Business

UBS to Pay $125 Million Over Anti-Money Laundering Violations

UBS Financial Services Inc., a subsidiary of UBS Group AG, has agreed to pay $125 million in fines to settle allegations by the US government that it willfully and repeatedly violated anti-money laundering rules.

California's diesel prices have jumped since the Iran war started, with ripple effects across the country

California has the highest gas prices in the country as well as the busiest containership port, meaning consumers across the country could feel the impact of higher diesel.

Bloomberg Surveillance 8/3/2026

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

FalconX Cuts Staff on Extended Downturn in Crypto Markets

Digital assets brokerage firm FalconX has cut 10% of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter.

US finalizes voluntary AI safety tests, White House official says

Meta, Anthropic invited to meet with Trump officials about AI safety testing

Derelict former BHS site a 'continuing nightmare'

The former department store closed in 2016.

Blanche Strikes Deal With GOP Senators to Advance Nomination

Two Republican senators are backing a deal with acting Attorney General Todd Blanche to formally rescind an order creating an “anti-weaponization fund,” likely paving the way for Blanche’s confirmation as the nation’s top law enforcement…

Britain says it is open to AI regulation if voluntary safeguards fall short

Former ’60 Minutes’ Correspondents Sharyn Alfonsi, Scott Pelley Will Teach At Columbia

Sharyn Alfonsi and Scott Pelley, who exited the show after clashing with executives at CBS News, will teach reporting skills.

India Raises Fuel Export Tax to Build Buffer as Wars Curb Supply

India increased levies on exports of oil products to bolster domestic fuel stockpiles while global supplies remained tight despite a pause in fighting between the US and Iran.

Japanese Yen Surges After Washington Steps In

US and Japanese officials warned investors they’re determined to keep defending the yen after their first joint intervention in 15 years. The yen surged Monday morning. Bloomberg's Cameron Crise talks about what the US and Japan hope to…