1. UK won’t regulate crypto under gambling laws
The House of Commons Treasury Committee’s recommendation that the UK government regulate the cryptocurrency industry under gambling legislation has been shot down by economic secretary Andrew Griffith.
2. Cinemas to reap box office rewards from Barbenheimer meme
Cinema companies such as Cineworld Group PLC (LSE:CINE) and Everyman Media Group PLC (AIM:EMAN) are expecting to reap the rewards of the “Barbenheimer” social media meme.
3. FTSE 100 ends the week on a high
London's FTSE 100 ended the week on a positive note as US stock turned around and headed higher into the weekend. At the close, the blue-chip index was up 0.2% at 7,664, taking gains for the week to 3.1%.
4. Global food inflation fear as India bans rice exports as El Niño looms
In an effort to curb rising domestic food prices and ensure availability, India has banned rice exports, fanning the flames of global food inflation concerns after Russia blocked Ukraine shipments.
5. McDonald's UK boss "shocked" as abuse allegations grow
Alistair Macrow, chief executive of McDonald's UK and Ireland, told the BBC the claims were "personally and professionally shocking, adding that the company had “clearly fallen short” in a number of areas.