• Industry insight: How generative AI is used for financial fraud detection

    The fight against fraud is evolving into a digital arms race, where both criminals and financial institutions (FIs) are leveraging artificial intelligence in attempts to outmanoeuvre one another. Fraudsters are using generative AI (GenAI) to create scams that are increasingly challenging to detect and disprove, while anti-fraud teams are deploying AI-powered solutions of their own to sniff out and prevent these threats. In this escalating battle, FIs must adopt the tools of the enemy to stay ahead. The rise of GenAI has transformed fraud from a game of pure deception into one of adaptation and counter-adaptation. Fraudsters are no longer limited to traditional scams – they can now generate highly realistic fake documents, clone voices, and even create convincing deepfake videos to exploit…

  • Local authorities need £17bn to tackle their ‘pothole-plagued’ roads

    The cost of repairs to rid England and Wales of their pothole problems and bring the road network up to ‘ideal’ conditions has reached almost £17bn. Pothole fury has come to the fore in recent years. Last year, figures from the AA found that pothole damage to vehicles had reached a five-year high. When the Labour government came to power last year, it pledged to repair an additional one million potholes across England in each year of the next parliament. At the end of last year, the government promised an extra £1.6bn investment that will be distributed to local councils, but a new report from the Asphalt Industry Alliance (AIA) has found that far more than this is needed to tackle road repairs. The AIA’s annual local authority road maintenance (Alarm) report gathers information on…

  • BASF switches on Europe’s largest green hydrogen project at chemicals site in Germany

    Europe’s largest completed green hydrogen project has started operations at BASF’s Ludwigshafen site in south-west Germany. The 54MW proton exchange membrane (PEM) electrolyser has overtaken the 24MW PEM electrolyser based at Yara, a Norwegian chemical company, which previously held the title. Hydrogen is a vital gas for BASF and is used as a raw material for many applications at the site, including the production of ammonia. Previously, hydrogen was produced at the site from hydrocarbons using natural gas-based steam reforming. This process – known as grey hydrogen – emits high levels of CO2. BASF set itself a mission of producing hydrogen without CO2. For the past two years it has partnered with Siemens Energy to build the €124m Hy4Chem PEM electrolyser project. The electrolyser…

  • BYD unveils EV fast charger that can boost range by 400km on a 5-minute charge

    Chinese EV maker BYD says its new platform has charging speeds of 1,000kW, twice the power of Tesla’s superchargers. The Shenzhen-headquartered firm has unveiled a new charging and battery system that makes it as quick to charge an EV as it does to refill an internal combustion engine car with petrol. The announcement of the ‘Super e-Platform’ was made during a live-streamed event on Monday at BYD’s headquarters. Wang Chuanfu, BYD’s founder, chairman and CEO, said the platform offers peak charging power of 1,000kW, enough to give a vehicle 400km of driving range in just five minutes. He said that the goal of the platform was to eliminate charging anxiety among EV users, making the transition from internal combustion engine vehicles to EVs more appealing. The BYD technology also marks…

  • Audi to cut 7,500 jobs by 2029 amid stiff competition from China and weak demand

    German car maker Audi has said it plans to cut 7,500 jobs by 2029 as it contends with hot competition from China and dampened demand for new vehicles. Rather than making major cuts now – equivalent to about 8% of the firm’s global workforce – Audi said it would handle the job reductions gradually over the next four years. Audi CEO Gernot Döllner said the move was part of efforts to increase competitiveness and boost profitability at its German sites. It’s not just Audi facing significant challenges – many car makers across the sector reported lower earnings last year. In November, Nissan said it would cut global production capacity by 20% and reduce its workforce by 9,000 after failing to meet financial targets. Meanwhile, Audi’s parent company VW narrowly avoided closing three German…

  • EU tech companies call for reduced reliance on foreign-owned digital infrastructure

    A European tech industry coalition has called for ‘radical action’ from the EU to reduce reliance on foreign-owned digital infrastructure and services – especially US big tech. In an open letter to the European Commission president Ursula von der Leyen and the EU’s digital chief Henna Virkkunen, around 100 European tech firms are calling for the EU to support “sovereign digital infrastructure”. This means less reliance on foreign-owned infrastructure – especially from the US – to prevent EU countries becoming subservient to foreign tech companies. As well as tech heavyweights Airbus and Dassault Systèmes, signatories span many areas of the tech industry including cloud, telecoms, defence, investment banks and start-ups. The motivation for the letter comes from recent US and EU developments…

