SumUp Raises $300M in Growth Funding
British fintech startup SumUp has raised a fresh funding round that brings the company valuation close to $8.6 billion.
UK - page 8
UK Regulator to Review Microsoft and OpenAI Partnership
The British competition watchdog has formed the basis for launching an investigation into the partnership between Microsoft and OpenAI, which created the world’s most popular artificial intelligence-based chatbot called ChatGPT.
Bank of England Says About AI Risks to Finances
The Bank of England has stated the risk that the wider spread of artificial intelligence could provoke a threat to the financial system.
Jeremy Hunt Blames Brexit for Instability
British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.
Robinhood App Now Available in UK
UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.
Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical
A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.
UK’s Nottingham Files for Bankruptcy
Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.
Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits
The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.
Bank of England Governor Resists UK Rate Cuts for Foreseeable Future
Bank of England Governor Andrew Bailey, suggests that a reduction in interest rates in the foreseeable future is an unlikely prospect, warning that the second half of the process of countering inflation in the United Kingdom will be hard work.
HSBC Customers Face Mobile Banking Outage
In the UK, thousands of HSBC customers are faced with the problem of accessing online banking and mobile banking services.
Majority of UK Banks Test GenAI
Currently, according to UK Finance survey, in the United Kingdom, many local companies and organizations that operate in the sphere of financial services are using generative artificial intelligence technologies and tools in a test mode.
Lloyd’s of London Launches Consultation to Transit to Net Zero
Lloyd’s, the London-based marketplace for insurance and reinsurance, has launched a consultation on its roadmap towards net zero goal.
Klarna Wins Regulatory Approval in UK
Klarna Bank AB in the United Kingdom has received permission from the local regulator, which provides an opportunity to offer lending services and financial products related to payments to consumers in this country.
UK Government to Consider Sale Stake in NatWest
Jeremy Hunt, the chancellor of the exchequer, said that the Government of the United Kingdom will explore the possibility of selling its stake in NatWest Group and has intentions to offer the shares to the public if the appropriate decision is made.
Jeremy Hunt Says About Downgrade of UK Growth Forecast
The chancellor of the exchequer Jeremy Hunt announced a deterioration in the forecast of economic growth in the UK.
UK Inflation Demonstrates Decrease
According to the results of October, the annual inflation rate in the UK showed a sharp decline to the level of 4.6%.
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