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Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact

about 9 hours ago
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Christopher Harborne, the ultra-wealthy political donor who has given £12m to Reform UK, has told the Guardian he is “no longer” interested in a Reform-Conservative pact before the next general election.A possible collaboration between Reform and the Conservative party had been an important aspect of discussions about donations between Harborne and senior figures including Nigel Farage, sources familiar with the conversations said.The Thailand-based cryptocurrency investor had previously wanted Farage to keep an open mind about a pact between the two parties, the same sources added.This position has changed, however.Harborne said in an emailed statement: “In the past this was possibly the case, but it is no longer the case.

”He also said he believed that “cryptocurrency should be regulated in the UK”.Farage has been vocal in advocating for wider adoption of cryptocurrency in Britain, including at a meeting with the governor of the Bank of England, Andrew Bailey, last year.He said the central bank was “moving a little too slowly” on the matter.Reform has promised to turn the UK into a “premier hub” for cryptocurrency and to slash capital gains on it to 10% from the basic rate of 18% or the higher rate of 24%.Harborne told the Guardian Farage was “correct” in saying that he had asked for nothing in return for his donations.

Harborne previously gave £10m to the Brexit party to fund its 2019 election campaign.A significant part of Harborne’s fortune derives from investments in cryptocurrency.One of these bets was on Tether, in which he holds a 12% share.It is now one of the world’s most popular stablecoins – a type of digital asset pegged to the US dollar.He also holds a stake in Tether’s sister exchange Bitfinex.

Harborne founded AML Global, an aviation fuel company, and is also a shareholder in QinetiQ, a British defence company.Born in the UK, he is also known by the Thai name Chakrit Sakunkrit and has taken citizenship in the country.Harborne is known to be friends with George Cottrell, a close aide to Farage, whose family has also donated to the party.Harborne denied Cottrell had played a part in his decision to donate, saying any suggestion of that was “utter rubbish”.Harborne’s latest donation to Reform – £3m in November – was revealed on Thursday.

He had previously given £9m in August, according to Electoral Commission data.The donations have pushed Reform’s fundraising efforts well ahead of the other major parties.In the final three months of last year the party received £5.5m, compared with £1.9m for Labour, £2.

4m for the Conservatives and £1.3m for the Liberal Democrats.Reform is leading political polls in the UK, but its popularity has waned somewhat; it has dropped from a high of 29% in autumn last year to 23% this month, according to voting intention data from the polling company YouGov.Harborne has also previously given money to the Conservative party and £1m to Boris Johnson’s private office after the former prime minister left government.The scale of Harborne’s donations to Reform have revived questions over whether or not there should be a cap on donations from individuals or companies.

Senior Labour MPs have also called for an urgent ban on political donations in cryptocurrency, after the Electoral Commission agreed to allow donations via this route.Reform became the first party to accept donations in the digital currency, in the autumn, according to Farage.
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North Korean agents using AI to trick western firms into hiring them, Microsoft says

Fake IT workers deployed by North Korea are using AI technology, including voice-changing tools, to trick western companies into hiring them, Microsoft has said.The US tech firm said a signature Pyongyang money-raising ruse is being enhanced by AI, which is helping create fake names and alter stolen IDs to increase the credibility of false applicants for IT and software development jobs.The scam typically involves state-backed fraudsters applying for remote IT work in the west, using fake identities and the help of “facilitators” in the country where the company targeted is based. Once hired, they send their wages back to Kim Jong-un’s state and have even been known to threaten to release sensitive company data after being fired.According to a blogpost from Microsoft’s threat intelligence unit, Pyongyang is using AI to bolster the effectiveness of its ploy

about 8 hours ago
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Brent crude hits $90 as Kuwait ‘starts cutting oil production’; shock as US economy loses 92,000 jobs in February – as it happened

The UK stock market has recorded its biggest weekly fall in eleven months, as the Middle East crisis has hit shares.The FTSE 100 share index has closed 129 points lower today at 10,284, a drop of 1.24% during today’s session.That means it has lost 5.75% of its value since the start of this week, its worst performance since the week to 4 April 2025, when Donald Trump’s “Liberation Day” tariffs rocked markets

about 8 hours ago
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UK arts must not be sacrificed for speculative AI gains, peers say

