News
-
Meta’s foray into consumer-oriented AI has raised alarms among privacy advocates and regulators, as its latest chatbot application subtly reveals sensitive user information through a public feed—an issue recognized in multiple regions, including the UK. Introduced in April, the independent Meta AI app seamlessly connects with users’ Facebook and Instagram accounts, enabling both private and…
-
The Science Based Targets initiative (SBTi) has unveiled its initial draft of the Automotive Sector Net-Zero Standard, designed to assist car manufacturers and auto parts suppliers in setting science-based net-zero goals in alignment with global climate change targets. Established in 2015, SBTi aims to make science-based environmental target setting a standard practice for businesses. The…
-
The series of tax hikes introduced by Chancellor Rachel Reeves in her Autumn Budget last year has contributed to a spike in pubs going bust across the UK in April, according to new figures. A total of 67 pubs closed down during the month – the highest number since July 2024 when 75 entered insolvency…
-
The Basel Committee on Banking Supervision, the core global authority for setting banking standards and policies, has unveiled a new framework for regulators to disclose climate-related risks by banks. However, under pressure from the US, the committee opted to make the framework voluntary, potentially diluting its original aim of a mandatory Pillar 3 disclosure framework…
-
British manufacturers are turning away from the US due to rising tariffs and trade uncertainty, with Make UK forecasting a 0.2% contraction in 2025 and warning of looming de-industrialisation. Read more: British manufacturers turn their backs on US as export market amid Trump-era trade turmoil
-
New data lays bare the scale of CEO-worker pay divide.
-
Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity…
-
The co-founder and CEO of the [used car platform](https://www.cityam.com/people-and-organizations/motorway/), Motorway, discussed how he built a $1 billion business from the ground up following the largest setback of his professional life. In a forthcoming episode of *City AM*’s [Boardroom Uncovered](https://linktr.ee/boardroomuncovered), Tom Leathes shared insights into how he and his fellow founders chose the automotive sector for…
-
Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.”…
-
Telecom, tech, private equity deals define a dynamic UK week.