Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.
Tags: UK
UK Cybersecurity Company Sold to US Private Equity For $5.3 Billion Due To Being 'Undervalued' in LSEG
Cambridge-based cybersecurity firm Darktrace has accepted a $5.3 billion acquisition offer from US private equity giant Thoma Bravo, a 44% premium over its recent share price.
Stellantis CEO Threatens to Pull Out Cars From UK Over Law That Limits Petrol Vehicles
Stellantis CEO Carlos Tavares warns that the UK's electric car mandate could force Vauxhall out of the British market, labeling the law a "disaster" due to potential loss-making sales.
UK Satellite Engineering Company Signs $19.7 Million Deal With SpaceX for Starlink Constellations
Filtronic Plc and SpaceX announced a groundbreaking agreement. In a $19.7 million deal, Filtronic will supply crucial modules for SpaceX's Starlink constellations, while SpaceX will be granted the option to acquire up to a 10% stake in Filtronic.
UK Government Faces Pressure to Address Housing Crisis Ahead of Elections
The housing shortage crisis in Britain, with a deficit of 4.3 million homes, takes precedence in the lead-up to an anticipated general election, prompting major political parties to address it while balancing concerns about landscape preservation and planning laws.
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The United Kingdom receives voluntary donations towards reducing national debt at the highest level in the last ten years.
China Accused of Flooding Britain with Fake Royal Mail Stamps; Experts Term it as 'Economic Warfare'
The reports indicate that four Chinese suppliers are manufacturing counterfeit stamps at an alarming rate of up to one million per week.
The UK considers banning smartphone sales to under-16s due to rising safety concerns. Recent surveys show strong public support.
The UK government is investing £55.5 million ($70 million) to improve facial recognition technology as part of a crackdown on shoplifting.
One of the U.K.'s largest vet companies were hit by a major cyberattack. Should pet owners be worried?
In a blow to former President Donald Trump, his appeal to dismiss his case against Christopher Steele has been rejected by a UK court.
A prominent businessman and former Egyptian government minister has been unexpectedly bestowed with a knighthood.
The US and UK are investigating cryptocurrency transactions exceeding $20 billion routed through a Russian-based virtual exchange, part of their strategy to combat sanctions evasion linked to Vladimir Putin's actions in Ukraine.
UK government slashes NatWest stake to 29.8%, no longer controlling shareholder. According to statements from the finance ministry on Monday, Mar. 25.
