UK

Fintech: a solution for exchange loss in UK-Ireland trade

UK trade with Ireland faced significant growth between 1999 and 2018 registering £ 2.9 billion and £13.5 billion respectively, according to a briefing paper Statistics on UK trade with Ireland published on January 14, 2020, by the House of Commons Library.  In 2018, Ireland was the UK’s 5th largest export market and the 10th largest […]

UK regulator urges reforms to curb Google, Facebook ad power

LONDON (AP) — British regulators want new rules to foster competition in digital advertising markets and rein in the industry’s dominant players, Google and Facebook. The Competition and Markets Authority took aim at the U.S. tech giants in a report Wednesday that recommends the British government adopt a new regulatory approach to governing big digital […]

UK allows e-scooter rentals to aid transport in pandemic

LONDON (AP) — Britain gave the green light Tuesday for trials of electric scooter rental programs, as authorities look for ways to help people get moving while maintaining distance and easing pressure on public transit as pandemic lockdown restrictions ease. The Transport Department unveiled new regulations that take effect Saturday and pave the way for […]

Huawei expecting green light for UK-based R&D facility

It seems that US sanctions will not stop Huawei from evolving in the International market. In the past few months, there was a debate about the company’s involvement in the UK 5G market. The debate raises cybersecurity concerns based on new Chinese legislation “China’s National Intelligence Law” adopted on June 28, 2017. Under this new […]

UK regulators investigate Facebook's purchase of Giphy

LONDON (AP) — British regulators have opened an investigation into Facebook’s recent purchase of Giphy over concerns that it will stifle competition. The Competition and Markets Authority said Friday it’s examining the deal over concern it will result in “substantial lessening of competition in any market or markets in the United Kingdom.” The social network […]

UK police use of facial recognition tests public's tolerance

By KELVIN CHAN Associated Press LONDON (AP) — When British police used facial recognition cameras to monitor crowds arriving for a soccer match in Wales, some fans protested by covering their faces. In a sign of the technology’s divisiveness, even the head of a neighboring police force said he opposed it. The South Wales police […]