UK's Visa Crackdown Leaves City of London Immigrants in Limbo
Such is life in the UK after the government announced it would now take ten years for immigrants to receive preferential status known as indefinite leave to remain, or ILR. That's twice the time it used to take.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
UK launches £500M package to support diverse, underrepresented investors and founders
The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around $135 million) to supporting female-led ventures and the government's Invest in Women Taskforce. Meanwhile, £400 million (around $539 million) will go to backing more diverse fund managers and supporting early-stage companies, as well as helping to boost the talent pipeline to provide those from disadvantaged backgrounds the opportunity to become investors. The package begins deployment in 2026. 'The initiative announced today aims to reduce the significant gap in venture capital investment for underrepresented founders and investors,' the BBB said in a press release announcing the investment last week. 'It will target at least 50% of investment going to female fund managers.' It comes as the U.K. continues its push to attract and sustain talent to its venture ecosystem. The press release states that 'breaking down barriers to opportunity will help drive growth as part of the government's Plan for Change,' which encompasses various strategies to help drive economic growth in the country. For women and people of color, the UK venture landscape can often be as disheartening as it is in the U.S. Around 13% of venture teams in the UK have women at a senior level, while dismal amounts of venture funding goes to minorities (less than 2% for Black founders as of a 2023 report, and 2 pence (around 3 cents) for every £1 ($1.35) invested goes to women.
CNN
an hour ago
- CNN
Start your week smart: Coffee 101, Trump's tariffs, Wimbledon, ‘Superman' box office, Live Aid
5 Things Donald Trump Tariffs Food & drinkFacebookTweetLink Follow Exactly 40 years ago today, an estimated 1.5 billion people in more than 100 countries tuned in to watch Live Aid, a mega benefit concert held simultaneously in London and Philadelphia to raise funds for famine relief in Ethiopia. Dozens of music icons took to the stages throughout the day and night, but one of the most memorable performances almost didn't happen. Here's what else you need to know to start your week smart. Coffee — whether it's your drink of choice while you read 5 Things or your midday pick-me-up — is one of the world's most popular beverages. While coffee beans originated in ninth-century Ethiopia, the plant wasn't cultivated and brewed into the drink the world has come to know and love until the 15th century in Yemen, according to NESCAFÉ. Today, it's estimated that people worldwide drink around 2 billion cups of coffee daily, according to a 2019 study. 1️⃣ Brewing benefits: The peak of summer is here, and as most try to beat the heat, research suggests that for regular coffee drinkers, the beverage can be just as hydrating as water. Daily coffee consumption is also linked to aging with a sharp mind and lowering the risk of developing cardiometabolic diseases. 2️⃣ Java jitters: According to the US FDA, consuming more than 400 milligrams of caffeine (equivalent to four or five cups of coffee) is considered excessive for most adults. Too much caffeine can cause sleep disruptions and, in rare cases, can lead to caffeine intoxication. 3️⃣ A whole latte options: Starbucks may dominate the coffee market, but competition is brewing. Luckin Coffee, a fast-growing coffee chain that rose to popularity in China, recently opened two US locations. Other chains like Dutch Bros, 7 Brew and Black Rock Coffee Bar have built a loyal following targeting Gen Z drinkers with TikTok-worthy coffees and refreshers at affordable prices. 4️⃣ Coffeehouse culture: Coffee shops have long been known as 'third spaces' — spots where people can gather that are not home or work. In 17th-century London, coffee shops were known as 'penny universities' because they served as places of social exchange and the drink cost only 1 cent. 5️⃣ Coffee and the climate crisis: Experts call coffee a complex commodity. The crop is not only labor-intensive to produce but is also sensitive to environmental changes. Factors like severe weather and rising temperatures can impact coffee production and drive up costs for consumers. • Trump announces tariffs of 30% on Mexico and the European Union• FEMA removed dozens of Camp Mystic buildings from 100-year flood map before expansion, records show• Trump says he's considering revoking Rosie O'Donnell's citizenship, reigniting decades-long feud MondayIt's the beginning of 'Crypto Week' in Washington, DC. The House will consider the GENIUS Act, which would provide a framework for regulating stablecoins — a type of crypto asset that is tied to the value of another asset, such as the US dollar or gold. Stablecoins were initially created as a way for crypto investors to store their money, but have grown in popularity in recent years for their use in digital payments. Cryptocurrencies have had a major revival under President Donald Trump's second term, yet critics have pointed to the Trump family's ties to the crypto industry. TuesdayWe'll get the