23andMe handed huge fine days after rescue June 17, 2025 Testing firm 23andMe has been fined more than £2m for failing to protect the sensitive personal and genetic data of more than 155,000 UK customers, in what regulators described as a “profoundly damaging” breach. The UK’s Information Commissioner’s Officer (ICO) has fined the company £2.31m following a joint investigation with its Canadian counterpart, the Office [...]
Why the Bank of England will hold interest rates June 17, 2025 At every other meeting, the Bank of England publishes its monetary policy report alongside its interest rate decision. Each lengthy report includes fresh details on revisions to central forecasts, which are poured over with glee by economists and investors.. But this Thursday’s Monetary Policy Committee (MPC) meeting will offer few statistical goodies. Officials will meet [...]
Musk’s X tops UK news as Grok says it’s ‘likely’ most viewed – while Meta and TikTok falter June 17, 2025 Elon Musk’s X, formerly known as Twitter, has become the UK’s most downloaded news app, marking a surprise comeback for a platform many had dismissed as fading. Despite years of falling ad revenue, user churn, and accusations of toxicity related to its controversial founder and chief executive, the app is likely the most viewed news [...]
Capita shifts to agentic AI to save cash June 17, 2025 Outsourcing giant Capita has announced a shift to agentic AI in a bid to return to profitability and ‘future-proof’ the business. It expects to offset a dip in adjusted profit with cost savings from an AI programme powered by ‘agents’ – artificial intelligence systems capable of autonomous decision-making. The company has launched an “AI lab”, [...]
Manoj Ladwa on the UK-India relationship June 17, 2025 City AM is the media partner for IGF London 2025. Ahead of the event, we sat down with the Founder and Chairman of IGF, Manoj Ladwa, to discuss the UK-India relationship. In a city as globally connected as London, it’s easy to overlook the individuals working quietly but relentlessly to strengthen international ties. One such [...]
UK economy rebound hopes gather as City ‘ready to invest’ June 17, 2025 The UK economy could rebound May as a new business survey has signalled “tentative hope” that Chancellor Reeves can deliver higher growth. According to Lloyds’ latest sector tracker, two more areas of the economy saw output expand compared to data for April, a month which recorded a 0.3 per cent contract in GDP per official [...]
UK Science Minister calls for stronger US-UK health tech alliance June 17, 2025 UK science minister Lord Patrick Vallance has urged the US and UK to deepen ties across the health tech and life sciences sectors, calling the move a “unique opportunity” to unlock economic growth and medical innovation on both sides of the Atlantic. Speaking at the BIO 2025 global biotech conference in Boston, Vallance told delegates [...]
Are Brexit Britain and Carney’s Canada a dream match? June 17, 2025 As Carney balances political principles with market realities, post-tariff Canada could learn from Brexit Britain, writes Michael Martins.
Liquid Glass launch shows Apple is cautious on AI June 17, 2025 Apple's headline 'liquid glass' announcement at WWDC shows the tech company is deliberately cautious on AI, writes Paul Armstrong.
Inside the privacy risks of Meta’s new AI app June 16, 2025 Meta’s push into consumer-facing AI has triggered a wave of concern among privacy experts and regulators, as its new chatbot app quietly exposes sensitive user data through a public-facing feed – an issue that has surfaced in multiple jurisdictions, including the UK. Launched in April, the standalone Meta AI app integrates directly with users’ Facebook [...]