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☆ Princess Kate calls for 'love, not fear' in poignant Christmas letter
▼ + stars: | 2024-12-01 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +2 min

The 42-year-old wife of Prince William, Britain’s future king, appears to acknowledge the challenges she and her family have faced this year. “Love is the light that can shine bright, even in our darkest times,” she wrote. In a video address released in March, Kate shared that she had been diagnosed with cancer and was undergoing “a course of preventative chemotherapy” following a period of widespread speculation about her health and whereabouts. Neither Charles nor Kate has revealed what kind of cancer they were diagnosed with. The service will be recorded on Friday and broadcast in the U.K. on Christmas Eve.

Persons: Princess, Wales, ”, —, Prince William, Britain’s, “, Kate, King Charles III, Charles, Buckingham, William Organizations: London's Westminster, NBC News, Sky News, Service Locations: London's, British, Westminster

☆ Rural uprising over British tax change that critics say will hammer family farms
▼ + stars: | 2024-11-30 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +5 min

LONDON — The countryside came to the capital as thousands of farmers packed into London streets around Britain’s Parliament to protest changes to tax rules. Some drove tractors, others brought hay bales, many carried signs saying “no farms, no food.” All were protesting against the new Labour government’s decision to tax inherited agricultural property. Despite the gray skies and wet weather, thousands of farmers gathered in central London. “Ministers claim the inheritance tax cap hits only the rich, but it could put 70,000 farms — big and small — at risk. We are not — claiming that 70,000 farms will shut down or have to pay the tax a year.” The website defines a generation as 40 years.

Persons: ” Tom Bradshaw, Keir Starmer’s, Rachel Reeves, Mark Kerrison, Starmer, Victoria Vyvyan, Richard Baker, Jeremy Clarkson, Steve Reed, ” Organizations: Labour, National Farmers Union, NBC, Group, Department for Environment, Food & Rural Affairs, Agricultural, Business Property Relief, Institute for Fiscal Studies, Country Land and Business Association, Britain’s Treasury, Farmers, Getty, JCB Locations: London, Britain’s, U.S, Brazilian, Rio de Janeiro, Union

☆ Travel news: The world’s most lovable cities for 2025
▼ + stars: | 2024-11-30 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week, Disney’s newest cruise ship, ideas for Christmas cheer, plus the top-tier cities most loved around the world. London wows for 2025The 2025 World’s Best Cities report, compiled by marketing consultancy Resonance in collaboration with market research company Ipsos, ranks cities on what it defines as their livability, lovability and prosperity, all totting up to an overall score. The top 10 “most lovable” is a who’s who of must-visit metropolises, six of which are in Western Europe. Disney’s newest cruise shipVideo Ad Feedback We got an inside look at Disney's newest cruise ship 02:39 - Source: CNNDisney says it takes about five years and thousands of people to build a ship like Disney Treasure, the newest offering in its cruise line.

Organizations: CNN, London wows, London, United Airlines, British Airways, American Airlines and United, CNN Disney, Disney, LAX, puma Locations: London, Western Europe, lovability, Paris, New York, Tokyo, Rome, Barcelona, Spain, Madrid, Dubai, Berlin, there’s Singapore, Greenland, Nuuk, Newark , New Jersey, Britain, North Korea

☆ Israel's powerful air defense systems look increasingly vulnerable to attack
▼ + stars: | 2024-11-30 | by ( ) www.businessinsider.com time to read: +6 min

"The Israeli Air Force does continue to rule the skies, but under the noses of the advanced fighter jets, a new air layer has been created." Above all, it strives to locate, endanger, and destroy key elements of the air defense system itself." "The degree of mobility, protection and hiding ability of the Israeli air defense system is inadequate. Unlike similar systems in the world, our air defense system was not built with synchronization as a critical goal." Meanwhile, the IDF's air defense corps switched its focus from anti-aircraft to missile defense.

