Author: Jack Mulligan

Software error exposed sensitive customer details and reignites doubts over the risks of digital-only banking Lloyds Banking Group has been forced to confront a serious data exposure incident after an IT fault in its mobile banking apps left the personal and financial details of hundreds of thousands of customers potentially visible to other users. The scale of the failure is striking not only because of the number of people affected, but because it strikes at the heart of one of modern banking’s central promises: that digital convenience can be delivered without compromising security. The problem was triggered by a software…

Court overturns a multibillion-dollar judgment tied to the 2012 nationalization Argentina has won a major legal victory in the United States after a federal appeals court overturned the 16.1 billion dollar judgment linked to the 2012 seizure of oil company YPF. The ruling marks a significant turn in one of the most closely watched sovereign litigation battles in recent years and removes, at least for now, a financial threat that had loomed heavily over the country’s already fragile economic position. The appeals court ruled by a 2-1 margin that the plaintiffs’ breach of contract claims failed under Argentine law. That…

Wall Street lifts recession odds as energy shock and weak hiring strain the U.S. outlook Federal Reserve Chair Jerome Powell has so far resisted calls to describe the current U.S. economic environment as stagflation. But the pressure on that view is building quickly. Across Wall Street, economists are raising the probability of a recession as geopolitical tensions intensify and underlying weaknesses in the labor market become harder to ignore. The shift in expectations is notable not because a downturn is now seen as certain, but because the risk has moved well above normal levels. In a typical year, recession odds…

Parliament approves the pact while reserving the right to suspend it if Washington crosses key red lines The European Parliament has approved the trade deal between the European Union and the United States, but not without adding a protective layer designed to shield European interests if Washington fails to respect the spirit or terms of the agreement. The vote marks an important step toward implementation, yet it also shows that European lawmakers are no longer willing to treat trade policy as separate from wider political and strategic tensions. The deal itself was negotiated last July by Donald Trump and Ursula…

Owners open the expansion process as the league moves closer to 32 teams The NBA has moved from speculation to process. The league’s board of governors has approved a vote allowing the NBA to begin exploring bids and applicants for expansion franchises in Las Vegas and Seattle, a decision that marks the clearest sign yet that the league is preparing to grow beyond its current 30-team structure. According to the latest reporting, all 30 owners supported the move, giving the league a unified mandate to begin the next phase of expansion planning. That does not mean two new teams have…

Platform will label automated accounts and challenge suspicious users to prove they are human Reddit is stepping more aggressively into the fight against automated accounts, announcing a new system that will label certain bots and require suspicious users to verify that they are human. The move reflects a growing concern across social platforms that bot activity is no longer a side problem, but a core threat to trust, moderation and the basic usefulness of online communities. The company says it will begin identifying automated accounts that serve a legitimate function, giving them a visible label rather than treating all bots…

Homeland Security funding fight deepens travel disruption across the US Travel disruption intensified on Tuesday as senators rushed to rescue a proposal aimed at partially ending the Homeland Security shutdown, with airports across the United States facing longer security lines, staffing shortfalls and growing passenger frustration. The urgency in Washington reflects a simple reality: what began as a political standoff over immigration enforcement is now causing visible breakdowns at some of the country’s busiest airports. The proposed agreement would fund much of the Department of Homeland Security, including airport screening operations, while carving out one of the most politically contentious…

New Mexico jury finds company willfully violated consumer protection law Meta has suffered one of its most damaging courtroom defeats yet, after a New Mexico state court jury found the company liable for nearly 400 million dollars in civil damages in a case centered on child safety across Facebook and Instagram. The verdict marks a major legal and reputational setback for the social media giant, and it adds momentum to a broader wave of litigation accusing major technology platforms of misleading the public about the safety of their products for young users. The jury awarded 375 million dollars after concluding…

Sinopec notice triggers queues as Beijing trims the increase Long lines formed at gas stations across China on Monday after drivers rushed to fill their tanks ahead of a newly announced fuel price increase. The surge in demand followed a notice from Sinopec, the state-owned oil giant, warning that gasoline prices would rise by a meaningful amount starting March 24. For many motorists, the announcement turned an already difficult fuel environment into an immediate household concern. The response was swift and emotional. Drivers, alerted to the pending increase, headed to stations in large numbers rather than wait until the higher…

Markets react as Tehran denies negotiations ever took place President Donald Trump said Monday that he had ordered a five-day delay in planned US strikes on Iran’s power plants and energy infrastructure after what he described as productive discussions with Iranian representatives. The announcement immediately shifted attention from military escalation to the possibility of a temporary diplomatic opening, even as Tehran publicly denied that any direct or indirect negotiations had taken place. Trump framed the pause as a serious chance to reach a broader settlement, saying the United States was intent on making a deal and suggesting the conversations had…