IMF warns AI cyberattacks could trigger global financial crisis May 8, 2026 Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
City calls on tech firms to tackle Britain’s fraud epidemic May 8, 2026 Canada Corporation is calling on tech firms to help build a new digital identity verification network, designed to crack down on fraud and reduce the growing costs of financial scams. Under the plans, shared with CityAM, consumers would verify their identity once with a trusted provider before reusing those credentials across [...]
Samsung workers threaten strike over AI profits as market value hits $1 trillion May 7, 2026 Samsung Electronics is facing the threat of a major worker walkout, after unions demanded a bigger share of the company’s AI-fuelled semiconductor profits. Two Samsung unions are pushing for a seven per cent pay rise and a bonus scheme worth 15 per cent of each division’s operating profits, with workers threatening an 18-day strike later [...]
Britain is using AI, but wants a human boss May 6, 2026 Brits are rapidly folding AI into everyday life, but remain wary of letting it make decisions on its own, according to new EY research that points to a trust problem at the heart of the UK’s AI push. EY’s AI recent sentiment index found 74 per cent of UK consumers have used AI in the [...]
Exclusive: Deliveroo software engineers hand coding to AI agents May 6, 2026 Deliveroo software engineers are almost fully letting AI agents write their code, with one employee telling CityAM they have barely coded manually for almost a year as the food delivery giant embraces ‘agentic’ workflows. The London-listed firm is among a growing number of tech firms rapidly evolving software engineering roles around AI, as developers [...]
Local elections 2026: who will win in Hounslow Council? May 6, 2026 Labour is favourite to hold Hounslow Council in May 2026 – but only just. Reform UK is contesting all 62 seats, the Greens are targeting Chiswick, and independents are standing across the borough, as Band D council tax hits £2,185. With turnout typically low, even small shifts in vote share could reshape individual wards. Hounslow [...]
Local elections 2026: who will win in Hillingdon Council? May 6, 2026 CLICK HERE to view all the latest London election results The Conservatives have run Hillingdon since 2006 but their majority is slipping. Reform is targeting the Leave-voting area hard, a 4.99 per cent council tax rise is biting, and a £65m Heathrow-linked funding gap is straining local services. No overall control seems to be a [...]
Local elections 2026: Reform take control of Havering council amid wins across UK May 6, 2026 Reform UK have gained the London borough of Havering from no overall control. This is a notable result for Nigel Farage’s party, and the first prize from their strategy of targeting suburban areas on London’s outskirts. Other target areas include Barking, Bromley and Bexley – and it remains to be seen whether this win can be replicated [...]
Local elections 2026: who will win in Harrow Council? May 6, 2026 The Conservatives’ last London stronghold faces its toughest test yet. Four consecutive 4.99 per cent council tax rises, a cumulative 20 per cent hike adding nearly £500 to Band D bills, have handed Labour a powerful attack line. A candidate suspension over offensive social media posts has added damaging scrutiny in one of London’s most [...]
Local elections 2026: who will win in Haringey Council? May 6, 2026 CLICK HERE to view all the latest London election results Labour’s 50-year hold on Haringey appears to be crumbling. The Green Party is surging after a 55 per cent by-election win in St Ann’s, Lib Dems are targeting wealthier wards, and a controversial Finsbury Park events deal, school funding crisis and four years of council [...]
