LATEST NEWS

The FCA and the Bank of England's PRA have proposed easing the Senior Managers and Certification Regime, scrapping annual checks for around 139,000 finance workers and saving firms an estimated £2 billion. Alex and Jordan unpack the consultation, what stays the same for top executives, and why the City is watching closely.

Police Scotland raided the former Ambassador Bar on Clepington Road in Dundee and uncovered a cannabis cultivation inside the disused pub. Alex and Jordan report on the morning's dramatic scenes, the two-year-empty building, and the ongoing enquiry with no arrests yet.

The Metropolitan Police arrested 42 people and issued closure notices for 11 shops in a two-week crackdown on rogue retailers suspected of reselling stolen goods across London. Alex and Jordan walk through Operation Zoridon, the forensic tracing tactics, and the warning to criminals profiting from retail crime.

Germany's regulator BaFin has revoked the banking license of Bank Saderat Iran's Hamburg branch and ordered its liquidation amid tightening sanctions. Alex and Jordan explain the crackdown on Iranian state banks in Europe, from the earlier Bank Sepah insolvency to Tehran's deepening financial isolation.

UK inflation rose to 3.5 percent in September as fuel prices surged and public debt passed £3 trillion, while banks prepare for a wave of unpaid debts. Alex and Jordan break down the ONS figures, the expected £4 billion in loan-loss provisions, and what it all means ahead of next week's autumn budget.

Britain said on October 22 it will for the first time use RAF Chinook helicopters and A400M aircraft to fight wildfires after its hottest summer on record. Alex and Jordan break down the 45 million pound response package and the new AI wildfire unit.

The Kuwait-flagged tanker M/T Al Dasma was struck by an unknown projectile near the Strait of Hormuz on October 21, sparking a fire that was brought under control; all 21 Indian crew are safe. Alex and Jordan report on the latest in the string of shipping attacks.

Iranian security chief Mohsen Rezaei told Pakistan's army chief Asim Munir on October 20 that not a bit of Iran's enriched uranium will leave the country, and set conditions for any talks with the US. Alex and Jordan explain why the standoff blocks a nuclear deal.

Severe thunderstorms brought 60 mph gusts, large hail and flash flooding to central Arizona on October 22, with tornado watches in effect across the north. Alex and Jordan cover the NWS warnings and what residents should watch for tonight.

President Trump told a Kentucky rally on October 17 that the Department of War will invest $100 million in biotech company Antheia for a drug plant in Winchester, but only if Republicans win the midterms. Alex and Jordan unpack the conditional pledge and the $80 million loan behind it.