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Business Apr 08, 2026

Close Brothers Shares Soar as UK Bank Absorbs £320m Car Finance Compensation

Close Brothers shares surged 17% after the UK bank announced it can 'comfortably absorb' a £320m co…
Shares of Close Brothers, a UK-based specialist lender, jumped 17% on Wednesday following the bank's announcement that it can easily absorb the cost of a £320m compensation bill related to the car finance scandal. The Financial Conduct Authority's (FCA) compensation scheme, finalized last week, aims to address the issue of drivers being overcharged for loans due to commission payments between lenders and car dealers.The bank expects to pay out approximately £320m in compensation, which is 'broadly similar' to previous estimates and only £26m more than the £294m already set aside. Close Brothers stated that this additional amount can be 'comfortably absorbed by existing capital resources,' ensuring the group remains well-positioned to continue its strategy.The FCA's compensation scheme estimates that victims will receive an average payout of £830. This development has provided relief to investors, especially after concerns were raised by short seller Viceroy Research, which suggested that Close Brothers might need to significantly increase its provision for car finance losses.In contrast, Close Brothers' rival, FirstRand, announced hours earlier that it would sell its UK operations, citing frustration with the FCA's compensation scheme, which it described as 'deeply flawed.' FirstRand stated it would need to raise an extra £510m to cover compensation costs, taking its total provisions to £750m, and potentially slash its earnings forecast and offload its UK business.
#Close Brothers #UK bank #car finance scandal
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Technology Apr 08, 2026

UK warns Russian-linked hackers are exploiting consumer routers for espionage, prompting US ban on foreign-made devices

The UK’s National Cyber Security Centre has alerted the public that Russian‑linked groups, likely A…
The United Kingdom’s cyber‑defence agency has issued a stark warning: Russian‑affiliated hackers are targeting everyday internet routers to conduct espionage operations. By compromising these edge devices, attackers can steal user credentials, redirect traffic to fraudulent sites, and potentially infiltrate other connected gadgets such as smartphones and computers. According to the National Cyber Security Centre (NCSC), the campaign appears opportunistic, casting a wide net before filtering for high‑value intelligence targets. This mirrors a broader trend where threat actors focus on hardware that bridges users to the cloud, often overlooking the security of routers and network cameras. Professor Alan Woodward of the University of Surrey emphasized that routers are frequently forgotten, becoming weak points in home and small‑business networks. "If a router is compromised, attackers can reroute users to fake banking sites, establish persistence on the network, and probe connected devices for further vulnerabilities," he explained. The NCSC attributes the activity to the notorious group APT28, also known as Fancy Bear, which is almost certainly linked to Russian intelligence services. APT28 previously orchestrated high‑profile attacks, including the 2015 breach of the German parliament that exposed confidential emails and legislators' schedules. In a parallel move, the U.S. Federal Communications Commission has prohibited the sale of all consumer‑grade routers manufactured outside the United States, citing "unacceptable risks to national security." The FCC warned that foreign‑made routers have been exploited to facilitate espionage, disrupt networks, and steal intellectual property. While most routers are produced in China or Taiwan, exceptions like Elon Musk’s Texas‑made Starlink devices are unaffected. Privacy specialists caution that a blanket ban will not resolve existing vulnerabilities, especially for legacy routers that no longer receive security patches. Woodward urged small businesses and individuals to keep firmware up to date and monitor network activity for anomalies. The article also revisits the 2016 Bangladesh central bank heist, where hackers siphoned $80 million by exploiting cheap, second‑hand routers that were exposed to the internet. Investigators believe a North Korean state‑linked group was behind that attack, illustrating how compromised routers can serve as gateways to critical financial systems. Overall, the NCSC’s alert underscores a growing geopolitical cyber‑threat landscape, where state‑sponsored actors leverage everyday hardware to gather intelligence and disrupt adversaries.
#cybersecurity #fcc #starlink
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Politics Apr 08, 2026

