Monzo Debuts New Tool
Fintech industry player Monzo, which is based in the United Kingdom, announced the launch of a new tool that consumers can use to share expenses with friends and family.
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Bank of England Holds Interest Rates
The Bank of England on Thursday, March 20, decided to keep interest rates at the same level, as the United Kingdom is currently facing uncertainty in the context of the prospects for the further dynamic of the global trade situation and is approaching a recession scenario in the country’s economic system.
Google Wallet Now Enables Supervised Payments for Kids
As more and more kids get payment cards, Google Wallet updates its functionality to enable in-store cashless payments for those youngest generation representatives who received parental consent.
UK Economy Demonstrates Decline
The United Kingdom’s economic system showed an unexpected decline in January.
Bank of England Governor Warns Economy Static
Bank of England Governor Andrew Bailey warned that the United Kingdom’s economic system is still static.
UK Escapes Recession Threat
At the end of 2024, unexpected growth was recorded in the economic system of the United Kingdom, which is because the increase in public spending provided the Labour government with a kind of reprieve after negative indicators.
Bank of England Cuts Interest Rates
Bank of England officials on Thursday, February 6, decided to cut interest rates to a 19-month low.
Bank of England Reportedly to Resume Rate Cuts
Currently, it is becoming increasingly widely believed that this week the Bank of England will decide on a new interest rates cut.
Nuvei Brings Omnichannel Payments to UK Gaming
With Nuvei innovative omnichannel payment solution tailored for the UK gaming industry, gaming operators can manage all payment channels through a single API.
AI Video Platform Synthesia Doubles Valuation
Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, raised $180 million as part of an investment round valuing this startup at $2.1 billion.
UK’s Long-Term Borrowing Costs Demonstrate Growth
On Tuesday, January 7, in the United Kingdom, the cost of borrowing showed an increase after the auction of 30-year Treasury gilts brought yields on the long-term bonds reached the highest level in almost three decades.
UK Companies Plan Price Rises
The results of a survey by the British Chambers of Commerce showed that companies in the United Kingdom are currently planning to raise prices to cover higher tax payouts as business confidence has fallen to its lowest level since the fall of 2022 when the market was faced with a shock factor such as a […]
Visa Analysis Reveals Online Holiday Shopping Growth
Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
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