Finance

The UK Financial Conduct Authority has partially suspended its £9.1 billion motor finance redress scheme after legal challenges, delaying compensation payments to millions of motorists until at least 2027.

Samsung has launched its first U.S. credit card with Barclays, integrating rewards and payments into Samsung Wallet as the company expands deeper into financial services.

Crypto.com has secured a $400 million strategic investment from Citadel Securities, valuing the cryptocurrency exchange at $20 billion as traditional finance expands into digital assets.

Bank of England Governor Andrew Bailey has defended financial regulation, arguing that well-designed rules support economic growth while warning against broad deregulation of the UK's banking sector.

France has lowered its 2026 economic growth forecast to 0.7% as delayed budget measures, weaker economic activity, and the impact of the Iran conflict weigh on the country’s outlook.

Global markets attempted to stabilize after a sharp sell-off as oil prices eased from recent highs. Investors remain focused on Trump tariffs, AI spending concerns and inflation risks.

Global stock markets declined as investors reacted to a selloff in AI-related shares, rising oil prices and renewed concerns over inflation and geopolitical tensions in the Middle East.