Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays
Britain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a government spokesperson told CNBC.
Asian news from Britain
UK pulls the throttle on Tempest next-gen fighter
The UK has started building its first sixth-generation fighter demonstrator, aiming to field a next-gen combat aircraft by 2035. The UK is steaming ahead with the program despite cost issues with similar fighter projects and questions of strategic value in the evolving air power space.
Indonesia launches ‘golden visa’ to lure foreign investors
Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10 million giving them a 10-year visa and access to Southeast Asia’s largest economy.
Britain's King Charles cashes in as Crown Estate profits surge to over $1.4 billion
LONDON — Britain's King Charles III is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign's public estate more than doubled, according to official records.
UK's Thames Water's troubles mount as credit rating cut to junk
Britain's largest water provider Thames Water suffered a blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody's downgraded its corporate family rating (CFR) and its safest tranche of debt to junk.
CrowdStrike blames defect in content update for epic global tech outage
CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week’s global tech outage that grounded flights, took TV broadcasts off-air and disrupted banks, hospitals and retailers.
Britain can deliver on its domestic goals by working with China
In these and other areas, such as infrastructure, Starmer could always consider cutting China out of the picture, for security reasons or otherwise. But without China, implementation costs might be more expensive than they otherwise would have been, making Starmer’s agenda all the more difficult to achieve.
UniCredit tops profit forecast, buys cloud-based bank
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).