Hundreds in Ghana Town Face Stateless Future in Gambia

Hundreds of residents in Ghana Town, Gambia, face a stateless future due to lack of official docume…
In the small fishing village of Ghana Town, along The Gambia's Atlantic coast, hundreds of residents are trapped in a legal grey zone, lacking citizenship, passports, and national identification. The town was founded in the late 1950s by 10 Ghanaian fishermen, and over the years, their families have grown, but most descendants remain undocumented.According to Gambian law, a person born to non-Gambian parents is not recognized as a citizen, even if born in the country. About 850 of the town's 900 residents lack citizenship, making it difficult for them to access basic services like education, healthcare, and formal employment.Marie Mensah, a 30-year-old resident, faces significant challenges in obtaining documentation for her children, who attend a fee-paying private school due to the lack of national identity documents. Without official papers, residents are excluded from formal sectors and face difficulties in building a stable future.The situation has led to some residents being forced to send their families abroad in search of a better future. Emmanuel Dadson, a 36-year-old teacher, sent his wife and children to Ghana, where they may be able to obtain citizenship. The lack of documentation has also interrupted dreams and future plans, with some residents, like Joseph Oddoh, being unable to pursue higher education or travel abroad.Human rights experts and community leaders call for reforms to address the issue of statelessness in Gambia, including guaranteed nationality for children who would otherwise be stateless and stronger birth registration processes. The Gambia Commission for Refugees has promised to regularize the residents' status, but progress has been slow due to limited funding.
#Ghana Town #Gambia #Statelessness
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Politics Apr 07, 2026

Australian Ex‑Special Forces Officer Ben Roberts‑Smith Charged with Five Afghanistan War Crimes

Former Australian special‑forces soldier Ben Roberts‑Smith was arrested at Sydney Airport and faces…
Ben Roberts‑Smith, a former Australian special‑forces operative, was taken into custody at Sydney Airport on Tuesday after the Australian Federal Police (AFP) announced he faces five separate war‑crime counts linked to the killing of five individuals in Afghanistan from 2009 to 2012. The charges, each punishable by life imprisonment, allege that the victims were unarmed civilians who were not engaged in hostilities at the time of their deaths. AFP Commissioner Krissy Barrett told reporters that the prosecution will argue the victims were shot either directly by Roberts‑Smith or by subordinates acting on his orders while he was present. Barrett emphasized that the accusations stem from a "complex" investigation conducted jointly by the AFP and the Office of the Special Investigator, a probe that began in 2021. The New South Wales Local Court has scheduled a bail hearing for Roberts‑Smith on Wednesday, where he will appear before a magistrate. This arrest follows a high‑profile legal defeat for Roberts‑Smith: an Australian judge in 2023 ruled that journalists who reported he was "complicit in and responsible for the murder" of unarmed Afghan men had not defamed him, a decision upheld by the Full Court of the Federal Court in May of the previous year. Rawan Arraf, executive director of the Australian Centre for International Justice, described the development as a "significant and long‑awaited step for victims and affected communities" in Afghanistan. She added that prosecuting alleged war crimes by Australian special‑forces personnel is essential for delivering justice and for Australia to meet its international law obligations. Since the 2001 NATO‑led intervention, roughly 39,000 Australian soldiers have served in Afghanistan, supporting operations against the Taliban and other armed groups. Roberts‑Smith, who previously received the Victoria Cross for his fifth tour, was regarded as the most‑decorated living Australian war veteran before the charges. The case also revives attention on former army lawyer David McBride, who remains incarcerated for disclosing information about alleged Australian war crimes in Afghanistan. In response to Roberts‑Smith’s arrest, Senator David Shoebridge posted a brief message on X urging the release of McBride.
#Ben Roberts‑Smith #Australian Defence Force #Afghanistan War
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Tech Apr 07, 2026

Toronto Neighbourhood Divided Over AI-Powered Surveillance Plan

A Toronto neighbourhood is divided over a plan to use AI-powered surveillance to create a 'virtual …
A controversy has erupted in Toronto's affluent Rosedale neighbourhood over a proposed AI-powered surveillance system aimed at curbing the area's high property crime rates. The plan, championed by resident Craig Campbell, involves installing cameras that scan licence plates to identify suspicious vehicles.The system, developed by US-based company Flock, uses AI to learn which cars belong to residents and which are potentially suspicious. The technology has sparked concerns about privacy, bias, and surveillance. While some residents see it as a necessary measure to enhance safety, others are worried about the implications of such a system.Rosedale has experienced a significant rise in home invasions, with robbers targeting the neighbourhood at a rate more than double the city average. Crime rates in Toronto as a whole have been declining, but residents are seeking solutions to address their concerns. Campbell, who runs a security company and holds the Canadian licensing rights for Flock, proposed the plan as a way to create a 'virtual gated community.'The system would involve an initial group of 100 residents paying a C$200 monthly subscription to access the technology. The cameras collect licence plate data, which is retained for 30 days, and police can only access the data with legal authorization. While the system does not use facial recognition, concerns about AI bias and profiling have been raised.Flock claims its network of over 90,000 cameras has helped reduce crime by up to 70% in some communities. However, the company has faced scrutiny in the US for its collaboration with law enforcement and allegations of mass surveillance. In Canada, privacy laws are stricter, and regulators are likely to view the network as a data collection system subject to the Personal Information Protection and Electronic Documents Act (Pipeda).The Toronto police have acknowledged residents' concerns about safety but have not commented on the legality of the proposed system. The city's privacy commissioner has emphasized the need for companies to inform individuals and obtain consent before collecting and using personal information.
#Toronto #AI-powered surveillance #virtual gated community
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World Economy Apr 07, 2026

