UK urged to take post Brexit payments lead after EU publishes bold plan June 28, 2023 The UK payments industry urged regulators and legislators to take a bold approach to new rules following the publication of the EU’s latest proposals. In a landmark set of regulations, the European Union (EU) will deepen and extend open banking, put in place greater fraud protections and give regulators more firepower to enforce the rules. [...]
Andrew Bailey, Christine Lagarde and Jerome Powell warn inflation fight not yet done June 28, 2023 Andrew Bailey and the cream of the global central banking crop today warned they may need to keep heaping pressure on the global economy before they can declare victory over high inflation. Speaking at the European Central Bank’s (ECB) annual monetary policy conference in Sintra, Portugal, the chiefs of the Bank of England, Federal Reserve [...]
Uber announces new offerings from Majorca to Mykonos due to record tourism June 28, 2023 Uber has announced a host of new upgrades in European holiday hotspots from Spain to Greece, ahead of what is expected to be a record period of tourism demand in Southern Europe. Popular destinations from Croatia’s Split to Portugal’s Algarve will benefit from a swathe of new improvements, with Uber-users in the popular Greek island [...]
Tories turn up the heat on Ofwat as Thames Water scrambles for £1bn in funds June 28, 2023 A front-bench member of the cabinet has raised concerns over the future of Thames Water, amid its desperate bid for funds from investors.
Groping allegation against Tory mayoral hopeful Korski ‘very serious’, No 10 says June 28, 2023 Downing Street has described the groping allegation against Tory mayoral hopeful Daniel Korski as “very serious”. No 10 also indicated prime minister Rishi Sunak would urge any further complainants to come forward. Television producer Daisy Goodwin made a formal complaint after she publicly accused the former adviser of sexually assaulting her during a meeting in [...]
Business travel is back and ‘buoyant’, new data shows June 28, 2023 Business travel is back and “buoyant”, according to new data from the Advantage Travel Partnerships’ Global Business Travel Review, with the business community booking more trips and for longer periods. Booking volumes in the UK’s business travel market, covering aviation, rail and accommodation, hit 90.8 per cent of pre-pandemic levels in the first quarter of [...]
PMQs Sketch: Starmer and Sunak on everyone’s last nerve June 28, 2023 While Thames Water was on the verge of collapse, Sunak and Starmer spent PMQs drawling on about housing targets.
One Media reports revenue jump as copyright detection tool takes off June 28, 2023 One Media today reported a 15 per cent jump in revenue as its new copyright detection technology proves increasingly popular. The AIM-listed digital media rights group saw its revenue increase to £2.7m in the first half of last year, up from £2.4m for the same period last year. Some £2.5m of this revenue were driven [...]
Coal plants to be unavailable for winter supply squeeze June 28, 2023 Two British coal plant operators, whose plants were available last winter, will be unable to provide back-up power this winter.
Clearpay jobs at risk as BNPL firm winds down EU business June 28, 2023 Buy-now pay-later giant Clearpay is shutting down its EU operations and could lay off all its European staff, City A.M. can reveal.
