Which? is taking legal action against Apple, alleging the company breached competition law by pressuring customers to use its iCloud service. Which? argues that Apple encouraged users to store their data on iCloud, making it challenging to switch to other providers, and then charged users when they exceeded the free 5GB limit. This practice, they claim, led to overcharges, costing consumers up to £13.36 ($16.98) this year in subscription fees.
Apple denies any wrongdoing, stating customers are not required to use iCloud and often choose third-party alternatives. However, if Which? succeeds, around 40 million Apple customers in the UK who have used iCloud over the last nine years could be entitled to compensation.
Which? CEO Anabel Hoult emphasised that the action aims to secure refunds for consumers, prevent future anti-competitive behaviour, and promote a fairer market. The group plans to file the claim with the Competition Appeal Tribunal.
Amazon has launched ‘Amazon Haul,’ a low-cost shopping service aimed at capturing budget-conscious consumers in the US The platform offers a range of products priced primarily under $10, with some items starting at just $1. Accessible through the Amazon app, the service caters to customers looking for affordable essentials and aligns Amazon with popular discount rivals like Temu and Shein.
The move comes as Amazon adapts to changing consumer habits, with CEO Andy Jassy noting a shift toward cheaper items and basic goods. Available via an app update, users can explore ‘Haul’ by simply searching for it within the Amazon interface. The company hopes this initiative will appeal to customers seeking value in a tightening economy.
By tapping into the growing market for low-cost ecommerce, Amazon aims to strengthen its position against rising competition from Chinese platforms. With its vast product range and customer base, ‘Amazon Haul’ could redefine how Americans shop for everyday low-cost items.
South Korean authorities have arrested 215 individuals in connection with the country’s largest cryptocurrency investment scam, which reportedly defrauded investors of 320B won ($228.4M). Among those detained is the alleged leader of the operation, who is accused of selling 28 worthless virtual tokens to approximately 15,000 victims with promises of high returns.
According to police, the group issued six of the tokens on overseas crypto exchanges and manipulated their values through market-making teams. To attract investors, they established consulting companies, recruited sales teams, and targeted viewers of a YouTube channel. Officials revealed that many of the tokens were fraudulent and lacked real value.
This case highlights growing concerns over cryptocurrency-related scams in South Korea and globally, as unregulated digital assets continue to attract both investors and opportunistic criminals. The arrests mark a significant step in addressing financial crimes in the fast-evolving crypto landscape.
Visa has announced a partnership with fintech Affirm to introduce a new feature allowing United States customers to use a single card for both debit transactions and buy now, pay later (BNPL) purchases. The feature aims to meet growing consumer demand for payment flexibility. Visa will also launch the service in the United Arab Emirates in collaboration with Liv Bank and plans to expand to Europe in the coming months.
Mark Nelsen, Visa‘s global head of consumer products, highlighted that customers increasingly prioritise convenience in payments, especially as e-commerce continues to thrive. A Visa study revealed that 51% of card users desire access to multiple accounts and funding options through a single credential, streamlining their payment experiences. The ‘Flexible Credential’ feature is already available in markets such as Hong Kong, Japan, and Singapore, with further expansion planned over the next year.
Visa and Affirm’s collaboration signals a growing trend of traditional financial institutions working with fintech firms to drive innovation. While fintech companies have often been seen as challengers to established banks, such partnerships can benefit both sides by unlocking new revenue opportunities. Affirm CEO Max Levchin emphasised the company’s commitment to providing a seamless product that integrates debit and credit without hidden fees.
As AI becomes more integrated into daily life, Americans have expressed mixed feelings about its role in job hiring. A survey conducted by Talker Research between October 21-24 revealed that 43% of respondents felt uneasy with AI conducting job interviews, while 32% were comfortable. Generational differences were also evident, with younger generations, particularly Gen Z, more accepting of AI-led interviews than older generations like Baby Boomers.
Despite the concerns, AI’s role in recruitment continues to grow. Philip Gjørup, co-founder of Nord Comms, believes AI could revolutionise the hiring process by swiftly identifying key attributes in candidates. Similarly, Lars Nyman from CUDO Compute points out that AI is already used to assess resumes and assess initial candidate fit, making AI-led interviews a logical next step.
However, AI faces limitations in capturing the personal touch needed in job interviews. While experts agree that AI can streamline recruitment, they also acknowledge that nuanced interpersonal skills, which are vital in interviews, remain beyond the capabilities of current AI technology.
The rising use of AI in hiring has raised concerns about the dehumanising effects of algorithms making important career decisions. Many worry about a lack of empathy in the process, with some likening it to pitching one’s career story to a ‘vending machine.’ As AI technology develops, it may take more time for people to adapt to its growing presence in the hiring process.
