UK Business Secretary Peter Kyle urged pension funds to increase investment in British companies, threatening legal mandates if voluntary efforts fail. He expressed frustration with the lack of domestic investment despite government initiatives and reforms, emphasizing a "patriotic duty" for asset managers.
Passengers of ride-hailing apps are dissatisfied with the complaint redressal system, which often relies on AI chatbots and lacks transparency. Incidents of driver misconduct, fare disputes, and safety concerns are met with generic apologies and unclear outcomes, leaving commuters feeling vulnerable and unheard.
Hong Kong's HK$20,000 newborn baby bonus, launched in 2023, is set to expire in October. The government will consult the public on whether to continue the incentive, which has benefited over 65,000 babies and cost HK$1.3 billion.
Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative. “You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can...
The UK government has launched a £50m retail investment campaign featuring an animated CGI squirrel named Savvy to encourage the nation's cautious savers to move cash into financial markets. Backed by 20 City firms including Barclays, Aviva and Robinhood UK, the 3-5 year campaign targets seven million adults holding over £10,000 in cash savings, who the Investment Association say are losing out as cash erodes in real terms.
The UK government has launched a £50m retail investment campaign featuring an animated red squirrel named 'Savvy' to encourage the nation's cautious savers to move money from cash into stock market investments. The three-to-five-year campaign, backed by 20 City firms including Barclays, Aviva and Schroders, aims to target the seven million UK adults holding over £10,000 in cash savings, amid concerns that risk-averse behaviour is stymying UK economic growth.
The UK government has launched a £50m advertising campaign featuring an animated CGI squirrel named 'Savvy' to encourage the nation's cautious savers to move their money from cash into financial markets. Backed by 20 major City firms including Barclays, Aviva and Schroders, the three-to-five-year campaign targets the seven million UK adults holding over £10,000 in cash savings, who campaigners say are losing out due to inflation. The Investment Association warns that £10,000 in a cash ISA a decade ago would be worth £8,400 today versus £19,700 in a global equity fund.
Thousands of unpaid carers will continue to face benefit repayment demands as the government launches an audit to fix historical injustices in carer's allowance, but existing recovery policies remain in place.
