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Economy Apr 15, 2026

Lagos Housing Crisis: Soaring Rents and Long Commutes

The article discusses the severe housing crisis in Lagos, Nigeria, where soaring rents and a shorta…
Lagos, one of Africa's most dynamic cities, is facing a severe housing crisis. The city's population of approximately 22 million people is putting immense pressure on its housing market, leading to soaring rents and a shortage of affordable accommodation.Oluwatobi Ogundipe, a 32-year-old product manager, commutes four hours daily from his small flat in Sango Ota to his office on Lagos Island. Despite working in one of Nigeria's growing technology sectors, he cannot afford to live closer to his office, highlighting the affordability crisis in the city.Rents across Lagos have surged beyond wage growth, with prices increasing by as much as 400% in some areas. On the mainland, flats that rented for ₦500,000 two years ago now cost up to ₦2.5m a year. On the island, rents have tripled, making it even more challenging for residents to find affordable housing.The city's deputy governor, Obafemi Hamzat, attributes the crisis to persistent migration pressure, with about 6,000 new inhabitants arriving and 3,000 leaving each day. This has led to a shortage of over 3.4 million housing units, according to Prof. Taibat Lawanson, a professor of urban management and governance at the University of Lagos.The shortage of affordable homes is exacerbated by developers prioritizing high-end projects over affordable housing, driven by high construction costs, soaring urban land prices, and limited housing finance. This has led to a proliferation of luxury flats, even as people struggle to secure basic accommodation.The crisis has also fueled the popularity of short-term rentals, with many landlords converting their homes into short-let properties, further reducing the availability of long-term rentals and driving prices higher.For now, Lagos's residents adapt, making long commutes through the city's infamous traffic. As Ogundipe says, "We all come to Lagos chasing something, but these days, it feels like the city is slowly pushing us away."
#Lagos #Nigeria #real estate
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Tech Apr 14, 2026

Anything App Rebuilding After Getting Booted from App Store Twice

Apple's tough stance on vibe-coding apps has led to the removal of Anything, Replit, and Vibecode f…
The App Store Removal Apple is taking a tough stance on vibe-coding apps, blocking updates or removing those apps from the App Store. Affected apps include Replit, Vibecode, and Anything. While Replit and Vibecode's updates were paused, Anything's app was removed twice. Anything's Struggle with Apple Anything's co-founder, Dhruv Amin, said in a conversation with TechCrunch that Apple removed its app on March 26. Since then, the company has been unable to get its app approved, despite a period where there was a brief reinstatement. Apple cited developer agreement clause 2.5.2, which prevents apps from downloading, installing, or executing code. The app markets itself as a mobile app builder for iPhone and advertises making native iOS apps with features like 1-tap App Store submissions, code export, and full source code editing. The Impact on Anything Amin noted that when the company managed to get on a call with Apple, the iPhone maker told them that the vibe-coding app was removed because of the potential it could be used to download malicious code. The Future of Anything Following the battle with Apple, Anything's maker is looking for other ways to allow people to build mobile apps. Earlier this month, the company launched a feature that let users build apps using the iMessage platform. The company said it will also build a desktop companion app that lets users vibe code mobile apps on their computer. The company may instead look at Google's Android operating system for building its apps, as the platform is more open than iOS. Epic Games CEO Tim Sweeney has been vocal about Apple's tactics, saying that Apple needs to "stop blocking development tools apps ASAP." The Broader Implications Earlier this month, The Information reported that thanks to AI-powered coding tools, Apple saw an 84% jump in app submissions in a single quarter. This could force Apple to change its human-led review processes. As AI-powered coding takes off, consumers might demand that platforms like Apple allow them to create apps for themselves.
#Apple #App Store #Anything
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World Economy Apr 14, 2026