The US Commerce Department has pledged up to $18.2 million in funding to California-based Akash Systems to build a 40,000-square-foot cleanroom facility dedicated to advanced semiconductor manufacturing in West Oakland, California. This funding, part of the $52.7 billion semiconductor subsidy program, will be combined with Akash’s own investments and venture capital to create a $121 million production site for Diamond Cooling substrates and systems designed to enhance thermal management in AI-driven data centres.
Akash CEO Felix Ejeckam highlighted this investment as a significant step in meeting the challenges of high-performance computing. Last year, the company also established a landmark labor neutrality agreement for West Oakland semiconductor production workers in partnership with the IUE-CWA union, covering both construction and production roles.
The announcement comes as the Commerce Department works to finalise semiconductor grants under the 2022 Chips and Science Act, aimed at bolstering US-based chip production to reduce reliance on Asia. Thus far, around 20 companies have been awarded 36 billion in preliminary agreements, including a finalised $123 million deal with Polar Semiconductor to modernise its facility in Minnesota. Additional awards for major chipmakers, including Taiwan Semiconductor Manufacturing Co. and GlobalFoundries, are expected before the administration transition in January.
China’s Taiwan Affairs Office has criticised a recent US decision to halt Taiwan Semiconductor Manufacturing Co. (TSMC) from shipping advanced chips to certain Chinese customers. The office’s spokeswoman, Zhu Fenglian, stated that the US is ‘playing the Taiwan card’ to heighten tensions in the Taiwan Straits and that the move negatively impacts Taiwanese businesses. This statement follows reports that TSMC stopped these shipments on Monday after an order from US authorities.
The restricted chips, widely used in AI technology, are part of ongoing US efforts to tighten export controls amid rising bipartisan concerns over Chinese access to advanced tech. The restrictions follow a recent notification by TSMC to the US Commerce Department, revealing that one of its chips was used in a Huawei AI processor. Huawei, a central figure in US-China tech tensions, has been under trade restrictions, requiring suppliers to secure licenses for any technology exports.
Revolut has expanded its crypto exchange, Revolut X, to an additional 30 European countries, making advanced trading tools and analytics accessible to more users. The platform, originally launched in May, offers competitive flat fees of 0.00% for makers and 0.09% for takers, appealing to both retail and professional traders.
With features like real-time market data, TradingView charts, and dashboards highlighting top-performing tokens, Revolut X supports informed decision-making. For retail users, the app includes the Crypto Learn tool, which aims to boost understanding of the crypto market. Most funds are stored securely in cold storage, with 24/7 support via encrypted chat.
In August, Revolut partnered with Ledger to enable direct crypto purchases through its app, further integrating users into the digital asset ecosystem. As the fintech giant continues to grow its presence, it is also planning to launch a stablecoin to compete with leading players in the industry.
AI-powered search engine Perplexity has started testing advertisements in the US, marking its first foray into ad-based monetisation. These ads appear as ‘sponsored follow-up questions,’ offering suggestions like ‘How can I use LinkedIn to enhance my job search?’ They are labelled and displayed alongside AI-generated answers without altering the platform’s objectivity or user privacy.
The company views advertising as essential for sustainable revenue growth, complementing its premium subscription service. Perplexity is partnering with brands like Indeed and Whole Foods, emphasising its ability to connect advertisers with high-income, educated audiences. However, critics have raised concerns about the platform’s reach and allegations of plagiarism, including lawsuits from major publishers like Dow Jones and The New York Times.
With pressure to diversify income streams, Perplexity is exploring ad formats as it approaches a potential $9B valuation. It remains committed to refining its tools and addressing industry concerns while adapting its platform for broader monetisation.
The UK government is considering fines of up to £10,000 for social media executives who fail to remove illegal knife advertisements from their platforms. This proposal is part of Labour’s effort to halve knife crime in the next decade by addressing the ‘unacceptable use’ of online spaces to market illegal weapons and promote violence.
Under the plans, police would have the power to issue warnings to online companies and require the removal of specific content, with further penalties imposed on senior officials if action is not taken swiftly.The government also aims to tighten laws around the sale of ninja swords, following the tragic case of 16-year-old Ronan Kanda, who was killed with a weapon bought online.
Home Secretary Yvette Cooper stated that these new sanctions are part of a broader mission to reduce knife crime, which has devastated many communities. The proposals, backed by a coalition including actor Idris Elba, aim to ensure that online marketplaces take greater responsibility in preventing the sale of dangerous weapons.
