Reuters UK/EU

By Huw Jones and William Schomberg LONDON (Reuters) – The Bank of England on Wednesday told regulators to move fast to toughen rules for funds used by Britain’s pension industry which nearly collapsed last year after former Prime Minister Liz’s Truss’s “mini-budget.” The BoE said Britain’s banking system was not at risk from the kind …

Bank of England tells regulators to move fast on LDI reform after mini-budget crisis Read More »

(Reuters) – Ukrainian Deputy Prime Minister Iryna Vereshchuk urged Russians on Tuesday not to adopt children who she said were “stolen” in Ukraine during the war and deported to Russia. The war that Russia has been waging on its neighbour for 13 months now has seen millions of people displaced, including families and children. The …

Kyiv urges Russians not to adopt Ukraine’s ‘stolen’ children Read More »

BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Latin America and Spain, the company said on Tuesday. Cabify closed the funding round with participation from investors like Orilla Asset Management and AXIS, through Fond-ICO Next Tech. “This commitment by strategic investors is a recognition …

Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain Read More »

By Martin Coulter LONDON (Reuters) – The number of children using TikTok and Snapchat rose last year in Britain, according to research published by media regulator Ofcom. Around half of those aged between 3 and 17 use TikTok and Snapchat, figures collected as part of the watchdog’s annual survey of children’s and parents’ online attitudes …

TikTok, Snapchat growing in popularity among UK children, regulator data shows Read More »

LONDON (Reuters) – Britain plans to split responsibility for governing artificial intelligence (AI) between its regulators for human rights, health and safety, and competition, rather than creating a new body dedicated to the technology. AI, which is rapidly evolving with advances such as the ChatGPT app, could improve productivity and help unlock growth, but there …

Britain opts for ‘adaptable’ AI rules, with no single regulator Read More »

LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to find on smart TVs and set-top boxes, the government said as it announced a plan to update media rules for the streaming age. The proposed new law will also put Netflix, Amazon Prime Video and Disney+ under …

UK broadcasters to stay prominent on smart TVs and speakers Read More »

By Chavi Mehta and Akash Sriram (Reuters) -Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna. The service, Apple Pay Later, will allow users to split purchases into …

Apple launches ‘buy now, pay later’ service in US Read More »

By Tim Hepher PARIS (Reuters) – German air taxi developer Lilium said on Tuesday it was in “active and constructive” discussions for new funding as it ramps up battery-cell production. In a shareholder letter, the company also defended battery technology which has come under scrutiny because of the extra power required compared to other eVTOL …

Air taxi firm Lilium says in funding talks, defends battery design Read More »