Evergrande Founder Hui Ka Yan Pleads Guilty to Fraud Charges

Hui Ka Yan, founder of China Evergrande, has pleaded guilty to charges including fundraising fraud,…
Evergrande's billionaire boss, Hui Ka Yan, has pleaded guilty to fraud charges after the collapse of the world's most indebted property developer. Hui, a former steelworker who rose to become one of China's richest people, pleaded guilty to charges including fundraising fraud, misuse of funds, and illegally taking public deposits.The property group has defaulted on most of its $300bn liabilities since 2021, emblematic of China's property sector woes that have long dragged on economic growth. Evergrande's failure to repay billions of dollars of wealth management products unleashed frustration among the lower and middle classes, many of whom had investments wiped out, provoking protests and threatening social stability.Hui and the company also face charges of illegally extending loans, fraudulently issuing securities, and bribery by units, with verdicts to be handed down later. The maximum penalties for illegal fundraising include jail for life and confiscation of property, while bribery can also bring life terms.In 2024, China's securities regulator fined Hui $6.6m and barred him from the securities market for life, after finding Evergrande's leading business had inflated earnings and committed securities fraud. Hui's net worth was estimated at $45.3bn in 2017, but dropped to $3bn by 2023.
#china #evergrande #fraud
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Politics Apr 09, 2026

UK urged to withdraw Israel trade agreement amid Gaza conflict

Zack Polanski, leader of the Green Party, has called on the UK government to withdraw its trade agr…
Zack Polanski, the leader of the Green Party, has made a strong call to action for the UK government to withdraw its trade agreement with Israel in light of the recent Israeli strikes on Lebanon. Polanski expressed his concerns about Israel's actions, accusing them of 'behaving in a completely uncontrolled way.'During the launch of the Green party's local election campaign in London, Polanski urged the government to take a firmer stance against Israel, stating that it is 'outrageous that Israel is still enjoying diplomatic and trade privileges from the international community.' He emphasized the need for robust sanctions against Israel and an end to the 'genocide.'Polanski also criticized the UK government's claim of not being involved in the conflict with Iran, arguing that its bases had been used to aid US bombers attacking Iran. He called for the disentanglement of UK and US military operations and a ban on the US using UK airspace.When asked about the economic implications of ending the trade deal with Israel, Polanski prioritized human lives over financial concerns, stating that the UK should not put 'a cost on people's lives.'In addition to his comments on Israel, Polanski criticized Labour's housing policies, arguing that Green-run councils would focus on building new council houses and 'stand up' to property developers who resist building affordable homes. He accused Labour councils of building 'luxury, unaffordable buildings that no one's ever going to live in.'Labour responded by accusing Green party councillors of trying to block 42,000 homes across the country since 2018 and said they were not delivering social rented housing in areas where they were in power.
#United Kingdom #Israel #Green Party
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Tech Apr 06, 2026

Apple's Supreme Court Gamble: Defending the 27% App Store Fee Structure

Apple is escalating its legal war with Epic Games by petitioning the U.S. Supreme Court to review t…
Apple is escalating its legal war with Epic Games by petitioning the U.S. Supreme Court to review the court's ruling on App Store fees. This move signals a critical juncture in the tech giant's defense of its revenue model, as it attempts to overturn a decision that limits its ability to charge developers for external payments. The Strategic Shift to the Highest Court After losing its appeal at the Supreme Court in a previous phase of the case, Apple is now taking its fight to the highest level of the U.S. judiciary. The tech giant filed a petition to review the Ninth Circuit Court's ruling, which found Apple in contempt for charging a 27% fee on external payments—a slight discount from its standard 30% fee. Current Status: Apple secured a temporary stay on the Ninth Circuit's ruling on April 6, 2026, effectively pausing the enforcement of the lower court's decision. Epic's Response: Epic Games immediately challenged this stay, arguing it is merely a delay tactic to prevent the court from establishing permanent bounds on Apple's fees. Legal Timeline: The battle began in 2020 when Epic bypassed Apple's fees, leading to a 2021 ruling where Apple was not deemed a monopoly but was ordered to allow external payment links. The Economics of the 27% External Fee The core of Apple's legal strategy revolves around the justification of its fee structure. While Apple reduced its commission to 27% for external transactions, Epic argues this effectively defeats the purpose of the court order, as developers still do not save significant money due to processing fees. Apple's Stance: The company argues the fee covers more than just payment processing; it includes hosting, discovery, software, and developer tools, reflecting the value of the ecosystem. Competitor Benchmark: Google settled with Epic Games last month, dropping its Play Store commissions to 20%, highlighting the pressure Apple faces to lower its rates. Developer Impact: Only a few developers, including Spotify, Kindle, and Patreon, have been willing to utilize the external payment links due to Apple's aggressive tactics. Erosion of the App Store Moat This legal battle represents a significant threat to Apple's primary revenue stream. If the Supreme Court upholds the lower courts' rulings, it could force Apple to lower its commissions or abandon its current fee structure entirely. Market Dynamics: As consumers increasingly turn to AI chatbots and agents for transactions, the traditional gatekeeper role of the App Store is being challenged. Regulatory Pressure: The court's decision will set a precedent for how tech giants can regulate commerce within their ecosystems, potentially opening the door for more developer freedom. A High-Stakes Legal Verdict Looking ahead, the Supreme Court's willingness to hear this case is uncertain. The Court previously declined to hear a similar appeal regarding Apple's monopoly status. If they reject this petition, the Ninth Circuit's decision stands, and Apple will be forced to comply with the lower fee structure. However, if the Court agrees to hear it, Apple will push to convince judges that courts should not have the authority to limit the fees it charges for its services, potentially reshaping the digital economy for years to come.
#Apple #Epic Games #Supreme Court
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Technology Apr 01, 2026