  • Astronauts stranded on the ISS for nine months are finally set to return

    Astronauts Butch Wilmore and Suni Williams will finally make the return trip from the International Space Station (ISS) after their 10-day mission unexpectedly turned into a nine-month residency. The astronauts, who have been aboard the ISS since June 2024, were transported to the ISS in Boeing’s Starliner, which suffered a lengthy, troubled development period. Plans went awry when, during docking, Starliner suffered thruster failures and helium leaks that meant Nasa was not confident enough to let them take the return trip. They will now be brought back down to Earth on a SpaceX rocket alongside Nasa astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The SpaceX Crew Dragon spacecraft successfully docked with the ISS over the weekend, delivering four astronauts who will…

  • Driverless minibus transports commuters in Barcelona city centre

    China-based autonomous driving start-up WeRide and French car maker Renault Group have teamed up to trial an experimental autonomous bus in Barcelona. For the past week, commuters in the Spanish city have been able to catch a free ride on a new driverless minibus that has been running a 1.3 mile circular route with four stops in the city centre. Operating during daylight hours, the experimental bus drives up to the stop and allows passengers to disembark and embark, before pulling away and easing into traffic. Tony Han, founder and CEO at WeRide, said: ”This collaboration with Renault Group underscores our shared vision for making smart, sustainable mobility solutions accessible worldwide.” In May 2024, Renault Group announced it was partnering with WeRide on its autonomous vehicle…

  • Social media firms face hefty fines under new UK online safety rules

    Social media platforms will face significant fines if they fail to protect users from criminal content online under new powers that have come into effect today. In December, Ofcom published the first edition of its codes of practice and guidance on tackling illegal harms, which include terror, hate, fraud, child sexual abuse and assisting or encouraging suicide. The regulations form part of the UK’s Online Safety Act, which was finally signed into law last year. Social media firms must now carry out ‘illegal harms risk assessments’ to ascertain how likely it is that users could encounter illegal content on their service, or, in the case of ‘user-to-user’ services, how they could be used to commit or facilitate certain criminal offences. Ofcom said it would begin assessing platforms’ compliance…

  • Australian man lives with titanium heart for over 100 days

    An Australian man in his mid-40s with severe heart failure has survived 105 days with an artificial heart made of titanium. The implant, known as the BiVACOR Total Artificial Heart, was fitted in November 2024 following a six-hour procedure at St Vincent’s Hospital Sydney. The titanium device was invented by biomedical engineer Dr Daniel Timms, founder and chief technical officer of US-based BiVACOR. It has so far been successfully implanted into five patients in the US, the first taking place on 9 July 2024 at the Texas Heart Institute at Baylor St Luke’s Medical Center in the Texas Medical Center. The device is used as a stopgap for people with heart failure who are waiting for a donor heart. The Australian man is the sixth person to be fitted with the device, and the first outside…

    E+T Magazine
    E+T Magazine

  • Abandoned oil and gas wells could be turned into energy storage sites, study finds

    Depleted oil and gas wells could be repurposed as compressed-air energy storage (CAES) sites for stockpiling excess energy from renewables for use when needed. CAES plants compress air and store it underground when energy demand is low and then extract the air to create electricity when demand is high. But start-up costs currently limit the commercial development of these projects. “The problem is that sometimes when we need energy, there is no sunshine or there is no wind. That’s why it’s very important to have some storage capacity to support the grid,” said Arash Dahi Taleghani, a researcher at Penn State University. His team proposes a new geothermal-assisted CAES system that makes use of depleted oil and gas wells. Estimates suggest there are a vast number of abandoned oil and gas…

  • British Gas engineer trials hydrogen-powered van

    On its path to achieving a net zero fleet by 2030, British Gas has started a two-month trial of a hydrogen-powered van. British Gas has partnered with Oxford-based alternative fuel and energy solutions firm Ryze Power, which will supply the clean hydrogen for the Vauxhall Vivaro van. The van will be driven by a British Gas engineer in Birmingham, who will access Ryze’s refuelling station at Tyseley during their working day. British Gas’ parent company Centrica has set a target of achieving net zero emissions by 2040; as part of this it is aiming to decarbonise its entire transport fleet by 2030. Hydrogen fuel is considered an efficient alternative to fossil fuels. Hydrogen fuel cell electric vehicles (EVs) emit only water vapour, drastically cutting air pollutants and greenhouse gases…

