Anthony Thomson, co-founder of Metro Bank and Atom Bank, is launching a new venture aimed exclusively at the global super-rich. Family Offices Bank (FOB) will target ultra-high-net-worth individuals with at least $30 million in investable assets and family offices managing $100 million or more. The bank, to be domiciled in Jersey, plans to sign up 2,000 of the world’s wealthiest ...
Poundland is closing 49 stores across the UK over the next five weeks, with 10 branches shutting their doors for good today, as part of a major restructuring under its new owners. US investment firm Gordon Brothers, which bought the discount retailer from Polish parent Pepco Group in June for a nominal £1, is cutting almost 70 stores from Poundland’s ...
Akiva Malamet, Bautista Vivanco, and Michael F. Cannon The Trump administration is planning to expand Medicare and Medicaid coverage of expensive weight-loss drugs like Ozempic under a five-year experiment, according to documents the Washington Post obtained from the Centers for Medicare and Medicaid Services. While Ozempic and other GLP‑1 drugs are great at helping patients lose weight (among many other promising ...
House GOP fiscal hawks have requested tens of millions of federal dollars for projects in their home districts for fiscal year 2026, an analysis by Fox News Digital has found. It’s common practice for congressional lawmakers to request funding for specific community initiatives for the people they represent – measures called ‘earmarks.’ Critics of such funding have often referred to ...
President Donald Trump’s week will culminate in a high-stakes summit with Russian President Vladimir Putin in Alaska, where the two leaders are expected to discuss the war in Ukraine and the broader state of U.S.–Russia relations on the global stage. The summit, scheduled for Friday, has drawn international scrutiny amid concerns that Washington and Moscow could attempt to broker terms ...
As of 2025, the Financial Conduct Authority (FCA) has introduced new changes as to how the UK mortgage market is monitored. This is part of a wider effort that is aimed at improving the level of transparency and support for vulnerable borrowers and to make sure that lenders are offering products that are fair and realistic. These changes come after ...
Frugalpac, the Ipswich-based clean technology firm behind the world’s first commercially available paper wine and spirits bottle, has launched a £5 million equity fundraising campaign to accelerate its global growth and expand into new sustainable packaging formats. The investment round, hosted on crowdfunding platform Crowdcube, has already secured £1 million from existing and new backers ahead of its public launch. ...
Trump continues supporting Sen. Lindsey Graham’s re-election bid while phoning into Republican event
President Donald Trump recently spoke to the South Carolina Republican Party’s Silver Elephant Gala through a phone that Sen. Lindsey Graham held up to a microphone. Trump, who endorsed Graham for re-election earlier this year, continued expressing his support for the senator while speaking on the phone. Trump said the senator has his ‘full endorsement,’ calling him a ‘great guy,’ ...
European clean energy-tech company Aira has raised €150 million in equity financing from existing backers Altor, Kallskär1, Kinnevik, Lingotto and Temasek to speed up the electrification of residential heating across the continent. The Stockholm-based firm, launched in June 2023, has quickly expanded into Germany, Italy and the UK, achieving an annual sales run-rate of €200 million. Aira’s customer offer combines ...
Elon Musk’s Tesla is preparing to enter the UK household energy market after applying for a licence to supply electricity to homes and businesses across Great Britain. The US electric carmaker, which also operates an energy business in America, has formally applied to the energy regulator Ofgem for an electricity supply licence covering England, Scotland and Wales. If approved, the ...