Dubai offers £600 rewards to residents who lure friends to visit as tourist numbers plummet
Residents eligible for dining and hotel packages if they can persuade family and friends to city spurned by visitors amid Iran war
Crime & Courts
Monetary policy decisions
The Governing Council today decided to keep the three key ECB interest rates unchanged. The outlook for energy prices, while highly volatile, currently stands close to the baseline of the June Eurosystem staff projectio…
Letter from the Governor to the Daily Mail
On Friday, May 15, Governor Polis pardoned 35 people and commuted the sentences of nine others, including former Mesa County Clerk Tina Peters, who was convicted and sentenced for her role in a breach of her office’s el…
Managing conflicts of interest in insurance
Having just joined as the FCA’s new insurance director, it’s been great getting to know the team and see the variety of work they’re doing – whether that’s working with the industry to improve claims experiences for cus…
Former Barclays CEO Jes Staley faces US congressional panel over Epstein ties
Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender
ECB reveals shortlisted designs for new banknotes and launches public survey
The European Central Bank (ECB) today unveiled the shortlisted design proposals for the next series of euro banknotes and launched a public survey inviting people across Europe to provide their feedback. These design pr…
Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live
Pubs and restaurants company Mitchells & Butlers had other things on its plate this summer: the British heatwaves hit its sales .
UK households free to install plug-in balcony solar panels from end of August
British households will be able to buy plug-in solar panels later this summer after the government changed the law so the UK’s biggest retailers could bring them to market for the first time.
FCA decides to ban father and son following fraud and misuse of client money
The FCA has decided to ban a father and son from UK financial services after the High Court found that they had engaged in fraud and misused client money.
Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing
Democrats in the US Congress have laid out plans for what they say would be the “boldest” bid to revitalize the country’s industrial heartlands since the second world war – using revenue raised by tariffs on China.
Carmakers lobbied UK to revoke ban on petrol and diesel cars after 2035
Major carmakers privately lobbied the UK government to revoke a ban on new petrol and diesel cars after 2035, according to documents that reveal for the first time the efforts to overturn a key decarbonisation policy.
Space datacenters proposed by Musk and Bezos ‘catastrophic’ for planet, experts warn
Space datacenters proposed by SpaceX , Jeff Bezos’s Blue Origin and others would release staggering levels of pollution that would probably alter the Earth’s atmosphere and be “catastrophic” for the planet, space indust…
Business rates to be cut by 20% for pubs, clubs and music venues in England
Burnham says relief for vape shops and other ‘non-positive’ businesses to be reviewed as part of £100m plan to fund cut
US senator wants urgent answers from Barclays over Jes Staley’s ties to Jeffrey Epstein
The leading US senator Elizabeth Warren has called for urgent answers from Barclays over what she claimed was its “apparent failure to meaningfully investigate” ties between the bank’s former boss, Jes Staley, and the l…
Google reports 12th consecutive quarter of strong revenue gains
Google’s parent company, Alphabet, reported double-digit revenue growth for its second-quarter earnings on Wednesday. This is the tech giant’s 12th consecutive quarter of massive revenue gains.
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the ea…
Paramount’s £80bn takeover of Warner Brothers a step closer after EU approval
European Commission says Paramount Skydance’s decision to end Universal venture addresses merger concerns
Tories ask HMRC to investigate whether Nigel Farage owes tax on £5m gift
The Conservatives have asked HMRC to investigate whether Nigel Farage should have paid tax on the £5m gift he received from the crypto billionaire Christopher Harborne.
Segro board U-turns on £14bn takeover bid by US rival Prologis
UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’
Harry Potter publisher to receive millions in Anthropic copyright settlement
The publisher of Harry Potter has received a multimillion-pound payout as a beneficiary of a $1.5bn (£1.12bn) copyright settlement between the AI startup Anthropic and thousands of authors over the use of their protecte…
Former Southern Water employees to face trial over alleged cover-up in wastewater testing
Britain’s Environment Agency (EA) is bringing a fraud case against four former Southern Water employees, including the former chief executive Matthew Wright, over allegations they manipulated wastewater testing…
Anthropic to support FCA’s Supercharged Sandbox
Anthropic will support the second group of firms in the FCA's Supercharged Sandbox.
Lloyd’s of London says ex-boss’s ‘close relationship’ breached compliance rules
Lloyd’s of London has ruled that its former boss John Neal breached compliance rules by failing to disclose a “close relationship” with a female colleague that risked triggering conflict of interest concerns at the insu…
Streeting says Burnham government will prioritise military over other spending
Defence secretary says he will give arms industry ‘clarity and confidence’ in contrast to row preceding Starmer’s exit