Bank of England to relax capital rules despite warning of economic threats July 7, 2026 The Bank of England set out proposals to relax UK banks’ capital rules even as it sounded the alarm on the growing risk of multiple threats hitting the UK economy. In the latest meeting of the central bank’s Financial Policy Committee top officials said it would work with watchdogs on a package of “broad reforms” [...]
Winners and losers: Billionaires boom but Brits suffer largest fall in wealth since pandemic July 1, 2026 The artificial intelligence boom fuelled a 13 per cent surge in global billionaire wealth last year, according to a fresh study which also found the UK has suffered the biggest fall in overall wealth levels of any developed nation since the pandemic. According to the UBS temperature check of high-net-worth individuals, nearly 400 billionaires were [...]
Britain must speed up to survive the AI era July 1, 2026 The AI era will reward the small number of countries that can adapt and build quickly enough and it will punish those that can’t, says Sam Richards “Well, in our country,” said Alice, still panting a little, “you’d generally get to somewhere else – if you ran very fast for a long time, as we’ve [...]
HSBC targets $100m in savings with Google Cloud AI tie-up June 17, 2026 Europe’s biggest lender HSBC has sealed a a tech tie-up with Google where it aims to use AI to scout priority projects that could bank the firm $100m in “efficiency gains”. The FTSE 100 giant is planning to roll out Google Cloud across its operations in a deal that the bank says will allow 200 [...]
Sadiq Khan: London tech boom can weather ‘dizzying’ AI risks June 1, 2026 Sadiq Khan has insisted London is “busy writing” the future of AI despite the “dizzying” risks posed by the technology, as fresh figures show the capital has reclaimed its position as Europe’s leading tech hub. The Mayor of London said AI presents both “impacts and opportunities”, but argued the capital was well placed to benefit [...]
Samsung employees bag £310k bonuses as chip boom sends payouts soaring May 28, 2026 Samsung’s AI-fuelled chip boom has delivered eye-watering payouts for thousands of staff, after workers at the South Korean giant voted through a profit-sharing deal worth hundreds of thousands of pounds each. Employees in Samsung’s memory chip division are set to receive bonuses averaging roughly £310,000, mostly in stock, as soaring demand for AI data centre [...]
Londonmaxxing: Capital reclaims European tech crown as money floods into AI and fintech May 28, 2026 London has reclaimed its position as Europe’s leading tech spot, overtaking Paris after a sharp rise in AI investment and a renewed influx of global capital into its startup scene. New figures from Dealroom show London ranked fourth globally in its latest Global Tech Ecosystem Index, behind only Silicon Valley, New York and Boston, after [...]
Salesforce earnings set to test AI sell-off fears May 27, 2026 Salesforce will report earnings after the bell on Wednesday, with investors watching closely to see whether the software giant can shake off the AI-driven sell-off that has hammered the sector since February. The Slack owner has lost around a third of its value this year, badly underperforming both the Nasdaq and wider software sector, as [...]
‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks May 21, 2026 One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]
Weather or not to stock – AI aims to shelter UK business from the classic (wet) British summer May 21, 2026 A chilly spring, a sluggish UK economy and hard-pressed household budgets at a time of rising interest rates have combined to put a national talking point – the weather – into the spotlight in the City. Seasonal trends, or the lack of them, can make or break trading at retailers and hospitality companies. Disruption from [...]