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Bank of England plans to ease capital rules despite AI stability fears
Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffersBusiness live – latest updatesThe Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to
Student loan promotion in England and Wales amounted to mis-selling, MPs say
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freezeSlideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could c
EU rejects suspending biometric border controls despite 20 ‘difficult spots’
Officials admit new post-Brexit EES system is ‘not perfect’, as airports and airlines voice fears over delaysThe EU has rejected calls by airports and airlines to suspend the implementation of new fingerprinting and facial recognition border controls even though it admits there a
Foto: Markus Spiske / Pexels
Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’Business live – latest updatesPolicymakers must act to prevent public debt rising unsustainably in coming decades as the population ages and defence spending rises, the
M&S invests in fridges that can cope with weather as hot as 45C
Retailer admits it struggled in June heatwave and also had to order more ice-cream to keep pace with demandMarks & Spencer is investing in refrigeration equipment that can cope with weather as hot as 45C as the climate crisis is expected to drive regularly higher temperatures in
Prince Harry loses lawsuit against Mail publisher over phone-hacking claims
Duke of Sussex and other prominent figures sued Associated Newspapers alleging it sourced stories using unlawful methods• Prince Harry court case - latest updatesThe Duke of Sussex and six other prominent figures have lost their case against the publisher of the Daily Mail over c
Qatar says Iran fully responsible after tankers struck in strait of Hormuz
Qatar says Iran fully responsible after tankers struck in strait of Hormuz
Three vessels, including a Qatari LNG carrier, struck within hours close to OmanQatar has warned Iran it will bear full legal responsibility after three tankers, including a Qatari LNG vessel, were struck within hours in the strait of Hormuz.All three vessels were struck close to
Hundreds of jobs at risk as John Lewis announces closure of in-store services
Hundreds of jobs at risk as John Lewis announces closure of in-store services
Desks offering gift wrapping and bureau de change stations will be closed at dozens of stores nationwide John Lewis has put 200 jobs at risk as it plans to shut down desks operating gift wrapping and foreign exchange services.The 36-strong department store chain said it had begun
Foto: luigi fiorillo / Pexels
Italian village to impose fines of up to €200 on tourists with bare chests or in swimwear
Varenna’s authorities say wandering around the village shirtless or in swimwear is now bannedA fishing village by Lake Como has imposed fines of up to €200 (£170) for people who wander around with bare chests or in swimwear, in the latest attempt by an Italian holiday destination
Revealed: Farage’s £5m gift reported to UK crime agency over money laundering concerns
Revealed: Farage’s £5m gift reported to UK crime agency over money laundering concerns
Exclusive: Latest Guardian revelation about gift from cryptocurrency tycoon comes as Reform UK leader forces byelectionThe £5m gift to Nigel Farage by a cryptocurrency billionaire was reported to the National Crime Agency by bankers who were concerned it may have been laundered m
Foto: Phearak Chamrien / Pexels
Bond traders are watching this tracker to figure out the real odds of Fed rate hikes
A Fed gauge of wage growth is due to be updated on Friday, followed by a June reading on consumer inflation next Tuesday.
Virgin Media fined record £28m for stopping customers cancelling contracts
Ofcom levies largest-ever consumer protection fine after finding firm deliberately mishandled millions of phone callsBusiness live – latest updatesVirgin Media has been fined £28m by the UK telecoms watchdog for repeatedly preventing customers from cancelling their contracts over