IMF sounds alarm over Nigeria CBDC money laundering risks February 22, 2022 The International Monetary Fund (IMF) has warned that Nigeria's central bank digital currency (CBDC) could create financial risks.
City investors spooked by Russian forces moving into Ukraine February 22, 2022 Russian forces moving into eastern Ukraine sent City investors looking for direction yesterday as London’s top indexes posted a mixed day. The capital’s premier FTSE 100 index added 0.13 per cent to reach 7,494.21 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.49 per [...]
Crypto start up Amber Group valued at $3bn after bumper funding round February 22, 2022 Crypto start up Amber Group claims its valuation has soared to $3bn after a bumper $200m Series B+ funding round.
£13bn in a year: Entrepreneurs selling businesses and assets cause capital gains tax bills to jump 20 per cent February 22, 2022 The UK’s Capital Gains Tax bills jumped 20 per cent from £10.8bn to a record high of £12.9bn in the past year, according to new research shared with City A.M. this afternoon. The increase is primarily due to a rise in tax on entrepreneurs selling businesses causing The value of capital gains in the UK [...]
Named and shamed in ‘global game of chess’: The Russian banks and businessmen the UK has imposed sanctions on February 22, 2022 Five banks named by Boris Johnson earlier today only have a small footprint in the UK, although the largest one Promsvyazbank did have ambitions to float on the London Stock Exchange a decade ago. The sanctions imposed on the five banks and three Russian businessmen are unlikely to have a significant effect on British businesses [...]
Boots launches Covid-19 test kit as government scales back free checks February 22, 2022 Boots has launched an affordable Covid-19 lateral flow kit after the government announced plans to limit free testing.
London Stock Exchange dives into crypto trading with $325m Tora deal February 22, 2022 The London Stock Exchange Group (LSEG) has inked a deal to snap up Tora in an effort to expand its digital asset trading capabilities.
FCA slaps down crypto unicorn Bitpanda’s regulation claims February 22, 2022 Britain's financial watchdog has poured cold water on Bitpanda's claims it is able to perform regulated crypto custodian services in the UK.
Police return £4m to victims of international crypto scam February 22, 2022 Greater Manchester Police have returned £4m to its rightful owners after successfully bringing down an international crypto scam.
Factory prices set to accelerate at fastest rate since mid-1970s as inflationary pressures bulge February 22, 2022 Factory prices are set to soar at their fastest pace since the mid 1970s as inflationary pressures in the UK economy dial up, according to a closely watched survey published today. A net balance of 77 per cent of British manufacturers intend to hike prices over the next three months, according to a survey by [...]