Persons: Eran Ortal, Ran Kochav, Israel —, Ortal, Kochav, Ariel Schalit, Michael Peck Organizations: Sadat Center, Strategic Defense, Bar, Ilan University, Israeli Air Force, Air Force, Hezbollah, Arrow, AP, Israel's Air Force, IDF, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, Tel Aviv, Iran, Britain, Lebanon, Ukraine, Soviet, Kippur, Syrian, Forbes

LONDON — British lawmakers voted on Friday in favor of a landmark bill that would for the first time help terminally ill adults end their lives. Assisted suicide is currently illegal in Britain and carries a prison sentence of up to 14 years. While the current prime minister Keir Starmer has previously opposed assisted dying, he has not said how he plans to vote Friday. But former-Conservative Prime Minister David Cameron this week said that he had reversed his opposition to the U.K. bill. The former prime minister wrote that the bill would apply to a very small number of cases and that “the NHS exists to serve patients and the public, not the other way around.”

Persons: —, Kim Leadbeater, James Manning, “, ” Gordon Macdonald, YouGov, Keir Starmer, Esther Rantzen, Switzerland …, ”, …, Gordon Brown, — Theresa May, Boris Johnson, Liz Truss, David Cameron, Cameron, Wes Streeting — Organizations: LONDON, Labour Party, Getty, Sky News, Labour, Conservative, The, London, National Health Service Locations: Canada, Australia, England, Wales, Britain, London, Netherlands, U.K, Switzerland, The Times

☆ British lawmakers give initial support to assisted dying bill
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

The Houses of Parliament are seen on June 28, 2024 in London, England ahead of the UK general election. Britain's parliament voted in favor of a new bill to legalize assisted dying on Friday, opening the way for months of further debate over an issue that has sparked a national conversation over dignity in death and end-of-life care. "There's plenty of time to get this right," she said after more than four hours of often emotional debate in the chamber. Those in favor of the bill say it is about shortening the death of those who are terminally ill and giving them more control. Others expressed concern that there had not been enough time to consider the bill before voting.

Persons: Britain's, Kim Leadbeater, we'll, Danny Kruger Organizations: Labour, BBC, Conservative, Sky News Locations: London, England, Wales

☆ Princess of Wales is about to undertake her biggest engagements since returning to duties
▼ + stars: | 2024-11-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

London CNN —Next week, Catherine, Princess of Wales is set to make her biggest return to royal duties since revealing that she had completed her chemotherapy treatment earlier this year. It’s a welcome signal if we remember that the Princess of Wales was forced to skip a state visit by the Emperor and Empress of Japan in June as she was undergoing chemotherapy. Max Mumby/Indigo/Getty ImagesThe extravagant procession will be followed by lunch at Buckingham Palace and a cultural exhibition. Preparations in the ballroom at Buckingham Palace on June 25, 2024, ahead of a state banquet during the three-day visit by Japan's emperor and empress to Britain. She also missed the annual Diplomatic Corps reception at Buckingham Palace last week, which was held to celebrate foreign diplomats in London.

Persons: Catherine , Princess, Kate, Prince William, Princess, Wales, Emperor, Emir Sheikh Tamim bin Hamad Al Thani, Sheikha Jawaher, King Charles, Queen Camilla, King Charles III, Emperor Naruhito, Empress Masako of Japan, Max Mumby, Prince of Wales, Sheikha, It’s, Aaron Chown, ” Organizations: CNN’s Royal, London CNN, Horse Guards, Qatari, Household Cavalry, Buckingham Palace, Royal Collection Trust, Westminster Abbey, Britain’s, Getty, Buckingham, Kensington Palace, CNN Locations: London, Qatar, United Kingdom, Buckingham, Japan, St, Westminster, Britain, AFP, Southport

☆ UK Lawmakers Vote to Legalize Assisted Dying After Emotional Debate
▼ + stars: | 2024-11-29 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

After an emotive and at times impassioned debate, Britain’s lawmakers on Friday voted to allow assisted dying for terminally ill patients in England and Wales under strict conditions, opening the way to one of the most profound social changes in the country in decades. By 330 votes to 275, members of Parliament gave their support to a bill that would permit doctors to help some terminally ill patients to end their lives. Friday’s vote was not the final say on the matter for Parliament, as it will now be scrutinized in parliamentary committees and amendments to the bill may be put forward. The new legislation would apply to a narrow group: Applicants would have to be over 18, diagnosed with a terminal illness and have been given no more than six months to live. Two doctors and a judge would be required to give their approval, and the fatal drugs would have to be self-administered.

