LONDON, March 20 – The Financial Conduct Authority (FCA), Britain’s financial regulator, has fined the London Metal Exchange (LME) for…
Author: Edith Austen
UK Unemployment Rate Holds at 4.4% as BoE Expected to Maintain Interest Rate
Britain’s unemployment rate remained steady at 4.4% in the three months to January, according to data from the Office for…
US Demands Stricter Oversight as Boeing Struggles to Rebuild Public Trust
SEATTLE: US aircraft manufacturer Boeing has lost its way and the trust of the American people following a January 2024…
Vietnam approves over US$88bil rail link project to connect with China
HANOI — The Vietnamese parliament has now approved a railway project worth over US$8 billion that will connect its northern…
Bank of England’s Oracle Cloud Bill Soars – But When You Print Money, Who’s Counting?
Old Lady of Threadneedle Street to Pay Millions for ‘Amended Implementation Methodology’ The Bank of England has nearly doubled its…
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…