Money

Monzo fined $28 million by UK regulator for financial crime failings

LONDON (Reuters) -Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for failings in its anti-financial crime systems, which included onboarding customers who had listed London landmarks as their address. As Monzo grew rapidly, it failed to maintain good enough controls to prevent the risk of financial crime, the Financial Conduct Authority (FCA) said in

EU looks to 'nature credits' to fill green funding gap

By Kate Abnett BRUSSELS (Reuters) -The European Union will develop rules for "nature credits" that pay farmers and foresters to take care of ecosystems, in an attempt to make this work more economically beneficial, the European Commission said on Monday. The EU is hunting for ways to increase funding for protecting the environment, without further straining public budgets stretched thin by other

Reboot for equity culture: Only UK-focused funds should qualify for tax relief, says ALEX BRUMMER

If Reeves had fiscal space, she could improve the competitive position of the City and strengthen equity culture by abolishing stamp duty on share trading.

Business news live: Pound and bonds recovering after Reeves gets backing, NS&I issue new Junior ISA rate

Business news live: Pound and bonds recovering after Reeves gets backing, NS&I issue new Junior ISA rate - Stock markets updates and business news from Thursday

The 10 Countries Where the Most Billionaires Are From

The 10 Countries Where the Most Billionaires Are From

UK bank launches regular savings account with whopping 7.10% interest rate

Digital bank Zopa has launched a regular savings account paying an industry-beating 7.10 per cent interest rate - and it can be opened with just a £1 deposit

Gold price in Dubai jumps above Dh370 – will shoppers now hold off or buy before it climbs?

Dubai: Just when UAE shoppers were getting comfortable with gold prices under Dh370 a gram, Dubai rates have jumped again. On Tuesday, the price of 22K gold crossed Dh370 per gram, gaining more than Dh7 in just a couple of days. For 24K, prices are now back above Dh400 per gram. This sudden surge comes after a period of steady buying, where many UA...

UAE ranks third globally in sovereign wealth assets, right behind US, China

Dubai: The UAE now ranks third globally in terms of total sovereign wealth and public pension assets, according to the Global SWF mid-year report for 2025. The UAE holds a combined $2.49 trillion (Dh9.17 trillion) in sovereign-owned investor (SOI) assets, making it the largest holder in the Middle East and third worldwide — behind only the United S...

12 Places Where Cash Is Still King—And 8 Where Digital Payments Rule

12 Places Where Cash Is Still King—And 8 Where Digital Payments Rule

Gold has never been more expensive – is your investment worth it?

Investors are piling into gold as market volatility drives the price higher. They may, however, be overpaying. New analysis shows the precious metal has never been so expensive. Unlike other investments, gold produces no income, and its industrial uses are limited, which makes it difficult to assess its “fair value”. But Russ Mould, of stockbroker ...

Prediction: in 12 months the recovering Vodafone share price could turn £10,000 into…

Harvey Jones has been watching the Vodafone share price slide for so long that he can't come to terms with its recent rally. But is it sustainable? The post Prediction: in 12 months the recovering Vodafone share price could turn £10,000 into… appeared first on The Motley Fool UK.

Best savings accounts in July to earn on your money before expected interest rates cut this summer

Best savings accounts in July to earn on your money before expected interest rates cut this summer - Inflation is still well above 3 per cent so make sure your interest rate is plenty above that level

How gen Z is rewriting money rules: ‘I thrift, I splurge, I save 25%’

From no-buy-years to second-hand shopping, gen Z seems to have its own unique spending habits. A global rise in the cost of living combined with a highly competitive job market means that 69% of gen Z use some sort of budget to manage their finances. Their priorities, and what they choose to save for, are different from their boomer counterparts. Gen Z is more likely to spend money on subscriptions, from meal kits to Spotify. There’s also the...

UAE Central Bank Zayed and Rashid Coins: How to buy and what they cost

Dubai: The Central Bank of the UAE (CBUAE) has issued limited-edition commemorative coins in gold and silver to mark the legacy of the country’s founding leaders. Released under the 'Zayed and Rashid' campaign, these coins honour the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Rashid bin Saeed Al Maktoum, recognising their vital roles in esta...

At 53, I've never had any savings

I thought it was normal to live paycheck to paycheck.

