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World Economy Mar 26, 2026

Co-op CEO Steps Down Amid Cyber-Attack Fallout and Toxic Culture Claims

The Co-op Group's CEO, Shirine Khoury-Haq, is stepping down after a difficult year marked by a cybe…
The Co-op Group has announced that its chief executive, Shirine Khoury-Haq, will step down this weekend after a challenging year that included a cyber-attack and recent claims of a “toxic” culture at the business.Khoury-Haq will depart on 29 March, and Kate Allum, a board member and former boss of the dairy group First Milk, will step in as interim boss while a permanent replacement is sought.The company, which owns more than 800 funeral parlours and an insurance and legal advisory business, as well as operating more than 2,000 convenience stores, reported an underlying loss of £125m. This is a significant drop from a £45m profit the year before, largely due to a £107m profits hit from the damaging IT hack.Khoury-Haq denied that her resignation was linked to the allegations of a toxic culture, stating that her decision to leave was a personal one. She expressed her desire to “go and do something else”.Sales at Co-op fell 2.3% to £11bn in the year to 3 January, following the mutual’s shops being left with gaps on shelves after the cyber-attack, which knocked £285m off sales.The group cited a “contracting convenience market” and “layered cost headwinds” of about £150m during the year, due to increases in employers’ national insurance, pay and packaging taxes.Khoury-Haq’s departure comes a month after reports of concerns about the culture at the top of the group. In February, the Co-op defended the behaviour of its bosses after reports said senior managers had complained of a “toxic” environment at the retailer.
#co-op #culture #year
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News Mar 25, 2026

US-Iran Tensions Escalate: Trump Claims Ongoing Talks Amid Tehran Airstrikes

US President Donald Trump claims negotiations are underway with Iran, despite Tehran's denial. Mean…
US President Donald Trump has reiterated claims that negotiations are underway with Iran, contradicting Tehran's assertion that such claims are 'fake news'. This development comes amid heightened tensions between the US and Iran.In a recent escalation of hostilities, at least 12 people were killed and 28 wounded in an airstrike targeting southern Tehran. The incident is part of a series of US and Israeli attacks on Iranian territory.The situation underscores the fragile state of US-Iran relations, with both sides engaging in a war of words and actions. Trump's claims of ongoing talks with Iran have not been substantiated, adding to the uncertainty and heightened tensions in the region.
#iran #tehran #trump
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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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Sport Mar 25, 2026

Double World Darts Champion Littler Hosts Tournament at England Training Base

Double world darts champion Luke Littler visited the England football squad at St George's Park, ho…
Double world darts champion Luke Littler recently visited the England squad at their St George's Park training base, where he hosted a special darts tournament for the players as they prepare for upcoming pre-World Cup friendlies against Uruguay and Japan.The 19-year-old darts star shared dinner with the footballers before organizing the "Three Lions darts championship" at their Burton base on Tuesday night. In a surprising turn of events, Newcastle goalkeeper Aaron Ramsdale claimed the title of camp champion, leaving Littler thoroughly impressed despite Phil Foden hitting a notable 180 in the final."It was a dream as a football fan to come here to see the facilities, meet all the players and sit down and have dinner and have a laugh with them," said Littler, who is set to travel to Berlin for the latest round of Premier League darts action. "We played a bit of darts – as they were warming up, Thomas Tuchel told me to teach these boys a lesson! There's some good potential there in Phil Foden and Aaron Ramsdale. James Trafford had a little bit as well. The others not so much!"During his visit, Littler was presented with a signed shirt from the England squad, with Jude Bellingham adding a personal touch by giving him a signed jersey featuring the encouraging message "keep smashing it" on the back. The darts champion wished the England squad luck for their upcoming international campaign, expressing hope that they could "bring it home" this summer.
#littler #darts #three
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Sports Mar 25, 2026

FA Rebuffs Manchester United's Bid to Host 2035 Women's World Cup Final at New Old Trafford

The FA has resisted Manchester United's lobbying to host the 2035 Women's World Cup final at a rebu…
The Football Association (FA) is standing firm in its decision to host the 2035 Women's World Cup final at Wembley Stadium, despite lobbying from Manchester United to have the event held at a rebuilt Old Trafford.Manchester United's chief executive of New Stadium Development, Collette Roche, publicly expressed the club's aspirations to host the 2035 final, but the FA remains committed to staging the showpiece occasion at Wembley.The FA had named Wembley as its preferred venue for the final when submitting its official bid for the tournament to Fifa last November, and this position will not change even if Manchester United succeeds in building a new 100,000-seat stadium before the finals.The ultimate decision on the venue for the final will be taken by Fifa, but it would be a huge surprise if they overruled the wishes of the governing body that is leading the bid. The FA is fronting a joint bid from the home nations to stage the Women's World Cup for the first time in what would be the biggest sporting event ever staged in the UK.The current Old Trafford is one of 22 proposed stadiums in the bid book – 16 in England, three in Wales, two in Scotland and one in Northern Ireland – but will be replaced by the new stadium if it is built on time. Manchester United are still in the process of securing funding for a project that could cost over £2bn, while the club also needs to purchase land from the haulage company Freightliner.
#Football Association #Manchester United #Wembley Stadium
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Sports Mar 25, 2026

