UK

British regulators have imposed a hefty fine on Citigroup Inc (NYSE:C) for its trading control failures. What Happened: The UK’s banking and financial regulators have penalized Citigroup with a fine of over $78.5 million for its trading system and control shortcomings, reported Reuters. The...

The UK has successfully navigated its way out of a recession, with the gross domestic product expanding by 0.6% in the first quarter, according to official figures released on Friday. What Happened: The Office for National Statistics revealed that the UK’s GDP grew by 0.6% in the first...

The Bank of England (BoE) kept interest rates unchanged at 5.25% at its May meeting. Market participants anticipated this decision, which reaffirms the commitment to returning inflation to the 2% target. The decision was made with a 7-2 split in the vote. Monetary Policy Committee (MPC) members...

Antony Blinken‘s top deputy and the U.S. Under Secretary of State for Arms Control and International Security has dismissed concerns that the AUKUS pact, a trilateral defense and security agreement, would incite a nuclear arms race in the Indo-Pacific region. What Happened: Ambassador Bonnie...

The UK government is preparing to criminalize the creation of sexually explicit deepfake images. What Happened: The proposed law will prosecute and fine individuals found guilty of creating such deepfakes without consent, irrespective of their intent to share the images. Distributing the images...

As the United Kingdom (UK) gears up for its 2024 elections, cybersecurity experts are warning of an impending wave of state-sponsored cyberattacks and AI-generated disinformation. What Happened: The UK is expected to face a significant increase in cyber threats in the run-up to the 2024 elections,...

By RoboForex Analytical Department The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for workforce and wage growth, raising concerns about future economic...

The UK’s economy has officially entered a recession, raising concerns for Prime Minister Rishi Sunak as he prepares for an upcoming election. What Happened: The Office for National Statistics confirmed that the UK’s economy experienced a slight recession in the last year. The gross...

Leaders in the UK’s software industry are calling for increased government support, citing a “dreadful” track record of European software companies. The industry is seeking measures such as tax incentives and talent visas to bolster the sector. What Happened: Over 120 industry...

The London Stock Exchange has announced plans to launch a dedicated market for exchange-traded notes (ETNs) tied to Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), the two largest cryptocurrencies by market capitalization. The new market is scheduled to go live on May 28, marking a milestone in the...

The United States and the United Kingdom have initiated high-level discussions regarding potential security threats that may arise if both nations hold elections around the same time this year. What Happened: The U.S. presidential election is scheduled for Nov. 5, while the U.K. general election is...

The FCA concluded its comment period for Policy Statement for the framework for UK consolidated tape (CT) on the 9th of February 2024. We think there will need to be “give and take” in the short term to get the CT up-and-running the soonest and will need to remain flexible for right-...

A UK truck driver and his wife both won the lottery, leading to a life-changing decision for the couple. What Happened: Tony Hedley, a 68-year-old truck driver from Newcastle, England, and his wife, Christine, were both winners of the People’s Postcode Lottery, according to the BBC. Each of...

Amazon Prime Video in the UK has introduced a new advertising model in partnership with Reach. The implementation of ads has sparked controversy among UK subscribers. Amazon's stock value has rose significantly in 2023, with a 77% increase followed by an 11% rise for 2024 so far. Amazon.com...

King Charles III, the 75-year-old monarch of the U.K. and 14 other Commonwealth realms, has been diagnosed with cancer, as announced by Buckingham Palace Monday.  The diagnosis was revealed following a recent hospital procedure for benign prostate-related issues, according to The...