Sony to hike PS5 prices by $100 as AI and Iran war push up memory chip costs

The Guardian 7 hours ago

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Sony to hike PS5 prices by $100 as AI and Iran war push up memory chip costs

Updated prices of PlayStation 5 consoles to go into effect on 2 April as electronics makers face rising cost pressuresSony is raising global prices of its PlayStation 5 consoles, including a $100 increase in the US, marking its second hike in less than a year as the entertainment giant grapples with rising costs of key components such as memory chips.The tech industry’s race to build out artificial intelligence infrastructure has pushed memory makers to favor higher-margin datacenter chips, tightening supply for consumer devices like the ones Sony sells. Continue reading...

The Guardian 7 hours ago

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange themLloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders.The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set up by Lloyds’ motor finance arm, Black Horse. Continue reading...

The Guardian 7 hours ago

The Guardian view on social media in the dock: tech bros move fast – society is trying to catch up | Editorial

Two court cases have shown how companies can be forced to take responsibility for their impact on public healthDebate about online harms has tended to focus on abusive and hateful content. But the form in which content is delivered is at least as important. That point is central to this week’s momentous decisions against Meta and YouTube, by two US juries. It will take more than these cases to loosen big tech’s tight grip on much of the world’s attention. But the fact that both companies were found liable in California, for deliberately designing addictive products that harmed a child, is a massive win for the coalition of campaigners aiming to use the US courts to force the platforms to change their products.The second case against Meta, in New Mexico, found it liable over the use of Facebook and Instagram for child sex trafficking, with a Guardian investigation cited in the complaint. The jury ordered it to pay $375m in civil liabilities; the state’s attorney general is seeking platform changes and financial penalties.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...

The Guardian 8 hours ago

UK government borrowing costs hit 5% as Iran war fuels bond market sell-off

Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate risesUK government borrowing costs have risen above 5% amid an intensifying global bond market sell-off fuelled by the Iran war.The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict. Continue reading...

The Guardian 9 hours ago

Asda warns of ‘temporary shortages’ at some petrol pumps amid Iran war

Comments from boss Allan Leighton come as squeeze on supplies drives average UK petrol price above 150p a litreBusiness live – latest updatesThe boss of Asda has warned of “temporary shortages’” at petrol pumps as supplies are squeezed by the conflict in the Middle East, which has driven up average UK petrol prices to above 150p a litre.Allan Leighton, the executive chair of the supermarket chain, which is the UK’s second largest fuel retailer, said it had been experiencing high demand from drivers as fuel prices have jumped about over the past four weeks since the war started. Continue reading...

The Guardian 10 hours ago

Five Guys CEO says he gave a $1.5m bonus to his workers so he wouldn’t get shot in the back

Jerry Murrell seemingly alluded to healthcare CEO killing when he explained giving bonus to workers after bungled promotionSign up for the Breaking News US email to get newsletter alerts in your inboxFive Guys’ chief executive officer, Jerry Murrell, said he gave a $1.5m bonus to employees of his US-based burger restaurant chain because “I didn’t want anybody shooting me” after the company recently “screwed … up” a buy-one-get-one-free promotion.Murrell did not elaborate on the comment, which he gave to Fortune in an interview published on Wednesday – but it came a little more than a year after the UnitedHealthcare CEO Brian Thompson was shot dead on a midtown Manhattan street in what was widely considered a murderous rebuke of the US health insurance industry’s profit-driven practices. Continue reading...

The Guardian 10 hours ago

Italy investigates beauty brands over concerns about young girls’ mental health

Regulator fears use of ‘covert marketing strategies’ by Sephora and Benefit might fuel compulsive habits Italian regulators are investigating Sephora and Benefit Cosmetics over the apparent use of “covert marketing strategies” to sell beauty products to young girls that might be fuelling an unhealthy skincare obsession known as “cosmeticorexia”.The Italian Competition Authority said it was looking into promotions for skincare products such as face masks, serums and anti-ageing creams that in some cases appeared to target girls under 10. Continue reading...

The Guardian 10 hours ago

Ministers should ‘start doing stuff’ to help farmers and cut fuel costs, says Asda boss

Allan Leighton predicts food prices will inevitably rise, as group’s full-year profits dive by a third to £764mAsda’s executive chair has called on the government to “stand up and start doing stuff” to support farmers and ease the price of fuel as he warned that food prices would inevitably rise as a result of the conflict in the Middle East.Allan Leighton said farmers were under pressure but the supermarket chain had so far received “a trickle of requests not an avalanche” of cost price increases from its suppliers, as they were under pressure from higher fertiliser, energy and fuel costs. Continue reading...

The Guardian 11 hours ago

‘Tempolimit? Nein, danke!’: why German petrolheads won’t slow down – despite the energy crisis

Driving fast is in ‘the German DNA’, say lovers of the speed-limit free Autobahn, but support in the country for a restriction is growingDeath-defying thrills are not what draws Lutz Leif Linden to zip down the Autobahn faster than a plane taking off. Instead, the feeling of freedom and an appreciation of technological mastery play a part in his “almost loving relationship” with driving cars faster than most people can imagine.The top speed he has reached on the road in Germany, the world’s only democracy without a blanket speed limit on motorways, is 400km/h (249mph). “It’s like an airplane,” said Linden, the president of the Automobile Club of Germany (AvD). “You are faster than an Airbus at start.” Continue reading...

