Economic

Imperial College unveils plans for new AI campus in west London

Imperial College London has launched a public consultation on plans for a new twelve-storey academic building in White City dedicated to AI and data science.

A proposed development that will bring together computer scientists, mathematicians, and business specialists to advance AI research and innovation.

A building that will include laboratories, research facilities, and public areas such as cafés and exhibition spaces. It forms part of Imperial’s wider White City masterplan, which also includes housing, a hotel, and additional research infrastructure.

The university aims to create what it describes as a hub for collaboration between academia and industry.

Outline planning permission for the site was granted by Hammersmith and Fulham Council in 2019. The consultation is open until 26 October, after which a formal planning application is expected later this year. If approved, construction could begin in mid-2026, with completion scheduled for 2029.

Imperial College, established in 1907 and known for its focus on science, engineering, medicine, and business, sees the new campus as a step towards strengthening the position of the UK in AI research and technology development.

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Amazon expands Project Kuiper with new satellite launches

Amazon’s Project Kuiper is moving ahead with its global satellite internet network, adding another 24 satellites to orbit as part of its ongoing deployment plan.

The latest mission, known as KF-03, is scheduled for today, launching on a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.

The KF-03 launch will bring the total number of Kuiper satellites to 153, furthering the plan of Amazon to build a low Earth orbit constellation of more than 3,200 spacecraft.

Once deployed at an altitude of 289 miles, the satellites will undergo health checks before being raised to their operational orbit of 392 miles. The mission marks Amazon’s third collaboration with SpaceX as part of over 80 launches planned for the project.

Earlier missions in 2025 included deployments using both SpaceX Falcon 9 and ULA Atlas V rockets. The first launch in April carried 27 satellites, followed by additional missions in June, July, August and September.

Each operation has strengthened the foundation of Kuiper’s network, which aims to provide reliable internet connectivity to customers and communities worldwide.

Amazon’s Project Kuiper represents a major investment in global connectivity infrastructure, with its Kennedy Space Center facility in Florida supporting multiple launch campaigns simultaneously.

Once complete, the system is expected to compete with other satellite internet networks by expanding digital access across underserved regions.

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Beer deliveries falter after Asahi cyber crisis

A ransomware attack by the Qilin group has crippled Asahi Group Holdings, Japan’s leading brewer, halting production across most of its 30 factories. Over 27GB of stolen Asahi data appeared online, forcing manual order processing with handwritten notes and faxes.

The attack has slashed shipments to 10-20% of normal capacity, disrupting supplies of its popular Super Dry beer.

Small businesses, like Tokyo’s Ben Thai restaurant, are left with dwindling stocks, some down to just a few bottles. Retail giants such as 7-Eleven, FamilyMart, and Lawson warn of shortages affecting not only beer but also Asahi’s soft drinks and bottled teas.

Liquor store owners, grappling with limited deliveries, fear disruptions could persist for weeks given Asahi’s 40% market dominance.

Experts point to Japan’s outdated legacy systems and low cybersecurity expertise as key vulnerabilities, making firms like Asahi prime targets. Recent attacks on Japan Airlines and Nagoya’s port highlight a growing trend.

The reliance on high trust in Japanese society further emboldens hackers, who often demand ransoms from unprepared organisations.

The government’s Active Cyber Defense Law aims to strengthen protections by enhancing information sharing and empowering proactive counterattacks. Chief Cabinet Secretary Yoshimasa Hayashi confirmed an ongoing investigation into the Asahi breach.

However, small vendors and customers face ongoing uncertainty, with no clear timeline for full recovery of Japan’s beloved brews.

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Tech giants race to remake social media with AI

Tech firms are racing to integrate AI into social media, reshaping online interaction while raising fresh concerns over privacy, misinformation, and copyright. Platforms like OpenAI’s Sora and Meta’s Vibes are at the centre of the push, blending generative AI tools with short-form video features similar to TikTok.

OpenAI’s Sora allows users to create lifelike videos from text prompts, but film studios say copyrighted material is appearing without permission. OpenAI has promised tighter controls and a revenue-sharing model for rights holders, while Meta has introduced invisible watermarks to identify AI content.

Safety concerns are mounting as well. Lawsuits allege that AI chatbots such as Character.AI have contributed to mental health issues among teenagers. OpenAI and Meta have added stronger restrictions for young users, including limits on mature content and tighter communication controls for minors.

Critics question whether users truly want AI-generated content dominating their feeds, describing the influx as overwhelming and confusing. Yet industry analysts say the shift could define the next era of social media, as companies compete to turn AI creativity into engagement and profit.

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Google cautions Australia on youth social media ban proposal

The US tech giant, Google (also owner of YouTube), has reiterated its commitment to children’s online safety while cautioning against Australia’s proposed ban on social media use for those under 16.

Speaking before the Senate Environment and Communications References Committee, Google’s Public Policy Senior Manager Rachel Lord said the legislation, though well-intentioned, may be difficult to enforce and could have unintended effects.

Lord highlighted the 23-year presence of Google in Australia, contributing over $53 billion to the economy in 2024, while YouTube’s creative ecosystem added $970 million to GDP and supported more than 16,000 jobs.

