Eyes Openers
  • World News
  • Business
  • Stocks
  • Politics
  • World News
  • Business
  • Stocks
  • Politics

Eyes Openers

Category:

Business

Michael Carrozzo: Service, Strength, and Stillness in Motion
Business

Michael Carrozzo: Service, Strength, and Stillness in Motion

by November 19, 2025

For Michael Carrozzo, leadership isn’t about titles or recognition, It’s about showing up every day with purpose. “You don’t wait for opportunity,” he says. “You create it through consistency.”

From growing up in Southern California to serving as a Major in the U.S. Army, Carrozzo’s story is about discipline, adaptability, and staying true to what matters. His approach to life blends focus and humility, forged through years of service and strengthened by hobbies that keep him grounded.

Lessons from a Southern California Upbringing

Carrozzo grew up in Saugus, California, a place where sports and hard work shaped his early values. “Football and baseball taught me everything I needed to know about teamwork,” he recalls. “You learn that you win together, and you lose together.”

Those early experiences gave him a sense of structure and respect for process, values that would guide him through every stage of his adult life. Even now, he credits his small-town roots with giving him a strong foundation. “When you grow up in a close community, accountability matters,” he says. “People remember how you carry yourself.”

Answering the Call: Joining the U.S. Army

In 2004, Michael Carrozzo made a life-changing decision. He joined the United States Army, where he served as a Major in the Judge Advocate General’s Corps (JAG). The transition wasn’t about chasing prestige, it was about serving something bigger than himself.

“I didn’t join for a résumé,” he says. “I joined because I wanted to give back. The Army gives you clarity. It forces you to focus on what truly matters: duty, honor, and trust.”

Serving at the National Training Center and with the 11th Armored Cavalry Regiment, Carrozzo handled challenges that tested both his endurance and emotional strength. He earned multiple U.S. Army medals, but the experience, he says, was its own reward.

“The medals are nice, but what you really carry with you are the people,” he explains. “The soldiers you work with, the stories you hear, the shared belief that service matters, and that stays with you forever..”

Leadership and Discipline Under Pressure

Carrozzo’s years in uniform taught him to lead with composure, not ego. “In the Army, leadership isn’t about barking orders,” he says. “It’s about staying calm so others can do the same.”

He believes that kind of pressure-tested discipline translates to every part of life. Whether it’s decision-making, relationships, or self-improvement, his philosophy stays the same: focus on what you can control and let the rest go.

“The Army shows you the value of preparation,” he explains. “If you’re ready for the tough days, the good days take care of themselves.”

Life Beyond Service: Finding Balance

After his time in the military, Carrozzo focused on balance and well-being, which is something he says is just as vital as discipline. For him, that balance comes from two main passions: golf and sailing.

“Golf keeps you honest,” he says with a smile. “You can’t fake focus on the course. Every swing tells you where your mind is.”

Sailing, on the other hand, reminds him to stay adaptable. “You can’t control the wind,” he explains. “All you can do is adjust your sails. That’s life in a nutshell. You can’t force outcomes, but you can stay steady.”

He spends much of his downtime outdoors, valuing the peace that comes with physical movement and nature. “I think better when I’m outside,” he says. “It clears my head.”

Staying True to Core Values

Even years after his Army service, Carrozzo continues to live by the same principles that guided him then: accountability, humility, and action over talk.

“Titles fade. Achievements fade. What lasts is your reputation,” he says. “People remember how you treated them, not what you owned or what you wore on your chest.”

He often shares stories from his service days with younger generations, emphasizing resilience and perspective. “You don’t need a uniform to serve,” he says. “You just need to care enough to do what’s right.”

A Philosophy for Life

Today, Carrozzo’s focus is simple: staying grounded while continuing to grow. Whether he’s out on the golf course, sailing along the coast, or reflecting on the lessons of service, he maintains the same calm approach that’s defined his life.

“The older I get, the more I realize life’s not about noise, it’s about rhythm,” he says. “You find that rhythm through purpose, patience, and a good sense of humor.”

That steady mindset that discipline without rigidity, confidence without ego, is what makes Michael Carrozzo a model of quiet leadership. His story isn’t about power or titles. It’s about how a life of service, balance, and curiosity can lead to genuine success.

