Home » Archives by category » Top Stories (Page 3)

Hinkley Point deal ‘risky and expensive’

Hinkley Point deal ‘risky and expensive’

Image copyright PA Image caption Artist’s impression of Hinkley Point C building proposals UK government plans for a new £18bn nuclear power station have come under fire from public auditors, who call it “a risky and expensive project”. The National Audit Office (NAO) said the costs and risks for consumers had not been sufficiently considered. […]

ECB bids for more euro clearing oversight

ECB bids for more euro clearing oversight

Image copyright Getty Images Image caption London is the world leader for clearing all types of currency-denominated derivatives The European Central Bank has put forward a proposal to boost its oversight over euro clearing. The legal amendment would give it a “significantly enhanced” role in regulating the lucrative market. London currently processes most of the […]

Hinkley Point deal ‘risky and expensive’

Hinkley Point deal ‘risky and expensive’

Image copyright PA Image caption Artist’s impression of Hinkley Point C building proposals UK government plans for a new £18bn nuclear power station have come under fire from public auditors, who call it “a risky and expensive project”. The case for the Hinkley Point C plant in Somerset was “marginal” and the deal was “not […]

Fed: US banks have money for crisis

Fed: US banks have money for crisis

Image copyright ANDREW CABALLERO-REYNOLDS/AFP/Getty The 34 largest banks in the US have money on hand to withstand a severe recession, the US central bank said on Thursday. The finding comes from an annual “stress test” conducted by the Federal Reserve. The tests were put in place after the financial crisis to strengthen financial capacity in […]

Facebook launches initiative to fight online hate speech

Facebook launches initiative to fight online hate speech

Image copyright Reuters Image caption Facebook says it will support and train NGOs to spot and respond to hate speech and extremism Facebook is launching a UK initiative to train and fund local organisations to combat extremism and hate speech. It comes a week after the social network announced steps of its own to remove […]

Virgin Media urges password change over hacking risk

Virgin Media urges password change over hacking risk

Image copyright Getty Images Virgin Media has told 800,000 customers to change their passwords to protect against being hacked. An investigation by Which? found that hackers could access the provider’s Super Hub 2 router, allowing access to users’ smart appliances. A child’s toy and domestic CCTV cameras were among the vulnerable devices. Virgin Media said […]

HS2 franchise: Bidder shortlist revealed

HS2 franchise: Bidder shortlist revealed

Image copyright PA Image caption An artist’s impression of how the new link will look The companies bidding for the West Coast Partnership rail franchise, which will design and run the HS2 high speed services between London and Birmingham, have been revealed. The Department for Transport (DfT) said First Trenitalia West Coast, MTR West Coast […]

Fruit and veg farmers facing migrant labour shortages

Fruit and veg farmers facing migrant labour shortages

Media captionFruit farmers are finding it hard to recruit pickers UK summer fruit and salad growers are having difficulty recruiting pickers, with more than half saying they don’t know if they will have enough migrant workers to harvest their crops. Many growers blame the weak pound which has reduced their workers’ earning power, as well […]

Haldane expects to vote for rate rise this year

Haldane expects to vote for rate rise this year

Bank of England chief economist Andy Haldane says he may vote for a rate rise in the second half of the year. He said leaving a rate hike until too late risks steeper rate rises in the future. Sterling briefly pushed above $1.27 after his comment, having dipped below $1.26 prior to Wednesday’s Queen’s Speech. […]

Wimbledon champion Boris Becker declared bankrupt

Wimbledon champion Boris Becker declared bankrupt

Image copyright Getty Images Image caption In 1985 Becker became the first unseeded player to win the Wimbledon men’s singles Three-time Wimbledon tennis champion Boris Becker has been declared bankrupt by a London bankruptcy court. The 49-year-old owed a firm of private bankers a large sum and the court registrar said there was not enough […]