Britain Financial News
23.02 / 08:33
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Karnataka plans new ministry to address concerns of NRIs
Karnataka is planning to establish a dedicated ministry for the well-being of Kannadigas living abroad. Karnataka Home Minister G Parameshwara on Wednesday reiterated the state government's commitment to establishing a ministry for the well-being of Non-Resident Indian (NRI) Kannadigas. This announcement aligns with the promises made in the Congress's 2023 assembly polls manifesto. NRIs hailed from Canada, the United Kingdom, the United States of America, Australia, Singapore, and Western Asian countries were invited by Speaker U T Khader to witness the assembly proceedings.
23.02 / 05:43
markets
UPS
Election
Research
Trade
country
reports
India's trade pacts with UK, Oman, EFTA bloc positive signal of economic integration with world: GTRI
trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research Initiative (GTRI) said the free trade agreements (FTAs) have become pivotal instruments for India's economic expansion and integration into the world market. These nations and the bloc are eager to finalize these agreements before the upcoming general elections, GTRI said, adding the talks are on the verge of conclusion. Signing of these three agreements will take India's FTA tally from 13 to 16.
23.02 / 05:43
Digital
Entertainment
Sony
reports
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Sony Music India FY23 net up 11% at Rs 227 crore
net profit at Rs 227 crore for the fiscal ended March 2023. The company had recorded a net profit of Rs 204 crore in the previous fiscal. According to the company's financial data sourced by Tofler, operating revenue increased 26% to Rs 745 crore, with 64% of the revenue coming from outside India.
23.02 / 05:43
community
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International
NOT
I'm not Malala and safe in my India: Kashmiri Yana Mir counters 'fabricated stories of oppression' in UK Parliament
Kashmiri journalist and activist Yana Mir made a powerful statement at the 'Sankalp Divas' event hosted by the UK Parliament, denouncing Pakistan's propaganda against India and asserting her safety and freedom in Kashmir, which is an integral part of India. In her address, Mir emphasized that she is not Malala Yusufzai, who had to leave her country due to threats of terrorism. Mir stated, «I am not a Malala Yusufzai, because I am free and safe in my country, India. In my homeland, Kashmir, which is part of India.»
23.02 / 04:39
23.02 / 03:03
markets
UPS
Citi
Target
economy
Gold set for weekly gain on safe-haven inflows, softer dollar
Gold prices on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the U.S. Federal Reserve is likely to begin cutting its interest rates. FUNDAMENTALS
23.02 / 03:03
markets
Gap
Trade
show
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tenor
MOH
Yen sinks as currency traders keep short and carry on
yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time. The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. The greenback is the best performing.
23.02 / 02:11
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Israel-Gaza war: ‘Hamas doesn't represent Palestinian people,’ says US President Joe Biden
Joe Biden on Friday said that the majority of ‘overwhelming’ Palestinians are not Hamas and further alleged that they're also suffering as a result of Hamas' terrorism. In a post on X, Biden wrote, “I won't mince words.
23.02 / 02:11
Sustainability
BBC
Death
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Freedom
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rights
Farmers' Protest: ‘Human rights must be protected’, says UK MP Tanmanjeet Singh on Shubkaran's death
Delhi Chalo march. Tanmanjeet Singh Dhesi, a Sikh Member of Parliament from Britain said the ‘freedom of expression’ of farmers must be protected. Addressing the Parliament, the Dhesi MP said, “Many of my Slough constituents, including members of the Sikh community and Gurdwaras have written to me regarding their serious concerns about the safety of protesting farmers in their attempt to march towards New Delhi." “Yesterday, a protestor was killed during a reported standoff with the police wherein, the cause of death was, and I quote: "a bullet wound to the head"," Singh told the House.
23.02 / 01:55
Discover
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Bitcoin
Courts
COPA
Craig Wright Releases 164,000 Pages of Evidence in COPA Trial
On February 20, self-proclaimed Bitcoin creator Craig Wright submitted 164,000 pages of fresh evidence in his legal battle against the Crypto Open Patent Alliance (COPA). The ongoing trial has sparked increased scrutiny over Wright’s claim that he created Bitcoin.
23.02 / 01:55
Digital
Bill
crypto regulation
reports
Features
Courts
UK Law Commission Seeks To Classify Cryptocurrencies As “Property” In New Draft Bill
Freshly proposed UK legislation would see cryptocurrencies officially classified as a new form of property, establishing greater legal certainty around digital assets at large.
22.02 / 21:46
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gatherings
MILAN FASHION PHOTOS: From Emporio Armani to Max Mara, designers are cocooning for next winter
MILAN — If there is one theme emerging at Milan Fashion Week, it is cocooning, hunkering down, enveloping one’s self in comfort clothing.
