United Kingdom

UK Prime Minister Rishi Sunak has reassured the public that his financial plans will not lead to austerity. This comes despite concerns raised by the fiscal watchdog about the potential impact of his tax-cutting strategy on public services. In a recent interview with Bloomberg TV, Sunak refuted...

The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector. Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions, Bloomberg reported. As...

Sony Group Corp.'s (NYSE: SONY) PlayStation 5 (PS5) 'Slim' might be in the works. Meanwhile, there are excellent deals on the base PS5 console in the U.K., including one bundle with "EA Sports FC 24" priced at £409.99 in select U.K. retailers, IGN reported. This offer...

Government officials in London and Washington are each advancing regulatory measures concerning artificial intelligence (AI), acknowledging its societal implications. U.K. Sets Principles: The UK's Competition and Markets Authority (CMA) is outlining principles to deter a few tech corporations...

Dutch payment technology giant Adyen (OTCMKTS: ADYEY) nabbed a banking license in the U.K., enabling its merchants to offer cash advances to small and medium-sized enterprises there.   Adyen is used by several high-profile companies including Microsoft, Instacart and Subway as an all...

Barclays PLC (NYSE: BCS) is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unit as the bank is seeking a partner to boost the business. The business could be worth at least £2 billion ($2.5 billion), based on an EBITDA of about £300...

The United Kingdom is taking to electric vehicles quickly. Really quickly. What Happened: As per data released by the Society of Motor Manufacturers and Traders (SMMT), a battery electric car was registered every 60 seconds in July as registrations jumped 87.9%. Gas vehicles, however, continue to...

Pharmacies in Wiltshire, U.K. are facing a “very short supply” of the Type 2 diabetes drug, Ozempic (Semaglutide), BBC reports. Shortage Until Mid-2024: The U.K. Department of Health and Social Care has confirmed that the country is experiencing a shortage of the drug and it may not be...

Tomorrow morning, Great Britain awaits a key set of economic releases, including inflation data points, producer price index data points, and retail price index figures. Notably, consumer price inflation in the United Kingdom remained steady at 8.7 percent in May 2023, maintaining the previous...

"We're not going to stand by as bad actors are profiting off the sale of illegal products that are addicting our nation's youth," declared Brian King, director of the FDA's Tobacco Center, signaling a new era of regulatory action against the vaping industry....

Moments after a U.S. court ruling allowing the merger to proceed, the U.K.'s Competition and Markets Authority (CMA) reached an agreement with Microsoft Corp. (NASDAQ: MSFT) and Activision Blizzard Inc. (NASDAQ: ATVI) to temporarily suspend their ongoing London appeal over the $69 billion...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

Financial services giant Mastercard Inc (NYSE: MA) is making strides in the blockchain technology space with the unveiling of its Mastercard Multi-Token Network (MTN), which seeks to have secure, scalable and interoperable transactions within the digital asset and blockchain...

Amid the U.S. Securities and Exchange's crackdown on the crypto industry, venture capital firm Andreessen Horowitz (a16z) intends to expand its horizons to the U.K. The San Francisco-based firm commends the country for what it considers an innovative approach to cryptocurrency and...

In a remarkable surge, Tesla Inc (NASDAQ:TSLA) witnessed a staggering 13,656% year-over-year increase in new vehicle registrations in the United Kingdom, according to industry data.  What Happened: The Society of Motor Manufacturers and Traders (SMMT) revealed that 3,439 new...