Read more:
Michael Carrozzo: Service, Strength, and Stillness in Motion

November 19, 2025
What to Look for When Choosing Enterprise SMS Solutions
Business

What to Look for When Choosing Enterprise SMS Solutions

by November 19, 2025

Communication is central to today’s digital business landscape, and SMS is one of the most reliable ways to reach customers directly.

An enterprise SMS solution can help your company launch and manage organized campaigns that inform and engage your audience. Consider these factors when searching for the best solutions.

Key Features of an Enterprise SMS Solution

The most effective SMS providers offer valuable services to enhance the customer experience. Consider the following key features of the best SMS solutions.

User-Friendly Setup

A straightforward setup process can significantly streamline the rollout of your SMS campaign. Look for platforms with intuitive interfaces and minimal technical requirements. Many modern solutions offer guided onboarding and pre-built templates to help your team launch text campaigns quickly with minimal setup or specialized training.

Reliability, Compliance and Security

Successful message delivery is critical for large-scale business communication. A strong enterprise SMS provider ensures consistent delivery speeds, allowing you to reach your target audience when you need to. Reliable messaging is essential for time-sensitive campaigns, such as service announcements or delivery notifications.

Additionally, the SMS industry is highly regulated. Compliance with the Telephone Consumer Protection Act and the Cellular Telecommunications Industry Association is crucial for safeguarding your brand reputation and maintaining customer trust. Your chosen platform should have built-in compliance features to simplify adherence to local laws and regulations while providing quality delivery services.

Scalability and Integration Capabilities

As your business grows, your messaging needs will expand. Scalable platforms allow you to manage increasing message volumes and broader regional campaigns with minimal performance issues.

Automation is a key benefit of enterprise-level solutions. Features like text-based triggers, segmentation and scheduled messaging allow marketers to create dynamic and personalized SMS experiences. A good enterprise SMS platform integrates seamlessly with your CRM, marketing automations or analytics software. This capability ensures that your SMS campaigns are a part of a cohesive customer experience strategy.

Two-Way Messaging and Inbox Management

Two-way messaging enables real-time interaction with customers, such as for support, transaction confirmations or feedback. An organized inbox with conversation threads enables teams to collaborate and manage high volumes of responses efficiently.

Analytics and Reporting

Detailed analytics provide insights into delivery rates, response times and campaign performance. Look for user-friendly dashboards, automatic reports and data visualization tools that make it easier to track ROI and refine your strategies.

Top Enterprise SMS Solutions at a Glance

The table below breaks down the top-performing SMS solutions, selected based on the key features listed above.

Provider
Best For
Key Features

CompleteSMS
Large enterprises needing scalable, global messaging
●      24/7 global support

●      High reliability and reach

SimpleTexting
Companies that want user-friendliness and marketing automation
●      1,000+ integrations

●      Intuitive interface

EZ Texting
Businesses prioritizing compliance and regulatory adherence
●      Built-in compliance tools

●      Advanced reporting

SlickText
Growing organizations focused on engaging campaigns
●      Personalized onboarding

●      Strong segmentation

Textedly
Teams looking for simplicity and dependable performance
●      Simple, clean dashboard

●      Automated drip campaigns

What Are the Best Enterprise SMS Solutions in the U.S.?

The following five top-rated enterprise SMS solutions were evaluated based on their functionality and value for businesses seeking quality communications strategies.

1. CompleteSMS

As an enterprise-grade SMS platform, CompleteSMS is built for large organizations that need reliable communication at scale. It combines personalization, compliance and reporting tools in a clean, intuitive and accessible interface.

The platform’s reach and customer support quality set it apart from competitors. With strong connections and a commitment to reliability, CompleteSMS ensures that messages reach their intended audiences quickly and consistently. It’s highly customizable, and support agents worldwide are available to help 24/7.

Key Features

Customizable distribution lists and text triggers
Two-way texting for stronger customer relationships
24/7 global customer support

2. SimpleTexting

SimpleTexting is a well-established provider, popular for its intuitive interface and marketing automation tools. Its user-friendliness allows businesses to prioritize campaign creation and audience engagement with minimal hassle.

The platform offers flexible messaging and segmentation tools, enabling you to send messages to multiple recipients or individuals. Its integration capabilities also make it easier to craft a more cohesive marketing strategy.

Key Features

Over 1000 software integrations
Two-way messaging for improved responsiveness
Built-in campaign templates

3. EZ Texting

EZ Texting is one of the most established SMS marketing platforms in the U.S., offering solutions that cater to both small businesses and large enterprises. Its system emphasizes reliability through tools enabling quick and personalized message delivery.

