Binance, the world's largest cryptocurrency exchange, temporarily suspended its blockchain network following an exploit that siphoned off digital assets valued at over £5 billion. Chief Executive Changpeng Zhao, known as CZ, confirmed the attacker targeted a bridge connecting different blockchains.
Jeremy Hunt, the Chancellor, has announced new measures aimed at reducing regulatory burdens on businesses, with a projected saving of up to £800 million. The reforms target 'pointless paperwork' across various sectors, signalling a push to streamline operations for UK enterprises.
L'Oréal has noted that the increasing use of GLP-1 weight loss medications, such as Ozempic and Wegovy, is impacting consumer behaviour and, consequently, its sales within the beauty and skincare sectors. The company's CEO, Nicolas Hieronimus, described the phenomenon as "very important" for the firm.
