US News, Summarized

• Visa introduced six AI tools on April 1, 2026, to modernize credit-card dispute processes for merchants, issuers, and acquirers using generative responses and predictive models. • The tools address over 103 million disputes processed in 2025, a 35% increase since 2019, with features like document summarization and centralized case management. • Deployment will streamline operations for US financial institutions, reducing resolution times and costs significantly.

• OpenAI secured $122 billion in funding, achieving an $852 billion valuation while advancing toward an AI superapp. • The massive round fuels rapid growth and preparations for a potential IPO in the US market. • This positions OpenAI as a dominant force in AI innovation, attracting top talent and resources.

• Depthfirst raised $80 million in a Series B funding round to bolster its AI-driven cybersecurity capabilities. • The startup plans to expand its AI research team, train additional security models, and scale enterprise adoption across the US. • This funding underscores growing investor confidence in AI tools addressing complex cybersecurity threats amid rising attacks.

• Bank of America rolled out AI agents to approximately 1,000 financial advisors nationwide. • This initiative marks an early integration of AI into core US banking operations for enhanced client services. • The deployment signals broader adoption of AI in finance, improving efficiency and decision-making processes.

Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarilyThames Water is said to be close to a deal with its regulator that would allow the company to avoid new fines for four years, as long as it commits to investing in the business.The controversial offer, reported by the Financial Times, has been put forward by creditors who are hoping to save the struggling utility from being temporarily renationalised. Continue reading...

Labour says it is ‘untenable’ for Simon Dudley to continue in his role after he said that Grenfell was tragic ‘but everyone dies in the end’Good morning. One of the big policy decisions for all parties ahead of the next election is whether or not to keep the pensions triple lock. Most mainstream economists and welfare experts think it is overly generous (pensioners used to be significantly poorer than working-age people, but that is no longer the case), and ultimately unaffordable. But it is popular, and pensioners turn out to vote in elections in much higher numbers than younger people.The Conservatives at one point suggested they might drop it, but Kemi Badenoch now defends the triple lock quite strongly. Labour has not said what its election plans are yet. Nigel Farage, the Reform UK, says he will take tough decisions to cut welfare spending, and he was thought to be sceptical about the triple lock. But Robert Jenrick, his Treasury spokesperson, is thought to be in favour, and at a press conference later they are expected to confirm Reform UK would keep it.Reform UK is facing calls to sack its housing spokesman after he said the Grenfell Tower fire was a “tragedy” but that “everyone dies in the end”.Simon Dudley, a former executive at Homes England and the Ebbsfleet Development Corporation, said the pendulum had “swung too far the wrong way” on regulation after the deadly blaze at the west London tower block in 2017.If Nigel Farage has an ounce of decency, he will sack his housing chief immediately.These disgraceful comments about those who died in the Grenfell Tower fire are beyond the pale and it is completely untenable for Simon Dudley to continue in his position. Continue reading...

After threatening to withdraw from the alliance, the president did not mention it in his address to the nation, and will meet the secretary general, Mark Rutte, next weekAfter all the excitement about Donald Trump’s rapidly escalating rhetoric on Nato and (his own) suggestions he would go even further in last night’s address to the nation, he … just didn’t say anything about it at all.Whether it was the late phone call intervention by Europe’s finest Trump whisperer, Finland’s Alexander Stubb, or the prospect of next week’s Washington visit from Nato’s secretary general Mark Rutte, we will never know, but the fact is that we live to fight another day. Continue reading...

Party’s housing spokesperson made comments while criticising safety regulations brought in after 2017 tragedyCampaigners for Grenfell families have called on Reform UK and its housing spokesperson to apologise after he said the tower fire was a “tragedy” but that “everyone dies in the end”.Simon Dudley, a former head of Homes England, had announced in February that he was joining Reform, as Nigel Farage said he was planning to bring more “experts” onboard to advise the party. Continue reading...

Reversal of fortune comes just one week after she was dumped in favour of Dinesh Gourisetty, who then withdrew his nominationGet our breaking news email, free app or daily news podcastMoira Deeming will secure a top spot on the Victorian Liberal party’s upper house ticket unopposed – less than a week after members voted to dump her – after the withdrawal of candidates from a re-run ballot.Deeming was on Sunday ousted from the number one spot for the western metropolitan region by Dinesh Gourisetty. Continue reading...