Locations: England, Wales

☆ UK transport minister quits in new blow to PM Starmer
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

Britain's transport minister Louise Haigh has resigned after pleading guilty years ago to an offence in connection with misleading police over a work mobile phone, in another blow to Prime Minister Keir Starmer. Starmer thanked Haigh for her work and for all she had done "to deliver this government's ambitious transport agenda". The opposition Conservative Party said Haigh had "done the right thing" but asked why Starmer had appointed her when he was apparently aware of her fraud conviction. "The onus is now on Keir Starmer to explain this obvious failure of judgment to the British public," a spokesperson for the Conservative Party said in a statement. Haigh's resignation is yet another blow to the Labour leader, who has seen his party's approval ratings plunge since July.

Persons: Louise Haigh, Keir Starmer, Haigh, Starmer, Jeremy Corbyn Organizations: Conservative Party, Labour Locations: Starmer's

☆ Bank of England warns of risks from rise in global trade barriers
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. While U.K. households, businesses and banks appeared to be in good shape, the BoE report said, Britain's financial sector faced risks that were "particularly relevant" given the openness of the U.K. economy. "Uncertainty around, and risks to, the outlook have increased," the report said. Bailey also stressed the importance of minimum international financial standards in the wake of the Nov. 5 U.S. election.

Persons: Andrew Bailey, BOE, Donald Trump, BoE, Bailey, Trump, Rachel Reeves Organizations: Bank of England, City of, The Bank of England, U.S, Trump Locations: City, City of London

☆ UK lawmakers vote to allow assisted dying
▼ + stars: | 2024-11-29 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

London CNN —British members of parliament have voted to legalize assisted dying, approving a contentious proposal that would make the United Kingdom one of a small handful of nations to allow terminally ill people to end their lives. The bill must still clear the House of Lords and parliamentary committees, but Friday’s vote marked the most important hurdle. Canada, New Zealand, Spain and most of Australia allow assisted dying in some form, as do several US states including Oregon, Washington and California. MPs were given a free vote on the issue, meaning they can support either side according to their conscience, with no political ramifications. Polling indicates that a comfortable majority of the public supports assisted dying.

Persons: Esther Rantzen, ” Rantzen, ”, ” Rachael Maskell, Rantzen, Jordan Pettitt, Tristan Osborne, Maskell, “, we’ve Organizations: London CNN, BBC, Labour, CNN, Health Service Locations: United Kingdom, Britain, Canada , New Zealand, Spain, Australia, Oregon, Washington, California, Westminster, Switzerland, Netherlands, Canada, England, Wales

☆ Buy a building, get a Banksy. ‘Well Hung Lover’ Bristol property goes on sale
▼ + stars: | 2024-11-28 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

London CNN —A Banksy mural in Bristol, southwestern England, is set to be sold at auction next year, along with the building it was created on. “Well Hung Lover” was painted on the side of a building on Bristol’s Frogmore Street in 2006, with the city’s residents later voting to keep the mural. The building, which once housed a sexual health clinic, will be put up for auction by Hollis Morgan, an estate agency and auction house in Bristol. While the future owner has to ensure the “Well Hung Lover” stays put, they have no obligation to maintain it. Last year, a Banksy mural in Dover, southern England, valued at around £1 million ($1.2 million), was lost for good after the building it was painted on was knocked down.

