‘Science superpower’ plan risks making UK bureaucracy superpower, says peer

Author of Lords report says government’s approach ‘feels like setting off on a marathon with your shoelaces tied together’

Britain’s plan to become a “science and technology superpower” is so lacking in focus and so full of new organisational structures that the country risks becoming a “bureaucracy superpower” instead, an influential crossbench peer has said.

Prof John Krebs, the co-author of a Lords report on the government’s global ambitions for science and technology, said despite laudable rhetoric, there was no clear strategy as to how the “superpower” ambition might be realised, and reasons to doubt it would succeed.

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Musk’s lawyers subpoena big banks for records on Twitter deal

Billionaire seeks material on how JPMorgan and Goldman Sachs advised platform during negotiations

Lawyers for Elon Musk have subpoenaed JPMorgan Chase and Goldman Sachs for records relating to the billionaire’s plan to purchase Twitter.

Musk has requested the banks turn over “documents and communications” relating to how they advised Twitter during negotiations, which Musk abruptly backed out of last month after offering to purchase the website for $44bn in April, Bloomberg reported on Wednesday.

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Tinder chief leaves dating app after one year

News of Renate Nyborg’s exit came as Match Group reported results that missed Wall Street expectations

The chief executive of Tinder has left the dating app after less than a year after the market value of its parent company plunged by more than a fifth after reporting disappointing results.

The departure of Renate Nyborg was one of a number of management changes announced by the $20bn Match Group, which owns dating brands including Hinge, Tinder and Match.com.

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The Vardy Effect: Going to court to deny something a rock could see is true

Rebekah Vardy probably isn’t buzzing at the ruling, a character assassination that has left her well and truly stung by libel

Oscar Wilde, Barbra Streisand, and now – Rebekah Vardy. When news broke that Vardy had lost her libel case against Coleen Rooney, she joined this heady roster of celebrities who have launched brain-bogglingly misguided and self-wounding legal cases. Like Wilde – who sued the Marquess of Queensberry for revealing his homosexuality – Vardy went to court to deny something that a rock could see was true: she’d passed on private stories about Rooney to the press. And like Streisand – who sued a website for featuring an image of her house, thereby drawing the world’s attention to it – she believed going to court was the best way to control her image. She was wrong.

Vardy traded private details of her husband’s colleagues and their wives in the hope of currying positive coverage in the media. And because of that, Mrs Justice Steyn delivered a verdict that was even more of a character assassination than Vardy’s own memorable description of Rooney to a Daily Mail journalist: “Arguing with Coleen Rooney would be as pointless as arguing with a pigeon: you can tell it that you are right and it is wrong, but it’s still going to shit in your hair.” Well, Rebekah, you’re covered in shit now.

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Brisbane teenager built spyware used by domestic violence perpetrators across world, police allege

Jacob Wayne John Keen, 24, is alleged to have created hacking tool when 15 years old and sold it to more than 14,500 people

Police allege that a teenager living in the suburbs of Brisbane created and sold a sophisticated hacking tool used by domestic violence perpetrators and child sex offenders to spy on tens of thousands of people across the globe – and then used the proceeds to buy takeaway food.

Jacob Wayne John Keen, now 24, was 15 years old and living in his mother’s rental when he allegedly created a sophisticated spyware tool known as a remote access trojan (RAT) that allowed users to remotely take control of their victims’ computers.

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Google earnings signal company weathering slowdown better than expected

Parent company Alphabet reports second-quarter revenue of $69.69bn, 13% higher than a year ago

Alphabet only narrowly missed estimates for its quarterly revenue on Tuesday, a sign the tech giant may weather an industry-wide slowdown better than expected.

Alphabet reported second-quarter revenue of $69.69bn, 13% higher than same period a year ago and nearly in line with the average expectation of $69.88bn among investment researchers tracked by Refinitiv.

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Elon Musk denies reported affair with wife of Google co-founder

Tesla chief rejects Wall Street Journal claims he had affair with Nicole Shanahan

Elon Musk has denied a Wall Street Journal report claiming he had an affair with Nicole Shanahan, the wife of the Google co-founder Sergey Brin, accusing the outlet of running “hit pieces” on him and Tesla.

The chief executive of the electric carmaker tweeted on Monday rejecting the claim that he had an affair with Shanahan as “total BS”, adding that he and Brin were still friends.

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Satellite firm bailed out by UK to be taken over by French rival

OneWeb, touted by Boris Johnson as a potential rival to Elon Musk’s Starlink, provides communications services

A satellite company part-owned by the British government is due to be taken over by an EU rival this week, dashing hopes of fostering a UK firm to rival Elon Musk’s Starlink following its taxpayer bailout at the height of the pandemic.

OneWeb, which provides services including broadband from its low-orbit satellites, will be taken over by one of its shareholders – the Paris-listed Eutelsat- in a deal that could be announced as early as Monday.

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Google fires software engineer who claims AI chatbot is sentient

Company said Blake Lemoine violated Google policies and that his claims were ‘wholly unfounded’

Google has dismissed a senior software engineer who claimed the company’s artificial intelligence chatbot LaMDA was a self-aware person.

Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims on LaMDA (language model for dialogue applications) to be “wholly unfounded”.

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VW boss Herbert Diess exits three years early after turbulent tenure

Porsche’s Oliver Blume will take over after difficulties managing electric transition during Diess’s four years in charge

Volkswagen’s CEO, Herbert Diess, is stepping down and will be succeeded by the current head of Porsche, Oliver Blume, Europe’s top carmaker has said, after a four-year tenure in which Diess pushed VW’s electric vehicle ambitions and clashed with its work council and board.

