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Business Mar 26, 2026

NS&I Faces Hundreds of Millions in Payouts Over Missing Savings Scandal

National Savings and Investments (NS&I) is set to repay hundreds of millions of pounds to around 37…
National Savings and Investments (NS&I;) is preparing to make a significant payout to customers who have been affected by a savings scandal. The bank is expected to repay hundreds of millions of pounds to approximately 37,000 people whose money was misplaced due to historical failings.The government-backed savings institution is in discussions with the Treasury to compensate these customers, with the exact amount yet to be determined. This payout would not be considered compensation but rather a reimbursement for money that customers did not receive.The scandal involves reports of bereaved families not receiving money that was rightfully theirs, as well as complaints that NS&I; failed to pay out premium bond prizes to the families of deceased savers. The bank has apologized for the poor customer service, particularly during sensitive times.The pensions minister, Torsten Bell, is expected to address the issue in a statement to the House of Commons. NS&I; holds over £100bn for around 26 million customers and is one of the largest savings organizations in the UK. The bank recently faced criticism over the spiralling cost of its modernisation programme, which has risen from £1.3bn to £3bn.A spokesperson for NS&I; said: “We recognise that dealing with bereavement can be challenging and would like to apologise to anyone who has not received the customer service from NS&I; that they should expect, particularly at such a sensitive time.”
#National Savings and Investments #UK Treasury #UK Government
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Tech Mar 25, 2026

Apple Overhauls App Developer Platform with 100 New Metrics and Advanced Tools

Apple has significantly updated its App Store Connect service with over 100 new metrics and tools t…
The App Store Connect Transformation Apple has announced a significant update to its App Store Connect service, introducing over 100 new metrics and tools designed to help developers better understand and optimize their apps' performance across Apple's platforms. This overhaul comes at a critical time as the tech industry debates the future of app stores in the age of artificial intelligence. Expanded Metrics and Data Insights The updated App Store Connect now provides developers with comprehensive metrics across key areas including monetization, subscription data, and in-app purchase performance. Unlike third-party services that offer estimated data, Apple's metrics are based directly on the company's own data, providing more accurate insights into app performance. Among the new features are subscription reports that can be exported via an API, enabling developers to analyze their apps' performance offline or integrate Apple's data into their own systems. Developers can now gain deeper understanding of their users by analyzing behavior around download dates, sources, offer start dates, and other key engagement metrics. Competitive Analysis and Benchmarking Apple has introduced peer group benchmarks that allow developers to compare their performance against competitors in critical areas like download-to-paid conversions and proceeds per download. This feature provides valuable context for developers to assess their market position and identify opportunities for improvement. Apple emphasizes that it uses aggregated cohort data and differential privacy techniques to protect both user privacy and individual developer performance data, ensuring that insights can be gained without compromising sensitive information. Enhanced Data Filtering and Analytics Guide Developers can now apply up to seven filters simultaneously when viewing metrics in App Store Connect, allowing for more granular analysis of their app data. This enhanced filtering capability enables deeper dives into specific aspects of app performance. To support developers in making data-driven decisions, Apple has published a new App Store Analytics Guide in the Help section of App Store Connect. This comprehensive resource aims to help developers better understand the App Store's tools and features and develop effective strategies for app success. Strategic Timing Amid AI Evolution The timing of this App Store Connect overhaul is particularly noteworthy, as the industry witnesses rapid advancements in AI capabilities. There's growing speculation that AI agents could eventually replace traditional app stores, with some industry leaders suggesting that smartphone apps may become obsolete as AI-powered web services become more prevalent. Apple appears to be strategically positioning itself to strengthen its lucrative App Store ecosystem rather than allowing it to be disrupted by emerging technologies. The company is reportedly planning to announce an AI-powered Siri at its upcoming developer conference in June, which will be capable of completing tasks within apps, potentially bridging the gap between traditional apps and AI-powered services.
#Apple #App Store #Developers
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Business Mar 25, 2026

