UK

Finance & Economics

Bank of England Cuts Interest Rates

Bank of England officials on Thursday, February 6, decided to cut interest rates to a 19-month low.

Finance & Economics

Bank of England Reportedly to Resume Rate Cuts

Currently, it is becoming increasingly widely believed that this week the Bank of England will decide on a new interest rates cut.

News

Nuvei Brings Omnichannel Payments to UK Gaming

With Nuvei innovative omnichannel payment solution tailored for the UK gaming industry, gaming operators can manage all payment channels through a single API.

Science & Technology

AI Video Platform Synthesia Doubles Valuation

Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, raised $180 million as part of an investment round valuing this startup at $2.1 billion.

Finance & Economics

UK’s Long-Term Borrowing Costs Demonstrate Growth

On Tuesday, January 7, in the United Kingdom, the cost of borrowing showed an increase after the auction of 30-year Treasury gilts brought yields on the long-term bonds reached the highest level in almost three decades.

News

UK Companies Plan Price Rises

The results of a survey by the British Chambers of Commerce showed that companies in the United Kingdom are currently planning to raise prices to cover higher tax payouts as business confidence has fallen to its lowest level since the fall of 2022 when the market was faced with a shock factor such as a […]

News

Visa Analysis Reveals Online Holiday Shopping Growth

Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.

News

Bank of England Holds Rates

The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.

Finance & Economics

UK Inflation Demonstrates Growth

In the United Kingdom, inflation showed an increase in November, reaching 2.6%.

Blockchain & Crypto

UK Banking Regulator Requests Data on Crypto Exposure

British regulator wants local UK firms to provide information about their current and expected future crypto asset exposures as well as the application of the Basel framework for the prudential treatment of crypto assets.

Finance & Economics

UK Business Confidence Demonstrates Decline

In the United Kingdom, businesses lost steam and pulled back on hiring in November.

Fintech & Ecommerce

Digital Bank Zopa Raises $85 Million

British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.

Fintech & Ecommerce

Revolut Faces UK Fraud Lawsuit

Revolut Ltd. is facing a lawsuit in the United Kingdom, as a result of which this fintech brand can pay 700,000 euros ($735,880) to a Serbian energy company as part of a fraud claim.

Articles

How Online Payment Trends Affect Holiday Shopping

Holiday shopping patterns continuously change reflecting macroeconomic realities, consumer behaviour shifts, and the constant evolution of payment methods. As the season of joy is approaching, we cannot help but wonder what changes current online payment trends have brought to the holiday shopping routine. 

Science & Technology

Broker Says About UK Business Damage From Cyberattacks

Insurance broker Howden on Monday, November 25, released information according to which over the past five years in the United Kingdom, businesses have lost approximately 44 billion pounds ($55.08 billion) due to cyberattacks.

Finance & Economics

UK Consumer Confidence Demonstrates Growth

In November, the United Kingdom recorded an increase in consumer confidence.