Britain Financial News
13.08 / 11:30
Provident
CEO
Platform
Sustainability
Boeing
Enterprise
President
Boeing partners with AIESL to provide services to Indian Navy's P-8I aircraft
Boeing has partnered with India's AI Engineering Services Ltd to provide overhaul services to the Indian Navy's fleet of 12 P-8I maritime surveillance aircraft. As part of the partnership, the first landing gear overhaul of a P-8I aircraft was recently completed at naval base INS Rajali in Tamil Nadu, Boeing India said on Tuesday. «This is a first in India and reflects the growth in India's indigenous capabilities for undertaking complex Maintenance, Repair and Overhaul (MRO) services,» it said in a statement. The Boeing P-8I, a multi-role long-range maritime reconnaissance anti-submarine warfare (LRMR ASW) aircraft, is integral to the Indian Navy's maritime surveillance missions in the Indian Ocean.
13.08 / 11:26
UPS
Freedom
country
concert
rock
How 1925 Kakori train dacoity led India to a revolutionary path for Independence
Independence day, an event in Uttar Pradesh's Kakori reignited the fire of violent revolution against the Britishers. A small incident of dacoity at a sleepy railway station shook the might of British empire. The use of physical force as a form of direct confrontation with and retaliation against the British began as a concerted attempt in the last decade of the 19th century in India. The anti-Partition agitation that began in 1905 further catalyzed the growth of extremist nationalism in India. Several revolutionary associations and organizations, both clandestine and open, sprang up in Bengal, Maharashtra, Punjab, and so on. This was also the period when the culture of the bomb was absorbed and employed by the nationalists with assistance from the revolutionaries abroad.
13.08 / 09:38
2020
Jupiter to close UK Opportunities fund after 'limited' client demand
In a letter to shareholders seen by Investment Week, the firm told clients that following a strategic review, it had taken the decision to close the fund after its AUM had fallen to £6.8m since July 2020. Ben Whitmore's Jupiter exit delayed to October as future of Global Value fund determined later this year Jupiter said it did not expect that the fund would «attract new investors in the future» and therefore ruled it was «no longer considered commercially viable». «Accordingly, we believe that closure of the fund is in the best interests of investors,» it said. Since the fund l...
13.08 / 09:25
Target
Boeing
show
Podcasts
Headlines
Catherine Mann: UK battle against inflation is not over
Speaking to the FT's Economics Show podcast, Catherine Mann said the potential for large increases to wages in the coming year is «a problem for next year». Bank of England cuts interest rates by 25 basis points to 5% Headline inflation hit the the BoE's target rate of 2% back in June, but Mann argued that the UK should avoid being «seduced» into believing that the ongoing struggle against inflationary pressures has finally ceased. «Prices on services continue to be increasing and by and large, services prices never fall,» Mann said, meaning that wages will have to continue to ri...
13.08 / 09:16
Election
Golf
stage
country
Olympics
International
cricket
ECB, Cricket Scotland in talks over Team Great Britain in LA Olympics
England Cricket Board (ECB) and Cricket Scotland opened the talks of introducing the Great Britain (GB) men's and women's teams for the next Los Angeles Olympics in 2028. Cricket is brought to the marquee event for the first time since 1900 and the decision to bring it back came last year. The details of the event are not yet confirmed but the International Cricket Council (ICC) has suggested a six-team tournament for both the categories. The tournament will be played for a week and the matches for the teams are likely to take place consecutively rather than «With the Los Angeles Olympics four years away, it's very early stages, but we're talking to Team GB and Cricket Scotland about the next steps we need to take. Once again Great Britain's Olympians have captured the national imagination with their exploits in Paris this year, and we look forward to working together to compete when cricket returns to the Olympic stage in 2028,» an ECB spokesperson told ESPNcricinfo.
13.08 / 09:00
Waves
WhatsApp
Universities
reports
prevention
Investigations
International
Canada’s temporary foreign worker program promotes contemporary forms of slavery: UN investigator
temporary foreign worker program is a breeding ground for contemporary forms of slavery alleged a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily Globe and Mail. Prof. Obokata is the United Nations’ special rapporteur on contemporary forms of slavery and a professor of international human-rights law at the University of York in Britain. The recently released final report cements Prof. Obokata’s initial impressions, which he first expressed last year after visiting Ottawa, Moncton, Montreal, Toronto and Vancouver on a fact-finding tour, Globe and Mail reported.
