United Kingdom

Government officials in London and Washington are each advancing regulatory measures concerning artificial intelligence (AI), acknowledging its societal implications. U.K. Sets Principles: The UK's Competition and Markets Authority (CMA) is outlining principles to deter a few tech corporations...

Dutch payment technology giant Adyen (OTCMKTS: ADYEY) nabbed a banking license in the U.K., enabling its merchants to offer cash advances to small and medium-sized enterprises there.   Adyen is used by several high-profile companies including Microsoft, Instacart and Subway as an all...

Barclays PLC (NYSE: BCS) is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unit as the bank is seeking a partner to boost the business. The business could be worth at least £2 billion ($2.5 billion), based on an EBITDA of about £300...

The United Kingdom is taking to electric vehicles quickly. Really quickly. What Happened: As per data released by the Society of Motor Manufacturers and Traders (SMMT), a battery electric car was registered every 60 seconds in July as registrations jumped 87.9%. Gas vehicles, however, continue to...

Pharmacies in Wiltshire, U.K. are facing a “very short supply” of the Type 2 diabetes drug, Ozempic (Semaglutide), BBC reports. Shortage Until Mid-2024: The U.K. Department of Health and Social Care has confirmed that the country is experiencing a shortage of the drug and it may not be...

Tomorrow morning, Great Britain awaits a key set of economic releases, including inflation data points, producer price index data points, and retail price index figures. Notably, consumer price inflation in the United Kingdom remained steady at 8.7 percent in May 2023, maintaining the previous...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

Financial services giant Mastercard Inc (NYSE: MA) is making strides in the blockchain technology space with the unveiling of its Mastercard Multi-Token Network (MTN), which seeks to have secure, scalable and interoperable transactions within the digital asset and blockchain...

Amid the U.S. Securities and Exchange's crackdown on the crypto industry, venture capital firm Andreessen Horowitz (a16z) intends to expand its horizons to the U.K. The San Francisco-based firm commends the country for what it considers an innovative approach to cryptocurrency and...

In a remarkable surge, Tesla Inc (NASDAQ:TSLA) witnessed a staggering 13,656% year-over-year increase in new vehicle registrations in the United Kingdom, according to industry data.  What Happened: The Society of Motor Manufacturers and Traders (SMMT) revealed that 3,439 new...

Tesla Inc (NASDAQ:TSLA) had a 1,436.4% year-over-year jump in new vehicle registrations across the United Kingdom last month, as per industry data. What Happened: As per data for new car registrations in the U.K. released by the Society of Motor Manufacturers and Traders (SMMT), 1,813...

UK lawmakers want to treat cryptocurrency trading like gambling. The recommendation comes as regulators become increasingly vocal about the substantial risks these digital assets could pose to consumers. What Happened: Members of Parliament are worried that treating consumer crypto trading as a...

SEC Commissioner Hester Peirce cited the European Union's (EU) recently implemented Markets in Crypto Assets (MiCA) regulation as a potential blueprint for U.S. cryptocurrency rules. During a panel discussion at the Financial Times Crypto and Digital Assets Summit in London, Peirce acknowledged...

Crypto lending platform Celsius (CRYPTO: CEL) is seeking to consolidate its U.K. and U..S entities amid allegations the distinction between the two was a "sham." The embattled cryptocurrency company is the latest to be accused of poor record-keeping within its corporate structure,...

Russian President Vladimir Putin is preparing for war with the West by sending spy ships to map wind farms and key cables off the British coast, according to U.K. senior MP Bob Seely. “Our world is becoming markedly more dangerous. And Britain is not ready,” said Seely, who wrote...