Starling Bank to cut 130 jobs and boost investment in AI to reduce costs
Starling Bank has said it will cut more than 100 jobs from its workforce, as it invests more heavily in artificial intelligence to push down costs.
Read more →Regulation
US residents angry at datacenters ‘being shoved down our throats’ are recalling officials
People across the country are pushing for moratoriums, and electeds who approve projects are being punished
Read more →Far from waging war on the south, Burnham could improve the lives of Londoners. Here’s how | Polly Toynbee
The right wants to paint Manchesterism in terms of north v south – but poverty everywhere is solved by prioritising the public purse over private pockets
Read more →Oil price ‘may fall to $60 a barrel’ as voyages through the strait of Hormuz jump – business live
Voyages through the Strait of Hormuz have more than quadrupled in the past week amid growing confidence in the US and Iran’s 60-day ceasefire, the Financial Times reports .
Read more →Homes in England with kitchens that open on to the garden – in pictures
A country house and estate that has had a huge price reduction leads our round-up this week.
Read more →Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’
Read more →Spyware used against MEP investigating Pegasus abuses, report finds
Researchers say Stelios Kouloglou’s device was compromised after he joined European parliamentary committee
Read more →3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom
Powered by chipmakers Samsung Electronics and SK Hynix, South Korea is seeing a surge in wealth, but there are questions over who gets to share in the profits
Read more →Christine Lagarde: Interview with Les Échos
On 11 June, the ECB raised its key interest rates. Do you still think that was the right decision, given that just ten days later Iran and the United States agreed a 60-day ceasefire?
Read more →Conflicts of interest? Trump only has one interest: himself | Robert Reich
The president made $2.2bn last year, with plenty of help from his own political decisions. This is called corruption, folks
Read more →Piero Cipollone: The digital transformation of money, payments and finance
For centuries, central banks have issued money and safeguarded its value. That mandate has not changed.
Read more →Defra breached law when it let farmers use bee-killing pesticide, watchdog says
Office for Environmental Protection finds failures by department when it granted emergency authorisation in 2023 and 2024
Read more →Nigel Farage reported to standards watchdog over ‘crypto lobbying’
Commissioner asked to investigate Reform UK leader after private meeting with Bank of England governor
Read more →Tesla sales surpass expectations for second quarter as Musk backlash seems to cool
Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declines
Read more →Federal Reserve Board issues enforcement action with Small Business Bank and announces termination enforcement actions with BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc.
The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below:
Read more →FCA ordered to partly suspend car finance compensation scheme
Court orders financial watchdog to halt parts of £9.1bn scheme until challenges are heard, delaying payouts
Read more →US employers added just 57,000 new jobs in June, lower than expected
The country’s unemployment rate dropped slightly to 4.2% as US job growth also slowed for the month
Read more →Ministers call for better tracking of teenagers at risk of dropping out of work or training in England
Councils and schools urged to do more as figures show there is no information on whereabouts of 32,100 ‘Neets’
Read more →Pension firms must do more for customers in older pensions and fund savings
The FCA has found that people holding legacy pension products, now closed to new savers, could be receiving poorer value than those in newer ones.
Read more →Motor finance scheme partially suspended
The Upper Tribunal has made an order suspending parts of the scheme. We set out what the partial suspension means for firms and consumers.
Read more →Ryanair warns of summer ‘queue chaos’ at EU airports over fingerprint checks
European Commission invites air industry to urgent meeting to discuss concerns over new entry and exit system
Read more →Payments Vision Delivery Committee update on future retail payments infrastructure
The Retail Payments Infrastructure Board (RPIB), led by the Bank of England, recently published a consultation on the future retail payments infrastructure.
Read more →All the whey up! A dairy byproduct is now the star of the ‘proteinmaxxing’ boom – but is demand too high?
As GLP-1s drive the current protein craze, a supplement once only taken by powerlifters is now so popular US producers are struggling to keep up
Read more →Financial regulator to simplify investment disclosure regime
The FCA is proposing to simplify how platforms, advisers and wealth managers communicate the costs of investing while reminding firms to communicate with consumers about investing in plain English.
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