Persons: London CNN —, Hollis Morgan, ”, weathers, it’s Organizations: London CNN, European Union, Britain Locations: Bristol, England, Dover

☆ Oxford University Names William Hague Its New Chancellor
▼ + stars: | 2024-11-27 | by ( Amelia Nierenberg | ) www.nytimes.com time to read: 1 min

The University of Oxford announced on Wednesday that William Hague, a former leader of Britain’s Conservative Party, will be its next chancellor. Mr. Hague, 63, was chosen in an online vote of about 25,000 Oxford alumni and staff members. He will begin his 10-year term early next year and will serve as Oxford’s 160th chancellor. The role is largely ceremonial but also involves advocacy and fund-raising work, the university said. A zumba teacher and an “anti-woke” Anglican clergyman were among those who cast their hats into the ring.

Persons: William Hague, Elish Angiolini, Mr, Hague, ” Mr, ” Organizations: University of Oxford, Britain’s Conservative Party, Oxford Locations: Oxford

☆ Britain's finance watchdog requires 'fundamental reform,' UK Conservative MP says
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBritain's finance watchdog requires 'fundamental reform,' UK Conservative MP saysBob Blackman, U.K. Conservative MP for Harrow East, weighs in on parliamentarians' calls for "fundamental reform" of the U.K.'s Financial Conduct Authority following a highly critical report.

Persons: Bob Blackman Organizations: Conservative, Harrow East, Authority

☆ Compassion or Coercion? Britain’s Emotional Debate Over Assisted Dying.
▼ + stars: | 2024-11-27 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Sarah Tarlow had a sense that something was wrong as soon as she opened her front door and called out to her bedridden husband upstairs. Instead of the sound of the radio that normally echoed from his room, the house was engulfed in silence. “I think it was enormously brave what he did. I’m not sure I could be that brave,” Ms. Tarlow, a professor of historical archaeology at Leicester University, said while sipping coffee at her home in a snow-covered village 30 miles from Leicester, in England’s Midlands. “I think it was a courageous thing, I think it was a loving thing.”

Persons: Sarah Tarlow, Mark Pluciennik, Pluciennik, Tarlow, I’m, Ms Organizations: Leicester University Locations: Britain, Leicester, England’s Midlands

☆ Mother who kept baby hidden in drawer for three years jailed
▼ + stars: | 2024-11-27 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

CNN —A mother who kept her baby daughter in a drawer under her bed for almost three years has been jailed for seven and a half years in Britain. He went on to tell the court that the little girl was left alone when her mother went to work, took the other children to school and even when she went to stay with relatives over Christmas. He alerted family members and later that day social services attended the property, where they found the girl in a drawer. When confronted, the mother “did not show any emotion and appeared blasé,” the social worker told the court in a statement. During an interview with police, the woman said had not known she had been pregnant and was “really scared” giving birth.

Persons: –, “, ”, Steven Everett, Siôn, Mihangel, Ap Mihangel, Matthew Dunford Organizations: CNN, Chester Crown, PA Media, ” Locations: Britain, England, Cheshire

Back in 2006 in Italy, newly elected Vladimir Luxuria was briefly barred from using the ladies' room when she took her seat in Parliament. "What is happening to Sarah McBride is rank politics." "So I am very sympathetic to Sarah McBride." During her four years in the Polish Parliament, Grodzka also faced verbal attacks and was repeatedly misgendered by fellow Polish lawmaker Krystyna Pawlowicz. In recent years — nearly a decade after she left Parliament — Grodzka is still occasionally on the receiving end of personal attacks from Polish lawmakers, as the country's right-wing has embraced anti-LGBTQ sentiments.

