UK targets Apple’s and Google’s mobile platforms for regulation
The move is designed to create a more open, competitive environment for the app economy and user choice.
UK
UK government wants ransomware victims to report cyberattacks so it can disrupt the hackers
Experts applauded the proposed change, which would require ransomware victims to notify authorities when paying a hacker’s ransom, arguing that this information can help catch cybercriminals and stop their activities.
UK launches £500 package to support diverse, underrepresented investors and founders
The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around […]
Neobank Revolut seeks $65B valuation, a year after its $45B deal
Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, […]