London is looking to tap the deep pockets of Silicon Valley

London is trying to faucet the deep pockets of Silicon Valley

Mayor of London Sadiq Khan hopes to persuade U.S. tech corporations to take a position extra in London. Leon Neal | Getty Photographs Sadiq Khan, the mayor of London, traveled to California as a part of a commerce mission to attempt to persuade Silicon Valley tech leaders to take a position more cash within the […]

Highest quarterly profit since 2008 on strong oil prices

Highest quarterly revenue since 2008 on robust oil costs

Shell posted adjusted earnings of $9.1 billion for the primary quarter of 2022. Ben Stansall | Afp | Getty Photos LONDON — Oil large Shell on Thursday reported its highest quarterly revenue since 2008 on hovering commodity costs, fueling requires a one-off windfall tax on oil and gasoline corporations to assist U.Okay. households with spiraling […]

Barclays beats expectations but suspends buybacks after U.S. trading...

Barclays beats expectations however suspends buybacks after U.S. buying and selling…

A department of Barclays Financial institution is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON — Barclays on Thursday stated had suspended its deliberate share buyback program on the again of a pricey buying and selling error within the U.S. It comes because it reported expectation-beating revenue for the primary quarter, as […]

Ridiculous to think we can stop fossil fuel production...

Ridiculous to suppose we will cease fossil gas manufacturing…

Fossil fuels are ingrained within the world vitality combine and corporations proceed to find and develop oil and fuel fields at places around the globe. Imaginima | E+ | Getty Photos LONDON — The CEO of Commonplace Chartered believes it is “ridiculous and naive” to suppose fossil gas manufacturing may be instantly halted with none […]

Fraud prevention start-up Seon raises funds to fight sanctions evasion

Fraud prevention start-up Seon raises funds to combat sanctions evasion

Fintechs have come below elevated strain to deal with Russian sanctions evasion, notably amid considerations that their controls could also be extra lax than that of banks. Kirill Kudryavtsev | Afp | Getty Pictures LONDON — Seon, a start-up that helps fintech firms like Revolut sort out on-line fraud, has raised $94 million to develop […]

UK to mint its own NFT and push forward with crypto regulation

UK to mint its personal NFT and push ahead with crypto regulation

On this picture illustration a novelty Bitcoin token is photographed on £10 notes. Matt Cardy | Getty Photographs LONDON — The U.Okay. authorities on Monday introduced plans to mint its personal non-fungible token, as a part of a push towards changing into a “world chief” within the cryptocurrency area. Finance Minister Rishi Sunak has requested […]

Britain to reveal stablecoin regulation plans, sources say

Britain to disclose stablecoin regulation plans, sources say

A visible illustration of Bitcoin. Edward Smith | Getty Photos LONDON — The U.Okay. authorities will quickly reveal plans to control the cryptocurrency market, specializing in a fast-growing sort of token generally known as stablecoins, in line with 4 business sources aware of the matter. British Finance Minister Rishi Sunak is anticipated to make an […]

Crypto firms face being booted from UK as FCA register deadline nears

Crypto companies face being booted from UK as FCA register deadline nears

A novelty Bitcoin token photographed on a £10 be aware. Matt Cardy | Getty Photographs LONDON — A slew of cryptocurrency firms may very well be pressured to wind down their enterprise within the U.Ok. in the event that they fail to register with the finance watchdog forward of a key deadline subsequent week. From […]

Londoners should avoid unnecessary car journeys after pollution...

Londoners ought to keep away from pointless automotive journeys after air pollution…

The Mayor of London, Sadiq Khan, has issued a excessive air pollution alert for the U.Ok. capital. Andrew Holt | Photolibrary | Getty Photos LONDON — Mayor of London Sadiq Khan has issued a excessive air pollution alert for the U.Ok. capital, telling these with lung and coronary heart issues to “keep away from bodily […]

Why don't kids get Covid badly? Scientists are starting to...