Epic Games Cuts Over 1,000 Jobs Despite Fortnite's Billions in Revenue

Epic Games, the creator of Fortnite, has laid off more than 1,000 staff despite generating billions…
Epic Games, the developer of the popular video game Fortnite, has announced that it will be laying off more than 1,000 employees. This move comes despite the company's significant revenue, with Fortnite generating around $4 billion a year and Epic Games estimated to have made $6 billion in revenue in 2025.The layoffs were announced by CEO Tim Sweeney in a note posted online, where he attributed the decision to a downturn in Fortnite engagement that started in 2025, resulting in the company spending more than it's making. Sweeney also cited industry-wide challenges, including slower growth, weaker spending, and tougher cost economics.Epic Games has been facing significant costs, including expensive legal actions against Google and Apple. The company's decision to lay off staff has raised questions about the sustainability of the live service game model, which has been adopted by many major publishers.The video game industry has been experiencing a period of turmoil, with many publishers struggling to maintain growth and profitability. The layoffs at Epic Games are a stark reminder of the challenges facing the industry, and the need for companies to adapt to changing market conditions.Analysts have noted that most live service games have peaked, but major publishers are still investing heavily in this area. The layoffs at Epic Games may be a sign of a broader shift in the industry, as companies re-evaluate their strategies and priorities.
#Epic Games #Fortnite #Tim Sweeney
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Technology Mar 25, 2026

Meta and YouTube Found Liable for Designing Addictive Products that Harmed Young User

A jury has found Meta and YouTube liable for designing addictive products that harmed a young user,…
A landmark jury verdict has found Meta and YouTube liable for deliberately designing addictive products that harmed a young user, KGM. The jury ruled that the tech companies were both negligent and failed to provide adequate warnings about the potential dangers of their products.The plaintiff, KGM, testified that she became addicted to YouTube at age six and Instagram at nine, which she claimed had deleterious effects on her wellbeing. By age 10, she said she had become depressed and was engaging in self-harm as a result. Her social media use allegedly caused her to have strained relationships with her family and in school.The jury awarded KGM $6m in damages, with Meta to pay 70% and YouTube the remainder. This lawsuit, over social media's alleged harm to young people, was the first of its kind to go to trial.KGM's lawyers argued that the companies' features, such as infinite scrolling and video autoplay, were designed to keep people on the apps and made the products addictive. The plaintiffs' arguments mirrored those brought against big tobacco in the 1990s, focusing on the addictive qualities of social media and the companies' public denial despite knowledge of their products' harms.Meta and YouTube have consistently denied wrongdoing and plan to appeal the verdict. A YouTube spokesperson said the video service was a responsibly built streaming platform, not a social media site. Meta said KGM's mental health issues were brought on by a difficult home life and social media use was not to blame.This trial is the first in a consolidated group of cases brought in California against Meta, TikTok, YouTube, and Snap on behalf of more than 1,600 plaintiffs. The next bellwether case is scheduled to go to trial in July.
#kgm #meta #youtube
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Business Mar 25, 2026

Crispin Odey Accused of Manipulating Sexual Assault Victim, FCA Tells Court

The Financial Conduct Authority (FCA) has accused former hedge fund manager Crispin Odey of attempt…
The Financial Conduct Authority (FCA) has accused Crispin Odey, a former hedge fund manager, of attempting to manipulate a victim of sexual assault into silence. According to evidence presented in court, Odey sent a text to his former employee in January 2022, warning her that the FCA could question her about him.Odey, who has previously accepted that he groped the woman without her consent in 2005, claimed he was under the influence of sedatives at the time. He now faces a number of sexual harassment allegations and has launched a £79m libel lawsuit against the Financial Times.The FCA's lawyer, Clare Sibson, argued that Odey was trying to manipulate the victim into silence and had a clear motive to discourage her from providing her account to the FCA. Odey, however, claimed he only wanted to ensure the woman would "tell the truth".The hearing continues, with Odey hoping to overturn the FCA's decision to ban him from the UK's financial services industry. In addition to the libel lawsuit, Odey is also facing civil personal injury claims by five women, including one who accused him of rape.
#odey #her #which
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Politics Mar 25, 2026

