Klarna clampdown: Regulation of buy now, pay later credit firms due within weeks

Plans to regulate Britain’s booming £2.7billion buy now, pay later industry will be released within weeks, This is Money understands. A consultation on draft regulation affecting platforms like ClearPay, Klarna, Laybuy and PayPal is expected to be published in early May, after an amendment to credit legislation was passed in parliament this week. A Financial … Read more

Lack of regulation will create a ‘Wild West in SPACE’ warns expert

The world is heading for a ‘wild west’ free for all in space that could lead to disaster as firms fight for every scrap of resource in low Earth orbit, an expert has warned.  Paul Kostek, a space policy specialist from the Institute of Electrical and Electronics Engineers (IEEE), says global agreement is ‘highly unlikely’ anytime … Read more

Channel 4 chief calls for regulation of ‘partisan’ social media

The boss of Channel 4 today called for the regulation of ‘partisan’ social media and claimed that online content can pose a ‘huge danger’ to young people.  Chief executive Alex Mahon told an event for the release of a report on levels of public trust that political polarisation is being fuelled by social media content … Read more

Channel 4 chief calls for regulation of ‘partisan’ social media

The boss of Channel 4 today called for the regulation of ‘partisan’ social media and claimed that online content can pose a ‘huge danger’ to young people.  Chief executive Alex Mahon told an event for the release of a report on levels of public trust that political polarisation is being fuelled by social media content … Read more

Bitcoin slumps 10% to a ten-day low, amid fears of tighter regulation

Bitcoin slumps 10% to a ten-day low, amid fears Biden’s administration will bring in tighter regulation By Daily Mail City & Finance Reporter Published: 21:50 GMT, 21 January 2021 | Updated: 21:50 GMT, 21 January 2021 Bitcoin slumped 10 per cent to a ten-day low, retreating further from record highs, with traders citing fears of … Read more

Campaigners want more regulation of pay later services like Klarna

New guidelines to tighten up advertising ‘buy now, pay later’ services like Klarna have been welcomed by campaigners – but they called for tougher rules to stop more consumers falling into debt. Delayed payment providers have been asked to revamp their marketing by next March to ensure users are not being misled and were aware … Read more

HENRY DEEDES watches the Prime Minister laying down more coronavirus rules and regulation

To think that just a week ago he was a brandisher of boosterism, a purveyor of positivity, all whizzbang fizz and sparkle. Turns out that pingier-than-propane conference speech of Boris Johnson’s was just a false dawn.  A day-out distraction from death tolls, infection rates and all the other daily horrors that have become the new … Read more

HENRY DEEDES watches the Prime Minister laying down more coronavirus rules and regulation

To think that just a week ago he was a brandisher of boosterism, a purveyor of positivity, all whizzbang fizz and sparkle. Turns out that pingier-than-propane conference speech of Boris Johnson’s was just a false dawn.  A day-out distraction from death tolls, infection rates and all the other daily horrors that have become the new … Read more

Boeing disasters caused by poor design and failed regulation, report says

Two Boeing plane crashes that killed 346 people in five months were the ‘horrific culmination’ of design flaws, poor government oversight and a lack of action by the planemaker, investigators have said.  Boeing and the Federal Aviation Administration were both criticized in a scathing report by the House Transportation Committee after the crashes in Indonesia in … Read more

Boeing disasters caused by poor design and failed regulation, report says

Two Boeing plane crashes that killed 346 people in five months were the ‘horrific culmination’ of design flaws, poor government oversight and a lack of action by the planemaker, US investigators have said.  Boeing and the Federal Aviation Administration were both criticized in a scathing report by the House Transportation Committee after the crashes in … Read more