Old Lady of Threadneedle Street to Pay Millions for ‘Amended Implementation Methodology’ The Bank of England has nearly doubled its…
Year: 2025
UK accelerates major steel industry consultation in response to US tariffs
LONDON: The UK published a major consultation paper for its steel industry on Sunday, weeks ahead of schedule due to President…
TikTok returns to Apple, Google app stores
TikTok returned to the Apple and Google app stores Thursday evening. The Chinese-owned social media app had been removed from the the two stores on Jan.…
OpenAI Rejects Elon Musk’s US$97.4 Billion Takeover Bid
OpenAI’s board chairman today said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company…
UK Energy Firms Compensate £20m for Billing Errors Over Five Years
Britain’s big energy providers have paid more than £20m in compensation to customers for billing mistakes over the past five…
Close Brothers’ Financial Provision for Motor Finance Claims
Close Brothers, a British financial institution, has allocated up to £165 million to address potential motor finance claims. This move…
Italy investigates Amazon over alleged €1.2bil tax evasion
Italian prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth €1.2 billion (US$1.26…
From words to action: The outlook on fraud in the UK in 2025
If politicians and policymakers were feeling jubilant this time last year following indications of a 10% drop in the levels…
Analysis of the UK Government’s Plan to Digitalise Property Transactions
The UK government’s initiative to digitalise property data sharing aims to modernise the homebuying process by reducing delays and inefficiencies.…
Challenges in the Business Relationship Between the United Kingdom and Malaysia
The business relationship between the United Kingdom and Malaysia faces several challenges: Bribery and Corruption Overseas companies investing in Malaysia…