Persons: Sarah McBride, Vladimir Luxuria, McBride, Nancy Mace, Donald Trump, ”, Mace, Mike Johnson, Sarah McBride Bill Clark, Getty Images McBride, ” Luxuria, Georgina Beyer, Anna Grodzka, Luxuria, Elisabetta Gardini, Silvio Berlusconi, Gardini, huff, Kamala Harris ’, Biden, Harris, Grodzka, Krystyna Pawlowicz, “ Krystyna, Grodza, — Grodzka, Beyer, “ Organizations: U.S . Congress, NBC News, South Carolina Republican, Republican, Trump, Getty Images, NBC, Republicans, NFL, Pink News Locations: Italy, Delaware, Rome, New Zealander, Polish, Britain

☆ Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +4 min

Millions of Americans with obesity would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. Some people may already get coverage of the drugs through Medicare or Medicaid if they have diabetes or are at risk for stroke or heart disease. Becerra estimated that an additional 3.5 million people on Medicare and 4 million on Medicaid could qualify for coverage of the drugs. But research suggests far more people might qualify, with the Centers for Medicare and Medicaid Services estimating roughly 28 million people on Medicaid are considered obese. In speeches and on social media, he's said the U.S. should not cover the drugs through Medicaid or Medicare.

Persons: Wegovy, Biden, Robert F, Kennedy Jr, Donald Trump's, Xavier Becerra, Trump, Becerra, Eli Lilly, Zepbound, Kennedy, he's Organizations: Novo Nordisk, U.S . Department of Health, Human Services, U.S . Health, Associated Press, Medicare, Centers, Services, Food and Drug Administration Locations: London, Britain, U.S, Novo

☆ Russia expels British diplomat for alleged espionage
▼ + stars: | 2024-11-26 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —Russia expelled a British diplomat who worked at the embassy in Moscow Tuesday, accusing him of spying, marking the latest blow to the two countries’ worsening diplomatic relations. Russia’s Federal Security Service (FSB) alleged that the British diplomat intentionally provided false information to enter the country as a cover for espionage work, “thereby violating Russian law,” according to state media TASS. The Russian Foreign Ministry subsequently revoked the diplomat’s diplomatic accreditation and ordered him to leave Russia within two weeks, TASS reported. Russia’s FSB claimed the diplomat was sent to Moscow to “replace” one of six alleged British intelligence officers that Russia expelled this summer. Meanwhile, Russia launched a “record” 188 drone attacks on Ukraine overnight, according to the Ukrainian Air Force on Tuesday.

Persons: “, Vladimir Putin, Clare Sebastian, Maria Kostenko Organizations: London CNN —, Federal Security Service, Russian Federation, ” TASS, Russian Foreign Ministry, TASS, CNN, British Foreign Office, FSB, Reuters, Ukrainian Air Force, Air Force Locations: London CNN — Russia, British, Moscow, Russian, Russia, Britain, Ukraine, Western, Ukrainian, Ternopil, Kyiv

☆ George Stubbs dog painting expected to sell for up to $2.5 million at auction
▼ + stars: | 2024-11-26 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

London CNN —A painting by British artist George Stubbs is expected to sell for up to £2 million ($2.5 million) in London next week, as it comes to auction for the first time in more than 50 years. “The Spanish Pointer” is the artist’s earliest dog painting and is considered one of his most famous pieces of work, according to Sotheby’s. “The Spanish Pointer” also went on to become a popular painting, with Stubbs creating two versions of it and several copies being produced. The painting depicts a breed of the pointer dog, which was introduced to England from Spain in the early 18th century. “The Spanish Pointer” will be available to view in Sotheby’s exhibition of old master and 19th century paintings until early December.

Persons: George Stubbs, ‘, ’ ”, Julian Gascoigne, Stubbs, Gascoigne, catapulting, ” Gascoigne, “, Pointer ”, ”, Pointer Organizations: London CNN, of Sports, CNN, Tate Locations: British, London, Spanish, Munich, England, Spain, Europe

☆ Hong Kong’s Top Court Upholds Rights of Same-Sex Married Couples
▼ + stars: | 2024-11-26 | by ( Tiffany May | More About Tiffany May | ) www.nytimes.com time to read: +1 min

Hong Kong’s top court ruled on Tuesday to uphold inheritance and public housing benefits for same-sex married couples, a decision that supporters hailed as an important step toward expanding gay rights in the territory. Hong Kong does not recognize same-sex marriage, but the rulings brought an end to two protracted legal battles involving couples who married overseas. Nick Infinger, who married his husband in Canada, sued Hong Kong’s Housing Authority in 2018 after their joint application for public housing was denied. Mr. Ng died in 2020, and lower courts subsequently ruled in his favor. His husband, Henry Li, contested the Hong Kong government’s efforts to appeal those rulings.