Anthropic's Claude Code Source Code Leaked Due to Human Error

Anthropic accidentally released part of the internal source code for its AI-powered coding assistan…
Anthropic, a leading AI developer, has suffered a significant source code leak of its AI-powered coding assistant, Claude Code. The incident occurred due to "human error" during a software update, which mistakenly included an internal-use file pointing to an archive containing nearly 2,000 files and 500,000 lines of code.The leaked code was quickly copied to the developer platform GitHub, where a post sharing a link to the code garnered over 29 million views. A rewritten version of the source code rapidly became GitHub's fastest-ever downloaded repository. In response, Anthropic issued copyright takedown requests to try to contain the code's spread.Analysis of the leaked code revealed blueprints for a Tamagotchi-esque coding assistant and an always-on AI agent. Anthropic assured that the exposed code did not contain confidential data from Claude, the underlying AI model. However, some experts worry that the leak suggests internal security vulnerabilities within Anthropic, which could be particularly troubling for a company focused on AI safety.The leak could also benefit competitors like OpenAI and Google by providing them with insights into Claude Code's AI system. This incident is the second data leak for Anthropic in recent weeks, following a separate breach that exposed thousands of internal files on publicly accessible systems.The US government has designated Anthropic as a supply chain risk, a designation the company is contesting in court. This latest breach comes at a critical time for Anthropic, as its paid subscriber base continues to grow and its Claude chatbot gains popularity.
#code #anthropic #claude
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Business Apr 01, 2026

Oracle Cuts Thousands of Jobs to Focus on AI Infrastructure

Oracle is cutting thousands of jobs as it increases spending on AI infrastructure, including a $300…
Oracle, a US technology company with a market value of $420bn, has begun cutting thousands of jobs as it seeks to reassure investors that its bet on AI infrastructure will pay off. The company, which has a workforce of 162,000, has reportedly let go of around 10,000 people so far.The job cuts, which were announced via email, affect various roles including senior engineers, architects, operations leaders, program managers, and technical specialists. Oracle's decision to reduce its workforce comes as it steps up spending on datacentres, key infrastructure for developing and operating AI systems, in an effort to better compete with cloud rivals such as Alphabet and Amazon.Oracle's plans include a $300bn datacentre deal with OpenAI, the developer of ChatGPT. However, investors have grown concerned about the billions of dollars of expenditure attached to its plans, which includes raising $50bn in new debt. In a March filing, Oracle said it expected total costs tied to its 2026 restructuring plan to reach up to $2.1bn, largely owing to redundancies and related expenses.The job cuts are part of a broader trend in the tech industry, with over 70 tech companies cutting around 40,480 jobs so far this year, according to the tech redundancy site Layoffs.fyi. This trend is driven by companies reallocating resources towards artificial intelligence, heightening fears of AI-driven disruptions among workers.
#Oracle #OpenAI #AI infrastructure
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Business Mar 29, 2026

