FCA

UK Banking Watchdog Launches Investigation Into Barclays Following Major IT Outage

5 months ago

In a significant development within the UK banking sector, the Financial Conduct Authority (FCA) has opened an investigation into Barclays Bank in response to a significant IT outage that disrupted services and inconvenienced thousands of customers. The incident, which occurred recently, raised concerns about the bank's operational resilience and its commitment to providing reliable service to its clientele.

Netflix's Sarandos Feared 'House of Cards' Could Result in His Firing

10 months ago

In a recent interview, Netflix's co-CEO, Ted Sarandos, said he was highly apprehensive about the consequences of giving the go-ahead to the first groundbreaking series "House of Cards." Original content at the time was dicey for streamers; Sarandos knew failure for the show could mean a firing line from the company.

Bank of Canada's Tiff Macklem Warns AI Could Fuel Inflation by Boosting Demand

10 months ago

In a surprising revelation by Tiff Macklem, the Governor of the Bank of Canada, an unlikely player is making its presence felt in the economic domain: artificial intelligence. In one speech, as he made this very aspect emphatic, Macklem underlined the belief that AI might have a surprisingly strong impact on driving up prices due to increasing consumer demand for goods. This interesting study comes as policymakers and economists worldwide dissect the diverse impacts of technological advancement on economic frameworks.