After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
High street banks lost £100bn in customer savings to rivals since 2019 August 4, 2025 High street lenders have lost the equivalent of £100bn in customer savings to online banks and building societies as they come under pressure to adapt amid a major shift in the sector, according to a report. KPMG’s latest State of the Banks report found that traditional banking groups saw their market share in deposits drop [...]
Airline hails spike in premium bookings to the UK August 4, 2025 Airline Emirates has recorded a surge in bookings from affluent visitors to the UK, which it claimed is “driving forward economic growth” in the country.
Motor finance redress scheme to cost up to £18bn, FCA says August 3, 2025 The Financial Conduct Authority has confirmed it will consult on an industry-wide redress scheme following the Supreme Court’s motor finance ruling last Friday. The City watchdog is aiming to publish a consultation by early October, with total costs of the redress expected to be between £9bn and £18bn. The regulator said in June that any [...]
Borrowing costs set to ease further as Bank contends with weaker jobs market August 3, 2025 Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists think the Bank’s Monetary Policy Committee (MPC) will cut interest rates by 0.25 percentage points to 4% on Thursday. It could release pressure for some mortgage holders amid hopes that cheaper [...]
Guinness sales in focus as Diageo updates market after boss’s exit August 3, 2025 Investors in Diageo will be hoping the continued boom in demand for Guinness will help put the drinks giant back on track following the departure of its boss, and challenging conditions. The FTSE 100 firm, which also makes Johnnie Walker whisky and Gordon’s gin, is among the index’s weaker performers this year, with its share [...]
Snoop Dogg, Reynolds and Modric: What’s luring stars to Welsh football? August 3, 2025 From Wrexham to Swansea and, perhaps soon, Cardiff: is the need for narratives leading the rich and famous to Welsh football? Two years ago, an American couple at Crewe train station asked me if they were on the right platform. They’d travelled from the other side of the world to go on a football pilgrimage. [...]
Home Office to crack down on promoting small boat crossings online August 3, 2025 Anyone who advertises small boat Channel crossings or fake passports on social media could face up to five years in prison under new plans. Ministers are seeking to create a new offence under the Border Security, Asylum and Immigration Bill already going through Parliament, to widen its scope to tackle illegal entry to the UK. [...]
Rachel Reeves admits Labour has disappointed Brits August 2, 2025 Chancellor Rachel Reeves has admitted that the Labour government has disappointed some Brits after it raised £40bn in taxes at last year’s Autumn Budget. The Labour government have come under fire for its high-tax and high-spend policies in power despite claiming it would be more business-friendly during electoral campaigns last year. Now Rachel Reeves has [...]
Government defends Online Safety Act after X claims it threatens free speech August 2, 2025 The Government has defended the Online Safety Act after Elon Musk’s X said the legislation was threatening free speech. In a post titled What Happens When Oversight Becomes Overreach, the platform, formerly known as Twitter, outlined criticism of the act and the “heavy-handed” UK regulators. The Government countered that it is “demonstrably false” that the [...]
Trump removes jobs data official after employment report August 2, 2025 President Donald Trump has removed the head of the agency that produces monthly jobs figures for the US after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform, alleged that the figures were manipulated for political reasons [...]