Persons: Hong, Nick Infinger, Edgar Ng, Ng, Henry Li Organizations: Hong, Housing Authority Locations: Hong Kong, Canada, Britain

☆ Britain's finance watchdog sets out plan to implement crypto regulation regime by 2026
▼ + stars: | 2024-11-26 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

The British financial services watchdog on Tuesday set out a plan to implement a wide-reaching regulatory regime for the cryptocurrency industry by 2026. The Financial Conduct Authority (FCA), which oversees banking and investment products in the U.K., unveiled a timeline detailing key dates and milestones it's working toward on its regulatory roadmap for crypto. In the fourth quarter, the regulator will launch discussion papers on the rules governing the issuance and custody of stablecoins, as well as admission and disclosure processes and how to tackle market abuse. In the first half of 2025, the FCA said it plans to launch papers on trading platforms, intermediation, lending, prudential crypto exposure and so-called staking rewards offered by firms on users' token holdings.

Organizations: Financial Conduct Authority, prudential

☆ Starbucks Among Companies Affected by Ransomware Attack
▼ + stars: | 2024-11-26 | by ( Ali Watkins | ) www.nytimes.com time to read: +1 min

A ransomware attack against a supply chain manager has snarled payroll and scheduling services for prominent international companies, including Starbucks and one of Britain’s largest grocery store chains. Blue Yonder is an Arizona-based company that provides software for thousands of companies to manage their supply chains from planning to fulfillment and delivery. Last week, the company “experienced disruptions to its managed services hosted environment, which was determined to be the result of a ransomware incident,” Blue Yonder said in a statement. Blue Yonder did not immediately respond to a request for comment. The company has not detailed which of its clients or services have been impacted by the attack.

Organizations: Starbucks Locations: Arizona

☆ Elon Musk brands Britain a 'tyrannical police state' and boosts far-right activist
▼ + stars: | 2024-11-25 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

LONDON — He’s branded one U.S. ally's government “fascists” and another leader a “fool.” Now, Elon Musk has labeled Britain a “tyrannical police state” while endorsing calls for a new election and boosting a video from a jailed far-right activist. "The people of Britain have had enough of a tyrannical police state," Musk posted on his X platform, quoting a post about an online petition calling for another election that has now reached 2 million signatures. As Starmer's government works to overcome its own past public comments and build relations with Trump, Musk continues to attack it. Musk, who is known for picking fights online and retweeting far-right posts, also shared a post Saturday by Robinson — the jailed far-right activist and founder of the anti-immigrant English Defence League. Britain is not the only U.S. ally Musk has assailed publicly in recent weeks.

Persons: ”, Elon Musk, Musk, Donald Trump, Keir Starmer, Tommy Robinson, Taylor Swift, Stalin, Joseph Stalin, Robinson —, Robinson, Mark Kerrison, Starmer, Australia's, Olaf Scholz Organizations: Labour Party, Trump, NBC News, English Defence, Getty, Elon, Politico Locations: Britain, Soviet, British, London

☆ UK financial regulator fines Barclays $51 million over disclosures related to Qatar dealings
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +1 min

One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Britain's financial regulator said on Monday it had fined Barclays 40 million pounds ($50.9 million) in total for its failure to disclose certain arrangements with Qatari entities in 2008. The fine by the Financial Conduct Authority dates back to the height of the 2008-9 financial crisis, when Barclays scrambled to raise funds from overseas investors including Qatar in order to avoid a state bailout. The FCA at the time fined Barclays 50 million pounds, which the bank appealed. The interests of the bank, its shareholders and other stakeholders were best served by the withdrawal, Barclays said, adding that there was no material financial impact from the fine.

Organizations: Barclays Plc, Barclays, Financial Locations: Canary, London, Qatar

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