The Guardian 13 hours ago

Number of AI chatbots ignoring human instructions increasing, study says

Exclusive: Research finds sharp rise in models evading safeguards and destroying emails without permissionAI models that lie and cheat appear to be growing in number with reports of deceptive scheming surging in the last six months, a study into the technology has found.AI chatbots and agents disregarded direct instructions, evaded safeguards and deceived humans and other AI, according to research funded by the UK government-funded AI Security Institute (AISI). The study, shared with the Guardian, identified nearly 700 real-world cases of AI scheming and charted a five-fold rise in misbehaviour between October and March, with some AI models destroying emails and other files without permission. Continue reading...

The Guardian 14 hours ago

The new Trump coin will have an eagle on the back. Here are some better options | Dave Schilling

The real defining image of this presidency should be the bank statement of the average American citizenShockingly, inexplicably, Donald Trump keeps finding new places to put his face. Also, his name. Or initials. Or one of those drawings of a turkey a kid does by tracing the outline of their hand. He’s got his ballroom, the Kennedy Center and a proposed 250ft arch that would become one of the tallest buildings in all of Washington DC – a city with longstanding height restrictions for development. His signature will be on US dollars later this year, in a first for a sitting president. I’d ask if he was getting tired of all the attention, but I think we know the answer to that. Up next is a commemorative gold coin – worth exactly $1 – featuring Trump’s scowling visage looming menacingly over the Resolute Desk in the Oval Office.It’s a pretty classic Trump pose, designed to make a nearly-80-year-old man with a variety of mystery bruises who eats McDonald’s on a regular basis look physically intimidating. Beyond the president sporting a classic gen Z pout, the Commission of Fine Arts (a panel appointed by You Know Who) recommended this coin be “as large as possible”, which immediately makes me think of the giant penny Bruce Wayne keeps in the Batcave. Good luck trying to feed a parking meter with that.Dave Schilling is a Los Angeles-based writer and humorist Continue reading...

The Guardian 14 hours ago

UK car production falls 17% as industry warns of ‘worrying’ decline

Weak demand and global trade pressures hit ouput, with energy price rises expected to bring further dropBusiness live – latest updatesFewer cars rolled off UK production lines in February in what the industry called an “extremely worrying” slump even before the impact of the Iran war was felt.Vehicle production was 17% lower last month on the same period in 2025, according to the Society of Motor Manufacturers and Traders, as exports dropped sharply. Continue reading...

The Guardian 14 hours ago

Almost half a million Lloyds customers had personal data exposed in IT glitch

Letter from group published by MPs blames 12 March glitch on software update to its mobile banking appsLloyds Banking Group exposed the personal data of nearly 500,000 customers in an IT glitch that left people’s payments, account details and national insurance numbers visible to other users, a committee of MPs has revealed.A letter from Lloyds, published by MPs on the Treasury select committee on Friday, blamed the glitch on a software defect introduced during an IT update to its Lloyds, Halifax and Bank of Scotland mobile banking apps overnight into 12 March. Continue reading...

The Guardian 15 hours ago

Starmer vows to ‘fight’ social media firms to protect children from addiction

Prime minister says government needs to show it is on families’ side as new screen-time guidance launchedUK politics live – latest updatesKeir Starmer has promised a “fight” with social media companies amid efforts to limit children’s use of mobile phones, tablets and TVs, as new official guidance recommends children under five spend no more than an hour a day on screens.The guidance, developed by a panel led by the children’s commissioner, Rachel de Souza and children’s health expert Prof Russell Viner, advises screen time for children under two should be avoided other than for shared activities. Continue reading...

The Guardian 15 hours ago

Labour under pressure to appoint Tory ex-minister as next Ofcom chair

Liz Kendall urged by online safety figures to give job to Jeremy Wright ahead of Labour peer Margaret HodgeMinisters are facing pressure to appoint a Conservative former cabinet minister as the new chair of the media regulator Ofcom, as he battles for the role against a Labour peer.The job of running the regulator has become a key post in public life amid concern over the rapid growth of online content and the rise of more politically partisan broadcasting. No successor has been named to replace Michael Grade, the former BBC chair who has just weeks left in the job. Continue reading...

The Guardian 15 hours ago

Five firms including Autotrader and Just Eat investigated over fake review failings

CMA also looks into Pasta Evangelists, funeral operator Dignity and review company Feefo in latest crackdownI was paid to write fake Google reviews – then my ‘bosses’ tried to scam meBusiness live – latest updatesThe UK competition watchdog has launched investigations into five companies including Autotrader and Just Eat over concerns they have not done enough to tackle fake and misleading online reviews.The Competition and Markets Authority (CMA), which has previously investigated the tech companies Amazon and Google, said its latest crackdown includes the funeral services operator Dignity, the review company Feefo and the restaurant chain Pasta Evangelists. Continue reading...