The UK’s creative industries must not be sacrificed in the pursuit of speculative gains in AI technology, a House of Lords committee has warned, as the government prepares to reveal the economic cost of proposals to change copyright rules.A report by peers has urged ministers to develop a licensing regime for the use of creative works in AI products and abandon proposals to let tech firms use the work of novelists, artists, writers and journalists without permission.The call from the House of Lords communications and digital committee comes as the government prepares to release an economic impact assessment of proposed changes to copyright law, as well as a progress update on a consultation about the legal overhaul, by a deadline of 18 March.Barbara Keeley, a Labour peer and committee chair, said the UK’s creative industries faced a “clear and present danger” from AI firms using their work without credit or payment.“AI may contribute to our future economic growth, but the UK creative industries create jobs and economic value now,” she said

about 19 hours ago
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Mark Zuckerberg says criminal behavior on Facebook inevitable

Harms to children, such as sexual exploitation and detriments to mental health, are inevitable on Meta’s platforms, the company’s CEO Mark Zuckerberg and Instagram leader Adam Mosseri said in taped depositions played at a trial in New Mexico on Tuesday and Wednesday.“I just think if you’re serving billions of people, the unfortunate reality is that some very small percent of them are going to be criminals, and we should work as hard as we can to stop that activity from happening,” said Zuckerberg. “I don’t think that the standard for our platforms would be that you should assume that it will ever be perfect.”Meta’s apps, which include Facebook, Instagram, and WhatsApp, are among the most popular in the world, each with 3 billion monthly active users.The trial has set the social media giant against New Mexico’s attorney general, who alleges that Meta’s platforms put profits and user engagement over child safety

1 day ago
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‘Idiot’ to inspiration: Harry Brook’s England leave World Cup with reasons for optimism

If the first months of Harry Brook’s captaincy of England’s white-ball teams have taught us anything, it is that Joe Root knows him well. Looking back now at the teams’ progress since he took over, the run to the T20 World Cup semi-finals, and also at the scandal caused by his notorious drunken escapade in Wellington, the words of Brook’s Yorkshire teammate soon after his appointment seem more astute than ever.“He’s still an idiot, that’s not changed,” Root said. “But as much as he’s an idiot, and I can say that because I’ve known him forever, he’s very cricket intelligent. He might not always be the most intelligent away from cricket, but he understands the game exceptionally well and that’s why he’s so consistent as a batter, and I think that’s what will make him a really good leader

about 7 hours ago
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Tiger Woods’ wavering over captaincy undermines US Ryder Cup ambitions

Chatter on the Bay Hill range this week has suggested the prospect of Tiger Woods making a return to competitive action at next month’s Masters may actually be more than a tale of fantasy. There is even the suggestion Woods could test his competitive ability at a stop on the senior Champions Tour between now and Augusta National. If nothing else, the mere discussion keeps sponsors happy.One never really knows with Woods, whose schedule was always mysterious by design, but his addition to the Masters field would naturally turn heads. Having not played a mainstream tournament since the Open of 2024 – and with an injury record as long as the Trans-Siberian railway – Woods will presumably at some point have to prove he can either remain a relevant part of majors or succumb to the kind of sad, hard-to-watch existence that has befallen scores of sportspeople before him

about 7 hours ago
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Trump says he fired Anthropic ‘like dogs’ as Pentagon formally blacklists AI startup

1 day ago
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Retailers want ‘delightfully human’ AI to do your shopping, but will the chatbots go rogue?

1 day ago
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Google Pixel 10a review: cheaper Android is great, but no real advance

1 day ago
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Sam Altman admits OpenAI can’t control Pentagon’s use of AI

2 days ago
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Elon Musk takes witness stand in trial over Twitter takeover

2 days ago
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Joy of teaching English in the age of AI | Letter

2 days ago