The bank has hired several AML experts, reduced the pay of its senior team and changed its CEO, and is now going through a strategic review that will look for ways to reallocate capital, optimize costs, simplify its portfolio and invest in new technology that can support organic growth. The review is expected to be […]
Gas boiler installations in the UK outpaced heat pump fittings by more than 15 to one last year, highlighting how far the country still has to go in meeting its clean energy targets. According to new research by the Resolution Foundation, the uptake of low-carbon alternatives is well off track — with poorer households particularly […]
Royal Mail is trialling a high-tech, solar-powered postbox equipped with a barcode scanner and a larger hatch designed to accept parcels — in what it calls the biggest transformation to postbox design in more than 175 years. Dubbed the “postbox of the future”, the new design reflects the growing shift in the postal sector as […]
Manchester United legend Eric Cantona has launched a scathing attack on Sir Jim Ratcliffe, accusing the club’s minority owner of “trying to destroy everything” that makes the club special — including ignoring Cantona’s personal offer to help rebuild it. Speaking at a fan event for FC United of Manchester — the breakaway club formed in […]
Gerry Adams, the former Sinn Féin president, has said he is considering legal action against Meta after discovering that several of his books may have been used without permission to train the tech giant’s artificial intelligence models. Adams claims that at least seven of his titles were included in material scraped from the web to […]
Oil prices tumbled to their lowest level in more than four years on Wednesday as escalating trade tensions and unexpected supply increases from Opec+ rattled global markets. Brent crude, the international benchmark, dropped as much as 5.2% to $58.46 a barrel, falling below the $60 mark for the first time since February 2021. The sharp […]
President Donald Trump has announced a 90-day pause on tariffs above the 10% baseline rate, offering a temporary reprieve for most US trading partners — with one notable exception: China. In a post on Truth Social, the President confirmed the pause would take immediate effect, while also declaring a punitive 125% tariff on Chinese imports, […]
Sipay, the rapidly scaling Turkish fintech specialising in embedded finance and payment solutions, has raised $78 million in a Series B funding round, pushing its valuation beyond $875 million. The round was led by US-based venture capital firm Elephant VC, with support from QuantumLight, the investment firm founded by Revolut CEO Nik Storonsky. Recognised as […]
Chancellor Rachel Reeves has told MPs that Bank of England governor Andrew Bailey has confirmed that financial markets are “functioning effectively” and that the UK’s banking system remains resilient, despite the escalating global uncertainty caused by President Trump’s new tariffs. Speaking in the House of Commons, Reeves took the unusual step of opening Treasury questions […]
Retail tycoon Sir Philip Green has lost a high-profile legal case at the European Court of Human Rights (ECHR), after attempting to challenge the UK’s use of parliamentary privilege following his public naming in the House of Lords over alleged misconduct. The former Arcadia Group boss, who is now based in Monaco, brought the case […]