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Crispin Odey, a 67-year-old hedge fund tycoon, appeared in a London courtroom on the first day of a three-week trial to challenge the Financial Conduct Authority's (FCA) decision to ban him from the UK's financial services industry. The ban was imposed due to allegations of sexual harassment made by several women. Odey testified that he did not recall cornering a female employee after a boozy lunch and saying to her 'I could attack you now'. However, the employee's diary entry, dated January 24, 2020, confirmed the incident, stating: 'Comes back from boozy lunch and corners me in the corridor. Him: I could attack you now. Me: Please don’t. Him: You could sue me for that.' Odey admitted to having groped a colleague's breasts without her consent in 2005, which he attributed to being under sedatives after root canal treatment. He claimed the woman accepted his apology and continued to work for the firm for another eight years. The FCA alleges that Odey showed a 'lack of integrity' by attempting to frustrate an investigation into allegations of sexual harassment. Odey denied these allegations, stating that he had attempted to have the FCA rule on whether he was fit and proper first. Odey is also facing a £79m libel lawsuit against the Financial Times and civil personal injury claims by five women, including one who accused him of rape. The hearing continues.

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.

The UK defence industry is in a state of crisis as a long-delayed military spending plan has left firms 'bleeding cash' and in 'paralysis'. The six-month delay to the defence investment plan (DIP) has resulted in some companies going bust, while others are struggling to stay afloat.Industry groups have warned that the delay has left the UK behind Germany and the US in attracting investment from global investors. The DIP, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a £28bn funding gap over the next four years.Samira Braund, the defence director of the ADS Group trade body, described the situation as 'paralysis', stating that the government has not put effective mitigation plans in place. The boss of BAE Systems, Europe's biggest defence contractor, has urged ministers to publish the plan, while some smaller firms have been forced out of business.One such company was MTE Heat Treatment, a Yorkshire-based manufacturer with just over 30 employees that helped make turbine blades for jet engines. It fell into administration in February. Andrew Kinniburgh, the head of the trade body Make UK's defence arm, warned that the delay risks deterring investment in the UK at a time when the US and Europe are also raising military spending.The DIP will show how the government plans to fund its strategic defence review, the blueprint for transforming the military amid growing threats from Russia, rising commitments to Nato and against the backdrop of the US-Israel war on Iran. Ministers accepted all the review's recommendations when it was published last June, but the head of the military, Air Chief Marshal Sir Richard Knighton, told MPs in January that defence cuts would be needed without more funding.

David Pocock, an Australian politician, has launched a furious attack on the government, accusing it of failing to effectively regulate gambling advertising. In a passionate speech, Pocock expressed his deep concerns about the impact of unregulated gambling ads on society.The politician's comments come amid growing criticism of the government's approach to gambling reform. Pocock's speech highlights the need for stricter controls on gambling advertisements to protect vulnerable individuals and communities.While specific details of Pocock's speech are not available, his criticism of the government's inaction on this issue is likely to intensify debate on the need for more effective regulation of the gambling industry.

Japan will begin releasing its largest-ever oil reserves this week, according to Prime Minister Sanae Takaichi. The decision aims to cushion the country against possible energy shortages triggered by the ongoing US-Israel war on Iran and its impact on tanker traffic through the Strait of Hormuz. The government has approved the release of 15 days' worth of private-sector reserves and will start releasing state-owned reserves on Thursday. This move follows concerns that the conflict in the Middle East will continue to disrupt oil supplies. Japan, a resource-poor nation with a significant economy, imports over 90% of its crude oil from the Middle East, making it particularly vulnerable to supply chain disruptions in the region. The release includes about 80 million barrels of stockpiled oil, equivalent to 45 days of domestic demand. This is 1.8 times the quantity made available after the Fukushima Daiichi nuclear power plant disaster in 2011. As of last year, Japan held reserves of approximately 470 million barrels of oil, enough for 254 days of domestic consumption. In addition to the oil reserve release, the government has introduced subsidies for fuel products to cap gasoline prices at about ¥170 ($1.10) per liter. This move comes after the average retail price of gasoline reached a record ¥190.8 per liter. The subsidies will be reviewed weekly based on oil prices. The Strait of Hormuz crisis has also triggered concerns among Japanese consumers about the availability of essential goods, including toilet paper. In response, the trade and industry ministry has advised consumers against hoarding toilet paper, urging them to make rational purchasing decisions based on accurate information.

The UK government has rejected a call from the Offshore Energies UK trade body to boost North Sea oil and gas production, despite warnings that the UK will become increasingly reliant on imports at a time of rising global instability.The industry group has urged the government to take action to slow the decline of the North Sea as a provider of energy, citing concerns that consumers will be left more exposed to global volatility and higher emissions if domestic production is not increased.The warning comes as the war in the Middle East has triggered the biggest oil and gas supply shock in the history of the market, causing UK gas prices to more than double in under a month.A government spokesperson said that issuing new licences to explore new fields cannot guarantee energy security and will not reduce bills, adding that the only way to truly protect against price spikes is to get off the rollercoaster of fossil fuel markets.The decline of the North Sea oil and gas basin means that the UK's reliance on gas imports is likely to increase sharply from about 14% last year to more than a quarter of its gas supply by 2030, and almost half by 2035.David Whitehouse, the chief executive of Offshore Energies UK, argued that energy security means backing homegrown oil and gas alongside renewables, and that a stable new tax regime for the industry is essential to reduce reliance on volatile imports and protect skilled jobs.

