CITY AM says fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse.
The passage of the ‘One Big Beautiful Bill Act’ signals a significant legislative achievement for Trump, fulfilling many of his campaign promises, particularly around immigration and military spending.
A federal judge ruled that President Trump’s asylum ban at the US-Mexico border overstepped his legal authority and bypassed established processes for asylum seekers.
The European Parliament will hold a no-confidence vote against President Ursula von der Leyen, emphasising rising discontent in Brussels following controversial decisions.
North Korea’s military deployment to Russia provides economic incentives, including fuel, food, and advanced military technology previously restricted due to sanctions.
Crypto
Bitcoin soared to an all-time high, briefly surpassing $106,000, fueled by optimism over Donald Trump’s pro-cryptocurrency stance ahead of his return to the White House. The cryptocurrency has gained more than 50% since Trump’s election victory on November 5.
Technology
Donald Trump announced that a “very wealthy group” will be revealed as the buyer of TikTok in approximately two weeks, pending potential Chinese government approval.
Matt Clifford, Sir Keir Starmer’s AI opportunities adviser, is stepping down for family reasons after six months in the role, having advised on the AI opportunities action plan.
The 2025 Paris Air Show highlighted Europe’s urgent push to advance its drone technology amid lessons from the Ukraine conflict.
The UK government’s proposed Data (Use and Access) Bill has faced its fourth defeat in the House of Lords. Peers voted 242 to 116 in favour of an amendment that would require greater transparency from tech companies using copyrighted material to train artificial intelligence models.
Space & Science
The European Commission has introduced its landmark EU Space Act, which proposes a unified regulatory framework for the entire bloc, applicable to both EU and non-EU space operators.
Travel
Cliff Notes – Inside the £28,999 Glastonbury accommodation with pools, an onsite hairdresser and helicopter arrivals The Pop Up Hotel offers luxurious glamping options…