Payments UK, the trade association which launched at the end of June to support the rapidly evolving payments industry, said that it now has a total of 38 full members and 23 associate members.

After news of China stopping plans to regulate cyber security earlier this year, the country has now decided to resume plans and ask Western technology companies for advice on how to handle the new rules.

The gap in confidence levels between corporate bonds and equity markets is at its widest since March 2008 when the global financial crisis was deepening, the Financial Times reports.

The prospect of a new period of adjustment and volatility in the foreign exchange (FX) market has increased sharply since China’s recent move to devalue its currency, says advisory group Validus Risk Management.