It is particularly strong in providing compliance support. With features like opt-in tools, SMS short codes and advanced reporting, EZ Texting delivers a balance between marketing and regulatory adherence.

Key Features

Built-in compliance safeguards
Advanced reporting capabilities
Engaging automation features

4. SlickText

SlickText targets growing businesses with a strong need for effective SMS campaigns. It focuses on building strong customer relationships through precise segmentation and personalized approaches.

The platform’s user-friendly interface and responsive customer support make it a good option for businesses scaling their SMS operations while focusing on building customer rapport.

Key Features

Workflow automation for optimized campaigns
Comprehensive reports
Personalized onboarding and dedicated customer success managers

5. Textedly

Textedly is known for its simplicity and reliability. Its clean dashboard and campaign scheduling tools make it easy for marketing and customer service teams to coordinate SMS outreach.

This award-winning SMS marketing platform has all the features you need to launch an effective campaign, from mass texting to text keyword triggers. With its ease of use, it’s a strong fit for organizations seeking dependable performance.

Key Features

Automated workflows and drip campaign capabilities
Two-way messages and text surveys for interactive communication
Rich font options for eye-catching messages

Understanding Enterprise SMS Pricing Models

Pricing can vary widely between enterprise SMS providers, so it’s important to understand how each model affects your long-term costs. The right plan will depend on your organization’s message volume and feature requirements.

Message Credits

Some providers operate on a message credit system, where businesses purchase a specific number of credits that can be used for sending SMS or MMS messages. This model offers flexibility for teams that run seasonal campaigns or send texts irregularly. Unused credits may expire after a specified period, so be sure to review each policy carefully.

Monthly Subscription

A subscription model offers predictable monthly fees based on a set number of messages, users or contacts. This setup is ideal for companies that send consistent messages and want a more accurate and reliable budget.

Pay-as-you-Go

The pay-as-you-go approach allows companies to pay only for the messages they send, with no ongoing commitment. It’s ideal for businesses that are still testing SMS campaigns or have only occasional communication needs. While flexible, this model can become expensive for high-volume or frequent messaging.

Enterprise Pricing

Enterprise pricing structures are typically customized based on a company’s needs and expected usage patterns, which cover message volume, integration needs, messaging formats and required support. This pricing can offer scalability and negotiated discounts, depending on the provider.

Building a Smarter SMS Strategy

Choosing the right enterprise SMS solution means balancing factors like usability, compliance and automation. Before committing, assess your company’s needs and campaign requirements. The best platform for your organization can streamline your communication strategy and help you build stronger customer relationships.

Read more:
What to Look for When Choosing Enterprise SMS Solutions

November 19, 2025
Reeves urged to set out how £2bn AI investment will be spent in Autumn Budget
Business

Reeves urged to set out how £2bn AI investment will be spent in Autumn Budget

by November 19, 2025

Chancellor Rachel Reeves should use the Autumn Budget to spell out how the government plans to deploy the £2 billion earmarked for the UK’s AI Opportunities Action Plan, according to leading audit, tax and advisory firm Blick Rothenberg.

Evelina Panchal, a director at the firm, said businesses urgently needed clarity on how the funding would be allocated, arguing that proper investment planning could unlock transformative gains for the economy.

“Research from Microsoft suggests AI represents a £550 billion opportunity for the UK over the next decade,” she said. “To support the tech sector, Rachel Reeves should confirm how the £2bn commitment will be used.”

The AI Opportunities Action Plan, announced in the 2025 Spending Review, aims to strengthen the UK’s national AI infrastructure and includes proposals for AI Growth Zones, where planning rules would be relaxed to speed up the development of data centres and compute facilities. Panchal said tech firms needed specifics around timelines, locations and access if they were to benefit from the programme.

The tech sector contributed £71bn to the UK economy in 2023 and employed 1.77 million people in 2024. Panchal said the potential impact of the £2bn investment depended heavily on how fast the money was released and whether the government delivered a detailed roadmap.
“Infrastructure gaps, skills shortages and slow business adoption remain the biggest challenges,” she warned. “Reeves must set clear timelines and implementation plans.”

Panchal also urged the Chancellor not to introduce changes in the Budget that could undermine the UK’s attractiveness as a hub for digital entrepreneurship.

