FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.
‘Nothing has changed’: Supermarkets back in the firing line for jacking up pump prices October 30, 2023 Supermarkets are still profiting at the pumps at the expense of British motorists, despite criticism from the UK's competition regulator.
Li Keqiang: China’s ex-premier and top economic official for a decade dies aged 68 October 27, 2023 Li was China’s number two leader from 2013-23 and an advocate for private business but was left with little authority by Xi.
A heavy-handed CMA is standing in the way of Britain being a leader in AI October 27, 2023 As a lifelong follower of computer science, it is interesting to see that the forthcoming AI Safety Summit will be held at Bletchley Park. Its role in Enigma code-breaking which turned the course of World War Two is well-known and it has since become synonymous with our country’s contribution to data science and AI. Although [...]
CMA pushes Adobe’s Figma deal probe deadline back eight weeks October 25, 2023 Britain's competition regulator has announced an extension of eight weeks for its ongoing investigation into Adobe's $20bn (£16.5bn) acquisition of cloud-based design platform Figma.
On the Beach calls for CMA to stop low cost carriers’ ‘aggressive tactics’ as long-running feud heats up October 24, 2023 A long-running feud between online travel groups and low-cost carriers is heating up, after On the Beach called on the CMA to step in.
New boss pledges ‘even better’ Heathrow. But former chief’s legacy leaves more questions than answers. October 18, 2023 Heathrow's new boss pledged a "fresh start" for Europe's biggest airport this morning, as he takes charge for the first time.
Vodafone and Three hit back at union concerns deal will kill competition October 17, 2023 Vodafone and Three have hit back at a warning from trade union Unite that their telco tie-up will stifle competition, threaten national security and raise customer bills by up to £300 a year.
CMA launches probe into Worcester Bosch amid ‘greenwashing’ boiler claims October 17, 2023 It will also look at information given by Worcester Bosch about the use of hydrogen for home heating in the UK