Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily. The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn
Britain’s Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of “difficult decisions” ahead to cut spending or hike taxes. Reeves, who is the first woman chancellor of the exchequer, also cancelled or postponed road and hospital building projects and
New UK finance minister Rachel Reeves vowed Monday to immediately “fix the foundations” of Britain’s economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK’s first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there
Rachel Reeves, a former child chess champion and Bank of England economist, is on Friday expected to become Britain’s first female finance minister. With Labour predicted to win by a landslide, Reeves will step up to the role of chancellor of the exchequer, having been the party’s finance spokesperson in opposition. Her party has put
By Huw Jones and Iain Withers LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Wednesday there would be no rush to introduce detailed rules to regulate the rapidly developing use of artificial intelligence in financial services. The European Union has approved a new law to regulate AI, now being increasingly used in everyday
By Kirstin Ridley LONDON (Reuters) – Britain has fined over 400 overseas entities for failing to sign up to a new register designed to shed light on illicit wealth hidden in UK property, although less than 3% of the penalties have been paid so far, new data shows. Companies House, Britain’s public corporate registry, told