She said share-based incentive schemes such as Enterprise Management Incentives (EMIs) — widely used in the tech and AI sectors — must not be restricted, as they are critical to attracting specialist talent in a competitive global market.

“Rachel Reeves should not introduce any further changes to Capital Gains Tax, exit taxes or wealth taxes,” she added. “If she does, it risks killing off the remaining entrepreneurial spirit in the tech sector, with negative consequences for innovation and economic growth.”

She said the UK needed to remain “a supportive and fair environment for tech companies and their founders” to ensure they continue to operate in Britain, bringing essential investment, jobs and revenue.

Read more:
Reeves urged to set out how £2bn AI investment will be spent in Autumn Budget

November 19, 2025
Bond markets could force Rachel Reeves into a ‘secondary budget’, warns leading City investor
Business

Bond markets could force Rachel Reeves into a ‘secondary budget’, warns leading City investor

by November 19, 2025

Bond markets may force Rachel Reeves to deliver a second budget if investors react negatively to next week’s fiscal plans, a senior City investor has warned, underscoring the fragile backdrop the chancellor faces ahead of 26 November.

David Zahn, head of European fixed income at the $1.69 trillion asset manager Franklin Templeton, said the biggest risk to Reeves was that markets “disappoint” rather than celebrate the Budget — a scenario that could push up gilt yields sharply.

“If the bond market reacts very badly, the government will have to react if bond yields start to go up too much,” Zahn said. “It could force her hand to do a secondary budget.” He added that yields on 10-year or 30-year UK government bonds reaching 6% would be “unsustainable”, warning of a potential “death spiral” if borrowing costs rose too far.

UK 30-year gilt yields currently stand at 5.35%, down from a 27-year high of almost 5.75% in early September. Ten-year yields are trading at 4.53%.

Zahn said bond investors are unlikely to welcome the Budget because the Labour government appears unable or unwilling to push through spending cuts. That reduces the scope to bring borrowing down and limits the chance that gilt yields will fall.

“If she’s not going to tackle any of the big taxes, I don’t see what she can do that the market will go ‘fantastic, you fixed it’,” he said. “She’s not doing any spending cuts.”

The warning follows reports that Reeves has abandoned a plan to raise income tax — a move Zahn argued “markets would have taken very well” as a sign of serious fiscal tightening. Instead, Reeves is expected to freeze tax thresholds, which ING estimates will raise £10 billion a year as more workers are pulled into higher tax bands through fiscal drag.

The chancellor may also raise a range of smaller taxes to generate extra revenue.

Markets will be watching closely to see whether Reeves creates enough fiscal space to meet Labour’s rule of having debt falling in five years. She had previously left herself only £10 billion of headroom — a buffer now thought to have been eroded by a downgrade in the UK’s long-term productivity outlook.

Zahn suggested the markets would prefer to see at least £20 billion of headroom in the Budget. He also predicted further tax rises were likely next year: “I don’t think this is a one-off. She probably won’t be back next year, but somebody will be.”

Analysts at ING warned that any spike in borrowing costs after the Budget could be driven by politics, not economics.

James Smith, ING’s developed markets economist, said falling Labour poll ratings and pressure on Keir Starmer could fuel market speculation about leadership instability: “If a challenge looked imminent, markets might assume a new PM would appoint a new, potentially more left-leaning chancellor — one more likely to change fiscal rules and increase borrowing.”

Michael Browne, global investment strategist at the Franklin Templeton Institute, said the shock of the 2022 Liz Truss mini-budget crisis is still shaping investor behaviour.

“The markets aren’t forgetting that either,” he said. “Get it right, and the UK is exciting from a bond and equity point of view. But at this point, what’s the evidence we’ll do anything other than muddle through? And muddling through comes with risks.”

Read more:
Bond markets could force Rachel Reeves into a ‘secondary budget’, warns leading City investor

November 19, 2025
Jet2 chief warns Reeves not to treat aviation as a ‘cash cow’ ahead of Budget
Business

Jet2 chief warns Reeves not to treat aviation as a ‘cash cow’ ahead of Budget

by November 19, 2025

Jet2 chief executive Steve Heapy has urged Chancellor Rachel Reeves to stop using the airline and holiday industry as a “cash cow”, warning that any further increase in aviation taxes will hit lower earners hardest and risk pricing families out of foreign travel.

Heapy — who runs Britain’s largest package holiday provider and the UK’s third-biggest airline by passenger numbers — said that higher taxes would “inevitably” be passed on to passengers, pushing up fares and dampening demand.