Sea-Level Rise: A Growing Health Crisis Requiring Accountability

Sea-level rise is no longer a distant threat but a present-day health crisis affecting communities …
Sea-level rise has transitioned from a distant threat to an immediate and intimate health crisis, affecting not just infrastructure but human bodies, minds, livelihoods, and cultures. The crisis is manifesting in various ways, including saltwater intrusion into freshwater supplies, flooding of sanitation systems, and inundation of farmland, leading to a range of health issues.The impact of sea-level rise extends beyond physical health, causing emotional, financial, and cultural harm, particularly to Indigenous peoples who face the loss of their ancestral lands and way of life. The crisis is also deeply intertwined with issues of inequality, colonialism, and economic exclusion, with those facing the harshest consequences being those who contributed the least to the problem.Efforts are underway to address the crisis, including the establishment of the Lancet Commission on Sea-Level Rise, Health and Justice, which aims to bring together expertise from various disciplines to explore the interconnections between health, justice, and climate impacts. Additionally, legal actions, such as the advisory opinion from the International Court of Justice, are helping to clarify the responsibilities of states in addressing climate change and its impacts.The shift towards renewable energy and the growing recognition of the need for accountability from polluters are seen as critical steps in addressing the crisis. While the challenge is significant, there is a growing sense of determination and resilience among communities and individuals working to mitigate the impacts of sea-level rise and promote a more sustainable future.
#sea-level #rise #health
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World Apr 07, 2026

UK urged to lead sanctions against Israel’s controversial E1 West Bank settlement as annexation plans advance

Diplomats and former officials call on Britain to take a decisive lead in halting Israel’s planned …
Amid growing international focus on the Iran‑Israel conflict, Israel is pressing ahead with a systematic annexation of the West Bank, centred on the contentious E1 settlement project. The plan envisions the construction of 3,400 new homes on Palestinian land, a move designed to split the territory and undermine the viability of a future Palestinian state. German Chancellor Friedrich Merz has publicly condemned the annexation drive, labeling the E1 scheme illegal. Although the war in Iran and Israel’s military actions in southern Lebanon have delayed the release of construction tenders, officials confirm that the tenders will be issued on 1 June. Criticism from the United Kingdom, Germany, France and Italy has so far failed to deter the Israeli government, which appears accustomed to rhetorical rebukes without concrete repercussions. As former EU officials note, the Union has yet to leverage its economic and diplomatic weight to stop the settlement expansion. The British Prime Minister has reaffirmed the stance of the International Court of Justice, declaring the 1967 occupation of Gaza, East Jerusalem and the West Bank unlawful. This follows the United Kingdom’s formal recognition of the State of Palestine last year, alongside France, Canada and Australia. Given its historic ties and recent diplomatic recognitions, the UK is uniquely positioned to galvanise European and Commonwealth partners. Experts propose a three‑pronged approach: first, issue a clear warning that any contractor involved in designing, building or financing the E1 settlement jeopardises its commercial interests with the UK; second, impose a comprehensive ban on UK trade in goods, services and investment linked to the settlements; and third, suspend the trade concessions granted under the UK‑Israel trade and partnership agreement for breaching its human‑rights provisions. New Prime Minister Keir Starmer is urged to embed these measures within a broader strategy to strengthen European cooperation, champion equal rights, and secure mutual security for Israelis and Palestinians. Without enforceable consequences, the illegal settlement programme is likely to expand, heightening the risk of further violence. Vincent Fean – former consul‑general in JerusalemDavid Hannay – former UN ambassadorAnn Grant – former high commissioner to South AfricaEmyr Jones Parry – former UN ambassadorDavid Manning – former US ambassadorDavid Richmond – former FCO director generalPeter Westmacott – former US ambassadorJeremy Greenstock – former UN ambassadorFrances Guy – former Lebanon ambassadorPeter Millett – former Jordan ambassadorDerek Plumbly – former Egypt ambassadorEdward Clay – former Kenya high commissionerTony Brenton – former Russia ambassadorWilliam Patey – former Afghanistan ambassadorColin Budd – former Netherlands ambassadorAnthony Cary – former Canada high commissionerAlan Charlton – former Brazil ambassadorEdward Chaplin – former Iraq and Jordan ambassadorPeter Collecott – former Brazil ambassadorRichard Dalton – former Iran ambassadorMichael Hone – former Iceland ambassadorNicholas Hopton – former Iran ambassadorPeter Jenkins – former UN (Vienna) ambassadorRupert Joy – former EU ambassador to MoroccoRobin Kealy – former Tunisia ambassadorRobin Lamb – former Bahrain ambassadorAnthony Layden – former Morocco ambassadorRichard Makepeace – former UAE ambassadorMark Matthews – former Chad ambassadorRichard Northern – former Libya ambassadorChristopher Segar – former Iraq ambassadorAdrian Sindall – former Syria ambassador
#israel #germany #palestine
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Politics Apr 07, 2026

