Britain Financial News
20.12 / 00:13
Provident
CEO
Platform
Gap
Kraken
electronic
Fiat Republic raises $7m to bridge gap between Web3 and banking
Kraken Ventures, Fabric Ventures, Arca, and Inovo.vc joined the round as well as existing investors Speedinvest, Credo Ventures and Seedcamp. Fiat secured $3.5 million in financing in 2022.The startup offers a single API integration coupled with a single compliance touchpoint, providing crypto platforms with access traditional transaction banking services, cutting the time and cost of processing fiat currencies.The company is also building a coalition of crypto platforms to "transform the perception of cryptocurrencies in traditional financial circles and focusing them on seeking partnership rather than conflict".Meanwhile, Fiat has been granted a full electronic money institution licence by De Nederlandsche Bank, enabling it to provide regulated financial services across the European Economic Area.
20.12 / 00:08
Citi
FIFA Club World Cup 2023 final live streaming: Where to watch Manchester City's match
FIFA Club World Cup 2023 final in Saudi Arabia after defeating Japanese club Urawa Red Diamonds. The reigning Premier League and UEFA Champions League champion will face Brazilian club Fluminese in the summit clash. Ahead of the FIFA Club World Cup 2023 final, there will be a third-place match between Al Ahly and Urawa Red Diamonds. That match will take place on Friday, December 22 at 9.30 am (ET).
19.12 / 21:07
UK
crypto tax
HM Treasury
services
Crypto Tax Software CoinTracking Launches Services in the UK to Demystify Tax Code
Digital asset tax solution, CoinTracking has launched its services in the UK providing investors multiple opportunities for tax calculations, and payments as well as keeping tabs on compliance requirements.
19.12 / 21:01
FIVE
Digital
performer
innovations
testing
regulatory
UK Treasury Unveils Regulatory Framework for Digital Securities Sandbox
The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act.
19.12 / 20:13
Bill
Lok Sabha discusses bills seeking to replace existing criminal laws
New Delhi: The Lok Sabha discussed on Tuesday three bills — Bharatiya Nyaya (Second) Sanhita, Bharatiya Nagarik Suraksha (Second) Sanhita and Bharatiya Sakshya Bill — seeking to repeal and replace the Indian Penal Code, 1860, Code of Criminal Procedure, 1973, and the Indian Evidence Act, 1872, respectively. The bills were introduced by Union home minister Amit Shah in the monsoon session and were referred to a parliamentary standing committee. The initial bills were withdrawn and were reintroduced during this session, incorporating certain suggestions made by the committee.
19.12 / 18:47
economics
inflation
Bank of England
UK
Interest rates
monetary policy
BoE's newest rate-setter Breeden warns further tightening cannot be ruled out
Sarah Breeden (pictured), the Bank of England's new deputy governor for financial stability.
19.12 / 17:53
19.12 / 16:53
Waters
Action
Stealth
track
reports
Indian Navy rescues injured crew from hijacked ship MV Ruen, shifts him to INS Kochi for treatment
MV Ruen, which was hijacked by around six pirates, 680 nautical miles east of Bosaso, the commercial capital of Somalia’s breakaway Puntland region, was moved on Monday to Indian stealth destroyer INS Kochi for medical assistance following a bullet injury in firing by pirates, news agency ANI reported Tuesday. The crew member had a bullet injury near his shoulder during the piracy incident but was reported to be stable.
19.12 / 15:01
Citi
ETF
MSCI
show
Citi warns of profit taking as futures positioning is 'extended and one-sided'
Futures positioning is currently extended and one-sided after a massive rally in stocks since late October. With profit levels accumulating, there is a potential for short-term profit-taking and headwinds, Citi strategists write.
19.12 / 14:57
Cooper
cover
India negotiating trade pact with EU, UK, Sri Lanka, Peru
India is negotiating free trade agreements with the European Union (EU), the UK, Sri Lanka, and Peru, according to a year-end review statement of the commerce ministry. India-European Union (EU) free trade agreement negotiations were formally re-launched on June 17 2022.