Indian rupee drops against dirham to best level for UAE NRIs since June 23

Dubai: The Indian rupee is going through a sudden drop against the dirham, currently at 23.40 and a level that was last seen between June 21-23. As for Indian expats in the UAE and Gulf, this is the best break they have had after rupee-dirham levels stuck to 23.11-23.13 exchange levels when it came to sending money home. The rupee had started the d...

Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs

Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs - Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect

IPL grows 12.9% in value, now worth $18.5 billion; RCB tops franchise rankings

The Indian Premier League (IPL) has cemented its place among the world’s premier sporting leagues, with its overall business enterprise value rising 12.9% year-on-year to reach an estimated $18.5 billion, according to the 2025 IPL Brand Valuation Study by global investment bank Houlihan Lokey. The league’s standalone brand value also jumped 13.8%, ...

Money Meets Style! Turning Coins into Timeless Accessories

Labour claims major reforms could boost some pensions by £29000 after rule change

The new government bill will consolidate small pension pots, create larger schemes and ensure they're good value for money

Southern Water receives further £1.2bn equity injection to bolster finances

Southern Water receives further £1.2bn equity injection to bolster finances - The fresh equity come as part of a deal that will also see the debt owed to its holding company lenders slashed by more than half.

Why money matters more than ever in modern relationships

Dubai: From who pays on the first date to managing joint savings, money is shaping relationships like never before — and yet, it remains one of the last things couples want to talk about. In a recent study by HSBC UK, 75% of people said financial compatibility is crucial to relationship success, yet many are still hesitant to have the conversation....

Sterling steadies after selloff, fiscal worries prevail

By Johann M Cherian (Reuters) -Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves' future as Britain's finance minister sparked a selloff across UK assets in the previous session. Markets had been monitoring developments around a welfare bill in parliament where divisions within the Labour party forced Prime Minister Keir Starmer to back down

If you own a one-million-dollar home, this is how much it will be worth in 10 years (in each state)

Property Investment Map Your million-dollar home could appreciate anywhere from 2 to 6 percent annually through 2035. These projections, based on FHFA's current market forecasts, state economic data, and regional trends, are subject to change. However, location makes all the difference.

Analysis-Crunch nears for UK's Reeves, with stability elusive and markets wary

By Andy Bruce, Kate Holton and Elizabeth Piper MANCHESTER, England (Reuters) -After a year in office, Britain's finance minister Rachel Reeves faces a reckoning over unmet promises of economic stability, with a stop-start economy and restive bond markets pointing to another tax-raising budget that she had hoped to avoid. Wednesday saw the biggest collapse in British government bond prices since

A 3-step passive income strategy to target major wealth

Want to invest in the stock market to build up a passive income stream? There's no fiendlishly complex multi-step mystique needed. The post A 3-step passive income strategy to target major wealth appeared first on The Motley Fool UK.

Labour opens door to wealth tax

Downing Street has opened the door to introducing a new wealth tax following pressure from Labour’s union paymasters. No 10 repeatedly refused to rule out a new levy on wealthy taxpayers after Lord Kinnock, the former Labour leader, said the party was “willing to explore” it. In a briefing with journalists on Monday, the Prime Minister’s spokesman ...

Vodafone shares: a £1,000 investment 5 years ago is now worth…

Vodafone shares have underwhelmed since 2020, but could the stock be on the verge of an explosive comeback? Here's what could be on the horizon. The post Vodafone shares: a £1,000 investment 5 years ago is now worth… appeared first on The Motley Fool UK.

5 Countries Where Cryptocurrency is Legal Tender

5 Countries Where Cryptocurrency is Legal Tender

Republicans advance Trump's tax bill after initial struggles to gain GOP support

The bill would build on various tax breaks from Trump's first term and temporarily introduce new ones. The state would partially offset the cost by reducing spending on Medicaid and food assistance. View on euronews

I tried five ways to sell my books, clothes and clutter – one was super easy

From the old-fashioned car boot sale to Vinted and Facebook market place, what’s the best way to turn your unwanted stuff into cash?

