uk

Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend

Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
June 23, 2022  |  Retail

Retail sales volumes are down about 5% for the year through June, according to survey data from the latest Confederation of British Industry (CBI) Distributive...

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BOE Official: Crypto Firms May Rival Amazon, eBay
BOE Official: Crypto Firms May Rival Amazon, eBay
June 22, 2022  |  Cryptocurrency

Bank of England Deputy Governor Jon Cunliffe has said the survivors of this rout in crypto could be leaders of the future — possibly rivaling...

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UK Open Banking Users Top 6 Million
UK Open Banking Users Top 6 Million
June 22, 2022  |  Banking

More than 6 million individuals and businesses in the United Kingdom regularly use open banking services, the U.K.’s Open Banking Implementation Entity (OBIE) announced in...

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Tether’s GBPT Sets Stage for Stable Crypto-Cable
Tether’s GBPT Sets Stage for Stable Crypto-Cable
June 22, 2022  |  Cryptocurrency

Following Wednesday’s (June 22) news that Tether, the world’s largest stablecoin issuer, is set to launch a new cryptocurrency pegged to the pound, businesses and...

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UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022  |  Economy

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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Discount Clothing Retailer Primark Makes Move to eCommerce
Discount Clothing Retailer Primark Makes Move to eCommerce
June 20, 2022  |  Retail

Primark will be venturing into online shopping with a new “click and collect” feature for children’s products as it looks into moving away from strictly...

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UK InsurTech Startup Instanda Raises $45M
UK InsurTech Startup Instanda Raises $45M
June 20, 2022  |  Insurance

Instanda, provider of a “no-code core insurance platform,” Monday (June 20) announced it raised $45 million in a Series B funding round that was led...

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