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UK

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BOE weighs alternatives to stablecoin holding limits following industry pushback 

Bermuda Broadcasting Newsdesk -
The BoE had previously said it would cap holding limits at 20,000 pounds ($26,786) per individual and 10 million pounds per business for sterling...
News - World

UK employers cut hiring and post fewer jobs under shadow of Iran war

Bermuda Broadcasting Newsdesk -
Early payroll data from the tax office - often revised sharply around the start of the tax year in April - showed a heavy...
News - World

Britain’s energy price cap to rise 13% in July, Cornwall Insight says

Bermuda Broadcasting Newsdesk -
Energy bills are forecast to rise by 209 pounds ($280) to 1,850 pounds a year for a typical dual-fuel household from July International News via...
Finance

Sterling slips after UK jobs data, politics in focus

Bermuda Broadcasting Newsdesk -
The Office for National Statistics said the jobs drop was the biggest since May 2020, at the start of the COVID-19 pandemic, but stressed...
Finance

Bank of England’s Greene says central banks can’t assume Iran war impact will be temporary

Bermuda Broadcasting Newsdesk -
Greene voted with the majority of her colleagues on the BoE's Monetary Policy Committee to keep rates on hold in April but said at...
News - World

UK firms should take steps to limit risks from frontier AI models, UK says

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Last month BoE governor Andrew Bailey said he saw major cybersecurity risks from Anthropic's ​Mythos product International News via Reuters: British companies should take steps to...
News - World

UK Labour Party says it will let Burnham run for parliamentary seat

Bermuda Broadcasting Newsdesk -
Burnham had sought the permission of Labour's National Executive Committee to stand in the by-election International News via Reuters: Britain's governing Labour Party said on Friday...
Finance

UK stocks drop as Burnham challenge and rising oil frazzle nerves

Bermuda Broadcasting Newsdesk -
Burnham said on Thursday he would seek to contest a parliamentary seat becoming vacant after a colleague decided to stand down International News via Reuters: British...
Finance

UK shares slide as Burnham leadership threat and oil prices unsettle investors

Bermuda Broadcasting Newsdesk -
Burnham said on Thursday he would seek to contest a parliamentary seat becoming vacant after a colleague's decision to stand down, potentially paving the...
Finance

UK 30-year gilt yield hits highest since 1998 on political and inflation fears

Bermuda Broadcasting Newsdesk -
Britain no longer issues much debt at 20- and 30-year maturities but the bonds' yields are sometimes seen as a barometer of investor concerns...
News - World

UK’s Starmer faces survival battle as potential rivals circle

Bermuda Broadcasting Newsdesk -
Disastrous results for the governing Labour Party in local elections last week have plunged Britain into a new crisis, just under two years after...
News - World

Britain’s foreign minister plans to visit China in early June, sources say

Bermuda Broadcasting Newsdesk -
The June 2-3 trip will take Cooper to Beijing for talks with her Chinese counterpart Wang Yi and then to the southern tech hub...
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