Wealthy fear more tax hits in Autumn Budget

Last year, chancellor Rachel Reeves delivered the largest tax-raising Budget in three decades, promising a “once in a generation” event and stating that she would not be back to hit the country’s wealthiest with further taxes. But wealthy people and their advisers have little faith in Reeves’ words. Many are already preparing for what they fear will be another Budget this autumn that will increase their tax burden. Part of the problem stems from...

Financial firms expect job cuts to rise rapidly in months ahead, survey finds

Banks led the downturn with output dropping sharply over the latest quarter.

NS&I confirms changes for savers - here's what it means for you

National Savings and Investments (NS&I), which is backed by the Treasury, has launched new versions of its British Savings Bonds

Emma Raducanu set to lose nearly half of her £152,000 Wimbledon winnings

Emma Raducanu was beaten by Aryna Sabalenka in the third round of Wimbledon and will be left with less than half of her prize money after a hefty tax bill.

Best savings rates – earn as much as 5%

The best savings rates on the market are offering up to 5% on your cash. Act fast before these top-paying accounts disappear

AJ Bell: a fine British fintech going cheap

Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base

HDB Financial shares climb in debut after $1.5 billion India IPO

Shadow Lender HDB Set to Debut After Biggest Indian IPO of 2025

What happens to your pension when you die?

What happens to your pension savings when you die depends on several factors, including whether you've reached retirement age, the type of pension you have, your marital status and the beneficiaries you have nominated. Strap in, this is quite complicated... but here's what you need to know…

Should I lock in a 5.38% yield for 30 years of passive income?

With UK government bonds offering higher yields than the FTSE 100, should investors look beyond the stock market for passive income opportunities? The post Should I lock in a 5.38% yield for 30 years of passive income? appeared first on The Motley Fool UK.

What the Bank Rate decision means for your mortgage, savings, pensions and investments

The Bank of England has voted to hold its headline interest rate at 4.25pc. In its latest Monetary Policy Committee meeting, which took place today, members voted for rates to be kept at current levels, a move that was widely anticipated. The UK is grappling with weaker growth, “sticky” inflation and uncertainty over the effects of ongoing wars, es...

Warren Buffett Drops $1.8 Billion on 7 Stocks

Noted investor Warren Buffett and his company, Berkshire Hathaway, spent $1.8 billion on the stocks of seven publicly traded companies in the last financial quarter. Knewz.com has learned that the information was revealed in the company’s quarterly 13F filing with the Securities and Exchange Commission. According to reports, one of the stocks Buffe...

'Leaked letter' shows building societies' true thoughts on Rachel Reeves ISA 'plan'

The Building Societies Association is preparing to send a letter to the chancellor in the coming days with an ISA announcement 'next week', according to reports

Colleges will soon have to fork over millions of dollars as Trump’s bill extends a tax on their endowments

Colleges will soon have to fork over millions of dollars as Trump’s bill extends a tax on their endowments - Universities use their endowments to fund critical operations and to provide services, such as tuition assistance to low-income students

Octopus Energy pays £1.5 million for prepayment meter billing errors

Octopus Energy pays £1.5 million for prepayment meter billing errors - Ofgem found more than 34,000 prepayment meter customers between 2014 and October 2023 did not receive final bills within six weeks.

30 problems only the super-rich suffer from

Having huge amounts of money can actually lead to a bewildering number of problems. Research has shown that people don't actually feel any happier after they earn over a certain amount of money. Here's why...

Spain's Zelestra gains an extra $280 million in financing for renewable energy projects

MADRID (Reuters) -Spain's Zelestra has secured a 235 million euro ($277 million) increase to an existing loan scheme which will help it develop renewable energy projects in Europe, the U.S and elsewhere, Chief Executive Leo Moreno told Reuters. Owned by Swedish investment firm EQT and previously known as Solarpack, Zelestra has been expanding beyond solar power to wind energy and storage assets.

£10,000 invested in Scottish Mortgage shares 3 years ago is now worth…

Scottish Mortgage shares reflect the value of their holdings, and over the past three years the trust has performed rather well. Dr James Fox explains. The post £10,000 invested in Scottish Mortgage shares 3 years ago is now worth… appeared first on The Motley Fool UK.

Lloyds Bank explains who will get £185 payments

A customer asked how they could find out if they would qualify for the Lloyds bonus

Nationwide update on £100 bonus payments going out to millions of customers

The payments from Nationwide were going out to current accounts