AWS outage: Amazon says recovery is underway October 20, 2025 A swathe of apps and online services went down on Monday morning, including Zoom, Slack and Coinbase. This follows a global Amazon Web Services (AWS) outage, with knock on effects hitting millions of users of thousands of apps and websites. Amazon has said that services are “seeing significant signs of recovery”, with Lloyds Bank saying [...]
KPMG: Half of banks experiencing uptick in Gen Z staff quitting October 20, 2025 Gen Z banking employees are leaving the industry at faster rates than other professions, opting for start up jobs and remote work instead. That’s according to a new KPMG survey of bosses in the sector, which has found that almost half of financial services firms have experienced an uptick in younger employees quitting. The consultancy [...]
US-China tensions heat up as Trump threatens to block cooking oil imports October 15, 2025 Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world’s two largest economies. Trump said in a post on his Truth Social platform that the latest trade tussle with China over soybeans represents “an Economically Hostile Act”. He [...]
Trump’s treasury secretary Scott Bessent lashes out at ‘weak’ China October 14, 2025 Markets have wobbled amid attacks by Scott Bessent on China’s trade policy, after Beijing unveiled sweeping controls on rare earth materials and critical minerals. The US treasury secretary told the Financial Times: “This is a sign of how weak their economy is, and they want to pull everybody else down with them.” He said: “Maybe [...]
Reform UK: Kent local authority poised to hike council tax October 6, 2025 Reform UK-run Kent County Council is likely to raise council tax next year, with a cabinet member suggesting that a five per cent hike is on the cards. Diane Morton, the council lead for adult social care, told the Financial Times: “We’ve got more demand than ever before and it’s growing.” “We just want more [...]
Labour say manifesto stands ‘today’ as Reeves ducks VAT hike September 29, 2025 The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning. Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]
Londoners paying £42,700 premium to live near Tube and train stations September 23, 2025 Home buyers in London are paying as much as a £42,700 premium to live close to a train station. According to research from Nationwide Building Society, there is a stark pricing gulf between houses within 500 metres of a station compared to 1,500 metres. Londoners face a significantly higher premium compared to other major urban [...]
Tory MP Danny Kruger defects to Reform September 15, 2025 Kemi Badenoch has suffered a major blow after sitting Tory MP Danny Kruger defected from to Reform. The Wiltshire MP has been put in charge of Nigel Farage’s preparations for government, in a major coup for the insurgent party that has been dominating the opinion polls. At an event on Monday morning, Kruger announced that [...]
Cabinet reshuffle: Lucy Rigby replaces Emma Reynolds as City minister September 6, 2025 Former solicitor general Lucy Rigby has been made Economic Secretary to the Treasury, a role often called the City minister, in the latest development in Starmer’s reshuffle. Rigby replaces Emma Reynolds, a former City lobbyist who had held the role since last July but who has now become environment secretary. In a post on X, Rigby said she was [...]
Angela Rayner resigns September 5, 2025 Angela Rayner has resigned as deputy prime minister, housing secretary and deputy leader of the Labour Party after being found in breach of the ministerial code. This comes as an inquiry led by ethics watchdog Sir Laurie Magnus, after the now-former deputy prime minister admitted to underpaying stamp duty on her second home in Hove. [...]
