Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
Cliff Notes – Takaichi set to become Japan’s first female Prime Minister Japanese stocks, particularly the Nikkei 225 Index, surged by 4.6%, marking a historic high above 46,000 points. The yen depreciated significantly, hitting 149.76 against the dollar and a record low against the euro, following Sanae Takaichi’s election to…
Cliff Notes Yadi Zhang, a 47-year-old Chinese national, pleaded guilty to money laundering in connection with the UK’s largest-ever cryptocurrency seizure of over 61,000 Bitcoin, valued at more than £5bn. She was arrested after years of evading authorities, having allegedly orchestrated a £5bn investment scam in China that defrauded 130,000…
Cliff Notes The UK Economy recorded zero growth in July, with significant declines in manufacturing offsetting modest growth in the services and construction sectors. Concerns are rising due to the slowing labour market, elevated inflation, and impacts of the US trade war, prompting discussions about the upcoming budget and potential…
Cliff Notes The Supreme Court has unanimously overturned the convictions of traders Tom Hayes and Carlo Palombo for manipulating benchmark interest rates. Hayes, initially sentenced to 14 years for fraud, saw his conviction quashed due to jury direction errors that rendered the trial unsafe. The Serious Fraud Office will not…
Cliff Notes – Visit Saudi, ‘Doraemon’ collaborate on culture at Expo 2025 The construction industry is undergoing a significant digitisation revolution, with artificial intelligence (AI) now embedded in various construction processes, enhancing safety and productivity. viAct, a Hong Kong-based AI firm, is spearheading this transformation by offering an innovative platform…
