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Wise under investigation over money laundering control concerns
Posted on“The findings primarily concern the use of Wise accounts for criminal purposes, with indications of non-compliance with anti-money laundering legislation, particularly due to a failure to identify customers and their activities,” the spokesperson added.
More businesses call to be included in pub rates backtrack
Posted onHigh street shops, pharmacies and music venues have called on Rachel Reeves to axe the looming increases to business rates for them as well as pubs. The government is expected to announce a climbdown on the increases to business rates bills faced by pubs in England in the coming days. Landlords and pub owners have…
Watch: How war in Iran may affect food and fuel prices
Posted onAs the US and Israel continue strikes on Iran, and with retaliatory strikes hitting nearby Middle East states, key shipping routes are being disrupted. Oil and gas production in the region is also being affected. The BBC’s Nick Marsh examines how the war could cause a rise in living costs around the world.
China tightens export rules for crucial rare earths
Posted onChina has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. New regulations announced by the country’s Ministry of Commerce “to safeguard national security” formalise existing rules on processing technology and unauthorised overseas cooperation. China is also likely to block exports to…
Trump administration to roll back fuel economy rules set under Biden
Posted onNatalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
