Britain Financial News

Bank of Canada readies for its interest rate decision on Wednesday, experts say.The spring housing market, which kicks off in March, is typically one of the busiest times of the year for home buyers and sellers in Canada.So far, the spring housing season is a “mixed picture,” according to RBC assistant chief economist Robert Hogue, as the Bank of Canada’s benchmark interest rate remains high and boxes out some prospective buyers.Preliminary data from local housing boards show some western markets, particularly in Alberta, saw a strong uptick in home sales in March. In Toronto, housing activity has declined for two consecutive months.Average home prices are meanwhile ticking up in some regions including the GTA after a correction in the market tied to the central bank’s rate tightening cycle over the past few years.“In some parts of the country, that recovery seems to be relatively robust,” Hogue tells Global News.

Ola Cabs is set to exit all of its existing international markets, namely the UK, Australia and New Zealand by the end of this month. The company has started sending out notifications to users about the impending closure, with operations set to cease in Australia from April 12. The firm had announced its rollout in Australia and New Zealand in 2018.

Parag Parikh Flexi Cap Fund, the largest scheme in the flexi cap category based on assets managed, bought 8.8 lakh shares of ITC last month amid selling pressure on the Nifty stock amid a stake sale by British American Tobacco Plc (BAT). The share price of ITC fell to Rs 399.35 on March 12, 2024. BAT on March 13 sold a 3.5% stake in ITC through open market deals at Rs 400.25 a share, amounting to a total of Rs 17,485 crore. BAT, which makes Dunhill and Lucky Strike cigarettes, sold 43,68,51,457 shares of the cigarette-to-hotels conglomerate to institutional investors through an accelerated book-building process.

The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives.

Prime Minister Justin Trudeau says Canada is exploring the possibility of joining the second phase of AUKUS, a U.S.-led alliance with the United Kingdom and Australia.

global capability centres (GCCs) in India slowed in the year to March based on a dipstick survey of 80 companies by specialist staffing firm Xpheno for ET. While India remains a hotspot for GCCs, with the number of such centres growing, the segment added a net 50,000-80,000 people in FY24, down from 150,000 in FY23.

A few weeks ago, when the gold price hit a record high, no one besides a few gold bugs seemed to care. Bitcoin also hit a record high. Everyone cared.

French troops joined their British counterparts in the famous Changing of the Guard ceremony outside Buckingham Palace for the first time Monday, marching together in a display of solidarity between Britain and France amid the war in Ukraine. At a parallel ceremony in Paris, British soldiers donned tall bearskin hats to take part in an unprecedented joint military parade in front of the presidential Elysee Palace, as the French army choir sang the two national anthems, «God Save the King» and «La Marseillaise.» The twin events were to celebrate the 120th anniversary of the Entente Cordiale, the 1904 diplomatic agreement between Britain and France that paved the way for their collaboration in both World War I and World War II.

Biocon is building capability “to take advantage of what could be a very, very strategic peptide opportunity with GLPs at the center," Group Chief Executive Officer Peter Bains told analysts in November. The loss of exclusivity for GLPs will create a multibillion dollar market over the next 10 years and this opportunity was “very complementary" to Biocon’s current biologics business, according to Bains. In the UK, Mittal said the company will wait for the publicly-funded, National Health Service, to issue a tender to launch its liraglutide injectible.

The West Virginia United Students’ Union is the leading oppositional force against cuts at the state's flagship university

MUMBAI : Mumbai: New-age lender Veritas Finance Pvt. Ltd is preparing to raise ₹2,000 crore from an initial public offering, and has appointed Kotak Mahindra Capital Co., Jefferies, HDFC Ltd and ICICI Securities to help it with the share issue, three people with knowledge of the development said. Last year, the Chennai-based non-banking financial company had raised ₹1,200 crore in equity funding from Multiples PE and International Finance Corporation, among others, to expand access to capital for India’s micro, small and medium enterprises (MSMEs).

The AIC noted the last tax year marked the third highest fundraising by VCTs, despite falling 18% from just over £1bn in 2022/23. The sector's record was reached in the 2021/22 financial year, when fundraising hit £1.1bn, meaning that in the last three tax years, VCTs raised more than £3bn. Investment into VCTs hits £144.5m in four weeks as tax year end looms Richard Stone, CEO of the AIC, said: «The continued strong fundraising by VCTs will be a great benefit to the UK's innovative young businesses in a challenging environment. „This support has an impact beyond the businesses ...

London, focused on product development and research. The unit will be led by Mustafa Suleyman, the London-born cofounder of Google DeepMind, who Microsoft hired last month.

LCH will provide clearing through its new DigitalAssetClear service for cash-settled Bitcoin index futures and options contracts traded on the UK-based digital asset derivatives trading venue, GFO-X. Launching later this year, LCH DigitalAssetClear will operate a fully segregated clearing service - including a segregated default fund and a dedicated set of clearing rules - for market participants clearing these instruments.

global temperatures have raised significant concerns, with scientists at the Concordia research station on the eastern edge of the Antarctic plateau documenting a remarkable phenomenon. On March 18, 2022, they recorded the highest temperature ever observed at the meteorological center; 38.5 degrees Celsius, well above the seasonal average. This alarming temperature surge in one of the coldest regions on Earth has left researchers deeply troubled, fearing potential catastrophes. Professor Michael Meredith, head of the British Antarctic Survey, described the event as «simply mind-boggling,» emphasising the potential deadly consequences if such a temperature rise were to occur in the UK.

Prime Minister Narendra Modi and Union Home Minister Amit Shah. The state sends 26 members to Lok Sabha and has been a BJP stronghold for close to three decades. On April 6, a group of women from the Kshatriya (Rajput) community threatened to perform ‘johar’ (self-immolation) outside the BJP headquarters in Gandhinagar, Gujarat.

Congress manifesto. Kharge said that Modi-Shah's political and ideological ancestors supported the British and Muslim League against the Indians in the Freedom Struggle.

₹47,000 in visa costs and agent fees as well as the charges for cancellation of flight tickets and hotel bookings. To add to her woes, the travel insurance was non-refundable. Ashar’s monetary loss was equal to what she had paid for the round-trip flight tickets.

IPL 2024: Delhi Capitals (DC) has brought in South African fast bowler Lizaad Williams to replace Harry Brook, who left the Indian Premier League (IPL) to mourn his grandmother. Williams, who has played for South Africa since 2021, will now join Delhi Capitals for ₹50 lakh. DC had signed Brook for ₹4 crore.

Panama Papers Scandal: Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub. The defendants due to go on trial in a Panamanian criminal court include Jurgen Mossack and Ramon Fonseca Mora, the founders of the now-defunct law firm at the centre of the scandal.

Yogi Adityanath accused the grand old party of being compassionate with the terror suspects and called it the “biggest problem" for the country. The chief minister was addressing a public rally in Rajasthan's Sikar seat as a part of Lok Sabha election campaign for BJP candidate Sumedhanand Saraswati. Rajasthan will go to the polls in two phases, April 19 and April 26.