UK

    • Green light for Virgin Media, O2 £31bn merger

      Green light for Virgin Media, O2 £31bn merger

      The long anticipated merger deal between Virgin Media and O2 moved a step closer to being finalized as the two companies received a key backing, BBC reported. The deal is valued at some £31bn and was provisionally approved by the UK's competition watchdog. The statement has been awaited since last December when The Competition and Markets Authority (CMA) launched an investigation of the proposal.

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    • UK, 6 EU countries stop fossil fuel exports funding

      UK, 6 EU countries stop fossil fuel exports funding

      UK and six EU countries vowed to stop providing guarantees, related to all projects linked to exports of fossil fuels, Reuters reported. The initiative includes Britain, Germany, France, The Netherlands, Denmark and Sweden. Official representatives of governments in London, Paris and Berlin are expected to seal formally the pact on Wednesday, French Finance Minister Bruno Le Maire said. The intended deal includes halt of all public export guarantees.

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    • UK Darktrace eyes $4bn London IPO

      UK Darktrace eyes $4bn London IPO

      UK cyber security company Darktrace backed by tech entrepreneur Mike Lynch announced it was launching an estimated $4 billion London listing, Reuters reported. The main objectives linked to the IPO plans were tied to securing new funds to accelerate product development and strengthen its balance sheet. Darktrace was founded in 2013 in the university city of Cambridge. It uses AI to understand IT networks and detect attacks by identifying unusual behaviour.

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    • FB wipes 16,000 accounts over fake reviews trading

      FB wipes 16,000 accounts over fake reviews trading

      Facebook announced it had suspended some 16,000 accounts alleged for selling or buying fake reviews of products and services, after Britain’s competition watchdog intervened, Reuters reported. Facebook also made further changes to detect, trace, remove and prevent paid content which might mislead users on its platforms, including popular photo-sharing app Instagram,UK’s Competition and Markets Authority (CMA) said.

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    • Digital pound backs post-Brexit City of London recovery

      Digital pound backs post-Brexit City of London recovery

      All efforts to restore the role UK’s capital as key global finance centre should be focused on digital upgrade of transactions and payment methods. The British capital is loosing a major share of finance and stock market business after Brexit came in effect. Leading think-thanks emphasized on the role of the digital pound as a tool to facilitate a transition to more advanced transaction practices, Reuters reported.

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    • UK card spending returns to pre-Christmas levels

      UK card spending returns to pre-Christmas levels

      Fast vaccine rollout and economic revival spurred credit and debit card spending in the UK, Reuters reported. Households and individuals were behind the robust growth which pushed up the sector development to the pre-holiday levels. Total household spending surged by 88 percent in the first week of April to reach highest level since the week preceding Christmas, the Office for National Statistics (ONS) said.

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    • UK says 5m had both doses of a COVID-19 vaccine, over 31m got firs shot

      UK says 5m had both doses of a COVID-19 vaccine, over 31m got firs shot

      Over 31 million people in UK had received their first shot of a COVID-19 vaccine, with five million now having had both doses in what is the fastest rollout in Europe, official data showed. Britain reported 10 deaths from COVID-19 within 28 days of a positive test on Saturday, the lowest daily figure since early September, as its vaccine rollout reached another milestone, Reuters reported.

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    • “Kill the bill” rallies against larger police powers rock the UK

      “Kill the bill” rallies against larger police powers rock the UK

      A national weekend of action united hundreds protesters who staged rallies across the UK with demands to halt a draft bill which aims to secure additional powers to police to limit protests, Reuters reported. The controversial Police, Crime, Sentencing and Courts bill increases the range of measures that law enforcement officers can impose to scatter demonstrations such as time and noise limits. Protesters fear that those points may be used as an excuse to smash any social unrest.

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