Britain

British regulator kicks off consultation on new crypto rules

British regulator kicks off consultation on new crypto rules

British regulator the Financial Conduct Authority (FCA) launched a wide-ranging consultation on a range of proposed rules for the crypto industry on Tuesday, a day after the government said the industry would be regulated from October 2027. The FCA set...

UK military chief urges Britain to better prepare for Russia threat

UK military chief urges Britain to better prepare for Russia threat

Britain must get better prepared to deter the threat of conflict, particularly from Russia, by encouraging people to be willing to fight, increasing industrial weapons capacity and developing skills, the country's military chief said on Monday. Air Chief Marshal Richard...

Bank of England heads for close vote on likely rate cut

Bank of England heads for close vote on likely rate cut

The Bank of England looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a cut. Barring a major surprise in economic data ahead of...

UK’s Aberdeen to acquire $2 billion of US closed-end assets

UK’s Aberdeen to acquire $2 billion of US closed-end assets

British money manager Aberdeen said on Friday it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S. market. Aberdeen will buy the...

FTSE 100 closes lower as Wall St mood sours

FTSE 100 closes lower as Wall St mood sours

London's FTSE 100 fell on Friday, as a sell-off on Wall Street fuelled by AI angst spoiled the mood across European markets. The blue-chip FTSE 100 dipped 0.6%, retreating from gains of as much as 0.6%. The mid-cap FTSE 250...