Oil prices fall as US pauses strikes on Iran over strait of Hormuz
Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further restrict global supply.
Regulation
Hull funeral director broke families’ trust on ‘almost industrial scale’, court hears
Robert Bush, owner of Legacy Independent Funeral Directors, left bodies ‘rotting away’, family members say
Cracker Barrel CEO to step down after overseeing logo backlash last year
Cracker Barrel’s CEO, Julie Masino, is stepping down, the restaurant announced on Monday, nearly a year after the company was swept into a political maelstrom over proposed modernizations to its branding.
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Trezor — Open-source hardware security
The original hardware wallet — open-source firmware, audited and battle-tested.
GB News pundit Matthew Torbitt pleads guilty to fraud while Labour aide
A GB News pundit has admitted fraud in relation to his parliamentary expenses when he was a Labour aide.
FCA secures majority of victims’ money back from convicted fraudster
Victims of convicted fraudster John Burford are set to recover the majority of the money they invested after the FCA obtained a confiscation order against him.
Thailand's SEC alleges Bitkub concealed cyberattack that led to $50 million hack
Thailand’s Securities and Exchange Commission (SEC) alleged that cryptocurrency exchange Bitkub and two former directors concealed a cyberattack that led to the theft of around 1.7 billion baht ($50 million), according …
FCA and Bank appoint members to their Transaction and Post-trade Reporting Harmonisation Taskforce
The FCA and Bank of England (Bank) have appointed members to their Transaction and Post-trade Reporting Harmonisation Taskforce.
Boss of startup hacked by rogue OpenAI agent urges ‘radical transparency’ in investigation
The boss of the startup hacked by an OpenAI agent has called for the investigation into the incident to show “radical transparency”.
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Koinly — Crypto tax made simple
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AstraZeneca boss urges western drugmakers to move at ‘Chinese speed’
AstraZeneca must operate at “Chinese speed” to ensure it does not suffer the fate of the western automotive industry by losing out to more innovative rivals, the drug company’s boss has said.
Outcomes monitoring: why understanding the consumer experience matters and where firms should focus
The Consumer Duty was designed to ensure firms were focussed on the outcomes that matter to their customers. Understanding the actual experiences of people and identifying potential harm are essential to delivering thes…
PM urged to uphold climate pledges made as mayor and ban new North Sea oil drilling
Leading climate scientists who created Greater Manchester’s carbon neutral by 2038 commitment are urging Andy Burnham to unequivocally reject new drilling in the North Sea.
BNY Mellon unit joins MiCA register as ESMA adds 15 providers
BNY Mellon’s European subsidiary joined the MiCA register as ESMA added 15 CASPs, including banks and crypto platforms, in the third post-deadline update.
You don't need to pay to claim: FCA launches nationwide car finance campaign
Millions of car finance customers who may be owed compensation can get help making a complaint for free, as the FCA launches a national advertising campaign.
Thailand's SEC Files Criminal Complaint Against Bitkub Over Undisclosed $47M Hack
Thailand's Securities and Exchange Commission has filed a criminal complaint against crypto exchange Bitkub and two of its former directors, alleging they submitted false reports to the regulator after a 2021 hack.
Andy Burnham vows to use his ‘political capital’ to fix social care system
Andy Burnham has promised to use “whatever political capital I have” to finally fix the crumbling social care system in England, saying that without rapid action the NHS could effectively collapse.
Liberty embraces sewing boom with craft classes as it expands fabrics section
Liberty has more than doubled the size of its fabrics department as it prepares to embrace the social media interest in sewing by hosting crafting classes this autumn.
Heathrow expansion would take thousands of jobs from other UK regions, report finds
Expanding Heathrow airport will take thousands of jobs from other regions of the UK, including almost 10,000 from the West Midlands alone, according to an analysis of the government’s own forecasts.
Dyadic Regains Compliance With Nasdaq Listing Rules
(RTTNews) - Dyadic International Inc. (DYAI), doing business as Dyadic Applied BioSolutions, a biotechnology company, on Friday reported regaining compliance with the Listing Rules of The Nasdaq Stock Exchange LLC.
Would you choose £50,000 over the chance of £1m?
You have the choice of instantly receiving £50,000 or flipping a coin for a 50/50 chance of £1m.
Rising oil prices could force up UK interest rates, say economists
The Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists.
CFTC issues second warning to prediction markets on cookie-cutter self-certifications
For the second time this year, the regulator told prediction markets to stop issuing overly broad, template-style certifications of events contracts.
Every new UK home should have air conditioning, say Liberal Democrats
All new UK homes should be built with air conditioning to cope with the effects of the climate crisis, according to the Liberal Democrats.
Ed Miliband indicates development and climate will be at heart of UK foreign policy
Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at the heart of UK international relations by taking up the country’s seat on the board at the World Bank.
Water supply failure leaves Gatwick airport without working toilets
A water supply failure at Gatwick left passengers without access to working toilets or bars and restaurants.