The Guardian 16 hours ago

I was paid to write fake Google reviews – then my ‘bosses’ tried to scam me

Undercover reporter gets a taste of the sprawling fraud industry in which cryptocurrencies play a crucial roleFive firms including Autotrader and Just Eat investigated over fake review failingsThe holiday flat near(ish) the Roman ruins of Pompeii was “disgusting”, and smelled of “a mix of dampness and sewage”, according to one reviewer on Google Maps. I never visited, but I gave it five stars.I did the same for a DoubleTree by Hilton hotel across the River Thames, an Ibis budget hotel in east London that is part of the Accor group, a central Travelodge and the nearby Hyatt Place – some of the best-known hotel brands in the world. Scattered in there were requests for reviews for hostels and B&Bs in Genova, Naples, Maastricht, Krakow and Brussels. For a few days I had a new job: writing fake reviews on Google Maps in exchange for cryptocurrency. Continue reading...

The Guardian 18 hours ago

Governments controlling prices? It has long been unthinkable – but may now be inevitable | Andy Beckett

In Mexico and Spain, leaders who have capped public costs have been rewarded at the ballot box. As another cost of living surge arrives, it may be a policy our leaders are unable to resist Politicians are not supposed to meddle with prices. Even though much of politics is about whether voters can afford things – especially in an era of recurring inflationary shocks – ever since the collapse of the Soviet Union’s planned economy four decades ago, the orthodoxy across much of the world has been that only markets should decide what things cost.As the hugely influential Austrian economist Friedrich Hayek argued, in a complex modern society, information is too dispersed among potential sellers and buyers of goods or services for government to make informed and correct decisions about the prices of those goods. Hence, his disciples say, the inefficiency of state-run economies, from post-colonial Africa to the eastern bloc.Andy Beckett is a Guardian columnist Continue reading...

The Guardian 18 hours ago

In Thailand’s rice paddies, rising petrol prices spell chaos for farmers

Farmers need fuel to keep water pumps running, but many petrol stations are empty and fears are now growing over the war’s impact on cost of fertiliserFollow our live coverage of the events in the Middle East hereThanadet Traiyot waited in line for hours at his local gas station, armed with containers and desperately hoping to secure much-needed diesel for his rice fields in Ayutthaya, central Thailand. He was third in the queue when the shop announced their supplies had run dry. That was five days ago; he still hasn’t managed to restock to his normal levels.Back on his farm, Thanadet wades into his rice paddies, weaving past tall green stalks to assess the water levels and decide which of his water pumps can be turned off. Water needs to be spread equally across the fields, he says, but he doesn’t have enough diesel to keep everything running. Continue reading...

The Guardian 20 hours ago

Ed Miliband’s stock is rising because he’s a rare commodity in Labour these days: a thinker | Gaby Hinsliff

The party seems to have woken up to its need for an old-style intellectual heavyweight to counter the vacuousness of recent yearsNature famously abhors a vacuum. So when Morgan McSweeney departed government, leaving a hole where much of Keir Starmer’s thinking used to be, it was always going to be filled eventually. And increasingly, that filling looks Ed Miliband-shaped.The energy secretary’s influence has visibly grown in recent weeks, and not just because of a spiralling energy crisis in the Gulf. The idea that he is the real prime minister now – the one supposedly calling the shots over everything from whether Britain should join the war on Iran to how far it should pursue its “fatwa against fossil fuels”, as Michael Gove, the former Tory minister turned Spectator editor-in-chief, huffed recently – is on one level just another attempt by the opposition to humiliate Starmer, painting him as a lame-duck leader pushed around by underlings. But if the truth is a bit more nuanced than that, there’s no denying Miliband has grown in stature of late.Gaby Hinsliff is a Guardian columnistGuardian Newsroom: Can Labour come back from the brink?On Thursday 30 April, join Gaby Hinsliff, Zoe Williams, Polly Toynbee and Rafael Behr as they discuss how much of a threat Labour faces from the Green party and Reform UK – and whether Keir Starmer can survive as leader. Book tickets here Continue reading...

The Guardian 20 hours ago

Is Trump losing it? (the war of course) – podcast

Donald Trump says the US has won its war with Iran. Iranian officials responded to this by mocking him.This week, Jonathan Freedland speaks to Susan Glasser of the New Yorker about analysis suggesting Trump is losing his touch when it comes to sealing the deal, winning elections or just having the energy to run the White HouseArchive: NBC News, CNN, Bloomberg Television, ABC News, BBC News Continue reading...

The Guardian 21 hours ago

‘Accountability has arrived’: dual US court losses show shifting tide against Meta and co

With two unprecedented trial defeats, big tech firms face crisis akin to that faced by cigarette makers in the 1990sIn the span of just two days, the most powerful social media company in the world faced a more severe public reckoning than it has in years.Jurors in California and New Mexico gave back-to-back verdicts this week that for the first time ever found Meta liable for products that inflict harm on young people. For years, lawmakers, parents and advocates have raised red flags over how social media can hurt children, but now the tech firms are being held to account via court rulings that could set long-lasting precedents. Continue reading...

The Guardian 1 day ago

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