UK urged to take action against Israeli settlement plans

Former UK ambassadors and high commissioners have called on the UK government to threaten action ag…
A group of 32 former UK ambassadors and high commissioners has urged the UK government to take action against companies bidding to build an illegal Israeli settlement in the West Bank. The planned E1 settlement, which would involve the construction of 3,400 houses on "Palestinian soil," is part of Israel's "systemic West Bank annexation."The letter, published in the Guardian, calls for a UK trade ban on settlement products and services, as well as "suspending trade concessions with Israel for its breach of the human rights provision in the UK-Israel trade and partnership agreement."The E1 plan, which has been on hold for two decades, poses an "existential threat" to the future of the two-state solution. Critics argue that it would extend the existing Jewish settlement of Ma'ale Adumim towards Jerusalem, further cutting occupied East Jerusalem from the West Bank, and further separating the north and south of the territory.Keir Starmer has stated that the Israeli settlements, including the E1 settlement, are a "flagrant breach of international law" and threaten the viability of a two-state solution. The UK government has recommended that "settlement products are labelled so that consumers are informed."The letter calls for Britain to lead the way in taking action against the Israeli settlement plans. "Britain is ideally fitted, both by that decision and its historic responsibilities in the region, to give a lead to like-minded European and Commonwealth partners," it states.
#UK Foreign Office #Israeli settlements #West Bank
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Technology Apr 07, 2026

Former Meta Engineer Accused of Stealing 30,000 Private Facebook Photos, Prompting Police Probe and Security Overhaul

A former Meta employee in London is under criminal investigation for allegedly downloading about 30…
A former Meta employee based in London is being investigated by the Metropolitan Police’s cybercrime unit for allegedly downloading roughly 30,000 private Facebook images while employed by the company.According to court documents obtained by the Press Association, the suspect is said to have created a script designed to circumvent Meta’s internal detection systems, allowing him to access and extract the images without triggering security alerts.Meta confirmed that the breach was discovered more than a year ago. The company immediately terminated the employee, notified the affected users, and referred the matter to UK law enforcement. It also announced that its security infrastructure has been enhanced to prevent similar incidents.The individual remains on police bail, with magistrates requiring him to report to officers in May and to disclose any plans for foreign travel.Legal experts note that while the rogue employee could face charges under data‑protection and computer‑misuse laws, Meta’s liability hinges on whether it had “appropriate technical and organisational measures” in place. As senior data‑protection specialist Jon Baines of Mishcon de Reya explains, “If the employer has sufficient safeguards, the law does not punish the organisation for the actions of a rogue employee.” However, a finding that Meta’s safeguards were inadequate could expose the company to substantial fines or damages.The Information Commissioner’s Office (ICO) acknowledged the incident, emphasizing that “social media users should be able to trust that their personal information is handled responsibly.”Meta’s challenges come amid broader scrutiny of major platforms. Last month, a Los Angeles court held both Meta and Google liable for a woman’s childhood social‑media addiction, a ruling that could reshape platform accountability.
#meta #facebook #cybercrime
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