Money Moves

The transition from manual to automatic cars for driving lessons is becoming increasingly significant in the UK. Data suggests that within the next decade, over half of driving instructors from major schools like AA and BSM may teach exclusively in automatic vehicles. In January 2022, 86% of instructors taught in manual cars, but projections indicate […]

Three regulators from Ofcom participated in an international adult industry conference in Prague, engaging with approximately 1,700 attendees to discuss compliance with the UK’s new Online Safety Act. This legislation, effective from July, is designed to limit children’s access to pornography through mandatory age verification measures. During a presentation, regulators urged pornography site operators to

The Mayor of London, Sadiq Khan, announced a one-day traffic ban on a section of Oxford Street to promote the area, describing it as a potential turning point for its future. The event, titled “This is Oxford Street,” prohibited vehicles on a half-mile stretch from Oxford Circus to Orchard Street between noon and 8 PM

Bernard Arnault, the founder of LVMH Moët Hennessy Louis Vuitton and Europe’s wealthiest individual, has expressed serious concerns regarding a proposed 2% wealth tax targeting individuals with assets exceeding €100 million. In a statement to the Sunday Times, he warned that such a tax could impose costs exceeding €1 billion on him and potentially harm

Passengers traveling through London Heathrow, as well as Brussels and Berlin airports, experienced delays on Sunday following an alleged cyber-attack that affected check-in desk software. The incident reportedly impacted Collins Aerospace, a provider of check-in technology used by multiple airlines, leading to a return to manual check-in processes starting Friday night. Airports advised travelers to

In Crown Heights, Brooklyn, a property management company called Cohabs has opened a 19-bed co-living complex known as Crown 120, offering rooms as small as 74 square feet for approximately $1,900 per month. The site was formerly the Kingston Lounge, a jazz club, and its redevelopment has raised concerns about cultural erasure and gentrification in

A chatbot platform that presents explicit scenarios involving preteen characters, illustrated by potentially illegal images, has sparked renewed concerns regarding the misuse of artificial intelligence. A report from the Internet Watch Foundation (IWF) highlights a rise in child sexual abuse material (CSAM) produced by AI technologies, leading to calls for the UK government to implement

Donald Trump is currently pursuing the removal of Federal Reserve Governor Lisa Cook, an action that raises questions about the independence of the central bank. This follows Trump’s previous threats to dismiss Jerome Powell, the chairman of the Fed, which he ultimately did not act on, likely due to market reactions. Trump’s call for significant

Jensen Huang, CEO of Nvidia, recently offered advice to UK ministers regarding a multibillion-pound tech agreement with the US, suggesting that the UK should increase its reliance on gas. He emphasized the importance of energy for developing new industries, believing that a mix of sustainable energy sources, including gas turbines, could be necessary for growth.

A former executive at Meta, Sarah Wynn-Williams, known for her critical memoir about the company, is reportedly facing significant financial difficulties following its publication. Wynn-Williams, who previously served as the director of global public policy at Facebook, has made allegations regarding Meta’s interactions with China and its treatment of teenagers in her book titled Careless