English and Welsh winemakers have experienced a significant surge in wine production in 2025, with 16.5m bottles produced across the UK, representing a 55% increase from the previous year. This growth is attributed to the hot, dry summer and an increase in vineyard plantings, resulting in the third-largest UK harvest. The 124,377 hectolitres of wine produced in 2025 is still below the 21.6m bottles produced in 2023, which was considered a bumper year. However, the industry has seen a substantial recovery from 2024, when production halved to 10.7m bottles due to high rainfall and disease in the grape crop. The 2025 harvest saw a notable increase in white wine production, which rose by 131% compared to 2024. Nicola Bates, chief executive of WineGB, expressed optimism about the quality and scale of the 2025 vintage, highlighting the skill and hard work of viticulturalists and winemakers. The growth of the industry is reflected in the 4% increase in vineyards registered with the Food Standards Agency (FSA) to 1,158, with the majority being commercial operators. The UK wine sector now employs over 10,000 people and has a value of £14bn. The industry has seen a 3% increase in vine plantings in 2025, covering an area of 4,357 hectares (10,700 acres).

The Anatomy of the DarkSword LeakSecurity researchers have uncovered a significant escalation in iPhone vulnerabilities following the public release of the DarkSword exploit kit on the code-sharing site GitHub. Unlike sophisticated zero-days that require specialized knowledge to deploy, the leaked files are uncomplicated HTML and JavaScript scripts that can be hosted on a server in a matter of minutes. This accessibility has turned a tool previously associated with state-sponsored actors into a potential weapon for any criminal actor.The toolkit specifically targets iPhones and iPads running older versions of Apple’s operating system, such as iOS 18, which have not yet been updated to the latest iOS software. The code is designed to work "out of the box," meaning no iOS expertise is required to execute the attack. Researchers note that the leaked samples share infrastructure with previous campaigns analyzed by iVerify and Google, indicating a continuity in the threat landscape.The Scale of the VulnerabilityThe implications of this leak are vast, given the sheer number of devices potentially affected. According to Apple’s own data, approximately one-quarter of all iPhone and iPad users are still running older operating systems. With over 2.5 billion active devices globally, this suggests that hundreds of millions of users are currently exposed to the capabilities of DarkSword.Targeted Data: The exploit is capable of exfiltrating forensically relevant files, including contacts, messages, call history, and the iOS keychain (which stores Wi-Fi passwords and secrets).Historical Context: DarkSword was previously alleged to be used by Russian government hackers against Ukrainian targets, linking this new leak to geopolitical cyber warfare.From State-Sponsored to Criminal PlaygroundThe ease with which DarkSword can be repurposed has raised alarms within the cybersecurity community. Matthias Frielingsdorf, co-founder of mobile security startup iVerify, described the situation as "bad" and warned that the tool cannot be contained. The transition of such advanced spyware from a restricted government tool to a public commodity lowers the barrier to entry for cybercriminals.Kimberly Samra of Google and security hobbyist matteyeux have independently confirmed that the leaked code is trivial to use. Matteyeux successfully demonstrated the exploit on an iPad mini running iOS 18, proving that the threat is immediate and actionable for malicious actors.The Future of iOS Security and Lockdown ModeApple has responded by issuing an emergency update on March 11 for devices unable to run recent versions of iOS. The company emphasizes that keeping software up to date is the "single most important thing" for security and notes that devices with updated software are not at risk.Furthermore, Apple highlighted that Lockdown Mode would block these specific attacks. As the industry moves forward, the reliance on software updates and hardening features like Lockdown Mode will become increasingly critical in defending against the commoditization of exploit kits like DarkSword.

In the Democratic Republic of Congo, a staggering number of children are being forced into mine work due to poverty, with many working in hazardous conditions to extract valuable minerals such as coltan, tin, and tungsten. The situation is particularly dire in the eastern Congolese city of Rubaya, where 15-year-old Mishiki Nshokano is one of the children who has been working in the mines for four years to support his family.Nshokano's story is a heart-wrenching example of the desperation that drives children to work in the mines. With his father passing away in a landslide at a mining site in 2022, Nshokano had to drop out of school to help his family survive. He now works as an artisanal miner, earning a meager $4 a day, which he sends home to his mother to help them get by.The DRC government has laws prohibiting child labor, but the informal mining sector remains largely unregulated. According to the United States Bureau of International Labor Affairs, the DRC has made minimal progress in eliminating the worst forms of child labor, with an estimated 40,000 children working in mines across the country.The situation in Rubaya is further complicated by violence between the Congolese army and various armed groups, including the Rwanda-backed M23 rebel group. The Congolese government has accused the M23 of using women and children for looting activities, but observers note that child miners have been an issue in eastern DRC long before the M23 occupied the area.As the DRC and the US sign strategic agreements to exchange minerals for security guarantees, concerns are growing about the human cost of mineral mining. The UK-based organization Global Witness has called for businesses and governments to consider the human impact of mineral mining, highlighting the need for greater accountability and regulation in the industry.