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UK

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Bank of England’s Bailey sees ‘wrestle’ with US on stablecoin regulation

Bermuda Broadcasting Newsdesk -
Stablecoins are typically pegged at a fixed rate to the U.S. dollar or another major currency, and aim to be an alternative to the...
News - World

UK’s Princess Kate to visit pioneering Italian schools funded by WW2 scrap metal

Bermuda Broadcasting Newsdesk -
The visit will take Kate to Reggio Emilia, where local residents — many of them women — helped finance some of Italy’s first nursery...
News - World

British MPs to visit China for first time in seven years, sources say

Bermuda Broadcasting Newsdesk -
The five-day trip by 12 Labour and Conservative MPs in mid-May is organised by the Great Britain-China Centre, an NGO funded by the Foreign,...
Finance

Sterling and gilts rise as Starmer vows to stay despite election drubbing

Bermuda Broadcasting Newsdesk -
Starmer's Labour haemorrhaged support in areas reporting overnight, with results still rolling in on Friday International News via Reuters: The pound and UK government bonds climbed...
News - World

Meta challenges UK regulator over online safety fees, fines

Bermuda Broadcasting Newsdesk -
The challenge centres on Ofcom's use of worldwide, rather than UK, revenue to determine fees and potential fines International News via Reuters: Facebook and Instagram owner...
News - World

UK to summon Chinese Ambassador after spying convictions

Bermuda Broadcasting Newsdesk -
“The activities carried out by these men, on behalf of China, are an infringement of our sovereignty and will never be tolerated," Jarvis said International...
Finance

London’s FTSE 100 falls as oil majors weigh; voters head to polls

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index closed 1.6% lower at 10,276.95 points after surging more than 2% in the previous session International News via Reuters: Britain's FTSE...
News - World

Two men found guilty of spying on Hong Kong dissidents in UK for China

Bermuda Broadcasting Newsdesk -
Chung Biu "Bill" Yuen, 65, and Chi Leung "Peter" Wai, 40, both dual Chinese and British nationals, were convicted of assisting a foreign intelligence...
News - World

BP to sell stakes in flagship UK carbon capture projects in Northern England

Bermuda Broadcasting Newsdesk -
The oil major said it plans to sell a portion of its equity in the Net Zero Teesside (NZT) Power project and the Northern...
News - World

UK builders hit by biggest surge in cost inflation in nearly four years

Bermuda Broadcasting Newsdesk -
The S&P Global UK Construction Purchasing Managers' Index's measure of input cost inflation leapt to 81.4, its highest since June 2022 International News via Reuters: British...
News - World

PayPal, Mastercard, Visa face UK competition probe over digital wallet deals

Bermuda Broadcasting Newsdesk -
The FCA, which infrequently uses its powers to enforce competition law among financial services firms, said on Wednesday that it had reached no conclusions...
News - World

Greece wins UK ruling on buyback of GDP-linked securities over creditor opposition

Bermuda Broadcasting Newsdesk -
Greece had told its investors that it wanted to repurchase all of the outstanding warrants due in 2042 for a call price of just...
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