Edition:
United Kingdom

Business News Headlines

UK finance firms urged to work together to fight cyber crime

Britain's financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals' infrastructure and put them out of business, a report by KPMG and industry body UK Finance said on Monday.

Britain, South Korea in talks to protect crude oil trade

Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain's upcoming exit from the EU, officials from both countries said, although a breakthrough does not look imminent.

Labour Party likely to seek broader BoE mandate if in power

Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors such as employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday.