Britain Financial News

A member of Britain’s House of Lords has acknowledged that she repeatedly lied about her links to a company that was awarded lucrative contracts to supply protective equipment during the coronavirus pandemic

Nissan Motor Co. is expanding its research ties with a leading Chinese university as it and other foreign car companies try to claw back market share in the important Chinese market

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns

Red Sea and Gulf of Aden to try to safeguard commercial shipping against attacks by Yemen's Houthi rebels, who say they are supporting Palestinians under siege by Israel in the Gaza Strip. A statement on Tuesday by U.S. Defense Secretary Lloyd Austin, on a visit to Bahrain, identified several countries taking part in an international force.

NEW DELHI : The fourteenth round of free trade agreement (FTA) negotiations between India and the UK will start in January 2024, the ministry of commerce and industry said in an official statement on Monday. According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. Negotiators of both the parties – India and UK – discussed complex issues, including goods, services, and investment, in person as well as virtually.

London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users to purchase cryptocurrencies starting in 2024. The move comes in response to new crypto regulations enacted by the United Kingdom’s Financial Conduct Authority (FCA) to protect investors from risky crypto investments.

NEW DELHI : Bhavish Aggarwal, cofounder of Ola Cabs, has announced a startup that he said is building “India’s own" foundational artificial intelligence (AI) model. The government, too, has been speaking about an India AI Programme. What exactly is ‘Indian’ AI? Mint decodes: What is colloquially referred to as ‘Indian’ AI is currently aspirational, referring to datasets that foundational AI models are trained on.

Snowden Lane Partners has marked the opening of its 15th office across the U.S. with a second location in Florida.

By Jonathan Saul

Since 8 October 2023, firms wishing to promote cryptoassets in the UK must, by law, be authorised or registered by the FCA, or have their marketing approved by an authorised firm. Under FCA rules, promotions must also be clear, fair and not misleading, labelled with prominent risk warnings and must not inappropriately incentivise people to invest.

GFO-X is preparing for the launch of a digital asset derivatives marketplace for institutional investors. In May, the firm secured an agreement with London Stock Exchange clearing house LCH for secure settlement via its new, segregated central counterparty clearing service, LCH DigitalAssetClear.Corentine Poilvet-Clédière, CEO, LCH SA says: “LCH SA is excited to be working with GFO-X, together with the industry, to provide a regulated marketplace for bitcoin index futures and options as we look to expand our services to become a truly international clearing house.

The auction will have 116 capped players, 215 uncapped players, and 2 players from associate nations. Out of the available 77 slots, up to 30 will be reserved for overseas players. The previous IPL player auctions have seen some remarkable records being broken. In the TATA IPL 2023 auction, a total of 80 players were sold, and the franchises collectively spent Rs 167 crore in Kochi. All-rounders were in high demand, and English player Sam Curran became the most expensive player in IPL auction history, returning to the Punjab Kings with a bid of Rs 18.50 crore. Mumbai Indians bought Cameron Green for Rs 17.50 crore, and Chennai Super Kings acquired Ben Stokes for Rs 16.25 crore, making them part of the top 10 most expensive players in IPL history. In the 2022 auction, 204 players were sold, and Rs 551 crore was spent by the franchises in Bengaluru. Young Indian cricketers stole the show, with Ishan Kishan fetching the highest bid of Rs 15.25 crore, securing his return to the Mumbai Indians. Deepak Chahar rejoined the Chennai Super Kings for Rs 14 crore, and Shreyas Iyer was bought by Kolkata Knight Riders for Rs 12.25 crore. Avesh Khan became the most expensive uncapped player in IPL history, with a bid of Rs 10 crore. In the list of top 10 most expensive players events two Indians — Yuvraj Singh and Ishan Kishan — make into the list while English all-rounder Ben Stokes features twice.

Coronavirus has not been defeated completely and Covid-19 has not disappeared forever contrary to public belief. The deadly virus that caused the pandemic three years ago is back in a somewhat changed form. It is evident by the fact that the sub-variant of the Pirola strain has spread, with a rise in deaths reported in some countries including a European total of 874 deaths in the seven days up to December 4.

Security Council could vote as early as Monday on a proposal to demand that Israel and Hamas allow aid access to the Gaza Strip — via land, sea and air routes — and set up U.N. monitoring of the humanitarian assistance delivered. Diplomats said the fate of the draft Security Council resolution hinges on final negotiations between Israel ally and council veto power, the United States, and the United Arab Emirates, which has drafted the text.

₹11,507.05 crore and bought stocks for ₹11,473.54 crore, resulting in an outflow of ₹33.51 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹9,657.75 crore and offloaded shares worth ₹9,243.87 crore, resulting in an inflow of ₹413.88 crore, the exchange data showed. On Friday, the FIIs bought equities worth ₹9,239.42 crore.

The new labelling regime is set to become mandatory for firms from 31 December 2024, but they can begin to use them from 31 July next year.

In the trust’s extraordinary general meeting last week (15 December), 82.7% of votes were cast in favour of the proposal.

He said a lot of economic metrics – such as GDP, employment and wages – may not be 'perfectly measured', which is why often the relevant information comes with a delay leading to revisions to several data sets.

Miriam Cates is under investigation by the parliamentary commissioner for standards over claim that she caused significant damage to the reputation of the Commons and its members. Cates is MP for Penistone and Stocksbridge in South Yorkshire It was confirmed by the watchdog on their website. Allegation details is yet to be revealed.

Travelopedia 2023 on Monday. The company said Travelopedia 2023 draws insights from Oyo’s global booking data and unveils key trends that have shaped travel experiences for its over 93 million users across India, UK, US, Germany, Denmark, Belgium, Netherlands, Indonesia, Malaysia, and the rest of Asia and Europe, spanning January 1 to December 1, 2023. As per the report, Hyderabad emerged as the most booked city in India followed by Bengaluru, Delhi, and Kolkata.

All five VCTs, which have total net assets of £579m, aim for an annual dividend target of 5% of net asset value.