PayPal tells Australia it supports buy-now-pay-later regulation
Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law, it said in a submission to the Australian government, adding a powerful voice from inside the sector calling for regulation.
Liverpool call for UEFA action to guarantee supporter safety
Liverpool called on UEFA to do the "right thing" in implementing a series of recommendations after a damning report found European football's governing body responsible for the chaos that surrounded last year's Champions League final in Paris.
Britain sets out legislation to regulate buy-now-pay-later credit
Britain on Tuesday will set out draft legislation to regulate "buy now pay later" credit, saying the sector posed potential harm to consumers without thorough affordability checks.
EU lawmakers agree to tougher rules on targeted political ads
EU lawmakers on Thursday agreed to tougher rules on targeted political advertising aimed at countering misinformation during elections, drawing support from Google's YouTube and civil rights activists and concerns from a tech lobbying group.
Seeing is believing? Global scramble to tackle deepfakes
China recently adopted expansive rules to regulate deepfakes but most countries appear to be struggling to keep up with the fast-evolving technology
Levelling up: how UK freeports risk harbouring international crime
This risk of criminals taking advantage of the relaxed regulation in freeports has been highlighted by several studies.
EU grapples with asylum reform as migrant entries surge
Eight years after facing a refugee crisis in 2015, the European Union is still struggling with how to reform its asylum system -- just as migrant entries are once again rising.
Banks demand deep changes to UK's accountability rules -sources
Banks are pushing the British government to relax core parts of post-financial crisis rules designed to hold bosses to account for misconduct on their watch, in order to make hiring easier, two industry sources told Reuters.
Italy plans Treasury shake-up with new department for state-owned firms - sources
Italian Economy Minister Giancarlo Giorgetti plans to reorganise the ministry, creating a new unit at the Treasury department to manage state-owned firms and banking regulation in a project he will take to the cabinet next week, sources told Reuters.
UK minister reassures Washington on restored stability, fiscal plans
Britain's financial services minister sought to reassure U.S. counterparts on Wednesday that the UK's bout of debt market instability last fall was a one-time event
Thousands of UK households receive £30 water bill discount, payout automatically applied to bills in January
This discount comes after customers conserved enough water to help refill the drought-hit Colliford reservoir by 30%.
Banking reforms could make the UK a sustainable finance hub, but also threaten financial stability
The global financial crisis has cost Britain up to £7.4 trillion in lost output alone.
Cryptocurrencies at crossroads after annus horribilis
To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure.
EU states reject ban on 'payment-for-order-flow' share trades
European Union member states on Tuesday rejected plans to ban brokers earning fees in return for directing share trades to specific trading platforms, part of a sweeping stock market overhaul to compete better with post-Brexit London.
UK fines TSB Bank nearly £50 million for IT fail
British regulators on Tuesday said they had fined TSB Bank ?48.7 million ($59 million) over an IT upgrade that left customers unable to access services.
Qatar's migrant workers wary of life after the World Cup
Labour rights have been a hot topic for Qatar, virtually since it was awarded the World Cup 12 years ago.
Europe's car repairers call for competition rules rewrite
Europe's car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to disadvantage independent operators.
Apple to allow third-party app stores, side-loading apps from the web on iPhone starting next year
In a bid to comply with the EU's Digital Markets Act rules, Apple is reportedly planning to allow third-party app stores on iPhone starting next year.
BoE to stress test non-banks for first time after pensions turmoil
Investment funds and other non-bank financial institutions face their first 'stress test' next year to apply lessons from the near-meltdown in Britain's pension fund sector, the Bank of England (BoE) said on Tuesday.
Explainer-How Britain is exploiting Brexit to reform finance?
Britain proposed over 30 reforms on Friday to bolster the City of London's role as a global financial centre, now outside the European Union and facing competition from Amsterdam, Paris and Frankfurt, as well as New York and Singapore.
UK defends new post-Brexit finance reforms
The government has already said it plans to lift a cap on bankers' bonuses, and to require UK regulators to prioritise growth and competitiveness, alongside market stability.
EU agrees ban on imports driving deforestation
The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation.
Bargains begin luring big banks back to China bets for 2023
As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets.
Cryptoverse: Messi takes on Ronaldo in fan coin world cup
The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar.
Irish privacy regulator fines Facebook 265 million euros
Ireland's data privacy regulator imposed a 265 million euro ($277 million) fine on social media giant Facebook on Monday, bringing the total it has fined parent group Meta to almost 1 billion euros.
'Employ more British workers,' Jenrick tells UK businesses
UK Immigration Minister Robert Jenrick has urged UK businesses to train local people while the CBI head wants more migrant workers boost economy growth.
Cryptoverse: Let's talk about DEX, baby
As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is.
Explainer-Britain's insurers become test case for post-Brexit 'unshackling'
The British government and the Bank of England are reforming insurers' capital rules, seen as a post-Brexit test of UK willingness to "unshackle" the City of London after leaving the European Union.
Crypto: what could more regulation mean for the future of digital currencies?
While traditional financial markets are heavily regulated, crypto is not, something that looks likely to change following FTX's recent difficulties
Finland's foresters decry 'unfair' EU climate plans
Standing next to a freshly-cut clearing the size of seven football fields, Finnish forest engineer Matti Jappila pointed to growth rings in an up to 300-year-old tree stump.