Ben Delo, the co‑founder of the cryptocurrency exchange BitMEX, has made a record donation of nearly $50 million to the UK political party Reform UK, led by Nigel Farage.
Leon Li, a Chinese investor active in the cryptocurrency sector, was identified as the seller of a £190 million Regent’s Park mansion in London. The sale highlights the challenges of tracing ownership in high‑value UK real‑estate amid new transparency initiatives.
Private equity firm Thoma Bravo has begun making concessions to lenders to refinance the debt of UK‑based cybersecurity company Sophos, seeking to calm creditor worries about the impact of artificial‑intelligence developments on the business.
The amendment requires the UK Treasury to create a comprehensive strategy for cryptoassets, stablecoins, tokenised securities and the broader digital financial infrastructure, signalling a move toward mandatory regulation of digital assets in the UK.
The UK government will permit English mayors to set any level of tourism levy on accommodation providers, aiming to generate additional revenue from visitors.
DoubleZero, a European fintech platform, integrated real‑time election market data from US‑based Kalshi, allowing institutional and algorithmic traders to trade political prediction markets as US midterm election betting activity grows.
Legal tech startup Harvey secured a $550 million financing round, pushing its valuation to $15.6 billion and funding the development of proprietary artificial‑intelligence models.
The British bank HSBC announced the shutdown of its German division, cutting over 300 positions as part of a strategic shift to concentrate on Asian markets.
Both Amazon and Uber are tapping European debt markets for their first bond issuances, with Amazon issuing sterling‑denominated bonds and Uber issuing euro‑denominated bonds, highlighting the growing appetite of U.S. tech firms for European capital to fund AI and other initiatives.
The UK government will require Apple and Google to implement safeguards that prevent children from creating, sharing, or viewing nude images on their devices, as announced by Culture Secretary Lisa Nandy in the House of Commons.