Millennial savings app Plum moves into pensions June 8, 2021 The popular savings app which has turned to TikTok to lure young investors is now turning its attention to retirement savings. Plum, which launched in 2017, is rivaling the cheap trading apps like Robinhood by moving into the investment space. It anticipated a growing interest among millennials around savings and investments with which has only [...]
UK to create new workers’ rights watchdog to stamp out modern slavery June 8, 2021 The government has announced the creation of a new workers’ rights watchdog that will be charged with enforcing minimum wage laws, protecting agency workers and stamping out modern slavery. Formerly these three areas were overseen by separate bodies, however the Department of Business, Energy and Industrial Strategy (Beis) will bring it all under one watchdog. [...]
US recovers $2.3m from Colonial Pipeline ransomware attack June 7, 2021 US authorities today said they had recovered around $2.3m (£1.6m) in cryptocurrency from the ransomware attack on the Colonial Pipeline. US deputy attorney general Lisa Monaco said investigators had seized 63.7 Bitcoins, now valued at about $2.3m, paid by Colonial after last month’s hack that sparked major shortages at petrol stations along the east coast. [...]
Brexit: PM tells Macron EU and UK must make Northern Ireland protocol work June 7, 2021 Brexit: PM tells Macron EU and UK must solve Northern Ireland protocol
Joe Biden set to urge Boris Johnson to solve post-Brexit Northern Ireland issues at G7 June 7, 2021 Joe Biden is set to raise pressure on Boris Johnson to not go back on the post-Brexit Northern Ireland treaty before the pair attend the G7 summit later this week in Cornwall. Biden will meet with the Prime Minister at a one-on-one meeting in London on Thursday, before the G7 summit over the weekend, with [...]
Minister pushes back on claim of £90,000 bill to UK households for achieving net zero June 7, 2021 Minister pushes back on claim of £90,000 bill to UK households for achieving net zero
Bitcoin dips after Donald Trump says cryptocurrency ‘seems like a scam’ June 7, 2021 Bitcoin’s price dipped today after former US President Donald Trump said the cryptocurrency “seems like a scam” and called for regulators to take action. In an interview with Fox Business Network, Trump ramped up the rhetoric against Bitcoin, complaining it posed a risk to the US dollar. “Bitcoin, it just seems like a scam,” he [...]
Tory rebellion on foreign aid cuts thwarted by speaker Sir Lindsay Hoyle June 7, 2021 A Tory rebellion over Boris Johnson’s foreign aid cuts has been thwarted by House of Commons speaker Sir Lindsay Hoyle as he called the amendment tabled “out of order”. However, Hoyle also said the issue should be “debated and aired” in the Commons and urged the government “to give this House the due respect it deserves…the [...]
Open up UK-US travel corridor, airline bosses plead ahead of G7 summit June 7, 2021 The chief executives of all the airlines which run transatlantic services have come together to once again call for the reopening of the US-UK travel corridor. Routes between the two countries are a central source of income to airlines such as American Airlines, British Airways, Delta Air Lines, JetBlue, United Airlines and Virgin Atlantic, which [...]
EDF to begin decommissioning Dungeness B nuclear station seven years early June 7, 2021 EDF Energy today said that it would begin the defuelling phase of Dungeness B nuclear power station in Kent, seven years ahead of schedule. The 1.2 gigawatt power station at Romney Marsh has been offline since 2018 due to “a range of unique, significant and ongoing technical challenges”, the energy giant said. But after discovering [...]
