Exclusive: HSBC and Wells Fargo use blockchain to settle FX trades December 13, 2021 Two of the world's largest financial institutions, HSBC and Wells Fargo, are using blockchain technology to settle foreign currency trades.
Brexit: UK-EU talks on Northern Ireland resume this week as UK sets ‘no time limit’ on discussions December 13, 2021 Talks between the UK and the EU on the post-Brexit Northern Ireland Protocol will resume this week, with Number 10 today putting no “set limit” for how long negotiations will drag on. Defacto Brexit secretary Lord David Frost and his EU counterpart Maros Sefcovic will meet twice this week to try and move talks forward, [...]
Bitcoin looks steady after S&P 500 nears record highs December 13, 2021 Despite the uncertainty, Bitcoin did spend much of last week recovering from the previous weekend’s crash and climbed back above the $50,000 mark on Sunday.
French fishermen set to carry out blockade in a bid to spoil Christmas for Brits December 12, 2021 French fisherman are planning to start a blockade in Calais and other ports in moves that could disrupt supply chains and spoil Christmas for millions of Brits. The blockade would be the latest salvo in a long-running row between the UK and France over post-Brexit fishing licences. A spokesperson for a group of French trawler [...]
Fashion brands log legal claims over Visa and Mastercard fees December 12, 2021 Fashion firms are taking legal action over Mastercard and Visa card payment fees More than a dozen brands have filed legal claims over historic charging fees, alleging a breach of competition laws, it was reported by The Telegraph. It comes as Amazon confirmed UK customers will not be able to use Visa credit cards when [...]
Cryptocurrency continues to knock on the door of fiat, but those in power still refuse to open it December 10, 2021 It’s been another week of red for Bitcoin and, well, pretty much all of the other cryptos, writes Jason Deane.
UK bolsters free HGV driving course capacity by 11,000 spots in bid to plug shortage December 10, 2021 The UK has boosted the capacity for its intensive HGV driving courses, as the government looks to plug the gaps in the UK’s driver shortage. The trickling supply of lorry drivers has deepened the supply chain disruption the country has been facing over the past 18 months. The scheme has been widened to allow a [...]
Fishing row or fishing war? French timeline for remaining licences ends today December 10, 2021 The UK has reportedly denied France its remaining 104 fishing licences, as it demands French fisherman prove they have previously used local waters. France had outlined a deadline for today, in hopes of securing the permits – before it will resort to blocking ports and curbing British trade. The government has asked French fisherman to [...]
One of our own: Rachel Reeves’ journey from the City to the top of Labour politics December 10, 2021 Rachel Reeves looks comfortable in the palatial settings of 1 Lombard Street as she settles down to a gin and tonic, garnished with a slice of grapefruit. The shadow chancellor is is a formidable force in the House of Commons – a Labour staffer described her as “un-chill, but in a very good way” – [...]
Labour’s Rachel Reeves would support cut to UK basic rate of Income Tax December 9, 2021 Rachel Reeves has said she would support a 2p cut to the basic rate of UK Income Tax amid reports that Rishi Sunak is considering the measure. The shadow chancellor told City A.M. in a wide-ranging interview that she “would like to see the chancellor do it”, but described reports of Sunak’s potential tax cuts [...]