Los Angeles Bids Farewell to Beloved French Restaurant Taix

The iconic French restaurant Taix in Los Angeles's Echo Park neighborhood is closing its doors afte…
Los Angeles is saying goodbye to a piece of its history as Taix, a cherished French restaurant in the Echo Park neighborhood, closes its doors for good. The restaurant, which has been a staple of the community for 64 years, will be torn down to make way for a large-scale luxury apartment development. The impending closure has sparked an end-of-an-era frenzy, with lines down the street, packed tables, and loyal fans pinching menus and other memorabilia for their personal collection. Taix, pronounced 'Tex,' has been a de facto museum of a long-gone era of fine dining, offering classic dishes like french onion soup, mussels, and a decadent hamburger. While the restaurant will reopen on the ground floor of the new apartment complex, customers are skeptical that it will retain its historic charm. The current space, a 15,000 sq ft building, is simply too expensive to maintain, with repairs estimated to cost hundreds of thousands of dollars. The Taix family had been using personal savings to cover payroll, but the developer, Holland Partner Group, offered a lifeline with a dollar-a-year rent for the last seven years. The loss of Taix is significant for the Echo Park community, which has been impacted by gentrification. The restaurant has been a hub for creatives, hosting events like 'Gay Guy Night,' and its closure leaves a void in the neighborhood. As one customer noted, 'It’s just gonna be one of those condo buildings, giant, modern condo complexes.' Despite the closure, the legacy of Taix lives on through the memories of its customers, who recall the restaurant's role as a launching pad for nights out, a soft landing spot at the end of one, and a safe space for the LGBTQ+ community. As one regular put it, 'People are the thing that animates the space. Without people, it’s just a building.'
#Taix #Echo Park #Los Angeles
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Tech Mar 27, 2026

Apple Lockdown Mode: Four Years of Zero Successful Spyware Breaches

After nearly four years of operation, Apple has confirmed that no user with Lockdown Mode enabled h…
Apple’s Lockdown Mode: Four Years of Zero Successful BreachesAfter almost four years since its launch, Apple has confirmed a significant milestone in consumer cybersecurity: no user with Lockdown Mode enabled has been successfully hacked with mercenary spyware. In a statement to TechCrunch, Apple spokesperson Sarah O'Rourke confirmed that the company is not aware of any successful attacks against devices protected by this feature, representing a four-year streak of effectiveness against some of the most sophisticated state-sponsored hacking tools in existence.The Architecture of Resistance: How Lockdown Mode WorksLockdown Mode is an opt-in security feature designed to harden Apple devices against exploits that are typically used by state-sponsored actors. By restricting certain functionalities, the feature effectively shrinks the attack surface available to hackers.Feature Restrictions: It disables most message attachments and restricts WebKit features.Targeted Threats: It specifically counters exploits used by notorious spyware vendors like the NSO Group, Intellexa, and Paragon Solutions.Zero-Click Exploits: It blocks remote attack chains that do not require user interaction, such as zero-click exploits.Security experts, including Patrick Wardle, describe this as one of the most aggressive consumer-facing hardening features ever shipped. By eliminating entire delivery mechanisms, the feature forces spyware developers to use more complex and expensive techniques to bypass the defenses.The Zero-Breach MilestoneDespite Apple sending notifications to users in over 150 countries alerting them to potential hacking attempts, the data remains clear: Lockdown Mode has not been bypassed in any confirmed case. Independent investigations by organizations like Amnesty International and the University of Toronto’s Citizen Lab have corroborated Apple's findings.Independent Verification: Amnesty International's Donncha Ó Cearbhaill confirmed no evidence of successful compromise where Lockdown Mode was active.Active Blocking: Citizen Lab documented instances where Lockdown Mode actively blocked attacks from NSO's Pegasus and Predator spyware.Evasion Tactics: Some spyware variants have been observed to abort attacks entirely if Lockdown Mode is detected, likely to avoid detection by security researchers.Shifting the Burden of Defense to the ConsumerThe success of Lockdown Mode marks a pivotal shift in the cybersecurity landscape. Historically, high-end security was the domain of governments and large corporations. Apple is now effectively forcing the burden of defense onto the individual consumer.While the feature requires users to accept a trade-off in usability—such as extra steps for copying links or occasional confusing notifications—the data suggests the trade-off is worth it for high-risk targets. The feature has successfully neutralized the most common vectors used by mercenary spyware, rendering them ineffective against the vast majority of attackers.The Future of Digital HardeningLooking ahead, the success of Lockdown Mode sets a new standard for consumer device security. As spyware vendors adapt to this new reality, we can expect a cat-and-mouse game where attackers attempt to find new vulnerabilities. However, for the foreseeable future, Lockdown Mode remains the gold standard for protecting individuals from state-sponsored digital intrusion.
#Apple #Cybersecurity #Lockdown Mode
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