In a world grappling with economic volatility and uncertainty, lingering inflation and the rising cost of capital, an alternative financial system grounded in ethics and risk-sharing is attracting renewed attention. Islamic finance – a system that prohibits interest, discourages speculation and demands real asset backing – is seeing a global resurgence. Two countries, Türkiye and
The FOS is an independent body with responsibility for deciding on complaints against firms that provide financial products and services. The highest amount the ombudsman can award went up this year to £445,000, a substantial increase from the £150,000 limit before April 2019. The FOS received 141,846 new complaints between July 1 and Dec. 31,
The U.K. government has announced a major financial investment worth up to £30 million ($40 million) to help drive growth in the local music industry. The stimulus package is part of the government’s Creative Industries Sector Plan, which is due to be published in full next week in the wider Government Industrial Strategy report. The
UK retail bank NatWest has recently apologised after a wide‑scale mobile banking outage left millions of customers locked out today. Starting just before 9 am on Friday, June 6, the bank’s mobile app—used daily by over 10 million people—suffered a technical failure that prevented logins and balance access. What Happened at NatWest’s IT Outage? NatWest experienced a
Back then, voters stuck two fingers up at the establishment and backed Farage’s Brexit project instead. There’s nothing to say they won’t do the same again. “That strategy is wishful thinking and a comfort blanket,” said one ally of Farage of Labour’s new offensive. “The British public would rather vote for something positive than against
Back then, voters stuck two fingers up at the establishment and backed Farage’s Brexit project instead. There’s nothing to say they won’t do the same again. “That strategy is wishful thinking and a comfort blanket,” said one ally of Farage of Labour’s new offensive. “The British public would rather vote for something positive than against
Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure
2-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com Barclays indicated that the layoffs this summer were being done to “align staffing to current and expected business needs.” In 2024, the British banking firm laid off 70 people in Whippany,
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be