Bank of England mulls ‘further steps’ to boost City’s global competitiveness September 26, 2024 The UK's banking regulator is mulling "further steps" to boost the City's international competitiveness as one of its top brass hailed a "broadly welcoming" response to its softening of bank capital rules.
Good riddance Woke Capitalism. We can get back to business now September 26, 2024 The era of ESG and DEI finally seems to be waning, thank god! So why can't Britain also let Woke Capitalism go, asks Fred de Fossard.
Regulation in the UK a ‘web of complexity’ and harming innovation says think tank September 25, 2024 A leading think tank has called for the government to create a ‘call-in’ power to overrule regulators’ decisions, warning that Britain’s approach to tech regulation is harming innovation and investment in the sector. In a new report, right-leaning think tank Onward described the UK’s patchwork of “under-resourced” and “overstretched” regulators as spinning a “web of [...]
Powering Innovation – The CEO of SambaNova Systems celebrates Saudi Investment in AI September 24, 2024 Saudi Arabia is committed to powering the next generation of artificial intelligence and harnessing its benefits for the good of humanity. This was the central message at this year’s GAIN Summit, a global AI conference held at the King Abdulaziz International Convention Centre in Riyadh between 10-12 September. The summit, which was organised by the [...]
Why Google faces millions in fines from global regulators September 24, 2024 Google is up against the growing wrath of regulators worldwide, as it faces the possibility of millions in fines for alleged anti-competitive practices. According to Bloomberg, the EU is preparing to investigate Google’s conduct in the digital marketplace, including whether it preferences its own services, such as Google Flights and Google Hotels, in search results. [...]
Sally Rooney Intermezzo review: Normal People author’s shift to the male perspective comes at a cost September 19, 2024 Moody men take the spotlight in Sally Rooney's Intermezzo, leaving the women as martyrs in the process, writes Anna Moloney.
FCA chief encourages more risk-taking among firms to boost financial inclusion September 19, 2024 The chief executive of the Financial Conduct Authority has said more risk-taking among firms is needed to push a "step change" in the UK's financial inclusion, which could also boost economic growth.
Replace the NHS with Social Health Insurance says think tank September 19, 2024 The IEA has called for a radical transformation of the NHS, proposing it be replaced with a Social Health Insurance system to improve healthcare outcomes in the UK
Close Brothers to sell asset management arm as motor finance bill looms September 19, 2024 Close Brothers' shares are down by around a third since the Financial Conduct Authority announced in January that it would review whether customers were overcharged via now-banned discretionary commission arrangements on car loans.
Google wins £1.3bn case against EU ruling over ad product September 18, 2024 Google has overturned a nearly €1.5bn (£1.3bn) EU fine related to its AdSense advertising platform in a win for the tech giant following two major fines. The General Court has found “errors” in the European Commission’s 2019 assessment of Google’s advertising contracts with publishers. Europe’s second highest court, based in Luxembourg, has annulled the fine [...]