Popular “buy now, pay later” shopping services like Klarna will face stricter regulation under proposals announced by the U.K. government Tuesday. From a report: The Treasury said buy now, pay later (BNPL) firms would come under the supervision of the Financial Conduct Authority (FCA), which regulates financial services firms and markets in Britain. Such firms will be required to conduct affordability…
Tag: U.K. Government
What Scientists Know About the Coronavirus Variant Spreading In the UK
An anonymous reader quotes a report from NBC News: Several European countries have banned flights from the U.K. over fears about a new coronavirus variant that has forced millions of people in Britain to cancel their Christmas plans. Germany, the Netherlands, Belgium, Austria and Italy all announced restrictions on U.K. travel. Others will likely follow suit as scientists warned that the…
UK Use of Software Linked To Russia-Hack Runs Deep
The little-known Texas software company that’s been attacked by suspected Russian hackers has a sprawling reach among U.K. government agencies, potentially putting clients from the National Health Service to police forces at risk. From a report: SolarWinds, which fell victim to hackers who put a “backdoor” in the software giving them access to users’ computer networks, has been deployed by the…
Pfizer Halves Covid-19 Vaccine Shipments For 2020 Due To Supply-Chain Problems
“The Wall Street Journal is reporting that Pfizer is planning to cut their shipment of Covid-19 vaccines for 2020 in half due to supply-chain problems,” writes Slashdot reader phalse phace. Axios (non-paywalled source) reports: The U.K. government has ordered 40 million doses of Pfizer-BioNTech’s vaccine — enough to inoculate some 20 million people. The companies now expect to ship 50 million…
UK Seeks Site For World’s First Fusion Power Station
sciencehabit writes: The U.K. government today invited communities around the country to volunteer a site for a prototype fusion reactor, which would be the first — it is hoped — to put electricity into the grid. The project, called Spherical Tokamak for Energy Production (STEP), began last year with an initial 222 million pounds over 5 years to develop a design….
A Self-Taught Garage Inventor Sees His Liquid Air Storage Idea Make the Big Time
Anmar Frangoul writes via CNBC: Work has started on a liquid air energy storage site in the northwest of England, with the team behind the project stating it will be one of the largest energy storage systems in Europe. Highview Power’s 50 megawatt facility in Greater Manchester will harness technology that uses something called “air liquefaction.” The system involves a number…
Should the U.K. Government Form a Coalition to Buy ARM?
With SoftBank’s Masayoshi Son trying to sell ARM, a columnist for the Observer newspaper has a suggestion for the U.K. government (and specifically Brexit Tories), calling the Cambridge-based company “a kind of public-interest commercial company: licensing state-of-the art instruction sets that can be implemented in silicon architecture by everyone. It was in nobody’s pocket.” Its business, as its chief founder, Tudor…
A Coronavirus Vaccine ‘May Be Six Months Away’
The New York Post reports that a COVID-19 vaccine “may be six months away, according to a researcher leading a team of scientists in England.” “I think there’s a high chance that it will work based on other things that we have done with this type of vaccine,” Sarah Gilbert, a professor of virology at Oxford told The Times of London….