New York sues Kalshi prediction market alleging ‘illegal gambling operation’
Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profits
Economy
FCA advances package of equity market transparency reforms
The FCA has published a package of reforms designed to improve transparency, strengthen access to market-wide information and support confidence in UK equity markets.
Fifa to push ahead with consultation plan despite backlash and insists ‘nobody is selling football’
Fifa has responded to the threat of boycott from European nations with a statement saying that “nobody is selling football”, while blaming the media for disrupting its consultation process over controversial plans to se…
Anthropic’s AI Claude escaped testing environment and hacked organizations
Anthropic said on Thursday its AI Claude model hacked systems of three organizations during testing, days after rival OpenAI revealed a rogue agent had gone on a days-long hacking spree at AI firm Hugging Face.
Burnham to free mayors from ‘Treasury death grip’ with new devolved powers
England’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall.
Could AI take your job? Some workers in China already know the answer
On the tree-lined streets of Wuhan, where cars jostle for space with mopeds and cargo trucks, the malfunctioning of a new type of vehicle has recently been causing chaos on the city’s roads.
Burnham promises ‘pragmatic’ approach to North Sea oil and gas
Andy Burnham has said he will take a “pragmatic” approach to oil and gas drilling in the North Sea, saying the government could not ignore the potential energy resources it holds.
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of First Interstate Bank
The Federal Reserve Board on Thursday announced the execution of the following enforcement actions listed below:
Bank of England holds interest rates at 3.75% as inflation fears mount
The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost of living pressures on households.
SEC Announces Continuation of Small Business Advisory Committee Meeting
Since announcing California Forever, we have remained focused on listening to and learning from people representing all walks of life in Solano County.
Child pedestrian casualties are almost five times higher in England’s worst-off areas
The number of children killed or injured crossing roads is almost five times higher in England’s most deprived areas than its wealthiest, official analysis suggests.
Trial date set for individual charged with illegal promotions
Ms Beck entered a not guilty plea and the date of her trial has been set as 12 June 2028.
Blue Motor Finance Limited enters administration
On 30 July 2026, Blue Motor Finance Limited (BMFL) was placed into administration. Simon Edel, Richard Barker and Alan Michael Hudson of Ernst & Young LLP were appointed as joint administrators.
US economic growth slows to 1.5% in second quarter
Growth in the US slowed in the three months to June, according to official figures.
Airbus fined £6.4m for breaching rules on export of sensitive technology
Airbus has been fined £6.4m in the UK after the European aerospace company admitted to multiple breaches of rules designed to stop sensitive goods such as military hardware falling into the wrong hands.
Raids across UK in crackdown on nuisance car finance texts
Laptops, mobile phones and documents have been seized after officials carried out search warrants in a crackdown on claims companies plaguing people with spam text messages about the car finance mis-selling scandal.
Minutes of the Meeting of the Court of Directors held on 4 June 2026
David Roberts, Chair Andrew Bailey, Governor Sarah Breeden, Deputy Governor – Financial Stability [from item 6] Clare Lombardelli, Deputy Governor - Monetary Policy Sam Woods, Deputy Governor – Prudential Regulation Jon…
Bank Rate maintained at 3.75% - July 2026 Monetary Policy Summary and Minutes
At its meeting ending on 29 July 2026, the Monetary Policy Committee (MPC) voted by a majority of 6–3 to maintain Bank Rate at 3.75%. Three members voted to increase Bank Rate by 0.25 percentage points, to 4%.
Profits boost for defence firms as governments increase spending
Rolls-Royce and BAE Systems are expecting higher profits as governments around the world boost their defence spending.
FCA censures Equity for Growth (Securities) Limited
The FCA has censured Equity for Growth (Securities) Limited (EFG) for approving financial promotions relating to minibonds that were unfair, unclear and misleading.
Shell’s profits more than double after jump in oil and gas prices
Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East.
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry’s lobby group.
Meta misses earnings forecasts after Zuckerberg media push to promote AI
Mark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta’s second-quarter earnings, which sent its stock tumbling on Wednesday.
Interest rates expected to be held again by Bank of England
UK interest rates are expected to be held at 3.75% for a fifth time by Bank of England policymakers.