Britain Financial News

Organised by shareholder campaign group Follow This, the resolution currently has the backing of around five per cent of Shell's stock. | Credit: iStock

Andrew Jackson (pictured) was previously head of fixed income at Credit Suisse Asset Management.

Ardevora co-founder and CIO Jeremy Lang

Payouts reached record levels last year, with companies in the broad MSCI Europe index paying a total of about €407bn. In 2025, the total sum is expected to hit €460bn.

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.

Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month. Asked about Tesla's entry and New Delhi's planned policy to lower import taxes, Mahindra Managing Director Anish Shah said his company had made representations to Indian officials saying global EV makers must be nudged to invest in India. «It should be a level playing field and investing in India is important,» Shah told Reuters in an interview at the World Economic Forum annual meeting, without referring to Tesla by name. «Our approach is essentially to create a stronger industry in India, and not to be in a situation where manufacturing is done outside India, and India just becomes an importer of products,» he added. India sold 4 million cars last year and just 82,000 of those were EVs, but the nascent segment clocked sales growth of 115% versus the previous year. Mahindra has raised around $400 million from Singapore's Temasek and British International Investment, while private equity firm TPG and Abu Dhabi state holding company ADQ invested $1 billion in 2021 in Tata. Shah said Mahindra has plans to list its EV unit, but not before 2029 «because we need to be able to show significant success in that business.» «For us, electric is the future,» he said. Tesla has proposed setting up an Indian factory but also demanded

Canada is considering imposing a cap on the number of international students due to a housing affordability crisis exacerbated by high demand from foreign students. Immigration Minister Marc Miller recently announced a slew of new requirements for foreign students wanting to come study in Canada including proof of more accessible funds. The previous $10,000 proof of accessible funds has been raised to $20,635, with adjustments based on Statistics Canada's living cost benchmark.

Thiruvananthapuram: National award-winning playback singer K S Chitra has faced criticism on social media following her recent video message encouraging people to chant Lord Ram hymns during the upcoming Ram temple consecration ceremony in Ayodhya on January 22. In the circulated video, the renowned singer urged everyone to chant the 'Sri Rama, Jaya Rama, Jaya Jaya Rama' mantra at 12.20 pm during the consecration ceremony and light five-wick lamps in the evening to mark the occasion. However, the video stirred controversy, with some netizens expressing disapproval, stating that she shouldn't have endorsed the Ram Temple and accusing her of taking political sides. Others, though, supported Chitra, asserting her right to express her opinion freely.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

ITC Ltd on Tuesday said its Non-Executive Director David Robert Simpson has resigned due to personal reasons. His resignation will be effective from January 30, the Kolkata-headquartered company said in a regulatory filing. Simpson was on ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc.

The estimated number of vacancies in the last quarter of 2023 continued to fall to 934,000 – a 49,000 reduction – marking Q4 2023 as the 18th consecutive quarter of vacancy falls, and the longest consecutive run of quarterly falls ever recorded.

At completion, the combined entity will be rebranded to Panmure Liberum.

(Reuters) -Credit data firm Experian (OTC:EXPGF) posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region.

Rapid economic growth, stable monetary policies, and a boom in credit have raised the purchasing power of India's wealthiest over the past decade. The number of Indians with annual earnings exceeding $10,000 has soared from 24 million in 2015 to 60 million, now constituting 4.1% of the nation's population, a Goldman Sachs report on Friday said. The significant increase in the value of financial and physical assets in the past three years is what has powered this new affluence.

Extreme cold has swept across Canada, bringing heavy snowfall and strong winds and breaking temperature records in Alberta, British Columbia, Saskatchewan and the Northwest Territories.Those temperatures, the Red Cross warns, can bring frostbite and hypothermia — even death.“As Canadians, no matter where we are, whether it’s Winnipeg or up north or Victoria, we all experience some level of winter,” said Jason Small, Canadian Red Cross spokesperson.“And we need to be prepared for that.”The advice comes as Alberta has issued multiple alerts to the public over the last three days to immediately conserve electricity as its provincial power grid strains to keep up with demands amid the frigid temperatures.Parts of B.C. and southern Ontario are also facing deep freezes.Searches for terms like “extreme cold” have spiked on Google among Canadian users and are projected to keep climbing.

By Ankur Banerjee

OpenAI has made a number of policy changes to prevent its generative AI-based technologies such as ChatGPT, Dall-e and the rest from undermining the 'democratic process' during upcoming elections. Notably, the world's leading democracies, including the US, UK and India, will go to the polls this year.

Times of India has reported. As per the report, these most wanted fugitives include defense dealer Sanjay Bhandari, diamond trader Nirav Modi and Kingfisher Airlines promoter Vijay Mallya. In order to seize the "proceeds of crime," efforts are being made to locate their properties in the UK and other nations, the report stated.

CBI), the Enforcement Directorate (ED), and the National Investigation Agency (NIA) to the United Kingdom, in a bid to speed up the extradition of Indian fugitives, including the likes of diamond trader Nirav Modi and Kingfisher's Vijay Mallya. According to a Times of India report, sources told the publication that a senior officer from the foreign ministry is heading the team, which is set to meet with UK authorities via the Indian High Commission in London.

Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank's interest rate trajectory.