Current Events

The European Union’s AI Act entered its first enforcement phase on February 2, targeting artificial intelligence systems labeled as “unacceptable risk.” This includes bans on social scoring, real-time biometric surveillance in public, and emotionally manipulative AI. While these provisions are now active, broader rules covering high-risk systems, AI literacy, and transparency will come into force gradually through 2027. Companies operating in or selling into the EU must begin compliance planning now. Penalties for non-compliance, including fines up to €35 million or 7% of global revenue, will begin in August 2025.

The UK government is reviving plans to develop a “Silicon Valley” equivalent in the Oxford-Cambridge ARC, aiming to boost national GDP and create 100,000 high-skilled jobs by 2035. Backed by the Department for Science, Innovation and Technology, alongside Oxford and Cambridge Universities and FTSE 100 companies, the initiative focuses on AI, infrastructure, and private capital investment. Highlighted success stories include Arm Holdings and Darktrace. While the potential is significant, global AI competition presents risks. If successful, the project could contribute £78 billion to UK GDP and help fund major public initiatives like the New Hospital Programme.

Cryptocurrencies aren’t just for tech experts or investors anymore. They’ve gone mainstream. El Salvador and the Central African Republic (CAR) even made Bitcoin legal tender, creating a buzz around the world. Why? Because digital currencies offer clear advantages: lower fees, better access to financial tools, and protection from inflation. For …

BHP Group attempted an all-share takeover of Anglo American, valuing the company at £31.1 billion. Despite offering a 14% premium, Anglo's board rejected the proposal, citing undervaluation and structural complexities. The deal faced regulatory hurdles and shareholder skepticism, ultimately leading BHP to withdraw. This analysis explores the strategic objectives behind BHP's bid, the financial and regulatory challenges, and the broader market implications of the failed acquisition within the global copper market and mining industry consolidation trends.

The world of cryptocurrencies has never been short of dramatic twists and turns, and the recent events surrounding Bitcoin are a testament to this volatility. In a matter of days, Bitcoin’s price experienced a significant tumble, sending shockwaves throughout the cryptocurrency market. SpaceX’s Influence? The calm that had seemingly settled …

Bitcoin and other cryptos are taxable assets. While taxation laws are different in different countries, the UK has a very rigorous tax regime.

Chinese tech giant Tencent Holdings Ltd. (HKG: 0700) recently announced that it would acquire the Sumo Group (AIM: SUMO), a British video game firm, for a £919 million (US$1.27 billion). Following the news of the prospective acquisition, shares of Sumo jumped over 40%.

NHS’ rank in healthcare had considerably decreased because of factors such as the lack of staff wherein the budget and equipment are not properly supplied. Additionally, NHS had been financially pressured because they are spending more than they’re getting. Thus, the government promised to help improve NHS’ services by pledging …

On July 2018, Mark Richard G. Acklom, an English conman who is on Britain’s National Crime Agency’s (NCA) list of 10 most-wanted fugitives, has been caught in Switzerland after six years of hiding. Acklom was arrested by the Swiss police together with NCA and Avon and Somerset Police in his …