Brits lose ‘staggering’ £580m to fraud in six months as banks urge Big Tech to do more October 25, 2023 After Fraudsters took £580m from Britons in 2023, the banking trade association UK Finance called the issue a "national security threat".
Bill that would ban boycotting Israel set to be debated in Parliament October 25, 2023 A bill which would ban British public bodies from boycotting Israel is set to be debated by MPs today. Levelling up secretary Michael Gove will bring the bill to Parliament today, as first reported by the Guardian, despite warnings it could stoke tensions amid the Israel-Gaza crisis. It comes amid an increasingly severe humanitarian crisis [...]
Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in October 25, 2023 Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.
Five pledges: How is Rishi Sunak doing after one year in No10? October 25, 2023 Just 12 months ago today, Rishi Sunak made history. Entering No10, on 25 October, 2022, he became the UK’s first British Asian and Hindu Prime Minister – and took over from his record-breaking predecessor after just 49 days. Since then, he’s lost five by-elections; visited Ukraine, the US and Israel, and seen his personal poll [...]
Without China onside, Sunak’s global AI safety summit will be pointless October 25, 2023 We have to get China to agree to rules on AI, or there's barely any point having the conversation, writes Alex Petropoulos
The Notebook: Victoria Scholar on why the allure of luxury bags could bolster designer marques October 25, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Don’t discount the allure of luxury bags – or the stocks of their makers LVMH reported rather dismal results this month. The luxury goods giant, which owns brands like Louis Vuitton and Dior, announced third [...]
If economic experts wield political power, we’ll get dragged into fiscal groupthink October 25, 2023 If the Bank of England were unable to predict inflation, why would we grant similar experts power at the Office of Budget Responsibility?
Why ditching the bankers’ bonus cap was the right choice – even if it’s largely just a signal October 25, 2023 The likelihood of the banker bonus cap being removed making a tangible difference, in and of itself, to London’s competitiveness is relatively minimal. But as a signal of a willingness to back the City, it’s not bad at all. It’s worth reminding ourself of how the bonus cap came into being. A political reaction to [...]
FTSE 100 close: London climbs as miners rise on China stimulus and Lloyds jumps into green October 25, 2023 London's FTSE indexes slipped slightly in opening trade as investors mulled results from two of the largest companies in the world last night.
AI summit could happen twice a year – but techies say UK won’t claim AI crown October 24, 2023 Michelle Donelan has said Britain could host its imminent Artificial Intelligence (AI) Safety Summit as often as every six months.
