Britain Financial News

10.01 / 16:00

markets Digital Racing economy Tesla Audi Features BMW converts century-old Munich plant to EVs only to challenge Tesla, BYD

BMW AG is spending €650 million ($712 million) to retool its parent factory in Munich into the company’s first site that will only make fully electric vehicles, part of a push to challenge leaders Tesla Inc. and BYD Co. The overhaul involves four buildings including a new assembly line and will be completed by the end of 2027, BMW said Wednesday.

10.01 / 14:03

COST Airlines Boeing awards pandemic Courts Delhi High Court summons SpiceJet’s Ajay Singh in case against Kalanithi Maran

₹440 crore in interest from the arbitral award, while SpiceJet claims it has already paid ₹100 crore following a court directive in August and owes an additional ₹194 crore. SpiceJet also anticipates a reimbursement of ₹400 crore from Maran if its arbitration challenge is successful. During previous proceedings, SpiceJet highlighted its financial challenges, citing operational losses, a negative net worth, and employee-related obligations that could lead to insolvency.

10.01 / 13:43

Target Progressive Strategy Election reports Features 2024 Lok Sabha Election 2024: BJP to announce candidates soon? How is party preparing for polls

India Today TV on Wednesday. The BJP is likely to contest on over 400 of the total 543 seats and is looking forward to winning 50 per cent vote share. The India Today report added that the BJP is expected to contest more seats in the 2024 Lok Sabha elections as compared to that in 2019.

10.01 / 13:40

Fund managers Baillie Gifford adds European fund co-manager amid performance challenges

Howarth joined the current fund managers Chris Davies and Stephen Paice on 1 January.

10.01 / 13:23

People moves Jupiter Jupiter fund manager and investment director to join Ben Whitmore new venture

Dermot Murphy co-manages the £957.1m Jupiter Global Value Equity fund alongside Whitmore.

10.01 / 13:14

markets UPS economy Fitch Research show country Bond market has a $2T debt problem that’s fast approaching

Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away.

10.01 / 11:58

Reuters security Sustainability Research performer track reports Rupee extends rising streak into sixth day on dollar inflows

The Indian rupee recouped early losses to end higher for a sixth consecutive session on likely foreign inflows.The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session.The local unit opened lower and hit an intraday low of 83.18 earlier in the day, before rising to an over three-week high of 82.98 in the session.

10.01 / 07:31

War Justice country prevention Courts International Israel taps top legal minds, including a Holocaust survivor, to battle genocide claim at world court

Israel is sending top legal minds, including a Holocaust survivor, to The Hague this week to counter allegations that it is committing genocide against Palestinians in Gaza. The robust engagement with the International Court of Justice is unusual for Israel, which normally considers the United Nations and international tribunals as unfair and biased. The decision to participate rather than boycott reflects Israeli concerns that the judges could order Israel to halt its war against Hamas and tarnish its image internationally.

10.01 / 06:30

UPS community Refugees reports Manipur CM Biren Singh to set up all-tribe panel to re-consider Scheduled Tribe status for Kukis

Indian Express report, Singh said Tuesday: “They were included in the list, but how it was included has to be reexamined. So before giving any comment, we have to form a committee consisting of all tribes, then only will we be able to send a complete proposal for deletion or inclusion… Anything might be… but after the committee is formed." The statement comes in the wake of the letter forwarded by the Union Ministry of Tribal Affairs seeking the state government’s views on the demand for deletion of the "nomadic Chin Kuki" community from Manipur’s ST list.

10.01 / 04:14

UPS Booking love show fun Interviews Narayana Murthy was ‘Bonus Dad’ to daughter Akshata Murthy, reveals book. Here's why

Sudha Murty's published biography 'An Uncommon Love: The Early Life of Sudha and Narayana Murthy' has been the source of many an anecdotes of the billionaire businessman. From being made to sleep on a box in a storeroom, to the ‘big regret’ the book has offered a plethora of narratives of Narayana Murthy.

10.01 / 03:51

UPS Southern War reports International US, UK forces intercept 21 Houthi drones and missiles in Red Sea

UK forces shot down 21 drones and missiles fired by Yemen-based Houthis on Tuesday into the Southern Red Sea towards international shipping lanes, the U.S. military's Central Command said. U.S.

10.01 / 02:45

markets UPS IPO Remark community country Phiroz Vandrevala, former TCS executive director, dies at 70

Executive Director of the company between 2007-2016. “Over his long tenure in the company, he made many significant contributions, including being part of the efforts to take TCS public in its IPO in 2004, opening up new markets, and mentoring a new generation of TCSers.

10.01 / 02:02

markets Trade show country 2020 reports fall Indian vs Chinese tourists in Maldives: The rise and fall in last 10 years

mocked Indian Prime Minister Narendra Modi over his Lakshadweep visit. Notably, Indians were only second to Russia in the chart showing tourist arrivals in the Maldives by nationality in January 2023. India was among the largest tourist markets for the Maldives in 2023.

10.01 / 01:39

Platform Election Injustice wellness social Centre 'Kannadigas insulted': CM Siddaramaiah lashes out at Centre for denying Karnataka a tableau in Republic Day parade

26 January Republic Day Parade, scheduled to be held in national capital Delhi. On Tuesday Karnataka Chief Minister Siddaramaiah took to microblogging platform X to hit out at Indian government by accusing them of ‘denying’ the Karnataka tableau because ‘there is Congress government’ in the state.

10.01 / 01:27

markets Maxim security Strategy economy Sustainability recommendations 2024 Navigating Bond Investments in 2024: Pimco's Strategy for Maximizing Returns

Quiver Quantitative — In the dynamic world of finance, bond markets are presenting a fascinating scenario for 2024. Pacific Investment Management, managing a staggering $1.7 trillion in assets, foresees a unique opportunity in bonds. Despite the steep decline in yields from last year's zenith, Pimco's recent cyclical outlook predicts bonds can still yield equity-like returns in the coming six to 12 months. This period is expected to sustain recent gains in the bond market, albeit without further extension, diverging from their October recommendation to increase interest rate exposure.

10.01 / 00:58

testing patient prevention B.C. to offer Canada’s first at-home, self-screening test for cervical cancer

B.C. residents will soon become the first in Canada to have access to an at-home, self-screening test for cervical cancer.About 200 people are diagnosed with cervical cancer a year in the province, Premier David Eby said Tuesday morning.He said doctors in B.C.

10.01 / 00:13

CEO Airlines Sustainability JetBlue President Justice Department JetBlue's CEO is stepping down, and he'll be replaced by the first woman to lead a big US airline

The CEO of JetBlue is stepping down, and he's being replaced by the first woman to head a major U.S. airline

09.01 / 23:49

Citi FIVE Aviat Aware Manufacturing Parke BURST Family of British tourist among 5 killed in 2018 Grand Canyon helicopter crash wins $100M settlement

A Nevada judge has approved a $100 million cash settlement to the parents of a 31-year-old British tourist who died in a helicopter crash at the Grand Canyon

09.01 / 22:45

Southern Justice show Courts Investigations Scandals Ex-UK Post Office boss gives back a royal honor amid fury over her role in wrongful convictions

The former head of Britain’s state-owned Post Office is handing back a royal honor in response to fury over her role in a miscarriage of justice that saw hundreds of postmasters wrongfully accused of theft

09.01 / 22:27

ETF UK Bitcoin Key Price Drivers for Bitcoin This Month + More Crypto News

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

09.01 / 22:26

BLOCK CEO Trade European Commission cover Videos Investigations Microsoft's OpenAI investment could trigger EU merger review

The European Union says Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a merger investigation

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