FCA: Brits saved almost £1bn after shake-up of overdraft rules according to City regulator April 19, 2023 People have collectively saved nearly £1 billion due to a shake-up of rules around overdrafts, according to calculations by the City regulator. The rules, introduced by the Financial Conduct Authority (FCA), reduced high fees for unarranged borrowing and swept away complex charging structures, which made it hard for people to compare borrowing costs. The £1 [...]
London Marathon: Where are spectators being to told AVOID due to Extinction Rebellion disruption? April 19, 2023 Spectators have been urged to avoid a famous part of the London Marathon route on Sunday amid a planned protest, as a minister said Extinction Rebellion “must be stopped”. The climate group’s scheduled four-day protest in central London from Friday to Monday could see some 30,000 of its supporters in the Westminster area for the [...]
Bitcoin price suddenly drops, laying out the bait for a whale feeding frenzy April 19, 2023 Panic-sellers are feeding these whales who are viewing the current Bitcoin price dips as discounts, says Nigel Green.
Sunak finally declares childcare agency his wife Akshata Murty holds shares in amid probe April 19, 2023 Rishi Sunak has declared the childcare agency his wife holds shares in as a financial interest as he is investigated over a possible breach of the rules. The delayed list of ministerial interests published on Wednesday contained for the first time a reference to “a number of direct shareholdings” owned by Akshata Murty. The Prime [...]
Google to change app store rules after UK competition agency flags concerns April 19, 2023 Google said it will allow app developers in the UK to use alternative payment options following an investigation by the UK’s competition regulator. The tech giant said it would present other payment options to Google Play’s billing system for in-app purchases “in a neutral manner” if its commitments are accepted by the UK Competition and [...]
Credit card market ‘broken’ with as little as three per cent of customers switching, but could open banking provide a solution? April 19, 2023 The UK’s credit card market is “broken” with as few as three per cent of customers changing providers despite the hefty costs that consumers face, a new report shows. According to fintech firm Cardeo, the UK is the European country most reliant on credit card spending with 35 per cent of consumer credit in credit [...]
Glencore willing to sweeten $23bn bid for Teck, ramping up pressure on board April 19, 2023 Glencore said today that it is willing to improve its $23bn (£19.7bn) bid for Teck Resources, ramping up the pressure on Teck's board to negotiate with mining giant.
In Defence of Capitalism: Consumption is good for you and me April 19, 2023 In his 2015 encyclical “Laudato si”, a blazing indictment of capitalism, Pope Francis proclaimed: “Since the market tends to promote extreme consumerism in an effort to sell its products, people can easily get caught up in a whirlwind of needless buying and spending. Compulsive consumerism is one example of how the techno-economic paradigm affects individuals”. [...]
London rent averages over £900 a month as desperate renters battle over fewer properties April 19, 2023 Private renters in London are faced with the highest costs since 2012 as a sparse and competitive market send the cost of homes in the capital to new highs. Landlords in the capital increased rent by 4.8 per cent in the 12 months to March 2023, up from an increase of 4.6 per cent in [...]
Footballing star takes first step into the metaverse with leading Web3 company OKX April 19, 2023 Manchester City star İlkay Gündoğan today announced his collaboration with OKX, a cryptocurrency exchange and leading developer of Web3 technology. The midfielder, who captains Manchester City and is widely considered amongst the best in the world, will be able to engage virtually with his fans and the public via the “OKX collective” metaverse. Crypto and [...]