19.12 / 13:39
19.12 / 12:41
Waters
economy
Southern
Actor
UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce
security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region. The United States said earlier on Tuesday it was setting up a task force of ships to protect shipping in the Red Sea and Gulf of Aden, key trading routes, to protect shipping from the rising number of attacks launched by Houthis in Yemen. The Houthis have stepped up attacks in response to Israel's assault on the Gaza Strip, forcing oil major BP and freight firms including Maersk to avoid the area. Britain's Ministry of Defence (MoD)said on Tuesday that HMS Diamond, which shot down a suspected drone in the Red Sea on Saturday, would join the U.S.-led international taskforce, as it warned of the rising threat levels. «These illegal attacks are an unacceptable threat to the global economy, undermining regional security and are threatening to drive up fuel prices,» Britain's defence minister Grant Shapps said in the statement. «This is an international problem that requires an international solution.» Britain said that alongside HMS Diamond the task force currently includes three U.S. destroyers, and a French warship is in the region.
19.12 / 12:24
Digital
CEO
Platform
NXT
social
reports
2024
Who is Kavya Maran? All you need to know about SunRisers Hyderabad CEO amid IPL Auction 2024
₹20.50 crore at the Indian Premier League (IPL) 2024 mini-auction on Tuesday, December 19. Follow IPL Auction 2024 Live Updates here Pictures of Maran went viral social on Tuesday as social media users took notice of "a big smile on her face" after SunRisers Hyderabad bought Sri Lankan leg-spinner Wanindu Hasaranga at the base price of ₹1.5 crore. She is a well-known name in the IPL and has, time and again, grabbed attention during the matches.
19.12 / 12:22
19.12 / 10:56
NASDAQ
companies
valuations
Nasdaq executive: We are in talks with many UK firms seeking listings - reports
Bosses at the London Stock Exchange are involved in a charm offensive to cement London’s place as an attractive location to list, and the government is currently pushing ahead with reforms to make it easier to list here.
19.12 / 10:56
acquisitions
Real Estate
London Stock Exchange
Investment trusts
REIT
LondonMetric Property in talks to acquire LXi REIT
The boards said a merger would result create a UK-focused triple net lease REIT of scale with a pro forma gross asset value of approximately £6.4bn and market capitalisation of £3.9bn.
19.12 / 10:56
economics
Interest rates
Bank of Japan
Yen
Bank of Japan holds off on raising negative rates
The Japanese currency fell on the latest announcement from the BoJ and is still down 9.5% this year against the dollar, though it has bounced back from historic lows over the past month on expectations of policy tightening.
19.12 / 09:49
Provident
Racing
Enterprise
Deloitte
country
exclusive
reports
From Musk to Mittal, Ambani to Amazon: Why such a big race for satcom?
satcom, a new way to access the internet as opposed to the traditional telecom networks. The differences over how companies get spectrum has divided the industry. Many want the government to allocate spectrum while others want it to auction it.
19.12 / 06:42
Career
show
country
testing
Managers need to pay attention to employees' emotional needs: BCG survey
When asked directly what would drive them to take a new job, employees’ answers are focused on functional factors, with pay the overwhelming top choice, followed by benefits and perks, work/life balance, work they enjoy and care about, and better career learning opportunities, finds a survey of 11,000 employees from eight countries (US, Canada, UK, France, Germany, Australia, Japan, and India) conducted by Boston Consulting Group (BCG).
19.12 / 06:23
Citi
FIVE
Booking
film
show
performer
reports
Dunki Advance Booking: Shah Rukh Khan’s movie mints over ₹15 crore
Dunki Advance Booking: Shah Rukh Khan’s next movie Dunki, directed by Rajkumar Hirani, has witnessed a spectacular start with its advance bookings. For Day 1, it has signalled a strong performance at the Indian Box Office. The movie will be released on December 21.
19.12 / 05:29
Cooper
Fighting
country
reports
gatherings
The leaders of Italy, the UK and Albania meet in Rome to hold talks on migration
The leaders of Italy and the U.K. have agreed to tackle irregular migration to Europe
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