“As we all know, we can’t escape the fundamental laws of economics,” he said. “Increased prices could result in decreased demand, and that’s not good because the people who will be unable to afford a holiday will be the lowest earning members of society. It would be a perverse outcome if flying became something for the rich and privileged.”

The warning comes as speculation grows that Reeves may turn to the aviation sector for additional revenue in next week’s Budget. Air passenger duty (APD) — paid by almost every air traveller departing from a UK airport — last increased in April and is scheduled for another rise next spring. Current APD rates range from £14 for domestic flights to £224 for long-haul journeys over 5,500 miles.

Heapy’s comments accompanied Jet2’s half-year results, which revealed record revenues of £5.3 billion, up 5 per cent year-on-year. Seat capacity rose 8 per cent to 16 million, driven in part by new operating bases at Bournemouth and London Luton. Pre-tax profit (adjusted for foreign exchange movements) increased 1 per cent to £780 million.

The airline reported a 16 per cent rise in flight-only passengers to 4.7 million in the six months to September, reflecting the industry-wide trend of travellers booking much later than usual. Net ticket yields fell 7 per cent as Jet2 used promotional pricing to stimulate demand. Package holiday passenger numbers grew 1 per cent to 4.7 million.

Jet2 confirmed that it expects full-year operating profit to align with consensus forecasts of £453 million. The company’s financial year is heavily weighted to the summer period, with the second half typically generating lower profits.

The results offered reassurance after a profit warning in September, when Jet2 told shareholders it expected full-year adjusted profits to come in at the lower end of market expectations due to limited forward visibility and more cautious consumer spending. In response, the airline cut 200,000 seats from its winter schedule, reducing total winter capacity to 5.6 million.

Despite the pressures, Heapy said demand remains resilient: “It is clear customers still want their well-earned holidays in the sun, even if they book closer to their departure date.”

The update comes a week after Jet2 announced it will begin services from London Gatwick in March 2026, after securing slots for six aircraft. The move gives the airline a foothold at the UK’s second-largest airport, but analysts say it will face intense competition — particularly from easyJet, which bases more than 70 aircraft there.

Jet2 expects the new Gatwick operation to turn profitable by 2029.

Read more:
Jet2 chief warns Reeves not to treat aviation as a ‘cash cow’ ahead of Budget

November 19, 2025
Jeff Bezos launches new AI start-up Project Prometheus with $6.2bn backing
Business

Jeff Bezos launches new AI start-up Project Prometheus with $6.2bn backing

by November 19, 2025

Jeff Bezos is returning to a chief executive role for the first time since leaving Amazon in 2021, launching a new artificial intelligence venture called Project Prometheus — a start-up already reported to have secured $6.2 billion in early-stage funding.

According to The New York Times, the new company will be co-led by Bezos and Vik Bajaj, a former senior figure at Google X who worked closely with co-founder Sergey Brin and helped launch the Alphabet-backed biotech firm Verily. The move marks Bezos’s most ambitious foray into AI to date and adds to a portfolio that already includes space exploration company Blue Origin.

Project Prometheus is focused on developing AI systems to support high-stakes engineering and manufacturing across sectors such as aerospace, computing and automotive technology. The company has reportedly hired nearly 100 staff, drawing senior talent from OpenAI, Meta, DeepMind and other leading AI labs.

If confirmed, the $6.2 billion raised — including contributions from Bezos himself — would make Project Prometheus one of the most heavily financed start-ups in the world, despite not yet having officially launched or provided detailed financial disclosures.

The venture is entering an increasingly crowded and competitive AI landscape. Established giants such as Alphabet and Microsoft-backed OpenAI dominate the sector, while a growing number of well-funded challengers are attempting to carve out a niche in next-generation AI models and platforms.

Recent surges in AI valuations have prompted concern that the sector is overheating. Sir Nick Clegg, Meta’s global affairs president and former UK deputy prime minister, recently warned that some AI valuations were “crackers” and vulnerable to correction, drawing parallels with the dotcom bubble.

Bezos, however, has argued that even if current conditions resemble a “bubble”, it is likely to be a positive one. Speaking at a technology conference in Turin in October, he said AI investment was fuelling an “industrial bubble” rather than a financial one.
“When the dust settles and you see who the winners are, society benefits from those inventions,” he said. “The benefits to society from AI are going to be gigantic.”