Israel Advances Death Penalty Bill for Palestinian Terrorism Convictions

Israel's parliament has advanced a bill to impose the death penalty on Palestinians convicted of te…
Israel's parliament has moved closer to implementing a contentious death penalty for Palestinians convicted of terrorism, with the Knesset's national security committee approving the measure on Tuesday. The bill, initiated by the far-right Otzma Yehudit party, now heads to its final vote.Critics, including human rights groups and UN experts, have strongly opposed the bill, citing concerns it violates international law and discriminates against Palestinians. The proposed law would allow for executions to be carried out within 90 days of sentencing, with hanging as the specified method.The bill also proposes that those sentenced to death be held in a separate facility with restricted visitation rights. Executions would be carried out without the option for clemency, a provision that has drawn sharp criticism from opponents.International condemnation has been swift, with UN experts urging Israel to withdraw the bill, stating it would violate the right to life and constitute cruel, inhuman, or degrading punishment. The European Union's diplomatic service has also condemned the bill, emphasizing that the death penalty is a violation of the right to life.In Israel, the bill has been backed by National Security Minister Itamar Ben-Gvir, who has worn a noose-shaped lapel pin in support of the measure. However, notable opposition has come from within Israel, including from centre-left lawmaker Gilad Kariv, who has raised concerns about the bill's moral and legal implications.
#Israel #Knesset #Palestinian Authority
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Tech Mar 25, 2026

UK iPhone Users Face Age Verification Checks for Services

Millions of UK iPhone users will now have to confirm they are 18 or older to access all available s…
Apple has introduced a new requirement for UK iPhone users, mandating them to confirm they are 18 or older to use certain services. This move, believed to be a first for a European market, comes as part of a broader effort to protect children online. The age verification process can be completed by uploading a credit card or scanning an ID, such as a driving license or national ID. Ofcom, the online regulator, has welcomed the change, calling it “a real win for children and families” and part of a wider drive to “keep young people away from harmful content”. The update is part of a software update and aims to restrict access to certain services and features for users under 18. However, some users have expressed concerns about the privacy implications of uploading personal information for age verification. Apple has assured users that if they already have an account, they can confirm their age with a payment method on file or other eligible methods. The company was unable to immediately specify which services, features, or actions would be inaccessible without age confirmation. This development follows the introduction of age verification gates on many web services, including pornography websites, to comply with the Online Safety Act. Ofcom noted that Apple’s decision makes the UK one of the first countries to receive new child safety protections on devices. The watchdog plans to report on the use of app stores by children and evaluate the effectiveness of age assurance by app store providers.
#Apple #iPhone #Ofcom
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World Economy Mar 25, 2026

