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 …
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 …
Sky News has learned that the cinema operator will announce a restructuring plan on Friday, leading to the closure of approximately 25 sites across the UK. According to city sources, around half a dozen Cineworld cinemas will begin the closure process immediately and will shut their doors for the last time later this summer. The …
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 …
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 …
Global financial markets in both the US and Asia have seen significant declines as investors pull back from technology stocks, with AI-related shares experiencing substantial losses. In Wednesday's trading in New York, the S&P 500 fell by 2.3%, and the tech-centric Nasdaq dropped by 3.6%, marking their largest one-day declines since 2022. The Dow Jones …
Pickpocketing, a crime as old as time, continues to plague cities worldwide. While human vigilance remains essential, technology is emerging as a powerful ally in the fight against these nimble thieves. Artificial intelligence (AI) offers a promising arsenal of tools to deter, detect, and prevent pickpocketing. Predicting the Crime Before It Happens AI's predictive capabilities …
Over £1 billion in savings have been lost from pensions due to "rip-off" charges. Reports indicate that a staggering £1 billion in pension funds has been erased in what is described as a harsh impact on pension holders due to rising costs of living. According to The People's Pension, UK savers may have lost £1.2 …
Consumer group Reckitt has initiated a strategic review of its infant formula business, Mead Johnson, and plans to sell a large portfolio of its home care brands, including Air Wick and Cillit Bang, to streamline its operations. Mead Johnson, acquired by Reckitt in 2017 for $17 billion, has faced several challenges, including recent litigation in …
Just days after Ryanair issued a warning about demand and the need for increased discounting, easyJet reported that its prices remained flat on average compared to last year, with no signs of weakening bookings heading into the summer peak. Following this news, easyJet's shares rose by 8%, and other aviation companies also saw gains after …
The Royal Family has spent over £1 million on flights via helicopters and is set to get two new helicopters soon. The overall cost of their travel has gone up from £3.9 million to £4.2 million this year. They are making adjustments to become more environment-friendly and efficient. The royal family has spent over £1 …
The royal family spent over £1 million on helicopter journeys last year and plans to acquire two new helicopters to replace those in use for the past 15 years. Official accounts show that the royals undertook 170 helicopter trips, costing £1,096,300 in total. The overall travel expenditure rose to £4.2 million from £3.9 million the …
Starting September 18, the Financial Conduct Authority (FCA) will enforce stricter requirements for banks and building societies to evaluate and address the availability of services like branches and ATMs in local communities. These institutions will be obligated to address any significant service gaps identified through assessments, which local areas can request. Under the new rules, …
King Charles is set to benefit from an addition of £45 million to his income, driven by a big increase in Crown Estate profits. The rise will see the Sovereign Grant—money towards royal duties—increase to £132 million for 2025-26. This extra money will be put toward the finishing touches of the renovation going on at …