13.08 / 08:49
Action
Diversity
Discrimination
Reboot calls on financial services to protect professionals amid far-right riots
The diversity group said firms should support their teams by taking a clear stance, being explicit in their communications and actions that «there is no place for hate or discrimination in the workplace», and in vocalising support for those affected. It acknowledged that some companies have started sharing wellbeing kits with staff for further assistance, but argued this «does not go far enough». Reboot added: «August 2011 was the last time the UK saw race-related riots on the scale we have seen in recent days. „After those events, many organisations and individuals committed to d...
13.08 / 08:43
markets
Boeing
show
UK wage growth drops to two-year low but labour market remains 'strong'
This was the lowest level of wage growth recorded in two years, but the data released today (13 August) showed the labour marked has remained «strong», noted Neil Birrell, CIO at Premier Miton Investors. UK battle against inflation is not over warns BoE's Mann The number of payrolled employees is estimated to have grown by 14,000 between May and June 2024, and by 24,000 in July. The employment rate stood at 74.5% for Q2 and while this was below last year's estimates, it showed an increase from the first quarter of the year. The unemployment rate decreased over the quarter to 4.2...
13.08 / 08:33
Instagram
country
audience
Olympics
inclusion
cricket
Sporting
Indian women's cricket team batter Jemimah Rodrigues excited to play at Los Angeles 2028 Olympics
cricket team batter Jemimah Rodrigues expressed her excitement about representing the country at the Los Angeles 2028 Olympics. Cricket is brought to the marquee event for the first time since 1900 and the decision to bring it back came last year. A two-day match took place between teams from Great Britain and France. Great Britain won the match by 158 runs. Cricket will return to the Olympic programme at LA 2028 after 128 years in the T20 format. In a post on Instagram, Jemimah wrote, «Loved wearing the current Indian Olympic jersey. Can't wait to play cricket for India at the Olympics soon! Man, what a feeling that'd be.»
13.08 / 05:21
Digital
students
social
information
Department
prevention
Schools
Kerala government implements 'Fake News detection' in school textbooks
Kerala General Education Department has added 'Fact-Checking' modules as part of new ICT textbooks for Classes 5 and 7, designed to help students recognize fake news and perform fact-checking on online platforms. The move by the Kerala government was implement even ahead of UK which reportedly is is planning to revise their primary curriculum by including this topic. Earlier in 2022, Kerala Infrastructure and Technology for Education (KITE), the technology arm of Kerala General Education Department, had imparted Fake News prevention and awareness creation training for 19.72 lakh students of Grades 5 to 10, as part of the Digital Media Literacy programme.
13.08 / 04:51
UPS
Digital
Citizens
Death
country
Equality
A takeaway from the Bank of England Museum: Go easy on issuing fiat currency
On 21 July, I visited the Bank of England Museum in London. It was an interesting and an engaging experience. Nonetheless, I was left wanting more, simply because I thought the museum would be more about the history of money than about who did what at the Bank of England since its establishment in 1694.
13.08 / 04:18
security
wellness
President
consequences
reports
US says it's preparing for 'significant' Iran attack on Israel, possibly 'this week'
Israel, which possibly can take place this week, said White House National Security Communications Advisor John Kirby on Monday (local time) amid the ongoing tensions in the Middle East. This comes after President Joe Biden held talks with the leaders of the United Kingdom, France, Germany, and Italy as the US aims to de-escalate tensions in the Middle East. «We share the same concerns and expectations that our Israeli counterparts have with respect to potential timing here. Could be this week,» Kirby told reporters, according to The Times of Israel.
13.08 / 02:10
markets
security
Continental
Trade
country
hospital
Relationships
After BT, Bharti may consider more opportunities in Europe: Mittal
Tata Motors Ltd, while Tata Steel Ltd’s acquisition of Corus has become a burden for its Indian parent. Bharti comes a full circle with the acquisition of BT shares, Mittal said, as the British group had held a 21% stake in Bharti Airtel between 1997 and 2001, and now the Bharti group has become the single largest shareholder in the entity.
