Britain Financial News

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Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.

Subscribe to enjoy similar stories.To grab hold of the glossy dream of overseas education and eventual global employment, Indian parents have willingly liquidated family assets and taken out hefty education loans — all in the hope that earnings in dollars or euros would wipe out the debt.But in 2026, that fundamental equation stands fractured. With the Indian rupee hitting record lows of ₹96 against the US dollar, the financial math of studying abroad demands a hard reset.The equation has changed.

Subscribe to enjoy similar stories.India’s insurance sector has found renewed vigour, with two global players ready to expand their market presence and others exploring entry. On Monday, US-based Liberty Mutual Insurance announced a stake increase in its Indian venture Liberty General Insurance to 74% from a bit above 55%.A day earlier, UK-based Prudential said it will buy a 75% stake in Bharti Life Insurance Company. Also, Germany’s Allianz has struck a 50:50 joint venture (JV) with Jio Financial Services.

Subscribe to enjoy similar stories.In a reminder that the inflation beast is never fully tamed, but can at best be forced to retreat temporarily, wholesale price inflation in India jumped to a 42-month high of 8.3% in April. That’s more than double the previous month’s 3.9% and a far cry from the 0.9% recorded a year ago. The longer global oil supply remains disrupted, the likelier it will go into double digits.And with diesel and petrol filling-station prices hiked only in May (and more hikes likely), it is just a matter of time before retail inflation, already at a 13-month high of 3.5% in April, increases.

Subscribe to enjoy similar stories.In the history of literature, several outstanding novels have captured the personal and societal challenges associated with upward mobility. Once a man could make his fortune through intrepid adventure (R.L.

Subscribe to enjoy similar stories.I first heard about Margherita 10 years ago and was immediately intrigued. A short and very scenic drive from Dibrugarh, this village in Assam remained on my bucket list since, and last week, the trip finally materialised.Its claim to fame is not just as the source of India’s tea story but also of oil, coal and plywood. The Digboi oil refinery is a stone’s throw from here, oil having been discovered accidentally while the railway line was being built in 1881.

Subscribe to enjoy similar stories.When a British citizen turns 100, they get a message from the monarch. It’s a tradition dating back to 1917 when King George V started sending telegrams to congratulate citizens on landmark birthdays.But Sir David Attenborough is no ordinary citizen.

Subscribe to enjoy similar stories.In the mid-1980s, when a personal computer in India cost as much as ₹80,000, a young Tamil entrepreneur walked into the stalled market and crashed prices by more than half.Chinnakannan Sivasankaran, known simply as Siva, had just bought Sterling Computers from Robert Amritraj, father of tennis star Vijay Amritraj. His opening move was to launch the Siva PC at ₹33,000 with the tagline “The Power of Siva.”The market responded immediately as rivals were forced to cut prices.

Subscribe to enjoy similar stories.After a week of mounting political drama, the stage is set in the U.K. for months of uncertainty over who will lead the world’s fifth-biggest economy, as unpopular Prime Minister Keir Starmer embarks on a long and messy fight for his job against the left-wing mayor of Greater Manchester, Andy Burnham.Burnham said late Thursday he planned to stand for election to parliament, opening the path for him to take on Starmer for the leadership of the ruling Labour Party.

Subscribe to enjoy similar stories.New Delhi: India’s smaller airlines are bearing the brunt of the West Asia conflict, with Air India Express, Akasa Air and SpiceJet reducing international departures by nearly 60% in April and so far in May, even as larger carriers IndiGo and Air India cut overseas departures by about 21% during the same period.SpiceJet’s international departures fell 59% to 305 during April and May, while Akasa Air’s dropped 57% to 136 and Air India Express recorded a 56% decline to 1,818 departures, according to data compiled by UK-based aviation analytics firm OAG and reviewed by Mint.In contrast, IndiGo and Air India saw comparatively smaller reductions of 21%, with departures falling to 6,574 and 4,059, respectively.Taken together, international departures from India’s five largest airlines are down 30% in April and May to 12,892, with seat counts also down an identical 30% to 2.6 million, OAG data showed.The sharpest reductions have been on West Asia routes — among the most lucrative overseas markets for Indian low-cost carriers. Air India Express had the highest exposure to the region in terms of daily departures from India, followed by SpiceJet and Akasa Air.“Smaller airlines operate narrow-body planes on short-haul international routes, with Middle East (West Asia) destinations being the most lucrative.

