Britain Financial News

British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard

Prince Harry has been given permission to appeal the British government's rejection to provide him with police protection in the U.K. The Court of Appeal gave the Duke of Sussex the go-ahead to challenge a ruling earlier this year in the High Court

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, struggling to pay even the interest on their loans and often just a bad business hit away from dying off for good

World stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good

arbitration institutions is not sufficient and we have to ensure that these dispute resolution hubs are not controlled by a "self-perpetrating clique", Chief Justice D Y Chandrachud has said. Speaking at the Supreme Court of the United Kingdom, Chandrachud said now is the time for countries such as India to step up to the occasion to create and promote a culture of commercial arbitration and the robust institutionalisation of arbitration will further the culture of arbitration in the Global South.

Ibrahim Ali, who faces a life term for the 2017 killing.But Ali, who was appearing in B.C. Supreme Court by video link, refused to pick up the phone to listen to his interpreter, prompting a long exchange with Judge Lance Bernard who asked for an explanation.Ali told Bernard in broken English that listening to the girl’s father was “a no from me,” saying he “did not kill” the man’s daughter and was not in Burnaby’s Central Park the day she was murdered.Ali’s DNA matched semen found in the body of the girl, who can’t be named because of a publication ban.A jury took less than 24 hours to find Ali guilty of first-degree murder at the end of his eight-month trial last December.The conviction carries a mandatory life term with no chance of parole for 25 years.Ali was wearing an orange sweat suit and black gloves at Thursday’s hearing and could be seen at times pacing or picking his teeth.Before testing the father’s video, the court discussed plans for Friday’s sentencing hearing, and the Crown summarized the post-release restrictions they will be seeking.At that point, Ali interjected through his interpreter, saying: “Tell the judge now, tell the judge now, I didn’t kill that girl and I didn’t walk into that park.”The judge then instructed the interpreter not to interject on behalf of Ali.

Bengaluru becoming the fifth Indian city to be connected to the UK's second-largest airport, Air India has announced that it will start non-stop services between Bengaluru's Kempegowda International Airport and London Gatwick (LGW), starting August 18 this year.

27 countries of the European Union will join the European elections which began yesterday i.e. on June 6.

ITC: Shareholders of ITC have approved the demerger of the company’s hotel business, paving the way for the listing of ITC Hotels. The decision was made during a virtual meeting, with 99.6% of shareholders voting in favor.

the trial finally began in mid-March. Lynch, 58, had been free on $100 million bail. Being accused of a massive fraud represented a dramatic turn in fortune for an entrepreneur once described as the Bill Gates of Britain — a title he seemed to live up to when he negotiated the Autonomy sale that generated a more than $800 million windfall for him.

United States Bipartisan Commission on Biodefence have issued a stern warning to NASA to focus on stopping 'space viruses' that may pose a danger to humanity and put us again into a Covid-pandemic scenario. According to the latest report released by the Commission, NASA has been asked to switch its focus from 'aliens' to real threats like these space viruses.

yacht gliding across the ocean also being able to fly for a distance? This may have come true in some sci-fi fiction and movies. Now, this has become a reality, thanks to a London-based firm that is trying to make into a reality. It has been named a ‘flying pyramid’ due to its shape. The Tetra’s concept design would use hydrofoil to give it the impression that it is flying above the water. This is expected to scale up the sale for luxury living as yachts are popular in high-income groups across the UK. It is also expected to revolutionize the tourism industry, once it comes into commercial production and the business details are worked out. This has been reported by the Metro newspaper.

Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to «delist» the Bitcoin Satoshi Vision (BSV) cryptocurrency. Binance and exchanges including Kraken are being sued at London's Competition Appeal Tribunal (CAT) in a case brought on behalf of over 200,000 BSV owners.

Online trading platform Robinhood Markets (HOOD) agreed to buy European cryptocurrency exchange Bitstamp for about $200 million, in a deal that will expand Robinhood's cryptocurrency and international business, according to a release Thursday.

Robinhood Markets has announced an agreement to acquire Bitstamp Ltd ., one of the oldest and most respected cryptocurrency exchanges, in a $200 million all-cash deal.

Capitulation on the bond markets was heavy, with investors pulling a net £643m from funds, the second-worst figure on record, only beaten by March 2020. UK-focused equity funds endured the same fate, also chalking up a second-worst month on record, as a net £1.11bn exited the space. The outflows are beaten only by June 2022's £1.14bn figure, which marks the worst month to date. According to the report, actively managed funds suffered the brunt of the UK equity withdrawals, shedding £792m over the month. Inflows into North American funds fell sharply but remained positive last month...

Founded in 2011, UK-based Bitstamp has over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood, helping the platform take on major exchanges such as Coinbase. Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will also help Robinhood move beyond the retail market and secure institutional clients. Johann Kerbrat, GM, Robinhood Crypto, says: “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.” The Bitstamp team will join Robinhood when the deal closes in the first half of next year, subject to closing conditions.

LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.

According to the confirmed FTSE Russell June review, which will take effect on 24 June, SJP will be joined in the FTSE 250 by fellow leavers Ocado Group and RS Group, while Darktrace, LondonMetric Property and Vistry Group assume their places in the FTSE 100. The move follows dwindling inflows at the wealth manager amid a structural review of the business as attention grows on its charging structure. Earlier this year, the firm set aside £426m for potential client refunds and slashed its dividend. The existential threat at the heart of Britain's biggest wealth manager Year-to-date,...

boxer, Andrew Tham, aged just 28 years old, succumbed to injuries following a severe road accident in Scotland. The nasty incident and news of his death comes days after he went toe-to-toe in a title fight in the Celtic Featherweight title clash against George Stewart.