UK pay awards hold at lowest in nearly four years, IDR survey shows

The UK is set to launch a pilot scheme allowing homeless individuals to open bank accounts with the country's five largest banks. This initiative is part of a broader financial inclusion strategy aimed at ensuring that financial services are accessible to everyone, including programs to help domestic abuse victims restore their credit scores.

Six major telecom companies in the UK are joining forces to enhance security measures against phone number spoofing. Over the next year, they will implement new technology aimed at preventing fraudsters from impersonating legitimate organizations, helping to protect consumers from scams.

Ebury, a UK-based cross-border payment firm, is set to increase its workforce in China. This decision comes as local companies are expanding their international trade and the yuan gains traction in global commerce.

Gopichand Hinduja, the head of the UK's richest family, has passed away at the age of 85. He played a significant role in expanding his father's small textile and trading businesses into a global conglomerate.

The chancellor is exploring the possibility of breaking a long-standing taboo on income tax, suggesting that voters might overlook a broken promise if it leads to significant investments. This move echoes past efforts, like those of Denis Healey in the 1970s, aimed at addressing economic challenges such as inflation and unemployment.

Nvidia's CEO Jensen Huang is set to meet with the UK's Technology Secretary Liz Kendall on Wednesday, according to Sky News. This meeting highlights the growing collaboration between tech leaders and government officials.

The UK state pension is the least generous among G7 countries, providing British retirees with significantly lower benefits and for fewer years compared to their counterparts in other wealthy nations. This disparity raises concerns about the financial security of older citizens in the UK, especially as it contrasts with the lower tax burden on the working-age population. Understanding these differences is crucial as it highlights the challenges faced by retirees and the ongoing debate about pension reforms.

Centrica has successfully acquired a 15% stake in the Sizewell C nuclear power project in the UK, marking a significant step in the country's energy transition. This investment not only strengthens Centrica's position in the energy sector but also supports the UK's goal of increasing low-carbon energy sources. The Sizewell C project is expected to play a crucial role in providing reliable energy and reducing carbon emissions, making this acquisition a win for both Centrica and the environment.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.