Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond February 24, 2024 A US judge on Friday accepted Binance’s guilty plea and more than $4.3bn (£3.4bn) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US district judge Richard Jones in Seattle approved the plea, which includes a $1.8bn (£1.4bn) criminal fine and $2.5 (£2bn) billion [...]
British Airways ranked among worst airlines for passenger satisfaction February 24, 2024 British Airways has been ranked among the worst airlines in a UK passenger satisfaction survey. The airline’s customer score for long-haul flights was the joint third lowest out of 17 carriers analysed by consumer group Which?, at 59 per cent. It received just two stars out of five for boarding experience and value for money, [...]
Second World War bomb taken out to sea after mass evacuation February 24, 2024 A 500kg Second World War bomb discovered in a back garden, which prompted “one of the largest UK peacetime evacuation operations”, has been safely taken out to sea. Around 30 of the armed forces’ most experienced bomb disposal specialists had worked around the clock since Tuesday to assess the condition of the device since it [...]
US and EU pile new sanctions on Russia February 24, 2024 The United States and the European Union have heaped new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The US government imposed roughly 600 new sanctions on Russia and [...]
Labour demands Truss and Anderson lose whip as pair rebuked by senior Tory February 24, 2024 Labour has called for Liz Truss and Lee Anderson to lose the Conservative whip over media appearances that also caused anger within Tory ranks. In a letter to Prime Minister Rishi Sunak on Friday, shadow paymaster general Jonathan Ashworth said “egregious” remarks made by the pair “cannot go unchecked or unchallenged”. Truss had used a [...]
‘Don’t bother going to New York’: Why challenger banks are nervous about listing in London February 24, 2024 A string of UK challenger banks have hit the headlines in recent months for grand plans to compete with their larger rivals on the London Stock Exchange. But executives looking to IPO have plenty to worry about.
Banking APPG calls to create financial services tribunal after scandals ‘eroded public trust’ February 24, 2024 The all-party parliamentary group for fair business banking (APPG) has recommended a creation of a financial services tribunal after a series of high-profile scandals “eroded public trust”. The cross-party group outlined its recommendation on building a framework for compensation and redress in a new report, which stated that the existing landscape of institutional mechanisms for [...]
Ocado to unveil improved sales after eventful year February 24, 2024 After a colourful year online supermarket and automation business Ocado will later this week unveil its earnings for 2023.
Meet the Acast co-founders looking to shake up digital subscriptions for UK publishers with Sesamy February 24, 2024 Sesamy has already been adopted by major publishers in Sweden and the founders are now turning their attention to the UK market.
UK off to strong start in 2024 despite recession while Germany and France stagnate February 24, 2024 Despite falling into a shallow recession in the second half of last year, business activity in the UK seems to have bounced back at the beginning of 2024.