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      Diesel crisis: UK minister holds emergency talks with US Energy Secretary

      Miatta Fahnbulleh, CEO of New Economics Foundation, looking thoughtful during discussions on diesel prices.

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      Manchester City appointed new CFO just days before Premier League guilty verdict

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      ‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats

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  • Youths ‘film shoplifting for TikTok’ as businesses call for government aid

    September 16, 2023

    Shoplifting and abuse at independent shops are increasing due to the cost-of-living crisis and youths filming it for TikTok, forcing some businesses to close, it has been said. Muntazir Dipoti, president of the Federation of Independent Retailers (FIR), which has 10,500 members, said 850 incidents of theft or verbal abuse are recorded every day. Incidents [...]

  • TikTok fined £296m by watchdog over how it processed children’s data

    September 15, 2023

    TikTok has been fined 345 million euro (£296 million) by Ireland’s data watchdog following an investigation into how the social media platform processed children’s data. The fine was imposed on TikTok Technology Limited (TTL) by the Data Protection Commission (DPC) after the probe into how certain privacy settings and features complied with obligations under the EU’s General Data [...]

  • Nearly every London train service now less punctual than last year

    September 14, 2023

    Nearly every train service in London is now less punctual than last year, according to industry watchdog the ORR.

  • Keir Starmer plans anti-terror style crackdown on small boats – and more EU co-operation after Brexit

    September 14, 2023

    Sir Keir Starmer insisted closer cooperation was needed with the European Union (EU) on the small boats crisis in the face of claims he would hand control of immigration policy back to Brussels. The Labour leader indicated he could be prepared to do a deal with Brussels which would see the UK take a quota [...]

  • Funding Circle chief Lisa Jacobs: Lending through a crisis – and looking toward the US

    September 14, 2023

    It’s not been a quiet few years for small business lenders. When covid struck in 2020, a host of non-banks found themselves thrust into the public consciousness alongside the big High Street lenders as small companies scrambled for a cash lifeline through lockdowns.  The reception was a largely positive one; some even took on something [...]

  • StabilityAI: New AI music tool won’t wipe out musicians

    September 14, 2023

    London artificial intelligence outfit Stability dismissed suggestions it will wipe out some creative jobs yesterday as it rolled out a new tool to allow users to create music via AI. Notting Hill Gate-headquartered Stability AI, which was valued at $1bn last August in a $101m funding round, yesterday launched its Stable Audio product which allows [...]

  • UK exports to EU increase in July but services still stagnant

    September 13, 2023

    The UK saw a "steady" expansion in exports of goods to the EU in July but the services sector saw continued stagnation, official data out today showed.

  • The WTF economy: Why latest UK GDP figures only add to the confusion

    September 13, 2023

    Nicholas Hyett, investment analyst at Wealth Club, said the UK's economy was like the "hokey cokey". So what's going on?

  • Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn

    September 11, 2023

    Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".

  • More fintechs secure UK banking licences as Revolut struggles to get approval

    September 7, 2023

    Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.

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