Legal & General to cut 1,000 jobs by mid-2027
Programme will initially involve voluntary redundancies in the UK but the insurance and pensions firm will consider mandatory job cuts depending on the take-up
Regulation
Iran calls Trump threats in UN speech a sign of "desperation" - Al Jazeera
Trump threatens to ‘annihilate’ Iran and then boasts about diplomacy, provoking Tehran to warn of a ‘crushing’ response.
Bakery owner calls for Budget help for firms
The owner of a bakery in Manchester has urged Prime Minister Andy Burnham to give the hospitality industry a 'fighting chance' as it struggles to keep up with increasing prices.
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Firms crack down on money mules but need to do more
Financial firms are shutting down hundreds of thousands of suspected money mule accounts, but organised criminal groups are still shifting dirty money through multiple bank accounts before cashing out.
Almost ten million people took part in ECB survey on new euro banknotes
A total of 9.96 million people across Europe and beyond shared their views on the future design of euro banknotes by completing the ECB’s public survey.
New UK agency to fight ‘information warfare’ from likes of Russia, Burnham tells UN
PM aims to ‘stem poisonous tide’ of disinformation and deepfakes with National Centre for Information Defence
London buses in decline? Why public transport in global cities is slowing to a crawl – visualised
As experts fear for future of UK capital’s bus network, some commuters are giving up entirely. London is not alone – with worrying implications for the poorest in society
Qantas announces 18-hour direct flights from Sydney to New York with onboard ‘wellbeing zones’
Due to take off in 2028, it is set to be the national carrier’s second ultra long-haul route after Sydney to London
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Critics of UK government’s economic forecaster are ‘shooting the messenger’, say MPs
Treasury committee rejects calls for fundamental reform of independent watchdog the Office for Budget Responsibility
Canada’s big six banks explore tokenized deposit system to modernize payments
The banks said the first phase of the project involves moving tokenized deposits efficiently across financial institutions.
Thinktank linked to Reform UK calls for abolition of state pension
‘Radical’ report likely to influence party’s platform also proposes abolishing inheritance and capital gains taxes
AI looms large over Trump-Xi meeting amid deep distrust between US and China
Fears persist about Trump ‘sucking up’ to Xi on Taiwan, but few concrete outcomes anticipated from US meeting
CFTC issues warning over risky prediction market ‘mention’ contracts
The warning comes weeks after the CFTC fined a former White House teleprompter operator who made more than $107,000 trading prediction contracts tied to President Trump’s speeches.
U.S. regulator warns about cheating risks in 'mention markets' on prediction platforms
Popular betting on what an individual might say or do, known as "mention markets," pose some special dangers in the eyes of the U.S. regulator overseeing prediction market firms such as Kalshi and Polymarket, according …
IMF tells advanced economies to 'bring debt down' as borrowing costs rise
The world's advanced economies including the UK and US need to cut borrowing and reduce debt levels following weeks of spiralling government interest costs, the head of the International Monetary Fund (IMF) has warned.
Pay rent, eat or keep warm? Growing numbers face hard choices as housing benefit gap grows
Wirral mother among renters turning to food banks as gap between a two-bed and housing benefit hits £158 a month – rising to as much as £324 in London
Crypto VC Hashed anchors new digital asset private credit fund targeting $300 million
The fund aims to address a critical financing bottleneck in the institutional digital asset sector by using 'covenant-based' underwriting.
CFTC warns ‘mention market’ prediction contracts carry heightened manipulation risk
The CFTC is warning that bets on prediction markets based on whether someone will "mention" specific words carries manipulation risks.
Fed’s Perli says Treasury bill purchases will adapt to evolving market conditions
The Federal Reserve’s monetary policy control toolkit continues to be very effective, Roberto Perli, a New York Fed official responsible for implementing short-term interest rate policy for the central bank, said on…
CFTC Chairman Selig says markets must prepare for ‘mass tokenization’
The Trump administration is preparing for a financial market overhaul as tokenization and 24/7 trading move into the spotlight.
U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate
State and federal regulators are rushing to fill the void in U.S. cryptocurrency regulation after the Clarity Act, a comprehensive set of proposed rules for digital assets, stalled in the Senate.
Federal Reserve Board announces approval of application by BancFirst Corporation
The Federal Reserve Board on Tuesday announced its approval of the application by BancFirst Corporation, of Oklahoma City, Oklahoma, to acquire and merge with Spirit BankCorp, Inc., of Bristow, Oklahoma, and thereby ind…
Coinbase, Circle shares positioned for crypto recovery as estimates stabilize: William Blair
Blair says COIN offers an attractive entry after a 31% rise, trims its EBITDA estimate and sees USDC growth driving Circle's next leg.
Bessent emerges as frontrunner for Trump’s "AI czar" role - report
Treasury Secretary Scott Bessent has emerged as the leading candidate to serve as the Trump administration's "AI czar," a newly created position to coordinate artificial intelligence policy across the federal government…