Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years

The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.

The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.

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© Photograph: Gary Yeowell/Getty Images

© Photograph: Gary Yeowell/Getty Images

© Photograph: Gary Yeowell/Getty Images

WIRED spoke with the founders of the Aged Intelligence Society, a fast-growing events startup that brings women together to “solve midlife problems using frontier tools.”

This week on “Uncanny Valley,” we go behind the scenes of our Nathan Fielder cover story, unpack tech billionaires’ generous promises, and discuss the suspicious letters sent to US election offices.

ISLAMABAD – Pakistani government slashes petrol prices by Rs1.60 per litre while increasing the price of high-speed diesel (HSD) by Rs1.64, with the revised rates coming into effect on October 23, 2026.

Oil and Gas Regulatory Authority (OGRA) revised petroleum prices under the federal government’s pricing mechanism. After adjustment, petrol will be available at Rs377.71 per litre, down from Rs379.31, while the price of high-speed diesel has risen to Rs391.75 per litre from Rs390.11.

The latest revision comes a day after the government reduced the petrol price by Rs2.71 per litre and raised the diesel rate by Rs0.31 per litre. Those changes had brought petrol to Rs379.31 per litre and diesel to Rs390.11 per litre.

International crude oil markets moved higher today, with prices climbing to a five-month high as escalating regional tensions raised concerns about potential disruptions to energy supplies.

Houthi attacks in Saudi Arabia intensified market concerns over oil flows from the Middle East, a strategically important region for global energy exports.

Brent crude futures had gained $2.42, or 2.2%, to reach $111.24 per barrel. US West Texas Intermediate (WTI) crude rose by $1.14, or 1.2%, to $98.29 per barrel. Brent crude also entered technically overbought territory for the third time in a week and was on course for its highest closing price since May 18.

 

The post Petrol Price in Pakistan drops to Rs377, Diesel jumps to Rs391 appeared first on Daily Pakistan English News.

Defence secretary says Britain must manufacture at scale as Germany’s Rheinmetall opens Midlands factory

For the last 20 years, Britain was unable to put a barrel on its tanks without buying from abroad. Relying on foreign allies seemed like a reasonable choice during years of relative security (for wealthy countries at least) after the end of the cold war.

But Russia’s full-scale invasion of Ukraine in 2022 has changed the calculation – and prompted a scramble to rearm among European countries, including the UK.

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© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

Lisa Callif talked about the implications of the deal in a fireside chat at THR’s annual Power Managers breakfast, which also hosted a conversation with UTA CEO David Kramer and honored financial guru Michael Ullman.

Costs are spiking for the millions of Americans who rely on workplace-sponsored health insurance, according to a survey released Thursday, with small businesses and their employees being hit especially hard.  The average cost of a family plan increased by 5 percent, topping $28,000 this year, according to the annual Employer Health Benefits Survey from KFF.…

Costs are spiking for the millions of Americans who rely on workplace-sponsored health insurance, according to a survey released Thursday, with small businesses and their employees being hit especially hard.  The average cost of a family plan increased by 5 percent, topping $28,000 this year, according to the annual Employer Health Benefits Survey from KFF.…

The West Hollywood event, presented by UTA, brought out TikTok's finest.

The firm is reeling from eight web security certificates’ private keys being exposed, an incident that could leave out-of-date devices vulnerable to sites using forged security certificates.

Chennai Petroleum’s gross refining margin more than doubled to $20.41 a barrel in the September quarter, while profit before tax rose to ₹3,032 crore from ₹994 crore a year earlier

Exclusive: Sasan Ghandehari’s partnership with religious foundation raises questions about past dealings with republic criticised by Nigel Farage

Nigel Farage’s newest billionaire donor was in business with a powerful Iranian religious foundation under the authority of the country’s supreme leader, raising questions about his past dealings with the hardline republic.

Hossein Ghandehari, also called Sasan, was little known in the UK until he pledged to give millions to Reform UK this summer and donated £50,000 to Farage to cover the cost of two passes for the Davos World Economic Forum.

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© Photograph: Jeff Gilbert/Alamy

© Photograph: Jeff Gilbert/Alamy

© Photograph: Jeff Gilbert/Alamy

The money that SpaceX is looking to pour into Paramount-Warner Bros. could realign planets — under one ruler.

President Trump said Wednesday he asked Google CEO Sundar Pichai to rename the Atlantic Ocean on the company’s Google Maps application — a request the tech executive denied. “We seriously looked at the Atlantic Ocean,” Trump said during a rally in Clemson, S.C. The president then praised Google Maps for changing the respective names of…

President Trump said Wednesday he asked Google CEO Sundar Pichai to rename the Atlantic Ocean on the company’s Google Maps application — a request the tech executive denied. “We seriously looked at the Atlantic Ocean,” Trump said during a rally in Clemson, S.C. The president then praised Google Maps for changing the respective names of…

In London, the FTSE 100 index ended down 27.85 points, 0.3%, at 10,725.03.

© PA Archive

In London, the FTSE 100 index ended down 27.85 points, 0.3%, at 10,725.03.

© PA Archive