Why do not youngsters get Covid badly? Scientists are beginning to…

A toddler reacts whereas receiving a dose of the Pfizer-BioNTech coronavirus illness (COVID-19) vaccine at Smoketown Household Wellness Heart in Louisville, Kentucky, U.S., November 8, 2021. Jon Cherry | Reuters LONDON — One of many enduring mysteries of the Covid-19 pandemic, a worldwide well being disaster that has led to over 6 million fatalities, is […]

UK watchdog puts 50 crypto firms on notice over 'misleading' ads

UK watchdog places 50 crypto companies on discover over ‘deceptive’ advertisements

A bitcoin ATM inside a store in Finsbury Park, London, on Feb. 4, 2022. Luke MacGregor | Bloomberg | Getty Photos LONDON — Over 50 cryptocurrency firms have been despatched enforcement notices by the U.Ok.’s promoting watchdog as a part of a regulatory crackdown on promotions within the trade. The Promoting Requirements Authority said Tuesday […]

UK Covid cases are back on the rise as travel restrictions...

UK Covid instances are again on the rise as journey restrictions…

Buyers strolling alongside Oxford Avenue in London on Dec. 21, 2021. Tolga Akmen | AFP | Getty Pictures LONDON — Instances of Covid-19 are rising as soon as once more within the U.Okay., based on the newest figures from the Workplace for Nationwide Statistics, simply as the federal government lifts its remaining journey restrictions. ONS […]

London insurance firm fined £1 million over bullying, sexual harassment

London insurance coverage agency fined £1 million over bullying, sexual harassment

The inside of Lloyd’s of London, the centuries-old insurance coverage market, is pictured in central London on April 27, 2016. Leon Neal | AFP | Getty Photos LONDON — Lloyd’s of London, the U.Okay. insurance coverage large, has hit certainly one of its member companies with a report £1.05 million ($1.38 million) nice for misconduct, […]

Squatters occupy London mansion thought to belong to Russia...

Squatters occupy London mansion thought to belong to Russia…

A bunch of squatters displayed banners and a Ukrainian nationwide flag on the facade of a mansion supposedly belonging to Russian oligarch Oleg Deripaska in Belgrave Sq., central London, on March 14, 2022 as they occupy it. Oleg Deripaska is likely one of the seven Russian oligarchs who’ve been sanctioned by Britain’s Authorities. Tolga Akmen […]

Covid declared a pandemic two years ago. Health experts warn it's...

Covid declared a pandemic two years in the past. Well being specialists warn it is…

Medical workers deal with a coronavirus illness (COVID-19) affected person within the Intensive Care Unit (ICU) on the Windfall Mission Hospital in Mission Viejo, California, January 25, 2022. Shannon Stapleton | Reuters LONDON — With warfare raging between Russia and Ukraine, the world’s battle in opposition to the coronavirus has been largely sidelined and the […]

Chelsea Foundation report 'serious incident'

Chelsea Basis report ‘severe incident’

Chelsea’s Russian proprietor Roman Abramovich applauds as gamers have a good time their league title win on the finish of the Premier League soccer match between Chelsea and Sunderland at Stamford Bridge in London on Might 21, 2017. Ben Stansall | Afp | Getty Photos The Chelsea Basis has reported a “severe incident” to the […]

Kering's Pinault confident on Gucci’s growth, as group revenues up 35%

Kering’s Pinault assured on Gucci’s progress, as group revenues up 35%

A row of Gucci “Soho” luggage are mirrored in a glass show shelf inside a Gucci retailer in Rome. Alessia Pierdomenico | Bloomberg | Getty Photos LONDON — The chief govt of French luxurious group Kering expects trend label Gucci to proceed to ship progress for the corporate this yr, following document revenues in 2021. […]

Flooded, disused coal mines could change how our homes are heated

Flooded, disused coal mines might change how our properties are heated

LONDON — The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, had been large. Britain’s abundance of coal — in addition to the convenience with which it could possibly be accessed — was a vital ingredient on this historic turning level, powering the steam engines which helped drive society’s transformation. However […]