Perez-Oliva Fraga stated that there are no limitations for Cubans living abroad to participate in the country's development, including investing in larger projects, particularly in agriculture. This policy shift comes as Cuba has begun talks with the US, and US officials have indicated a desire for an economic opening as part of any bilateral agreement. The issue of allowing emigrants to invest in island businesses is sensitive, given the often-hostile stance of some exile communities towards the Cuban government. Economist Paolo Spadoni described the policy shift as 'pragmatic' but noted that Cuba should have initiated it years ago. He added that this change could be a catalyst for deeper US-Cuba economic ties, creating significant opportunities for US companies. With over 1 million Cubans having emigrated since 2021, this move represents a potential source of investment still largely untapped. The policy change occurs against the backdrop of strained US-Cuba relations, with US President Donald Trump having cut off Venezuelan oil shipments to Cuba and threatening tariffs on countries selling oil to Cuba.
#cuba #investment #list
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World Economy Mar 23, 2026

US Lawmakers Introduce Bill to Ban Prediction Markets on Sensitive Events

US Senators Chris Murphy and Greg Casar are introducing the BETS OFF Act to prohibit wagers on gove…
US lawmakers, including Senator Chris Murphy and Representative Greg Casar, are taking steps to regulate prediction markets by introducing the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. This legislation seeks to prohibit wagers on sensitive events such as government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. The proposed bill comes in response to concerns that betting platforms like Kalshi and Polymarket have allowed users to profit from geopolitical conflicts, including the US and Israel's joint strikes against Iran and the abduction of Venezuelan President Nicolas Maduro. Critics argue that these platforms enable individuals with insider knowledge to influence government decisions and profit from them. Murphy emphasized that the legislation aims to prevent the monetization of sensitive events, stating, "What happens to us spiritually when every moral question in this country becomes a market?" He added that certain matters should not be influenced by the potential for profit. The lawmakers cited examples of significant profits made by users on Polymarket, including a $500,000 profit from a bet on Iran's supreme leader being out of power hours before a strike. They suggested that such trades may have been made by individuals with insider knowledge from within the White House or close to the administration. The BETS OFF Act is part of a broader effort to regulate the prediction market industry. Other proposed legislation includes measures to establish federal consumer protections, ban elected officials from profiting from prediction markets, and impose age verification for users.
#prediction #murphy #markets
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