Leadership Transition
Guernsey Finance, the island's marketing body for its financial services sector, has welcomed Paul Sykes as its new Chairman. Sykes, Managing Director of Aon Guernsey, takes over from Deputy Lyndon Trott OBE, who was Chairman from 2016 to...
Ruashi Mining, a key unit of China’s Jinchuan Group, has been fined $10M in the DRC. A rare conviction that raises concerns about compliance risks and governance exposure for Chinese firms abroad.
Ensurge Micropower ASA (ENMPY) continues to spearhead innovation in solid-state lithium microbattery technology, tailored to meet the needs of advanced wearables and IoT applications. The company’s focus remains on ultrathin, flexible solutions optimised for the 1–100 mAh energy class.
Recent...
Cykel AI, a partner of Pioneer AI Foundry, has completed an oversubscribed £800,000 equity financing to enhance AI-driven digital workers, Eve and Samson. The funding underscores market confidence and aligns with Pioneer's recent capital raise.
Revolut and Visa challenge the UK’s PSR over a proposed cap on international transaction fees, arguing the regulator overstepped its powers. European banks and fintechs claim the cap will make them lose money post-Brexit. Both seek a judicial review for a fair process.
The UK economy faces recession risk with high interest rates and inflation expected to increase borrowing by £15 billion by 2030. Economic forecasts for 2025-2026 have been downgraded, and consumer sentiment has hit a 15-month low due to job insecurity and high taxes.