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In September 2025, multiple high-profile data breaches and cybersecurity incidents emerged globally. WhatsApp's former security chief sued Meta over systemic security flaws and retaliation. Luxury group Kering disclosed a breach affecting millions of customers. UK retailer Co-op reported a cyberattack causing significant financial losses and operational disruption. Meanwhile, Neon Mobile app faced a critical security flaw exposing user call data, leading to a temporary shutdown.
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Multiple banking developments are underway: UK banks increase switching bonuses, Israel's Esh Bank begins limited operations with a revenue-sharing model, and the UAE launches a new instant payment platform. These efforts aim to boost competition, transparency, and customer benefits in banking services.
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Labour proposes reforms to streamline UK home purchases, requiring upfront property information and earlier binding contracts. The goal is to cut transaction times by four weeks, saving first-time buyers around £710. The government plans to consult further and implement digital processes, drawing on international models, to reduce delays and costs.
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The FCA's proposed scheme to compensate victims of car finance mis-selling faces criticism from MPs, industry leaders, and consumer groups. Concerns focus on the scheme's low payouts, potential economic impact, and influence from lender profits. The scheme aims to address mis-sold agreements from 2007-2024, with payouts averaging £700, but critics argue this undervalues claims.
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A year after Reeves' tax hikes, the UK economy shows signs of slowdown, with weak Q3 growth, rising borrowing, and consumer uncertainty. Despite initial strong start, recent data indicates limited growth prospects for 2026 amid inflation and political pressures.