Britain can “without a doubt” compete with the United States to become a global hub for cryptoassets, the City minister has said, as the government sets out long-awaited legislation to regulate the fast-growing digital assets market. Lucy Rigby said the proposed framework showed the UK’s intention to “lead the world in digital assets adoption”, amid mounting concern from the crypto ...
The proportion of people in Britain holding cryptocurrencies has fallen sharply, according to new research published by the Financial Conduct Authority, as the regulator unveils long-awaited plans to bring digital assets under formal supervision. Research commissioned by the FCA found that just 8 per cent of UK adults now own cryptocurrencies such as bitcoin or ethereum, down from a peak ...
The AA has appointed advisers to explore a potential sale or stock market flotation, five years after the debt-laden roadside assistance group was taken private, as rival RAC also considers a return to public markets. The AA, which is owned by private equity firms Warburg Pincus, TowerBrook Capital Partners and Stonepeak, has hired JP Morgan and Rothschild to review strategic ...
The Trump administration argued in a court filing on Monday that pausing construction on the new White House ballroom would undermine national security, citing a Secret Service declaration warning that halting work would leave the site unable to meet ‘safety and security requirements’ needed to protect the president. The declaration says the White House’s East Wing, demolished in October and ...
Tensions are boiling within the House GOP as lawmakers are set to begin their final legislative week of 2025. More than a dozen House Republicans who spoke with Fox News Digital over the last week gave different answers on where tensions lie, with frustrations directed toward Speaker Mike Johnson, R-La., the White House, their Senate counterparts and even each other. ...
Real America’s Voice chief White House correspondent Brian Glenn and outgoing Republican Rep. Marjorie Taylor Greene of Georgia revealed that they are engaged. ‘She said ‘yes’’ Glenn wrote in a post on X, adding the ring emoji while sharing a photo of himself with the congresswoman. Greene shared Glenn’s post and wrote, ‘Happily ever after!!!’ along with a red heart ...
Virgin Media O2 has officially opened its new multi-million-pound North West headquarters in central Manchester, marking a significant expansion of its long-term commitment to the city and the wider region. The new office, located on John Dalton Street just off Deansgate, will be home to around 1,100 employees and forms part of a broader strategy to invest in people, digital ...
The UK unemployment rate has risen to 5.1 per cent, its highest level since January 2021, as fresh data pointed to a further cooling in the labour market and slowing wage growth. Figures published by the Office for National Statistics (ONS) showed the jobless rate increased from 5 per cent in the three months to September to 5.1 per cent ...
First-time buyers, the self-employed and older borrowers could soon find it easier to secure a mortgage under a package of reforms proposed by the Financial Conduct Authority, as the regulator moves to modernise lending rules to reflect changing working lives and demographics. The FCA said it plans to simplify mortgage regulations and loosen restrictions on lenders to allow more flexible ...
McKinsey is drawing up plans that could see thousands of jobs cut over the next two years, as the global consultancy responds to rapid advances in artificial intelligence and a prolonged slowdown in client demand. Senior partners at the firm are understood to have held early discussions with leaders of non-client-facing departments about reducing team sizes by as much as ...