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Crypto firms operating in UK to be subject to sweeping new rules

City regulator will require booming industry to prove its resilience to risk from October next yearCrypto firms operating in the UK will be forced to prove they can weather market shocks and hold capital against risky assets as part of sweeping new rules announced by the Financial Conduct Authority (FCA).The regulations will increase supervision of the crypto industry, which has so far has faced minimal oversight despite a boom in popularity linked to social media influencers and a legitimisation drive under the US president, Donald Trump. Continue reading...

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England to get powerful maternity commissioner after ‘shocking’ failings

Health secretary announces move after Amos review finds childbirth and neonatal care in need of ‘urgent reform’Analysis: Transparency, standards and a new commissioner – but does maternity review go far enough?A powerful maternity commissioner will be appointed to push through an urgent transformation of childbirth care in England after a major review concluded that it had multiple failings.Ministers have bowed to growing pressure by agreeing to recruit the UK’s first commissioner for maternity and neonatal care. Whoever takes on the role will pursue hospitals over persistent failures in care, ensure wide-ranging improvements are made and try to restore the faith of families in a maternity system in England that has been rocked by a series of scandals.Maternity triage services – the childbirth equivalent of A&E – need an urgent overhaul, including more staff on duty, so that women’s concerns are acted on more quickly.Families should get the right to seek a fresh, independent investigation when things go wrong if they are not happy with the hospital’s own inquiry.The NHS’s “brutal” and “cruel” system of agreeing compensation with harmed and bereaved families should be replaced by a new process in which hospitals admit errors immediately.The NHS must root out racism and discrimination that is “embedded throughout the maternity and neonatal system”. Continue reading...

Transparency, standards and a new commissioner – but does the maternity review go far enough?

Amos review sets out recommendations for government, but falls short on systemic racism and traumatic birthsEngland to get powerful maternity commissioner after ‘shocking’ failingsThe findings of Lady Amos’ review into maternity and neonatal services across England, which state the system is ultimately no longer fit for purpose, are unsurprising. The systemic failures and inadequacies of these services have been uncovered in several reports already, including Donna Ockenden’s review of the “toxic” Nottingham NHS trust published last week.But what this report does offer are a set of recommendations for the government to implement. Amos states that if they were to be delivered in full then “the overall safety and quality of maternity and neonatal care in England will be materially and sustainably improved”. But how far do these recommendations go, and what will it take for them to be implemented? Continue reading...

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Monaco explosion injures three and triggers police hunt

Two people said to be in critical condition after CCTV shows man dropping backpack at residential building lobbyAn explosion in Monaco has triggered a police hunt for a man suspected of detonating a makeshift bomb that injured three people.The blast occurred on Monday evening in the semi-enclave famous for casinos and superyachts, French media reported. Continue reading...

Trump Says Iran Requested Meeting Tomorrow, Tehran Denies Claim

The US president has tried to preserve an increasingly fragile interim deal as hostilities have mounted in recent days in the Strait of Hormuz, through which a fifth of the world's oil had been shipped before war began.