Remote purchase fraud surges 14%, says banking industry

The UK economy lost £1.17bn to payment fraud in 2024, with a steep increase in unauthorised remote purchases. Remote purchase fraud, which sees criminals use stolen card details to make unauthorised purchases online, over the phone or through mail order, was reported to have occurred 2.6 million times last year, costing about £400m. These … Read more

Sudden escalation of trade tensions sends shockwaves through global economy

Tariff-driven price pressures are adding to inflation risks, leaving trade-dependent economies particularly vulnerable. Higher tariffs and shifting trade policies are threatening to disrupt global supply chains, raise production costs, and delay key investment decisions – all of this weakening the prospects for global growth. General slowdown The economic slowdown is widespread, affecting both developed and … Read more