  • US to develop utility-scale geothermal power plants to support military operations

    Global energy technology company Baker Hughes is to explore the use of utility-scale geothermal power plants to supply energy to US military bases. A collaboration with the US Air Force and Department of Defence will attempt to tap into the country’s abundant geothermal energy supply to enhance national security. Geothermal energy is considered a significant source of renewable electric power. Geothermal technology uses the heat from naturally occurring water sources deep underground to generate large amounts of usable heat or power. To tap into this limitless supply of heat requires wells drilled a few miles or more below the Earth’s surface. However, tapping these water sources has proved challenging, with many geothermal plants drawing energy from heat that simmers near the Earth…

  • Industry insight: What it will take to kickstart the circular economy

    Ask any business leader what the circular economy is, and you’ll probably get a well-informed response. But from a practical standpoint, most circular endeavours today remain controlled experiments rather than full-scale transformations. And it shows: according to some estimates, the world dumps over two billion tons of waste every year. One measure finds humanity is using resources gleaned from the earth 1.7 times faster than the planet can produce them. Businesses have had centuries to perfect the linear economy practices of resource exploitation – so what will it take to unlearn those wasteful principles and pivot to a circular mode of operation? The answer is as old as business itself: economic opportunity. Businesses need a compelling economic reason to make a radical shift from…

  • E+T | Expert Engineering - The Viking Link

    In an age when electricity is in huge demand, and energy security a cause for concern, it can take surprising and challenging engineering to find solutions. The Viking Line is one such engineering feat - the world's longest land and subsea interconnector that runs 765km between the UK and Denmark. How did they do it? And what has it achieved?

    E+T Magazine
    E+T Magazine

  • North Korean hackers spread spyware through Google Play disguised as utility apps

    North Korean hackers have infiltrated the Google Play app store, uploading spyware masquerading as utility apps. According to a report from cyber-security firm Lookout, the spyware known as KoSpy has been propagated by the APT37 hacking group, which is thought to be backed by the North Korean state. The group, believed to have been created in 2012, has previously been involved in attacks on various financial institutions, primarily in South Korea although they have actively been targeting other countries in recent years. The report found that the spyware was first observed in March 2022 and remains active, with new samples still publicly hosted. KoSpy can collect extensive data, such as SMS messages, call logs, location, files, audio and screenshots via dynamically loaded plug-ins on…

  • Radioactive coolant leak reported at Europe’s largest nuclear reactor

    Finnish nuclear power company TVO has reported a radioactive reactor coolant leak at Finland’s Olkiluoto 3 (OL3) nuclear power plant. In a statement posted on its website, the company said that about 100 cubic metres of radioactive reactor coolant had leaked into containment rooms at OL3 during the reactor’s annual outage for maintenance activities. The leaked reactor coolant flowed from the containment rooms into the floor drain system, which has been designed to collect and drain any reactor coolant leakages. TVO said this area is closed to the environment. The incident occurred as a result of a “human error through a hatch of the reactor pool that had not been closed properly”. The statement underlines that the incident did not pose any risk to personnel, the environment or nuclear…

  • Jaguar’s controversial Type 00 concept seen driving the streets of Paris

    A few months after its controversial launch, Jaguar has released a video showing the Type 00 concept car cruising the streets of Paris in a rather bright ‘French Ultramarine’. At the end of last year, British brand Jaguar unveiled an advertising campaign and images of its upcoming electric GT, dubbed the Type 00, showing it in shades of Miami Pink and London Blue. The reveal drew global attention, with some calling the concept a “design triumph”, while others were far less favourable in their views. While some car launches go unnoticed by the general public, this concept certainly garnered global attention. It has remained a talking point not only on the design of the concept but also on the company’s rebrand, which was launched around the same time. Arguably, this was a clever ploy…