Sources with knowledge of the matter said the Porsche and Piëch families, who own over half the voting rights and a 31.4% equity stake in Volkswagen, pressed for a change at the helm.

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Mexico gives Tesla a dedicated lane at the border to speed up crossing into the US

The exclusive lane, at the remote checkpoint just north of Laredo, Texas, will be for suppliers only, not Tesla owners

Tesla has reportedly gained an exclusive lane at a remote US-Mexico border crossing after Elon Musk recently struck a deal with the “pro-business” state of Nuevo León.

The electric car company’s suppliers traveling from Mexico into Texas can use a dedicated lane to speed up their crossing at the Colombia Solidarity site, Bloomberg reported, a less popular checkpoint just north of Laredo. Tesla relies on at least six suppliers in Nuevo León, which borders the US for about 10 miles and is closer to the car company’s new headquarters in Austin. The lane is for suppliers only, not Tesla owners.

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Google to be banned in Ukraine’s occupied Donetsk and Luhansk regions

Leader of self-proclaimed Donetsk People’s Republic claims search engine is promoting ‘terrorism and violence against all Russians’

Google’s search engine is to be banned in the occupied Ukrainian regions of Donetsk and Luhansk after pro-Russian authorities there accused the US tech giant of promoting “terrorism and violence against all Russians”.

In a statement posted to the social messaging service Telegram, Denis Pushilin, head of the self-proclaimed Donetsk People’s Republic (DPR), said: “The inhuman propaganda of Ukraine and the west has long crossed all boundaries. There is a real persecution of Russians, the imposition of lies and disinformation.”

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Shares in Snapchat owner slump 25% amid slowdown in ad revenue

Parent company Snap talks of ‘incredibly challenging’ conditions as it seeks new sources of revenue

Shares in Snapchat’s parent company have fallen 25% after it confirmed investors’ fears of a slowdown in advertising revenue for social media firms.

Snap painted a grim picture of the effects of a weakening economy on social media in quarterly results on Thursday and declined to make a revenue forecast in “incredibly challenging” conditions, hitting its share price in after hours trading and setting off a chain reaction among listed rivals.

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Amazon buys US medical provider as it cements move into healthcare

One Medical, the primary care organization, will be acquired by the e-commerce behemoth in a deal valued at roughly $3.9bn

Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9bn, marking another expansion for the retailer into healthcare services.

The Seattle-based e-commerce giant said in a statement Thursday it is buying One Medical for $18 a share in an all-cash transaction. It’s one of Amazon’s biggest acquisitions, following its $13.7bn deal to buy Whole Foods in 2017 and its $8.5bn purchase of Hollywood studio MGM, which closed earlier this year.

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Former US Coinbase employee and two others charged with insider trading

Cryptocurrency exchange manager and his brother arrested in Seattle in what is described as the first case of its kind

A former Coinbase employee and two others have been charged in what federal authorities described as the US government’s first cryptocurrency insider trading case.

Ishan Wahi, a product manager at the cryptocurrency exchange, and his brother Nikhil Wahi were arrested in Seattle on Thursday. They and a third defendant, their friend Sameer Ramani, who remains at large, also face civil charges from the US financial watchdog, the Securities and Exchange Commission (SEC).

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UK cybersecurity chiefs back plan to scan phones for child abuse images

Heads of GCHQ and NCSC say client-side scanning could protect children and privacy at the same time

Tech companies should move ahead with controversial technology that scans for child abuse imagery on users’ phones, the technical heads of GCHQ and the UK’s National Cybersecurity Centre have said.

So-called “client-side scanning” would involve service providers such as Facebook or Apple building software that monitors communications for suspicious activity without needing to share the contents of messages with a centralised server.

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TikTok is fastest growing news source for UK adults, Ofcom finds

App is used by 7% of adults for news with nearly half turning to TikTokers rather than conventional outlets for updates

Watch out Huw Edwards, the TikTokers are coming. The social video platform is the fastest growing news source for UK adults, according to a survey, but nearly half of people using it for current affairs turn to fellow TikTokers rather than conventional news organisations for their updates.

TikTok is used by 7% of adults for news, according to the UK’s communications watchdog, up from 1% in 2020. The growth is primarily driven by young users, with half of its news followers aged 16 to 24.

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Tesla sells 75% of its bitcoin as profits slump due to production challenges

CEO Elon Musk said the cryptocurrency sale was to maximize its cash position only, but prices still slid after Wednesday’s report

Tesla’s second quarter of 2022 came to a shaky end as the electric carmaker reported a drop in profit after it struggled to meet demand due to a shutdown of its Shanghai factory and production challenges at new plants. The company also sold 75% of its bitcoin holdings, leading to a slide in the cryptocurrency price.

Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2.26bn net profit on Wednesday.

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Green upgrades could cut UK energy bills by £1,800 a year, finds study

Homeowners can boost property value by average of £10,000, shows research by WWF and ScottishPower

Britons could cut their annual energy bills while slashing their carbon emissions and boosting the price of their home, research has shown.

A study by WWF and ScottishPower has found that installing green technologies could reduce energy bills by up to £1,878 a year and cut home carbon emissions by more than 95% over the lifetime of their installation.

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Kosher phone dispute grips ultra-Orthodox Tel Aviv suburb

An opaque council controls smartphone access for Israel’s Haredim population, but many are making forays online anyway

Tel Aviv’s booming science and technology industry, bolstered by graduates of elite army intelligence units, has earned Israel the nickname “start-up nation”.

Yet in Bnei Brak, an ultra-Orthodox suburb just a few miles east of Tel Aviv’s skyscrapers, a vicious fight is being waged over whether smartphones are compatible with traditional Jewish law, and who should have the power to decide on internet access.

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