Representatives for Bezos have not yet commented publicly on the reports.

Read more:
Jeff Bezos launches new AI start-up Project Prometheus with $6.2bn backing

November 19, 2025
UK inflation falls to 3.6%, lowest level in four months, as Budget looms
Business

UK inflation falls to 3.6%, lowest level in four months, as Budget looms

by November 19, 2025

UK inflation has eased to 3.6% in the year to October — its lowest level in four months — helped by slower increases in household energy costs and falling hotel prices.

However, food inflation picked up again after a brief dip, underlining the ongoing pressure on household finances just a week before the government delivers its highly anticipated Budget.

The latest figures from the Office for National Statistics (ONS) show inflation slipping from 3.8% in September, though the fall was not as sharp as economists had forecast. The reduction strengthens hopes that price pressures have peaked and could pave the way for future interest rate cuts, even as inflation remains above the Bank of England’s 2% target.

Chancellor Rachel Reeves said she remained “determined to do more to bring prices down”, acknowledging that the cost of living “is still a big burden on families across the country”. Reeves is expected to make easing cost pressures a central theme of the Budget, which is likely to include a mix of tax rises and spending cuts to stabilise the public finances.

The biggest upward pressure in October came from food and non-alcoholic drinks, with food inflation rising to 4.9%, up from 4.5% the previous month. Prices for bread, meat, fish, vegetables, chocolate and confectionery all increased, though fruit became slightly cheaper.

The Food and Drink Federation said rising costs for ingredients, energy and “regulatory burdens” — including packaging levies and higher National Insurance — continued to push up prices across the sector.

ONS chief economist Grant Fitzner said the main factor driving down the headline rate was a much smaller rise in household energy bills compared with last year. The Ofgem price cap increased by just 2% in October, compared with a 9.6% spike in 2023.

Hotel prices also fell between the summer and winter period — a typical seasonal trend — but dipped more sharply this year, pulling inflation lower. Fuel prices, however, rose again, increasing transport and delivery costs.

Inflation within the supply chain remained elevated, with raw material costs and factory gate prices still rising.

The Bank of England held interest rates at 4% earlier this month after inflation remained stubbornly high through the summer. But analysts now believe easing price pressures could prompt the Bank to cut rates at its 18 December meeting.

Rob Wood, chief UK economist at Pantheon Macroeconomics, said a December cut was now “nailed-on”, though he expects a long gap before the next reduction.

Underlying inflation also improved: both core inflation (which excludes food and energy) and services inflation fell in October — signs the Bank of England will view positively as it assesses the pace of future price rises.

The inflation figures have sharpened the political debate as the government prepares its first Budget. Reeves is reportedly considering measures such as cutting taxes on energy bills or introducing deflationary spending adjustments to support the wider fight against inflation.

Shadow chancellor Sir Mel Stride said inflation “has been above target every single month since Labour’s last Budget”, leaving families “worse off”.

Liberal Democrat deputy leader Daisy Cooper urged the Chancellor to “look this small gift horse in the mouth” and introduce emergency support, including a VAT cut for the hospitality sector and immediate reductions in energy bills.

Lower inflation, if sustained, will reduce pressure on mortgage holders and borrowers more broadly.
Sarah Coles, head of personal finance at Hargreaves Lansdown, said the country was “heaving a sigh of relief”, but warned that households were “far from out of the woods”.

Read more:
UK inflation falls to 3.6%, lowest level in four months, as Budget looms

November 19, 2025
HP makes final $1.8bn claim against Mike Lynch’s estate in long-running Autonomy fraud case
Business

HP makes final $1.8bn claim against Mike Lynch’s estate in long-running Autonomy fraud case

by November 19, 2025

Hewlett Packard has submitted a final claim of almost $1.8 billion (£1.4 billion) against the estate of Mike Lynch, intensifying one of the longest and most expensive corporate fraud battles in UK legal history.

The latest claim is substantially lower than the $5 billion HP originally sought over its ill-fated 2011 acquisition of Autonomy, but still far exceeds the late entrepreneur’s estimated £500 million estate.

Lynch, once hailed as Britain’s answer to Bill Gates, died in August last year when his superyacht sank off the coast of Sicily during celebrations following his acquittal in a separate US criminal trial. Seven people were killed in the incident, including Lynch and his daughter. The tragedy left unresolved the question of how much his estate would ultimately owe HP after the High Court found him liable for civil fraud.