New Green Thinktank Proposes 'Doge of the Left' to Save UK Taxpayers £30bn

A new green thinktank, Verdant, suggests that a 'Doge of the left' could save UK taxpayers up to £3…
A newly launched green thinktank, Verdant, proposes that a 'Doge of the left' could save UK taxpayers up to £30bn annually by rooting out waste, fraud, and tax avoidance. This initiative is part of a broader effort to influence the future manifesto of the Green Party, led by Zack Polanski.The thinktank, co-chaired by James Meadway, a former adviser to Labour shadow chancellor John McDonnell, and civil society campaigner Deborah Doane, argues that a crackdown on waste could free up significant resources. This approach differs from the ideologically driven methods of Elon Musk's former Department of Government Efficiency in the US.Meadway emphasized that the political right has monopolized discussions about savings in government spending, leading to disastrous effects. He stated that a 'Doge of the left' would focus on eliminating tax avoiders, profiteers, and fraudsters, ultimately delivering high-quality public services.The report suggests several measures, including:Appointing a 'chief savings officer' to identify waste and fraud.Granting the National Audit Office the power to halt overspending projects.Opening public procurement to more transparent competition.Establishing an internal consultancy function to reduce reliance on costly private consultants.The proposed £30bn in savings is largely based on independent estimates of annual losses due to fraud, waste, under-collection of tax, and lack of competition in procurement. Additionally, Verdant recommends scrapping £3.6bn in tax reliefs and government support for oil and gas producers.Polanski's economic policy speech last week highlighted sweeping changes, including rent caps and a new wealth tax. He also emphasized the importance of protecting consumers from rising energy prices and expressed skepticism about using GDP as a measure of economic performance.
#new #government #doge
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Tech Mar 24, 2026

Apple's Dual Strategy: Monetizing Maps While Unifying Business Tools

Apple is aggressively expanding its revenue streams by integrating advertising into its flagship Ma…
Apple is aggressively expanding its revenue streams by integrating advertising into its flagship Maps application and consolidating its disparate business tools into a single, unified platform. The tech giant announced that it will begin allowing advertisers to target customers on Apple Maps in the U.S. and Canada this summer, marking a significant shift in its monetization strategy. Simultaneously, Apple is rebranding its suite of business services under the umbrella of Apple Business, aiming to streamline operations for enterprises and compete directly with Google Workspace.The Blue Halo: Apple Maps Enters the Ad EraThe introduction of ads into Apple Maps represents a calculated move to diversify revenue without disrupting the user experience. Unlike the cluttered interfaces of competitors, Apple has implemented strict visual and functional constraints. Users will only see one ad per search result, distinguished by a small blue halo around the map pin and a clear label as a "Sponsored" place.Privacy-First Approach: Apple emphasizes that ad data is not associated with the user's Apple ID, ensuring that personal data remains on the device and is not shared with third parties.Auction-Based Model: Advertisers will utilize a standard bidding system, paying only for desired outcomes like views or taps, similar to the App Store's advertising model.Targeting Capabilities: Businesses can customize campaigns, scheduling ads for specific times or targeting precise locations, though the primary entry point requires an existing Apple Maps listing.Monetizing the Ecosystem: Financial ImplicationsBringing ads to one of Apple's most used first-party applications offers a low-risk opportunity to generate substantial revenue. As consumers have become accustomed to seeing ads in Google Maps, Apple is well-positioned to capture a significant share of the local search market. Industry analysts predict this move could add billions to Apple's bottom line as its advertising business continues its global expansion.Competition with Google Workspace IntensifiesThe launch of Apple Business serves as a direct counter to Google's dominance in the enterprise software space. By combining previously separate tools—Apple Business Connect, Apple Business Essentials, and Apple Business Manager—into one portal, Apple simplifies the administrative burden for companies.Unified Suite: Businesses now have access to a centralized directory, email, calendar, and device management tools under one domain.Cost-Effective for SMBs: Small businesses can utilize free tools like MDM (Mobile Device Management) and "Blueprints" for preconfigured setups, while larger enterprises can leverage advanced APIs.Pricing Structure: U.S. businesses can purchase upgraded iCloud storage starting at $0.99 per user per month, with AppleCare+ for Business available as an add-on.Future Outlook: A Unified Business EcosystemWith the new suite launching in 200 countries by April 2026, Apple is signaling its intent to become a holistic player in the enterprise sector. The combination of privacy-focused advertising and a streamlined, integrated business suite positions Apple to challenge incumbents by offering a seamless ecosystem that prioritizes user privacy and ease of management. As Apple continues to integrate hardware, software, and services, the boundary between consumer tech and enterprise solutions is blurring, creating a formidable competitive landscape for Google and Microsoft.
#Apple #Apple Maps #Advertising
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