Britain Financial News

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

According to figures published by the Office for National Statistics today (18 September), the UK's Consumer Price Index rose by 2.2% in the 12 months to August, a figure that did not budge from July.  However, core CPI, which excludes energy, food, alcohol and tobacco, jumped from a 3.3% rise in July to a 3.6% uptick in August, with notable increases month-month in the price of transport and services, which increased from 0.1% to 1.2% and 5.2% to 5.6%, respectively.  Investors welcome rate cut but urge BoE to be vigilant as inflationary pressures 'still lurking' Tom Stevenson, inv...

Brominated vegetable oil, a food additive used in citrus-flavoured soft drinks, has now been banned in Canada, but consumers could still see it popping up on ingredient labels for one more year.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Bitcoin experienced steady growth over the past week recovering from a low of $54,000 to currently trading at $58,000.The week began with the Federal Bureau of Investigation (FBI) releasing a comprehensive report on global crypto scams in 2023, revealing staggering losses. The U.S. topped the list, with over $4.8 billion lost to crypto scams, followed by Canada and the UK. India ranked fifth, with reported losses exceeding $44 million. To avoid falling for such scams, one must Research thoroughly before investing, avoid too-good-to-be-true offers and only use trusted platforms for investing. The presidential debate between Donald Trump and Kamala Harris was the most anticipated, where the crypto community expected a focus on crypto regulation. However, the debate largely centered on other pressing issues such as economic uncertainty, inflation, and abortion rights, with no mention of crypto. This omission left many in the crypto community disappointed, leading to brief selling pressure on Bitcoin. Despite this dip, Bitcoin quickly recovered within a few hours. The same day saw the release of the Consumer Price Index (CPI) data, which showed better-than-expected inflation numbers. This data provided certainty to the crypto community that there will surely be a rate cut in the upcoming FOMC meeting strengthening the market sentiment.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

The world’s centi-millionaires — individuals with liquid investable assets of US$100 million or more — have ballooned by 54 per cent over the past decade, a new report shows.

Instagram announced tighter privacy settings for younger users on Tuesday. These restrictions include the requirement for ‘Teen Accounts’ and parental controls that limit what children can view. All Instagram accounts belonging to users under the age of 18 in the United States, United Kingdom, Canada, and Australia will become ‘Teen Accounts’ within 60 days and be set to private by default. Besides other new privacy settings and limitations, the new account type, called Teen Accounts, will only allow messages from users they follow or are already connected to. It will also put users in sleep mode between 10 p.m. and 7 a.m. to encourage sleep, and it will give users access to the most restrictive tier of the app's settings for viewing sensitive content. Also Read: Heartstopper Season 3: Check out trailer, cast, release date and where to watch

pub chain has several listed for sale. The well-known pub chain J D Wetherspoon is still looking for buyers for a number of its UK locations, including notable ones in Felixstowe, Swindon, and Cardiff. More venues have been added to the sales list since the initial announcement in 2023. If buyers are found for the chosen properties across Scotland, England, and Wales, the current portfolio of 790 pubs could be reduced by 10. Nevertheless, a few bars that were up for sale have managed to avoid closing and will continue to operate under the Wetherspoon name. Local customers will be surprised to learn that the Thomas Drummond in Fleetwood, which was initially put up for sale in February, has since been taken down from the market. Claire Buxton, the manager of the establishment, expressed her happiness at the decision, stating that it would be a delight for both patrons and staff. She added that they look forward to serving the Fleetwood community for many more years to come. Also Read: Why the iconic yellow school bus in the U.S is becoming a relic of another era?

News publisher Guardian Media Group says it is in talks to sell The Observer newspaper to “slow news” outlet Tortoise Media

Logan Paul and KSI, the three popular youtubers have come together to start their business Lunchly. The release of Lunchly was done by an announcement of the three of them which will mainly have the school going kids as the target audience and Lunchly will have a school lunch which will be pre packed, reported the Mashable. Three of them, Logan Paul, MrBeast and KSI came together on a live stream to confirm that ‘Lunchly’ is here to rule and it will be available in the US markets and stores from the later part of this week and KSI also clarified that it will hit the markets of UK sometime later this year. According to Mashable, Lunchly will come with store locator on the site for the convenience of its customers. Also Read :This is the one thing that far-right activist Laura Loomer wants from Donald Trump

According to the Bank of America Global Fund Manager survey, the allocation to UK equities jumped by ten percentage points month-on-month in September to a net 2% overweight.  This has coincided with a move towards defensive assets such as utilities and staples. Investors' overweight to utilities is the highest since December 2008 at a net 8%, with a significant shift from global cyclicals to bond sensitive assets.  Economic 'boom' expectations spike as equity bets jump to highest level in two years Investors have also moved into Eurozone stocks and financials and out of tech an...

Ahead of her retirement, the firm has decided to close the Aubrey European Conviction fund, with the closure set to take place on 18 September. The SVS Aubrey Europe Ex UK fund is set to follow in due course.  Bentley-Hamlyn, who co-founded Aubrey in 2006 after a stint as a director at Walter Scott & Partners, has managed the European Conviction strategy since 2008.  Chilean boutique takes 25% stake in Aubrey Capital Management The Luxembourg-domiciled fund holds €23.1m in assets under management, while the UK OEIC Aubrey Europe Ex UK fund manages £8.8m, according to the latest ...

Guardian Media Group (GMG) is in exclusive talks to sell The Observer, the world's oldest Sunday newspaper, to startup Tortoise Media, the companies said on Tuesday. Tortoise said negotiations include a commitment from it to invest more than 25 million pounds ($33 million) over the next five years in the editorial and commercial renewal of the title. First published in 1791, the centre-left Observer is one of Britain's best-known newspapers and once carried the journalism of George Orwell. It became a sister title to the daily Guardian newspaper in 1993 after its acquisition by GMG.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Tata Group is transitioning into green businesses, semiconductor manufacturing, and mobile phone part production to prepare for future demands, said Chairman N Chandrasekaran in an interview with the Financial Times. This move includes Tata Steel's decision to close blast furnaces at its UK unit, resulting in 2,500 job cuts as the company shifts to green steel-making. Chandrasekaran stressed the necessity of these steps, stating, «However painful...these are transitions that need to be done.» Tata Steel has incurred a loss of 5 billion pounds on the UK business since acquiring it in 2007 as part of the Corus Group. Leaning towards sustainable practices, Chandrasekaran has been steering Tata Group towards electric vehicles and renewable energy while managing debt and profitability. He advised the CEOs of various Tata entities to focus on financial fitness, saying, “every company has to be focused on financial fitness… don't worry about growth, fix the fitness. Performance will come."

U.K. Prime Minister Keir Starmer has met with Italian Premier Giorgia Meloni in Rome

Germany could be contributing to Bitcoin’s recent decline, with the government revealing that it has started auctioning off approximately €2.5 billion of bitcoin which it seized at the start of the year from Movie2K, a defunct pirated films website. 

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...