22.02 / 21:45
Action
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peace
International
Online fundraisers for violent West Bank settlers raised thousands, despite international sanctions
After the Biden administration applied sanctions on four Israeli settlers for acting violently toward Palestinians and activists in the West Bank, online fundraisers sprang to their aid
22.02 / 19:23
markets
economy
Enterprise
wellness
country
information
Features
Capitalism varies across as well as within individual countries
There is a large literature on the varieties of capitalism seen around the world. In their Introduction to the much-cited volume on Varieties of Capitalism (Oxford University Press, UK, 2001), Hall and Soskice classified capitalist countries into two broad groups: Liberal market economies (LMEs) such as the US, UK, Canada, Australia, New Zealand, and coordinated market economies (CMEs) such as Germany, France, Japan, Sweden and Austria. In LMEs, firms coordinate their interaction with each other and other stakeholders through hierarchies and the market.
22.02 / 18:18
COST
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Trade
Experts
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social
Mint Primer | India and the Red Sea sharks: crisis without an end?
Houthi attacks on commercial ships in the Red Sea, in reprisal for Israeli bombing of Gaza, continue unabated and the disruption they are causing is beginning to pinch. As the crisis enters its fourth month, Mint looks at the impact on India and the sectors that have been hit. There are no signs at all of any improvement.
22.02 / 18:05
BASF
Cheniere Energy forecasts downbeat 2024 profit as natgas prices plunge
(Reuters) — U.S. liquefied natural gas (LNG) company Cheniere Energy (NYSE:LNG) on Thursday forecast a lower core profit for 2024 as prices of the fuel buckle under excess supply, sending its shares down 1.7% premarket.
22.02 / 16:41
markets
UPS
SEC
Morningstar
Research
Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'
Train follows a «well-defined» investment philosophy, but has become «gloomier» on small and mid-caps due to market liquidity concerns amid outflows, the firm's fund research analysts said in their latest qualitative Medalist Rating rebalancing. The £1.8bn Finsbury Growth & Income trust has underperformed the AIC UK Equity Income sector in the past three years, according to the Association of Investment Companies. In share price terms, the trust is up 4.1% in the last three years, while the sector has gained 17.2%. Its NAV total return is up 12.6% over the period, compared to the sec...
22.02 / 16:41
markets
Platform
security
performer
UK to give retail investors access to newly issued gilts for the first time
Investors will be able to buy government bonds for the first time in the primary market via the Winterflood Retail Access Platform (WRAP), as Winterflood Securities is the UK government-appointed dealer for debt. Winterflood said individual investors will be able to buy new conventional gilt issues maturing in 2031 from 28 February. Gilts claim spot in ii Q3 performance index as investors hunt for yields The sale will also be facilitated by other platforms, including Hargreaves Lansdown and interactive investor, which are using WRAP for this issue. This will allow retail investors ...
22.02 / 13:54
Target
students
Universities
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Schools
CBSE to conduct open-book exam trials in English, Mathematics, Science for classes 9-12 soon, says 'no plans for...'
CBSE) is planning a pilot run of Open-Book Exams (OBE) in selected schools for classes 9 to 12 later this year, according to officials. The idea was floated in the last governing body meeting of CBSE Board in December, 2023. Officials, however, said there is no plan to adopt the format in class 10 and 12 board exams.
22.02 / 12:55
Target
students
Universities
testing
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gatherings
Schools
CBSE to conduct trials of open-book exams for classes 9-12; no plans to adopt format in boards
CBSE) is planning a pilot run of Open-Book Exams (OBE) in selected schools for classes 9 to 12 later this year, according to officials. The idea was floated in the last governing body meeting of the Board in December, 2023. Officials, however, said there is no plan to adopt the format in class 10 and 12 board exams. «The CBSE is planning a pilot run of open-book assessments in selected schools, targeting subjects — English, Mathematics, and Science for Classes 9 and 10, and English, Mathematics, and Biology for Classes 11 and 12. The aim is to gauge the time taken by students to complete these tests and gather feedback from stakeholders. »The plan is in line with recommendations made in the National Curriculum Framework. These tests would undergo a pilot phase in schools to evaluate various aspects such as completion time, suitability for formative and summative assessment, and stakeholders' perceptions," a senior board official said.
22.02 / 10:20
UPS
Career
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performer
testing
bowling
Gujarat Titans' Mohammed Shami ruled out of IPL, to undergo ankle surgery
Mohammed Shami ruled out of IPL due to left ankle injury which would require surgery in the UK according to a BCCI source quoted by news agency PTI. Mohammad Shami was bought by Gujarat Titans for ₹6.25 crore at the IPL 2022 mega auction. "When he went for surgery the last time he was given some injections but that didn't work out for him.
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