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Bank chiefs to Reeves: Ditch ring-fencing to boost UK economy
2025-05-11 01:45:04| Spiritual Career Counseling
The bosses of four of Britain's biggest banks are secretly urging the chancellor to ditch the most significant regulatory change imposed after the 2008 financial crisis, warning her its continued imposition is inhibiting UK economic growth.Sky News has obtained an explosive letter sent this week by the chief executives of HSBC Holdings, Lloyds Banking Group, NatWest Group and Santander UK in which they argue bank ring-fencing "is not only a drag on banks' ability to support business and the economy, but is now redundant". The CEOs' letter represents an unprecedented intervention by most of the UK's major lenders to abolish a reform which cost them billions of pounds to implement and which was designed to make the banking system safer by separating groups' high street retail operations from their riskier wholesale and investment banking activities.Their request to Rachel Reeves, the chancellor, to abandon ring-fencing 15 years after it was conceived will be seen as a direct challenge to...
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Employment
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Yikes! Indiana Mans Night Goes Tragically Left After His 'Date' Allegedly Reveals Her True Motive...
2025-05-10 17:45:04| Spiritual Career Counseling
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Employment
Microsofts Quantum Computing Breakthrough: Majorana 1
2025-05-10 17:45:04| Spiritual Career Counseling
The race to build practical quantum computers has intensified as technology companies seek to overcome fundamental challenges in quantum physics.These machines promise to solve complex problems in chemistry, materials science and drug development that remain beyond the reach of classical computers.Yet whilst leading tech companies like Google and IBM have taken major steps in quantum computing advancement, including using superconducting circuits to create quantum bits and trapped-ion systems, these systems face challenges with stability and scalability that have limited their practical applications.Now, taking the next step in quantum computings evolution, Microsoft has unveiled a quantum processor that it says marks a shift in the development of large-scale quantum computers, but through a different technical approach.Microsofts Majorana breakthrough harnesses new materialMicrosofts Majorana 1 chip uses a new architecture called Topological Core that Microsoft claims will enable q...
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Employment