latest reading on inflation when the Bureau of Labor Statistics releases the Consumer Price Index for June. Prices crept slightly higher in the previous month; however, economists are warning that President Trump's sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. ThursdayA national anti-Trump protest dubbed 'Good Trouble Lives On' is scheduled for July 17 — the anniversary of the 2020 passing of Civil Rights icon and Congressman John Lewis. Lewis famously called on Americans fighting for justice to create 'good trouble' in the name of redeeming the soul of America. Thursday is also the deadline for Harvard University to hand over documents about its financial aid practices, as part of a congressional probe into alleged tuition price-fixing in the Ivy League. House Judiciary Committee Chairman Jim Jordan issued a subpoena to Harvard last month demanding the documents. And 70 years ago, on July 17, 1955, Disneyland in Anaheim, California, opened its gates to the public. Get '5 things' in your inbox If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter.🎧 Fighting 'FraudGPT'In this episode of the 'One Thing' podcast, CNN's David Rind speaks to David Maimon, head of fraud insights at SentiLink and professor of criminology at Georgia State University, about why law enforcement needs better tools to fight AI-generated scams. Listen here. Prev Next 📸 Check out more images from the week that was, curated by CNN Photos. 👀 At a glance …Wimbledon wraps up today when Carlos Alcaraz faces Jannik Sinner in the men's singles final. In the women's singles final on Saturday, Iga Świątek beat Amanda Anisimova 6-0, 6-0, the first time in the Open Era a woman has won the final without giving up a game. The 2025 FIFA Club World Cup Final is set for later today with Chelsea taking on Paris Saint-Germain at MetLife Stadium in New Jersey. Major League Baseball's All-Star Game, also known as the 'Midsummer Classic' is scheduled for Tuesday in Atlanta. The 153rd Open Championship — aka the British Open — tees off Thursday at Royal Portrush Golf Club in Northern Ireland. And the 2025 WNBA All-Star Game will be played Saturday in Indianapolis, which is Caitlin Clark's home turf. 📺 TV + streamingThe CNN Original Series, 'Live Aid: When Rock 'n' Roll Took On the World,' celebrates the definitive story of how two rock stars inspired the largest global music events in history. The four-part series premieres tonight at 9 p.m. ET/PT. 🍿 In theaters'I Know What You Did Last Summer' is a sequel/reboot of the 1997 slasher film of the same name. Once again, a group of pretty young people tries to cover up an accident, only to be stalked and killed by the evil twin of the Gorton's Fisherman. A few original cast members, including Jennifer Love Hewitt and Freddie Prinze Jr., are back to try and help the new kids survive. Also at the multiplex is 'Eddington,' a dark comedy billed as a contemporary Western starring Joaquin Phoenix, Emma Stone and Pedro Pascal. On the family-friendly front is the animated 'Smurfs,' featuring the voices of Rihanna, James Corden and Nick Offerman. And, of course, 'Superman' soared into theaters this weekend, and brought with it a wealth of cameos and fun references to its DC Comics origin. ('Superman' is distributed by Warner Bros. Pictures, which is owned by CNN's parent company, Warner Bros. Discovery.) 🧠 Looking for a challenge to start your week? Take CNN's weekly news quiz to see how much you remember! So far, 52% of fellow quiz fans have gotten eight or more questions right. How will you fare? 'Radio Ga Ga'Travel back 40 years in time to when Queen's Freddie Mercury got more than 70,000 fans at Wembley Stadium to clap along in unison. Today's edition of 5 Things Sunday was edited and produced by CNN's Meghan Pryce.
TechCrunch
2 hours ago
- TechCrunch
UK launches £500 package to support diverse, underrepresented investors and founders
The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around $135 million) to supporting female-led ventures and the government's Invest in Women Taskforce. Meanwhile, £400 million (around $539 million) will go to backing more diverse fund managers and supporting early-stage companies, as well as helping to boost the talent pipeline to provide those from disadvantaged backgrounds the opportunity to become investors. The package begins deployment in 2026. 'The initiative announced today aims to reduce the significant gap in venture capital investment for underrepresented founders and investors,' the BBB said in a press release announcing the investment last week. 'It will target at least 50% of investment going to female fund managers.' It comes as the U.K. continues its push to attract and sustain talent to its venture ecosystem. The press release states that 'breaking down barriers to opportunity will help drive growth as part of the government's Plan for Change,' which encompasses various strategies to help drive economic growth in the country. For women and people of color, the UK venture landscape can often be as disheartening as it is in the U.S. Around 13% of venture teams in the UK have women at a senior level, while dismal amounts of venture funding goes to minorities (less than 2% for Black founders as of a 2023 report, and 2 pence (around 3 cents) for every £1 ($1.35) invested goes to women.
