China Tells Ant to Return to Payments Services Origins

Chinese regulators order Jack Ma’s fintech behemoth Ant Group Co. to return to its roots as a provider of payments services. The central bank summoned Ant executives over the weekend and told them to "rectify" the company’s lending, insurance and wealth management services.

#Jack Ma #ANT

Add Comment

£23m Approved for A595 Road Scheme in Cumbria: Boosting Infrastructure and Employment Growth

Approval for a £23.1 million funding has been granted by the Department for Transport (DfT) for the construction of a new 1.4km (0.8-mile) section of road on the A595 between Ch...

AI-Generated Scams: How Fraudsters Use Fake Celebrity Articles and Paid Facebook Ads to Promote Crypto Investment Schemes

A writer explains that they have been falsely represented as conducting interviews with famous people, such as Zoe Ball, Jeremy Clarkson, and Chris Tarrant, about making large s...

UK Businesses Warn of 'Devastating' Impact from Potential US TikTok Ban

A TikTok ban in the US, as a result of a new law signed by President Biden, could negatively impact around 1.5 million UK businesses that use the app, particularly those that re...

UK Defence Secretary Urges Nato Nations to Match 2.5% Defence Spending Target at Upcoming Summit

The UK's Defense Secretary, Grant Shapps, has called on all NATO countries to increase their defense spending to 2.5% of their GDP. He made this statement ahead of the NATO's 75...

Ofcom Allows Nigel Farage to Host GB News Show During Election, Stops Short of Ban

Nigel Farage will be permitted to host his GB News show during the UK general election, according to media regulator Ofcom.

Deputy Labour Leader Angela Rayner Urges Ministers to Prioritize Housing Reforms Over Her Sale, Criticizes Dowden at PMQs

Deputy Labour leader Angela Rayner criticized the government for focusing on her house sale investigation instead of addressing housing reforms, specifically no-fault evictions ...

Minister Pledges to Publish Long-Hidden Study on Carers' Fines Impact

The Department for Work and Pensions (DWP) conducted a study five years ago in response to criticism over the emotional and financial impact of fines and prosecutions on unpaid ...

Barbados Prime Minister Halts £3m Payout to UK MP for Controversial Plantation Land Purchase: Reparations Movement Reacts

Barbados Prime Minister Mia Mottley has halted a £3 million payout to UK MP Richard Drax for the sale of 53 acres of his Drax Hall plantation in Barbados.

Sunak Defends Defense Spending Increase: No Tax Hikes or Deep Cuts, Only Civil Service Reductions

Rishi Sunak, the UK's Chancellor of the Exchequer, has stated that he will not avoid making budget cuts to increase defense spending, which is a commitment to reach 2.5% of GDP ...

Northern Music Awards: Lisa Stansfield Calls for More Support for Emerging Talents Amid Government's 'Disgusting' Policies

The Northern Music Awards, held in Manchester and organized by the music therapy charity Nordoff and Robbins, saw top artists such as Lisa Stansfield, New Order, Gary Neville, a...

Labour Announces Five-Year Plan for Rail Nationalisation: Cheapest Fares, Reforms, and Productivity Gains

Labour plans to nationalize the UK's passenger rail network within five years of forming a government.

Nurse Kelvin Ramasta Jailed for £100k Theft from Elderly Patients

A nurse named Kelvin Ramasta, 30, was sentenced to four years and six months in prison for stealing over £100,000 from elderly and vulnerable patients at Addenbrooke's Hospital ...

Beautiful Virgin Islands