  • MPs warn uneven EV charging roll-out is holding back adoption

    Electric vehicle (EV) drivers in the UK are still suffering from patchy availability of a reliable charging network, which is hampering adoption, MPs have said. A report from the Public Accounts Committee has found that the Department for Transport (DfT) has been slow to ensure available rapid charge points on motorways and that London has much more robust charging infrastructure than the rest of the country. The latest industry figures show that nearly 20% of all new UK cars registered throughout 2024 were EVs. However, despite steep discounts provided through the year, EV adoption among private buyers has been lower than anticipated – especially if the government wants to hit its goal of eliminating sales of new petrol and diesel cars by 2030. According to a survey of 2,700 motorists…

  • Green energy projects to be fast-tracked as part of overhaul to UK planning system

    The government is planning to revamp the UK’s energy planning system so that grid connections for “the most important projects” are prioritised over the current “first come, first served” process. In its manifesto, Labour set itself a lofty goal of entirely decarbonising the UK’s energy grid by 2030 – bringing forward the already-ambitious 2035 target. But for this to be achieved, green energy infrastructure needs to be installed at pace. The current infrastructure is reaching its capacity and is unable to transport much more electricity without reinforcement. In the last decade, investment in renewable energy generation has exceeded investment in transmission capacity, resulting in bottlenecks in the electricity network. A 2023 report from Centrica found that the queue for connecting…

  • New 'rotor-blown wing' drone shifts between helicopter and airplane modes

    Sikorsky has successfully flown its drone prototype that lifts off vertically like a helicopter but cruises like an airplane. The battery-powered, 52kg uncrewed aerial system (UAS) features what Sikorsky, an arm of defence firm Lockheed Martin, calls “rotor-blown wing” design. This design essentially directs the backwash from the twin propellers or rotors over the wing surfaces, reducing drag and enabling lift by increasing the velocity of the air. The vertical take-off and landing (VTOL) prototype, which features a 10.3ft (three metre) composite wingspan, has been put through a number of flight tests to assess its operational stability and manoeuvrability when transitioning between flight modes. In January 2025, it successfully completed more than 40 take-offs and landings. During…

  • Climate change is shrinking the thermosphere and crowding out satellites – MIT study

    Scientists have predicted a fall in the number of satellites that can sustainably operate in low-Earth orbit (LEO), because of the impact of climate change on the atmosphere. According to a new study from the Massachusetts Institute of Technology (MIT), greenhouse gas emissions are causing the upper atmosphere, known as the thermosphere, to shrink, which changes the way bodies orbit around the Earth. Satellites in LEO reduce the latency effect associated with those operating in a much higher orbit. This is particularly beneficial to the growing satellite constellations that aim to give total broadband internet coverage around the world, such as services from Starlink and Amazon’s Project Kuiper. There are already over 10,000 satellites operating in LEO. When the thermosphere contracts…

  • Only 17% of cities meet WHO air pollution guideline, report finds

    The recently published 2024 IQAir World air quality report has revealed some alarming trends of air pollution levels worldwide. In its 7th annual report, Swiss technology company IQAir significantly expanded the amount of monitoring stations from its previous year’s report. From 30,000 air quality monitoring stations in 2023, for this year’s report data was analysed from more than 40,000 air quality monitoring stations across 8,954 locations in 138 countries, territories and regions. This increase is attributed to the low-cost air quality monitors used by citizen scientists, researchers, community advocates and local organisations. These monitors have helped to provide a more accurate picture of air pollution levels worldwide. Of the 138 countries analysed, the report found that Chad…

  • Neom gigaproject reportedly turning into a financial disaster, with costs soaring to $8.8tn

    Currently under construction in the Saudi desert, the highly ambitious megacity Neom has become a financial disaster, according to a report by The Wall Street Journal (WSJ). Neom was first announced in 2017 by the project’s mastermind Mohammed bin Salman, the crown prince of Saudi Arabia. Plans for the gigaproject included a 170km linear city called The Line, which will span three countries (Saudi Arabia, Egypt and Jordan) across 26,500km2 of desert along the Red Sea. In October 2024, Saudi Arabia opened the first area of Neom, a luxury island known as Sindalah, and last month construction began on the Hidden Marina development, the first phase of The Line. According to a recent article in Arabian Gulf Business Insight, the Neom project is using one-fifth of the entire world’s available…

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