INSIDER UK | News

Tariffs and Inflation Push Scotch Whisky Into Oversupply The global Scotch whisky market has entered surplus territory after sales fell 2.5% in the first half of 2025. Rising living costs and US trade tariffs have reduced consumption, leading producers to curb output. Diageo said it reduced production at some distilleries to better match current demand. INSIDER | UK

Why AI beat human traders The Aster tournament demonstrated that AI handles volatile markets more efficiently. Human participants recorded losses of –32.21%, while AI limited losses to –4.48%. Emotional discipline and strict execution gave algorithms a clear edge. The performance gap was hard to ignore. INSIDER | UK

Scientists Challenge Lucy's Status as Human Ancestor A new study suggests that "Lucy," the famed Australopithecus afarensis, may not be our direct ancestor after all. The research proposes Australopithecus anamensis as the potential ancestor, igniting fierce debate among experts. Recent fossil discoveries, including the Burtele foot, have complicated the human evolutionary tree, indicating that Lucy's species might not be the sole precursor to modern humans. While some anthropologists support this shift, others maintain Lucy's vital role due to her unique traits. The debate highlights the complexity of our evolutionary history, with many species evolving concurrently. INSIDER | UK

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OpenAI locks in memory supply until 2029 Sources report that OpenAI has effectively reserved up to 40% of the world’s DRAM production. By working directly with Samsung and SK Hynix, the company secures hundreds of thousands of wafers monthly. This strategy prioritizes AI infrastructure needs and could significantly reduce the availability of low-cost RAM for the broader market. INSIDER | UK

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Trump: US Will Keep or Sell Oil Seized From Venezuela Donald Trump said the United States will keep or potentially sell crude oil taken from Venezuelan tankers seized at sea, adding that the vessels themselves will also be retained. Washington says the ships are part of a sanctioned “dark fleet” used to evade restrictions, while Caracas calls the seizures piracy. The US has already seized two tankers this month and is pursuing a third. INSIDER | UK

Washington Hunts Another Sanctioned Venezuelan Oil Vessel US authorities say they are tracking a third tanker linked to Venezuela’s “dark fleet”, accused of sanctions evasion. The vessel is reportedly flying a false flag and is under a judicial seizure order. INSIDER | UK

Putin Says Wars Will End If Russia Is Treated as an Equal Putin told Western leaders that Russia is ready to cooperate with Europe, the UK, and the US — but only “as equals”. He said hostilities could stop immediately if Russia’s security concerns are met. However, his demands still include control over occupied Ukrainian territories and opposition to Ukraine joining NATO. INSIDER | UK

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Scientists Find Contagious Whale Virus Using Drone Technology Researchers have identified a potentially deadly virus circulating among Arctic whales by analyzing exhaled breath collected via drones. The virus spreads easily between whales, dolphins, and porpoises and can travel across oceans. The discovery raises concerns about growing disease risks in rapidly changing Arctic ecosystems. INSIDER | UK

Life Sentence for French Doctor Who Poisoned 30 Patients A court in eastern France has handed life imprisonment to former anaesthetist Frédéric Péchier for poisoning 30 hospital patients, causing 12 deaths. Investigators discovered infusion bags containing potassium levels up to 100 times the normal dose. The case emerged after a patient survived a cardiac arrest during surgery in 2016, triggering a criminal investigation. INSIDER | UK

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US Announces $11bn Weapons Sale to Taiwan The United States has announced an $11bn arms sale to Taiwan, one of the largest in history. The package includes HIMARS rocket systems, self-propelled howitzers and multiple missile types and still requires approval from Congress. It is the second such deal since Donald Trump returned to the White House. China strongly condemned the move, calling it a violation of its sovereignty. Taiwan’s defence ministry welcomed the deal, saying it would significantly strengthen deterrence amid rising pressure from Beijing. INSIDER | UK

Traders Lose to AI in Aster Trading Tournament Human traders are falling behind neural networks in Aster’s trading tournament. While manual traders are down nearly 30%, AI-driven strategies are currently trading around break-even, highlighting the growing gap between humans and algorithms. INSIDER | UK

Warner Bros Discovery to Reject $108bn Paramount Takeover Bid Warner Bros Discovery is expected to urge shareholders to reject Paramount Skydance’s $108.4bn takeover offer, according to reports. The company reportedly has concerns over how the deal would be financed, despite Paramount calling its bid superior to Warner Bros’ existing agreement with Netflix. The move could be announced as early as Wednesday. INSIDER | UK

UK Police Decline to Reopen Epstein Investigation The Metropolitan Police said it has no new evidence to reopen an investigation into Epstein’s UK activities, despite newly examined flight data. Victims’ lawyers argue this sends a dangerous message and say a UK probe could still identify British-based enablers. INSIDER | UK

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