Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
Tag: U.K.
HSBC Acquires Silicon Valley Bank U.K. For 1 Pound
HSBC UK, the ring-fenced subsidiary of HSBC, has acquired Silicon Valley Bank UK for £1 ($1.21), according to a latest filing. In a statement from the Treasury, it said the Bank of England oversaw the...
HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
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How The U.S. And U.K. Are About To Kick Their Economies In The Stomach
This week President Biden will release his proposed budget for the next fiscal year. Next week Britain will do the same. The Conservative Party rules in London and the far-left Democratic Party holds ...
Craig Wright loses U.K. case as judge rules Bitcoin file format can’t be copyrighted
Ad Craig Wright has lost a case in the U.K. that could have allowed him to prevent the operation of Bitcoin and Bitcoin Cash, as seen in a Feb. 7 court filing. In his claim, Wright argued that Bitcoin...
U.K. CMA issues provisional decision on Microsoft-Activision deal
Microsoft Corporation (NASDAQ: MSFT) is in focus this morning after the British competition regulator announced a provisional decision on its attempt to buy Activision Blizzard (NASDAQ: ATVI). Microso...
U.K. Launches CBDC Project Backed by BoE
The United Kingdom (U.K.) has stepped up its efforts to introduce a central bank digital currency (CBDC). The Bank of England (BoE) issued a consultation paper along with the H.M. Treasury outlining t...
U.K. Central Bank and Treasury Believe Digital Pound is Needed
According to a story that was published by the Daily Telegraph on February 4, the Bank of England (BoE) and His Majesty’s Treasury feel that it is possible that the United Kingdom will need to d...
U.K MP pushes for financial services and markets bill this year – Cryptopolitan
Andrew Griffith, a member of the U.K. Parliament and Economic Secretary to the Treasury, is determined to pass the Financial Services and Markets Bill by Easter. However, he made this announcement at ...
U.K. Treasury Proposes Ambitious Crypto Regulations
His Majesty’s Treasury has finally released a long-awaited consultation document in preparation for the imminent regulation of cryptocurrencies in the United Kingdom. The comprehensive paper, wh...
U.K. Takes a Page from TradFi’s Books to Regulate Cryptoassets
The United Kingdom (U.K.) has opened a consultation on new rules for regulating the crypto sector. The government intends to regulate cryptoassets, including trading, lending, and custody, similarly t...
U.K. Government Has Proposed A £600 Million Package To Help Its Steel Companies Go Green
Getty Images Key takeaways Runaway energy prices in the U.K. have made the cost of industry prohibitive over the past couple of years. This is of particular note for steel mills which sometimes use ca...
There Are More Music Offices Than Ever Before, But How We Fund Them Needs To Change
Few of them are funded, staffed and have regulatory power. This must change. On 19 January, the City of Philadelphia approved a resolution to create a Philadelphia Music Office. While a task force has...
Ex U.K. Leader Boris Johnson Claims Putin Threatened To Kill Him With Missile Before Russia Invaded Ukraine
Topline Former British Prime Minister Boris Johnson has claimed Russian President Vladimir Putin threatened to kill him in a missile strike just weeks before invading Ukraine, a chilling allegation as...
The U.K. government is recruiting for a head to its central bank digital currency project
The economic and financial ministry of the United Kingdom’s government, known as His Majesty’s Treasury, is in the process of hiring a head of central bank digital currency (CBDC) to overs...
The U.K. Is Giving Ukraine Lots of Artillery. Now The British Army Can Get Newer And Better Guns.
A British Army AS-90. Crown Copyright The British Army’s artillery corps was in pretty bad shape before Russia widened its war on Ukraine starting 11 months ago. Its guns and launchers were too few in...
A ‘Very Strong’ Christmas For Primark—Sales Hit $3.9 Billion Helped By Price Rises
A Primark flagship store in central London. The U.K. market performed well during Christmas. getty Value fashion retailer Primark has reported a strong Christmas season with sales up 15%* to £3.15 mil...
GOP Reps. Greene And Gosar Reassigned To House Committees After Previous Congress Voted To Remove Them
Topline Far-right Reps. Marjorie Taylor Greene (R-Ga.) and Paul Gosar (R-Ariz.) were reappointed to committees on Tuesday under the new Republican-controlled House, following their removal from commit...
Sephora Confirms U.K. Store Comeback At Westfield London
Back in black (and white): Sephora will reopen its first UK store for nearly 18 years. Photographer: … [+] Victor J. Blue/Bloomberg © 2022 Bloomberg Finance LP It will have taken a mere 18 years...
The U.K. Is Giving Ukraine Hundreds Of Armored Vehicles. Russia Has A Plan For Wrecking Them.
A British Army Challenger 2 tank. Crown copyright The United Kingdom isn’t just sending Ukraine a small batch of surplus Challenger 2 tanks. It’s planning to donate hundreds of armored vehicles and se...
U.K. Court Sentences Four for £21m Crypto Fraud
A U.K. court has sentenced four men to 15 years in prison for illicitly obtaining £21 million ($25 million) worth of digital assets through an Australian cryptocurrency exchange. Preston Crown Court b...
U.K. Police Arrest Man After Discovering Uranium On Package At Heathrow Airport
Topline Police in London arrested a man on suspicion of terrorist activity after traces of uranium were discovered on a package that arrived at Heathrow airport from Oman in December, officials from S...
Prince Harry’s Memoir ‘Spare’ Sets U.K. Record For Fastest-Selling Nonfiction Book, Publisher Says
Topline Prince Harry’s memoir Spare—which was leaked last week—became the U.K.’s fastest-selling nonfiction book ever on the day of its official release Tuesday, the book’s publisher said, as Harry co...
National Film And Television School Given Degree Awarding Capabilities
Engineering graduands, wearing caps and gowns, sit in a row during a graduation ceremony at the … [+] Johns Hopkins University, Baltimore, Maryland, May 24, 2006. From the Homewood Photography C...
Cancer Vaccine Trials—Using Same mRNA Tech Behind Covid Shots—Could Launch In U.K. This September
Topline Trials of cutting-edge cancer vaccines could kick off in the U.K. as soon as September, German Covid vaccine maker BioNTech announced on Friday, part of a new government partnership to fast tr...
Boxing Day Footfall Grows In The U.K. But Inflation Still Weighs Heavy
TOPSHOT – Customers queue outside Selfridges department store ahead of the Boxing Day sale in … [+] central London on December 26, 2018. (Photo by Niklas HALLE’N / AFP) (Photo credit...
U.K. activates new crypto tax policy to encourage foreign investment
Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers. This is as the region takes concrete s...
Music Industry Competition Watchdog Finds Alarming Trends Across The Sector
MIAMI, FLORIDA – AUGUST 30: Bad Bunny performs live on stage during the Spotify ¡Viva Latino! Live … [+] on August 30, 2019 in Miami, Florida. (Photo by John Parra/Getty Images for Spotify...
Six Months After The Russians Shot Down Ukraine’s Last Naval Rescue Helicopter, the U.K. Is Sending Replacements
A Westland Sea King HU5 in Royal Navy service in 2013. Via Wikimedia Commons The United Kingdom is sending three Westland Sea King helicopters to Ukraine. The 1970s-vintage rotorcraft, which once serv...
U.K. police arrests 100 criminals using Bitcoin records – crypto.news
The UK Metropolitan police arrested about 100 cyber criminals involved in a £50 million worldwide ‘bank spoofing’ scam on Thursday, November 24. The conmen were identified by tracing bitcoin records, ...