She said the company’s investments, including the $1 billion Digital Future Initiative, reflect its long-term commitment to Australia’s digital development and infrastructure.

According to Lord, YouTube already provides age-appropriate products and parental controls designed to help families manage their children’s experiences online.

Requiring children to access YouTube without accounts, she argued, would remove these protections and risk undermining safe access to educational and creative content used widely in classrooms, music, and sport.

She emphasised that YouTube functions primarily as a video streaming platform rather than a social media network, serving as a learning resource for millions of Australian children.

Lord called for legislation that strengthens safety mechanisms instead of restricting access, saying the focus should be on effective safeguards and parental empowerment rather than outright bans.

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Digital assets set to double in portfolios

Investment institutions now allocate an average of 7% of their portfolios to digital assets, with projections indicating a rise to 16% within three years. Digital cash and tokenised equities or fixed income dominate, each comprising about 1% of portfolios.

Asset managers show greater exposure than asset owners, particularly in Bitcoin and Ethereum, with some even investing in smaller cryptocurrencies and NFTs.

Asset managers lead in adopting tokenised assets, holding 6% in public asset tokenisation and 5% in private assets, compared to just 1% and 2% for asset owners. Digital cash also sees higher adoption among managers at 7% versus 2% for owners.

Despite this, cryptocurrencies like Bitcoin and Ethereum drive the majority of returns, with 27% and 21% of respondents citing them as top performers, respectively.

Looking ahead, private assets are expected to lead the tokenisation trend, with most institutions anticipating digital assets will become mainstream within a decade. By 2030, over half of respondents expect 10-24% of investments in digital assets or tokenised instruments, showing cautious optimism.

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Netherlands safeguards economic security through Nexperia intervention

The Dutch Minister of Economic Affairs has invoked the Goods Availability Act in response to serious governance issues at semiconductor manufacturer Nexperia.

The measure, announced on 30 September 2025, seeks to ensure the continued availability of the company’s products in the event of an emergency. Nexperia, headquartered in Nijmegen, will be allowed to maintain its normal production activities.

A decision that follows recent indications of significant management deficiencies and actions within Nexperia that could affect the safeguarding of vital technological knowledge and capacity in the Netherlands and across Europe.

Authorities view these capabilities as essential for economic security, as Nexperia supplies chips for the automotive sector and consumer electronics industries.

Under the order, the Minister of Economic Affairs may block or reverse company decisions considered harmful to Nexperia’s long-term stability or to the preservation of Europe’s semiconductor value chain.

The Netherlands government described the use of the Goods Availability Act as exceptional, citing the urgency and scale of the governance concerns.

Officials emphasised that the action applies only to Nexperia and does not target other companies, sectors, or countries. The decision may be contested through the courts.

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Fake VPN apps linked to banking malware warn security experts

Security researchers have issued urgent warnings about VPN applications that appear legitimate but secretly distribute banking trojans such as Klopatra and Mobdro.

The apps masquerade as trustworthy privacy tools, but once installed they can steal credentials, exfiltrate data or give attackers backdoor access to devices. Victims may initially notice nothing amiss.

Among the apps flagged, some were available on major app platforms, increasing the risk exposure. Analysts recommend users immediately uninstall any unfamiliar VPN apps, scan devices with a reputable security tool and change banking passwords if suspicious activity is detected.

Developers and platform operators are urged to strengthen vetting of privacy tool submissions. Given that VPNs are inherently powerful (encrypting traffic, accessing network functions), any malicious behaviour can escalate rapidly.

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Meta may bring Reels to the big screen with Instagram TV

Instagram is reportedly exploring plans to launch a dedicated TV app aimed at expanding its video reach across larger screens.

The move was revealed by CEO Adam Mosseri at the Bloomberg Screentime conference in Los Angeles, where he said that as consumption behaviour shifts toward TV, Instagram must follow.

Mosseri clarified that there’s no official launch yet, but that the company is actively considering how to present Instagram content, especially Reels, on TV devices in a compelling way.

He also ruled out plans to license live sports or Hollywood content for the TV app, emphasising Instagram would carry over its existing focus on short-form and vertical video rather than pivoting fully into full-length entertainment.

The proposed TV app would deepen Instagram’s stake in the video space and help it compete more directly with YouTube, TikTok and other video platforms, especially as users increasingly watch video content in living rooms.

However, translating vertical video formats like Reels to a horizontal, large-screen environment poses design, UX and monetisation challenges.

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Google faces UK action over market dominance

Google faces new regulatory scrutiny in the UK after the competition watchdog designated it with strategic market status under a new digital markets law. The ruling could change how users select search engines and how Google ranks online content.

The Competition and Markets Authority said Google controls more than 90 percent of UK searches, giving it a position of unmatched influence. The designation enables the regulator to propose targeted measures to ensure fair competition, with consultations expected later in 2025.

Google argued that tighter restrictions could slow innovation, claiming its search tools contributed £118 billion to the UK economy in 2023. The company warned that new rules might hinder product development during rapid AI advancement.

The move adds to global scrutiny of the tech giant, which faces significant fines and court cases in the US and EU over advertising and app store practices. The CMA’s decision marks the first important use of its new powers to regulate digital platforms with strategic control.

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