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Bank of England moves to relax bank capital rules amid AI stability concerns
Bank of England financial policy committee members voice concern on trimming 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 financial stability from rapid AI developments and debt-fuelled stock investments.The central bank said on Tuesday…
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Russia unmoved by Burnham or Farage as PM, says Badenoch
Conservative leader Kemi Badenoch launched a sharp attack on Labour’s handling of defence as an outgoing Sir Keir Starmer travelled to a NATO summit in Ankara, Turkey, carrying what critics have called an unfunded defence plan. She accused the Prime Minister of leaving a £5billion “black hole” in the Government’s Defence Investment Plan for his…
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Border security and the fentanyl crisis: is Washington doing enough
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China gains competitive advantage from United States climate advocacy policies
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Fighting fraud in the next round of budget reconciliation legislation
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Duffy performs her first live concert in fifteen years after abduction ordeal
The Welsh singer Duffy has performed her first concert in 15 years, marking a significant step in her return to public life after she withdrew from the music industry following what she has described as a harrowing kidnap and assault ordeal. In 2020 she revealed she had been “raped and drugged and held captive over…
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Ashley Walters, Nathalie Emmanuel, Emmett J. Scanlan & Leo Gregory Join Alex Lanipekun’s Short Film ‘Echoes’
British actor Ashley Walters, known for Adolescence and Top Boy, is to star in Echoes, a new London-set short film written and directed by Alex Lanipekun. The project brings together a notable cast and creative team, and signals continued output from Rebel Island, the production banner Lanipekun co-founded with Game of Thrones actor Nathalie Emmanuel,…
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Thames Water creditors vow takeover bid even under temporary nationalisation
Thames Water’s creditors have signalled they will press ahead with a bid to take over the heavily indebted utility even if it is temporarily nationalised by the likely incoming prime minister, Andy Burnham. The group of 100 institutional investors, holding roughly £14bn of the company’s senior debt, is continuing to discuss a £10bn rescue proposal…
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Ahmadinejad appears alive at Khamenei funeral months after reported death
Iran’s former president Mahmoud Ahmadinejad, who was reported dead by local media at the outbreak of the country’s war with Israel and the United States, has appeared in public alive at the funeral of Supreme Leader Ayatollah Ali Khamenei. Ahmadinejad, who led Iran from 2005 to 2013, had been believed killed by a missile strike…
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Georgia child welfare chief accuses Ossoff of exploiting foster children for campaign
Georgia Senator Jon Ossoff, a Democrat facing a closely watched re-election contest, has been accused by the state’s top child welfare official of exploiting vulnerable children for political gain. The row followed the release of Ossoff’s campaign advertisement, titled “Our Kids”, which highlights his role in a bipartisan investigation into Georgia’s troubled foster care system.…