In a lengthy 2022 judgment, Mr Justice Hildyard concluded that Lynch and Autonomy’s former chief financial officer Sushovan Hussain had fraudulently inflated the software company’s revenues and misrepresented its performance before selling it to HP for $11 billion. Although the judge said HP would still have proceeded with the deal had it known the true state of Autonomy’s finances, he ruled that Lynch and Hussain had deliberately misled the buyer.

Earlier this year, Hildyard determined that Lynch’s estate should pay more than £700 million in damages. This week’s hearing is focused on finalising the precise sum, including interest. HP argues that interest payments alone total $761 million. However, Richard Hill KC, representing the Lynch estate, called HP’s calculation “excessive” and said its position was “overly simplistic”, accusing the company of assuming it was “the victor in this litigation” without acknowledging the complexities of the case.

Patrick Goodall KC, for HP, reiterated the company’s position, arguing Lynch had “not only perpetrated an enormous fraud, but lied about it at every stage”.

The Lynch estate is appealing on multiple technical grounds, including whether HP had legal standing to sue for fraud given its corporate structure at the time of the acquisition. The estate is also challenging how Autonomy’s true value was calculated and even which currency should be used when determining parts of the damages.

The bitter dispute dates back more than a decade. Hussain was convicted of fraud in the US in 2018 and sentenced to five years in prison before his release in early 2024. He later settled with HP in the UK civil case for £77 million. In 2021, the Financial Reporting Council fined Deloitte £15 million for “serious failures” in its audit of Autonomy’s accounts.

Lynch himself faced a long extradition battle before being sent to the US in 2023 to stand trial. He was ultimately acquitted, along with Stephen Chamberlain, Autonomy’s former vice-president of finance, in June 2024. The UK civil claim, launched by HP in 2015, began trial hearings in 2019 and has become one of the longest-running and most expensive commercial cases ever brought in the High Court. Goodall told the court that HP has spent £150 million on the litigation.

A spokesman for the Lynch family maintained that HP’s claim remains “fundamentally flawed”, arguing that the company’s own mismanagement destroyed most of Autonomy’s value.
“By any account, including the court’s, HP’s own mismanagement destroyed the vast majority of Autonomy’s value,” he said.

An HP spokesman welcomed the latest hearing, saying it “brings us a step closer to the resolution of this dispute.”

Read more:
HP makes final $1.8bn claim against Mike Lynch’s estate in long-running Autonomy fraud case

November 19, 2025
Carbon3.ai to invest £1bn in UK’s first fully sovereign AI infrastructure network
Business

Carbon3.ai to invest £1bn in UK’s first fully sovereign AI infrastructure network

by November 18, 2025

Carbon3.ai, the UK’s leading sovereign AI infrastructure company, has announced a £1 billion investment to build the country’s first nationwide network of fully sovereign, sustainable AI-ready data centres — a move expected to reshape the UK’s digital resilience, national security and long-term competitiveness in artificial intelligence.

The ambitious programme will convert legacy industrial and energy sites into a network of high-performance, low-carbon compute hubs, all designed, owned and operated exclusively within the UK. This ensures that every component — from physical locations to data processing — remains under full UK jurisdiction and regulatory oversight. Carbon3.ai has already completed a successful proof of concept and is preparing for full-scale deployment, with its first 5MW site in the East Midlands opening in March 2026. Planning approval has also been submitted for a second facility in Derbyshire.

To support the next phase of its growth, Carbon3.ai has strengthened its leadership with appointments spanning government, finance and national security. Sana Khareghani, former Head of the UK Government Office for Artificial Intelligence, joins as Chief Strategy Officer, where she will spearhead the development of the national AI infrastructure strategy and ensure the company’s network underpins the UK’s digital, industrial and energy transition.

Khareghani will be supported by Richard Collier-Keywood, the former Vice Chair of PwC’s Global Board, who will advise on financial strategy and governance, and Admiral Sir George Zambellas, former First Sea Lord, whose experience in national resilience and major-scale technology operations will guide Carbon3.ai’s approach to infrastructure security.

Together, the new leadership team brings what Carbon3.ai describes as a “rare combination” of strategic, operational and national service expertise — positioning the company at the centre of the UK’s race to secure sovereign compute capacity.