Liverpool Legend John Toshack Diagnosed with Dementia

Former Liverpool and Wales football star John Toshack has been diagnosed with dementia, his son Cam…
Legendary footballer John Toshack, known for his illustrious career with Liverpool FC and the Wales national team, has been diagnosed with dementia, according to his son Cameron. Toshack, 77, enjoyed a celebrated playing career with Liverpool from 1970 to 1978, scoring over 100 goals and securing nine major trophies, including three league titles, two UEFA Cups, an FA Cup, and a European Cup. He also earned 40 caps for Wales. After retiring as a player, Toshack transitioned into management, leading Swansea City from the fourth division to the top tier and later managing prestigious clubs such as Real Sociedad, Real Madrid, and his national team, Wales. Notably, he won La Liga with Real Madrid in 1990, scoring a record 107 goals that season. Cameron Toshack shared that his father's condition varies, with short-term memory loss being a significant challenge. However, he added that John Toshack's long-term memory remains sharp, particularly when recalling his football career. For instance, he can vividly recall details about specific matches and tactical decisions from his time at Real Madrid. Toshack's legacy in football extends beyond his playing and managerial career. As Wales manager during his second tenure from 2004 to 2010, he gave debuts to future stars like Aaron Ramsey and Gareth Bale, who played crucial roles in Wales' success, including their semi-final appearance in Euro 2016.
#toshack #his #liverpool
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Tech Mar 25, 2026

Arm's Historic Silicon Pivot: The Launch of the AGI CPU

Arm Holdings, a 35-year veteran of licensing chip designs, has launched its first in-house producti…
The Arm AGI CPU: A New Era of In-House SiliconFor the first time in its 35-year history, Arm Holdings is stepping out from behind the licensing model to manufacture its own silicon. The company revealed the Arm AGI CPU at an event in San Francisco, a production-ready processor designed specifically for AI inference in data centers. Unlike its traditional business model of licensing designs to giants like Nvidia and Apple, Arm has developed this chip using its own Arm Neoverse family of CPU IP cores.This strategic pivot is backed by a robust ecosystem of launch partners, including Meta, which is the chip's first customer. Other key partners include OpenAI, Cerebras, and Cloudflare. The chip is already ready for order, signaling that Arm is moving aggressively to capture value in the booming AI infrastructure market.The Critical Role of CPUs in AI InfrastructureWhile GPUs have dominated headlines for training large language models, Arm is highlighting the often-overlooked importance of the central processing unit (CPU) in modern AI racks. Arm argues that the CPU is the pacing element of modern infrastructure, responsible for managing thousands of distributed tasks, including memory allocation, storage scheduling, and data movement across systems.Infrastructure Management: CPUs ensure that distributed AI systems operate efficiently at scale.Market Constraints: The demand for high-performance computing is exacerbating global supply chain issues, with Intel and AMD recently informing Chinese customers of extended wait times due to CPU shortages.Cost Implications: These supply constraints are contributing to rising prices for computer hardware.Breaking the Licensing Model: A Strategic Bet on CompetitionThe release of the Arm AGI CPU represents a historic deviation from the company's founding principles. For decades, Arm has operated as a pure-play design licensor, allowing partners to manufacture chips based on its architecture. However, the company is now poised to compete directly with many of its biggest customers.Majority-owned by the Japanese conglomerate SoftBank Group, Arm's move suggests a desire to capture more of the value chain. By building its own silicon, Arm can offer a more integrated solution for AI workloads, potentially undercutting or complementing the offerings of its licensees. This shift challenges the traditional semiconductor ecosystem and sets a precedent for other IP licensor to consider building their own hardware.The Future of Chip Architecture in the AI RaceArm's entry into manufacturing signals a new phase in the AI chip wars. As the industry moves toward specialized silicon for inference, the line between design houses and manufacturers is blurring. We can expect to see more IP licensor developing their own chips to ensure they have control over the performance and efficiency of the hardware powering the next generation of AI models.
#Arm #Meta #SoftBank
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Video Mar 24, 2026

US War on Iran: Adviser Raises Questions Over Justification

A US adviser has raised concerns about the justification for a potential war on Iran, sparking deba…
A US adviser has questioned the justification for a potential war on Iran, highlighting concerns over the country's foreign policy. The adviser expressed skepticism about the rationale behind such a move, amid rising tensions in the region.The adviser emphasized the need for clear justification before engaging in military action, citing potential consequences for global stability. The comments come as the US and Iran navigate a complex relationship, with implications for the Middle East and beyond.
#adviser #questions #justification
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Gallery Mar 24, 2026

Iran Launches Missile Strikes on Israel, Causing Damage and Injuries

Iran has launched a missile attack on Israel, resulting in damage and injuries in Tel Aviv. The att…
Iran has launched a significant missile attack on Israel, causing damage and injuries in Tel Aviv. The attack, which occurred on Tuesday, triggered air raid sirens across the city, including in the densely populated areas of Tel Aviv. A multistorey apartment building suffered extensive damage, with gaping holes torn through it, although it was unclear if the damage was from a direct hit or debris from an interception. At least six people were lightly injured at four different sites, according to Israel's Magen David Adom emergency medical service. Police in Tel Aviv reported dealing with multiple impact sites of munitions, while the National Fire and Rescue Authority was searching for people trapped in one building and found civilians in a shelter in another damaged building. In response to the missile strikes, Israel's military carried out a wave of airstrikes in central Tehran on Monday, targeting key command centers associated with the Islamic Revolutionary Guard Corps' intelligence arm and the Iranian Intelligence Ministry. The military also hit over 50 additional targets overnight, including ballistic missile storage and launch sites. The escalation comes amid ongoing uncertainty about possible talks to end the three-week US-Israel war on Iran. The situation remains volatile, with both sides engaging in military actions that could have broader implications for regional stability.
#israel #tel #aviv
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