12.08 / 23:56
UPS
Matthews
Actor
Justice
reports
Department
Nashville Resident Indicted For Aiding North Korea’s Weapons Programs
Matthew Knoot from Nashville, Tennessee has been indicted under federal charges for allegedly aiding North Korea’s (DPRK) ballistic weapons programs in a massive IT jobs fraud scheme, a new U.S. Department of Justice press release reveals.
12.08 / 23:46
markets
Digital
Platform
security
Trade
Bitcoin
Customers
Crypto platform defrauded customers of $13M, B.C. regulator says
A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted about $13 million in assets to gambling and personal accounts.
12.08 / 20:27
Platform
Netflix
BBC
film
show
country
Olympics
Call the Midwife Season 13: Netflix US release date, regional availability, plot and filming
BBC series 'Call the Midwife' will have its thirteenth season available on Netflix US in September 2024. This release continues the show's established tradition of streaming availability.
12.08 / 20:18
markets
UPS
Mobile
Enterprise
Trade
International
Bharti ups global play with big stake in UK's BT Group
Bharti Enterprises plans to acquire a 24.5% stake in UK's BT Group for around $4 billion from the British firm's largest investor Altice UK, marking the Sunil Mittal-led company's second major international foray after venturing into Africa in 2010. This will make it the largest shareholder in BT, formerly British Telecom. In a statement Monday, Bharti said it has no intention of making an offer to buy control of Britain's largest broadband and mobile firm. Bharti is also not seeking a board seat, chairman Sunil Mittal told reporters. The purchase will be made by Bharti Global, which is the international arm of Bharti Enterprises, through Bharti Televentures. As per the terms of the deal, Bharti Televentures has acquired a 9.99% stake in BT Group's issued capital via open market trade. It will buy the remaining 14.51% after getting regulatory clearances. Mittal expects the deal to close in the coming months.
12.08 / 20:15
Racing
Netflix
Mattel
show
voice
audience
classical
Hot Wheels Let’s Race Season 2: See premiere date, teaser trailer, plot and voice cast
Netflix has announced the return of 'Hot Wheels Let’s Race' for its second season. The new season will be available globally on September 9, 2024, with a fresh teaser trailer released to build excitement.
12.08 / 19:41
markets
Manufacturing
Research
trends
country
classical
stars
BSA Gold Star set to hit Indian roads: Classic legends focuses on premium motorcycles amidst growing competition
BSA, the iconic British motorcycle brand, will debut in India on August 15 with the Gold Star model, amplifying choices for enthusiasts while intensifying competition in the growing market for middleweight motorcycles. Mahindra & Mahindra-owned Classic Legends has been producing the 652cc motorcycle Gold Star at its plant in Pithampur, Madhya Pradesh for about two years but solely for exports to developed markets so far. Incorporated in the UK, BSA Motorcycle is currently a wholly owned subsidiary of Classic Legends. Anupam Thareja, one of the three cofounders of Classic Legends-the others being Mahindra Group chairman Anand Mahindra, and Boman Irani-that owns BSA along with other legendary motorcycle brands like Jawa and Yezdi-said the Gold Star was first launched in the UK and Europe. Since its relaunch in 2021, BSA is currently available in 23 countries including Europe and the UK.
12.08 / 19:22
markets
UPS
wellness
trends
War
country
From Jaguar, Hamley's to BT: The colony strikes back as Indian biz royalty takes over Britannica
Tata started the trend at the turn of the century by buying Tetley, the first leveraged buyout by an Indian conglomerate, for $407 million, emerging as the second largest tea company in the world. In 2007, Tata scooped up Corus in the largest overseas M&A by an Indian company at $12.11 billion, just before the global financial crisis. Much of Corus’ UK operations may have shrunk today but India’s most trusted conglomerate still has deep roots in the island nation, having acquired Jaguar Land Rover, British Salt and Brunner Mond, making Tata the single largest private sector employer in the country. Last year, the group announced a 4 billion pound greenfield giga factory for battery cells in the UK, which at the time was regarded as something of a coup by the first Indian-origin PM of Britain, Rishi Sunak. Not that this could stop his defeat in the July general election.
12.08 / 19:03
Winter Olympics
performer
country
social
Olympics
Relationships
Sporting
athletics
View: Medals tally with nations?
Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.
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