“If the UK is to lead in AI, we must first secure the foundations: compute, power and data,” said Khareghani. “Carbon3 is building those foundations here at home, transforming legacy energy sites into a sovereign, renewable, AI-ready infrastructure network. This isn’t theory — it’s happening now on the ground. By putting critical infrastructure back under UK control, we are creating the sustainable capacity that will power innovation for decades.”

Carbon3.ai chief executive Tom Humphreys said the investment reflects the UK’s urgent need for sovereign AI infrastructure: “It’s not enough to invest in data centres — we need a national backbone for AI that’s owned, powered and secured right here at home,” he said. “Our goal is to ensure British enterprise, researchers and public institutions have access to world-class compute without relying on foreign-controlled infrastructure.”

Humphreys added that the company is building from “real assets, land, power and live deployments”, and noted that government acknowledges the scale of the challenge. “They’ve been clear that we need 6GW of sovereign AI capacity by 2030. We believe this network will be pivotal in securing that national advantage.”

The investment aligns closely with the UK Government’s AI and digital infrastructure agenda, supporting national resilience, regional regeneration and the conversion of brownfield and legacy energy sites into clean, renewable-powered compute hubs. Carbon3.ai’s expansion also dovetails with plans for AI Growth Zones and the classification of new data centre capacity as critical national infrastructure.

Carbon3.ai’s announcement represents one of the most substantial private-sector commitments yet to accelerating the UK’s sovereign AI capabilities — and signals the rapid emergence of a new strategic industry for Britain’s economic future.

Read more:
Carbon3.ai to invest £1bn in UK’s first fully sovereign AI infrastructure network

November 18, 2025
UK bank deposit protection to rise to £120,000 from December
Business

UK bank deposit protection to rise to £120,000 from December

by November 18, 2025

Customers of UK banks and building societies will soon benefit from a major increase to the amount of money protected if their bank fails, after regulators confirmed that the Financial Services Compensation Scheme (FSCS) deposit limit will rise from £85,000 to £120,000.

The change, announced by the Prudential Regulation Authority (PRA), marks the largest uplift since 2017 and reflects updated inflation data and industry feedback. It will take effect in December, with customers automatically covered — no action is required from account holders.

Martyn Beauchamp, chief executive of the FSCS, said the increase will give consumers stronger reassurance at a time of economic uncertainty.

“This rise ensures that consumers can feel confident their money is safe, from the very first penny up to £120,000,” he said.

The FSCS protects deposits per person, per authorised firm, meaning multiple accounts held under the same banking licence share the £120,000 limit. Several major banks operate multiple brands under a single licence — a detail the PRA encourages consumers to check.

Sam Woods, deputy governor for prudential regulation at the Bank of England and CEO of the PRA, said the reform strengthens financial stability and public confidence.

“This change will help maintain the public’s confidence in the safety of their money,” he said. “Depositors will be protected up to £120,000 should their bank, building society or credit union fail.”

Consumer groups welcomed the move. Which? described it as a “sensible decision” that reinforces trust in the financial services sector without restricting economic growth. Rocio Concha, the group’s director of policy and advocacy, said the increase was “a timely reminder that strong consumer protections need not hamper those aims.”

Industry representatives also backed the decision. Eric Leenders, managing director of personal finance at UK Finance, said adjusting the limit for inflation was “right” and that the sector would work with regulators to ensure smooth implementation.

As part of the same update, the PRA confirmed a rise in the temporary high balance cap — which protects large sums resulting from major life events such as house sales, inheritances or insurance payouts. That limit will increase from £1 million to £1.4 million, and will apply for six months from the point the balance enters the account.

The FSCS is funded through a levy on PRA- and FCA-regulated firms, rather than taxpayers.

Read more:
UK bank deposit protection to rise to £120,000 from December

November 18, 2025
  • 1
  • …
  • 3
  • 4
  • 5
  • 6
  • 7
  • …
  • 30

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular Posts

    • A GOP operative accused a monastery of voter fraud. Nuns fought back.

      October 24, 2024
    • 2

      G7 abandons joint Ukraine statement as Zelenskiy says diplomacy in crisis

      June 18, 2025
    • Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

      October 24, 2024
    • American creating deepfakes targeting Harris works with Russian intel, documents show

      October 23, 2024
    • Tucker Carlson says father Trump will give ‘spanking’ at rowdy Georgia rally

      October 24, 2024

    Categories

    • Business (292)
    • Politics (20)
    • Stocks (20)
    • World News (20)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: EyesOpeners.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 EyesOpeners.com | All Rights Reserved