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Coinbase UK Fined $4.5 Million by British Regulator for ‘High-Risk’ Customer Breaches
British regulators fined Coinbase’s UK arm £3.5 million ($4.5 million) on Thursday for violating a voluntary agreement intended to prevent the cryptocurrency exchange from onboarding “high-risk customers.” Coinbase Global shares were down nearly 2% in U.S. premarket trading. CB Payments Limited (CBPL), part of the Coinbase Group, operates a global crypto trading platform. In October […] More
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Stocks Plunge as US Tech Sector Faces Major Sell-Off
UK stocks hit a three-month low after a major sell-off in US tech shares triggered a global market plunge. The FTSE 100 fell by 0.8%, while the FTSE 250 dropped 1.1% as trading opened, following a sell-off sparked by declining profits at Tesla, the world’s largest electric car maker. US stock markets experienced their worst […] More
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Revolut Secures UK Banking Licence After Three-Year Wait
Revolut has announced that it has secured a UK banking licence, concluding a regulatory process that spanned over three years and providing a significant boost to the fintech’s expansion plans in its home market. The London-based company revealed on Thursday that it received the licence from the Prudential Regulation Authority (PRA), which had initially received […] More
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Great British Energy and Crown Estate Join Forces to Develop New Offshore Wind Farms
The partnership aims to lease up to 30 gigawatts of new offshore wind projects by 2030, potentially providing power for nearly 20 million homes. According to the government, this initiative could attract up to £60 billion in private investment into the nation’s energy infrastructure. Officials are optimistic that this will contribute to lowering domestic energy […] More
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Elon Musk Announces Tesla’s Plan to Deploy Humanoid Robots Next Year
Tesla CEO Elon Musk announced that the electric car manufacturer will begin producing and utilizing humanoid robots next year. In a social media post, Musk shared that these robots will initially be used within Tesla and are set to be available for purchase by 2026. Previously, he had indicated that the robot, named Optimus, would […] More
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Breaking Barriers: Women Match Men in Business Start-Ups for the First Time
Women in Scotland have reached a significant milestone in business, with female entrepreneurs now equalling the number of male entrepreneurs for the first time. A recent report indicates that women were initiating and managing new businesses at almost the same rate as men last year. The Global Entrepreneurship Monitor (GEM), an annual survey of entrepreneurship, […] More
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How To Create Your Marketing Agency Flyer In 5 Steps
Introduction: A marketing agency flyer is a tool that can significantly help in attracting new clients to the company and introducing the services. While preparing a flyer, it is possible to attract viewers’ attention, deliver the needed information, and provide an opportunity to get potential clients’ responses and further action. Here is how you can […] More
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Retail Sales Plummet in Great Britain Due to Poor Weather Conditions
Retail sales in Great Britain experienced a sharper-than-expected decline in June, dropping by 1.2% as households tightened their spending amidst adverse weather conditions, election uncertainties, and the ongoing cost-of-living crisis. This decline followed a 2.9% increase in May and was steeper than the anticipated 0.4% drop. According to the Office for National Statistics (ONS), department […] More
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‘Just the Beginning’: GMB Initiates Legal Action Against Amazon Following Union Vote Setback
Over 3,000 workers at Amazon’s Coventry warehouse were recently asked to vote on union representation by the GMB. However, the union fell just short with 49.5% of the 2,600 voters supporting union recognition, missing a majority. As a result, the GMB cannot officially represent the workforce. They have launched a legal claim against Amazon, alleging […] More
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British Millionaire Nears Deal to Acquire The Body Shop from Administration
The high street cosmetics chain entered administration in February, leading to the closure of 75 stores and the loss of 489 jobs. A team managed by former Molton Brown CEO Charles Denton is now poised to complete a rescue takeover deal, as administrators have agreed to an ‘exclusivity agreement’ following a competitive bidding process. The […] More
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