Britain Financial News

Ahead of the upcoming General Election, a survey has revealed that more than 33% of young adults in the UK consider crypto to be a significant electoral issue.

—Name withheld on request  From your query, I assume that you had made investment in equity shares of an unlisted company which you sold in April 2023. Notwithstanding the determination of whether TDS provisions would have been applicable upon sale of equity shares of the company, capital gains derived from the sale would have been taxable at 20% (plus applicable surcharge and cess) along with indexation benefit.

Julian Assange, founder of WikiLeaks, has agreed to plead guilty to a felony charge in a deal with the US Justice Department, according to court documents filed on Monday night. This plea deal aims to resolve a protracted legal battle involving multiple countries over the release of classified information. Assange will plead guilty to conspiring to unlawfully obtain and disseminate classified national defense information under the Espionage Act.

Zyod has raised $18 million in a mix of equity and debt funding. The funding was led by venture firm RTP Global, while the debt capital was raised from Stride Ventures, Trifecta Capital and Alteria Capital. The “majority” of the funding was in primary equity, cofounder Ankit Jaipuria told ET. Existing investors Lightspeed Venture also participated in the funding round.

Bank of Americaindicated in February that it wanted to build out its European equity derivatives business this year. Accordingly, it has just made a mid-level equity derivatives hire from Morgan Stanley. At the same time, though, it lost a senior equity researcher to Citi, where one of it former equities stars is now heading research globally.

Nacho Gutiérrez-Orrantia has got a new job at Citi. What does he do there? He is many things. 

There are many catalysts for leaving a banking career, most of which involve working hours and bonuses that don't compensate for the toil. But there is also the revelation that even if you stick with the grind and climb the pole, your life may not be the best.

Prime Video's hit series, The Boys, features a major crossover with Gen V. The new teaser trailer reveals exciting developments and new characters.

Brain cancer and tumor related cases are on the rise across the United Kingdom (UK) and it is also a deadly type of cancer which is infecting children and adults under the age of 40- years. It has been estimated that every year there are around 12,000 cases detected in the UK and only one in 10 people survive until the next decade. However, according to experts, there are certain methods which can help people reduce their chances of getting diagnosed with brain cancer. They are some life style changes. This has been reported by the Mirror. There are four methods of achieving this. Fresh air and exercise:

According to its original prospectus, the company intends to raise capital to develop a series of tourist attractions in the Kingsway Exchange Tunnels, which were used during the Second World War. The listing and start of trading are expected to take place on 27 June, it said, with a market capitalisation of around £130m.  The London Tunnels aims to raise up to £30m via the issue of new ordinary shares to institutional investors in various jurisdictions for up to 90 days. The London Tunnels set to become UK's first IPO of 2024 So far, it said it has received «irrevocable commitm...

Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed.

Shiba Inu investors are not left out as the cryptocurrency market bleeds in a broader correction. The meme coin has caught bearish momentum, recording another 4.68% drop today, with hints that it could break down from its multi-month support.

gold reserves parked overseas dropped to the lowest in six years at the end of March--47% of the total—since it started accumulating the precious metal in December 2017. Data show that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022. News that the RBI had brought back 100 tonnes of gold from the UK to India emerged at the end of last month. Governor Shaktikanta Das said this was because there is enough domestic storage capacity and nothing more should be read into it. At the end of March, the RBI’s total gold holdings amounted to 822.1 tons. A December 2023 survey by global investment manager Invesco of 57 central banks and other asset managers showed that they had increased exposure to gold 8-10 years ago, keeping it London and using it for swaps and to enhance yields, but that they were now moving the reserves back to their own countries, underscoring its role as a safe-haven asset. From 50% in 2020, the share of gold reserves held in their own countries is estimated to have gone up to 68% by December 2023 and will likely rise to 74% within the next five years, according to the survey.

OYO on Monday announced the opening of its first luxury hotel in Dubai — Palette Royal Reflections Hotel and Spa — as the IPO-bound unicorn eyes strengthening its premium property portfolio globally. The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year. «OYO is expecting more than 1 lakh Indian tourists to visit Dubai this year. Dubai has long been a favourite destination for Indian travellers, thanks to its luxury shopping, stunning architecture, and vibrant culture. The launch comes as the emirate prepares to welcome a record number of Indian tourists in 2024,» OYO stated. The initiative is part of OYO's ongoing efforts to strengthen its premium property footprints across the world, including the Middle East.

Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia. Prime Minister Narendra Modi took his oath in Hindi amid slogans of «Jai Shri Ram» from the treasury benches. Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Road Transport and Highways Minister Nitin Gadkari, Women and Child Development Minister Annapurna Devi, Telecom Minister Jyotiraditya Scindia and Urban Development Minister ML Khattar were among those who took oath in Hindi. Education Minister Dharmendra Pradhan, the MP from Odisha's Sambalpur, took oath in Odia.

Montague, the current chief financial officer, will take up the top leadership position on 1 October, subject to regulatory approval. She has been appointed CEO designate from 1 July. She joined the group in August last year and has extensive experience in the UK long-term savings and asset management sector. Brooks Macdonald loses UK distribution head to Ascot Lloyd Prior to Brooks Macdonald Montague was most recently group chief risk officer at Aviva, and group chief financial controller before that. She also held senior leadership positions at Royal London Group and Standard Lif...

According to data from Adzuna, a search engine for job advertisements, vacancies stood at 854,248 at the end of May. This marked a 0.01% increase from April (854,171), while annual vacancies fell by 18.7% compared to the same period last year. Core inflation figures 'final nail in the coffin' for hopes of June BoE rate cut Cambridge retained its position as the top place in the UK to find a job, with only 0.34 jobseekers competing for one role, while Bradford had the lowest score, with 7.94 jobseekers per role. Meanwhile, monthly salary figures decreased for the first time since...

Mint had first reported that Sony would hire Banerjee to replace Singh on 28 May.Banerjee previously served as head of content for Hindi entertainment and Disney+ Hotstar, and business head for Star Bharat, Hindi and English movies, kids and infotainment, and regional (east). In these roles, he oversaw content curation across several languages and also spearheaded original series and films.Also read: The Disney Star sale comes with a deep discount tagA former journalist, Banerjee began his career in media as an assistant producer and anchor at Aaj Tak.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.

shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021. The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April. Register for the ET MSME Day 2024 here.

Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier — at which point it was semi submerged — were some debris and an oil slick. Yemen’s Houthi militants managed to strike it with a seaborne drone, killing one crew member and injuring others. They said they eventually sank it with explosives. Register for the ET MSME Day 2024 here.