Subscribe to enjoy similar stories.The British pound, stocks and markets are in turmoil. U.K.

Subscribe to enjoy similar stories.Several government committees, apart from the Niti Aayog, have asked for regulatory impact assessments (RIAs) to be institutionalized in India. The statutory backing of a legislative framework can ensure its meaningful use as a tool for assessing the costs and benefits of current and prospective regulatory measures. The inclusion of provisions related to RIAs in India’s recently concluded free trade agreements (FTAs) highlights the urgency to enact a central law on such study-based reports.

Subscribe to enjoy similar stories.Brexit was a shot heard ’round the world a decade ago next month, when the British voted to reject the recommendation of their political, economic and cultural establishment and leave the European Union. Its global significance was its loud expression of deep disaffection with the self-satisfied, self-serving elites in Western democracies who dictated the boundaries of acceptable debate on immigration, national sovereignty, the globalized economy and the modern gospel of cultural progressivism.

Subscribe to enjoy similar stories.MUMBAI: Aerospace and defence major Rolls-Royce Plc is borrowing from the India playbook of British energy giant BP Plc as it pursues billions of dollars worth of opportunities across defence, civil aviation and nuclear energy in the country.To lead that push, Rolls-Royce has turned to Sashi Mukundan, the former head of BP’s India business, who spent 24 years building the energy company’s partnerships in the country across gas, fuel retail and mobility ventures.The man who recruited him: Rolls-Royce chief executive Tufan Erginbilgic, who himself spent two decades at BP, including five years leading its downstream business.“Tufan was also with BP before. He’s seen how BP built the relationship in India,” Mukundan, now executive vice president Transformation India at Rolls-Royce, told Mint.

Subscribe to enjoy similar stories.Across Europe, voters are fed up and taking it out on their leaders.This week, Britain’s ruling Labour Party had its worst result ever in local elections as voters angry about a persistently weak economy and high immigration punished Prime Minister Keir Starmer, who is backed by just 20% of voters.Last month, Europe’s longest-serving leader, Hungary’s Viktor Orban, was swept out of office by a wave of discontent over the sluggish economy and a government that many saw as corrupt.Elsewhere in Europe, the picture is similarly bleak for those now in power. In Germany, a left-right government that is breaking public spending records is also plumbing uncharted popularity lows.The diminished incumbents can do little to placate an angry electorate, as they contend with melting parliamentary majorities, internal divisions and empty public coffers.

Subscribe to enjoy similar stories.To my mind, there is one thing the US version of The Office did better than the BBC original, created by Ricky Gervais and Stephen Merchant. This, I assure you, is a big deal because I worship at the altar of those flawlessly written British episodes.

Subscribe to enjoy similar stories.Despite the craze for Korean literature in India, you’d be hard-pressed to find an Indian fan who knows of Don Mee Choi. She writes poetry, not fiction.

Subscribe to enjoy similar stories.Economists like to preach prudence, but they do not always practise it. Ibrahim Oweiss was a young economist in Egypt’s Ministry of Industry when he offered some frank advice to his bosses. He warned against a suffocating overconcentration of industry in Cairo and Alexandria.

Subscribe to enjoy similar stories.In 1954, conductor Herbert von Karajan and the Philharmonia Orchestra released what was considered a definitive recording of Ludwig van Beethoven’s Ninth Symphony. It was meant to capture the grandeur of the Ode to Joy for home listeners.But when Amar Bose, then a brilliant graduate student at Massachusetts Institute of Technology and an obsessive music lover, bought an expensive high-fidelity stereo to listen to it in 1956, he was deeply disappointed.The symphony, which should have felt like a tidal wave of sound, felt more like a trickle.

Subscribe to enjoy similar stories.The third gulf war should, in theory, be a huge blessing for big oil. In January most analysts had expected Brent crude, the global oil-price benchmark, to average $60 a barrel in 2026. It ended the first quarter at $118; refined products have risen faster still.

Subscribe to enjoy similar stories.As the economic consequences of US President Donald Trump’s war against Iran become evident, policymakers around the world are running out of patience. The recent Spring Meetings of the International Monetary Fund and World Bank in Washington made this abundantly clear, with UK Chancellor of the Exchequer Rachel Reeves lamenting the “folly” of a war that is “not ours.”But much of the cost will be borne by the US itself. The immediate effects are visible: a sharp rise in gas prices, inflation climbing to a two-year high and growing concerns that, as consumers cut back on spending to offset higher costs, unemployment will rise.