Britain Financial News
06.12 / 11:33
Platform
Fighting
Airlines
President
Xbox
show
medicines
US FTC tries again to stop Microsoft's already-closed deal for Activision
Microsoft's $69 billion deal to buy "Call of Duty" maker Activision Blizzard was legal under competition law, in their latest attempt to stop the deal. Microsoft closed the deal, originally proposed in January 2022 as the biggest acquisition in the history of the gaming industry, on Oct. 13 of this year after obtaining the approval of British regulators.
06.12 / 10:53
Provident
Binance
Digital
Booking
CEO
Department
compliance
New Binance CEO Richard Teng Addresses Compliance Issues in First Interview
Richard Teng, the newly appointed CEO of Binance, has faced a challenging debut during his first public interview.
06.12 / 10:45
Digital
economy
Boeing
reports
strain
Bank of England says UK coping with higher rates for now but sees risks ahead
LONDON, Dec 6 (Reuters) — British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to the way banks fund themselves, the Bank of England said.
06.12 / 09:21
Energy
inflation
UK
Interest rates
Healthcare
Recession
FTSE 100
2024
Investment trust managers bullish on information technology as top performing sector in 2024
Over a five-year horizon, 44% of fund managers said Information Technology would be the top performing sector.
06.12 / 09:21
06.12 / 09:19
‘The greatest’: Big crowds, big emotions in B.C. for Christine Sinclair sendoff
Big crowds and big emotions were on the menu as British Columbia’s biggest stadium prepared to play farewell host to one of the country’s most iconic athletes.
06.12 / 09:19
Aware
BAT writes down $31.5 billion from value of U.S. cigarette brands
LONDON (Reuters) -British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long term future.
06.12 / 08:55
Remark
WhatsApp
Healthcare
Experts
performer
reports
Nifty vs global peers: 10% uptick from November lows, but was it the top performer?
Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.
06.12 / 03:49
Metro
Hyundai
President
reports
medicines
Watch | Kim Jong Un cries as he tells North Korean women to have more babies
North Korea's Kim Jong Un's satellite snaps White House, Pentagon As per United Nations data, the average number of children being born in North Korea by a mother stood at 1.8 as of 2023 amid an extended fall in birth in recent decades. The figure remains higher than North Korea's neighbours which are also witnessing a downward trend.
06.12 / 02:02
Bill
country
reports
Winter Session 2023 Day 3: Nirmala Sitharaman to present Supplementary Demands for Grants 2023-24
Winter Session of Parliament, Union Finance Minister Nirmala Sitharaman will present a statement, in both English and Hindi, outlining the Supplementary Demands for Grants, 2023-24 in the Rajya Sabha. As reported by ANI, “Discussion on short duration notice on the 'Economic Situation in the country', raised by Trinamool Congress MP Derek O'Brien on 5th December to be continued today in the Rajya Sabha." Also Read: Winter session 2023: Discussion to be raised on ‘economic situation in the country’ Meanwhile, Bharatiya Janata Party MP Sumer Solanki and Biju Janata Dal MP Niranjan Bishi will present a copy, available in both English and Hindi, of the Study Visit Report conducted by the Committee on the Welfare of Scheduled Castes and Scheduled Tribes to Havelock Island, Port Blair, Mahabalipuram, and Mumbai from August 24, 2023, to August 29, 2023, to the Rajya Sabha.
05.12 / 19:05
Cooper
track
medicines
India and Oman begin talks on Free Trade Pact
Mineral fuels, inorganic chemicals, compounds of precious metals and iron and steel are India's top exports to Oman while oil, fertilisers and plastics are the top imports. Officials said that the negotiations will be fast tracked and the pact could be on similar lines as the one with the UAE. India's exports to Oman in April-September FY24 were $2 billion and imports were $2.1 billion. «Discussions have started and the agreement would be a comprehensive one,» said an official.
05.12 / 19:05
Fighting
vaccine
pandemic
country
cover
prevention
India among 8 nations seeking 5-year patent waiver for Covid diagnostics
In a submission to the World Trade Organization, they said that diagnostics and therapeutics are «essential tools for a comprehensive approach to fight the pandemic, that it is not over». The submission, made on behalf of 65 WTO members on Monday, came after the US refrained from taking sides in extending the waiver, which is applicable to Covid-19 vaccines only. For almost two years, India, South Africa and 80 other WTO members have sought a response for future pandemics through exceptions in the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement but the ministerial outcome of 2022 (MC12) only covered Covid-19 vaccines, with the US delaying an outcome on therapeutics and diagnostics. «The MC12 Decision on the TRIPS agreement is extended mutatis mutandis for the production and supply of Covid-19 therapeutics and diagnostics,» India and others said in the draft decision text on Monday. They asked the WTO to promptly respond to the ongoing Covid-19 pandemic and the challenge of inequitable access to therapeutics and diagnostics, and «respond to the criticism that the decision on vaccines came too little too late». Extension of the policy tools to therapeutics and diagnostics will result in a holistic approach to enable developing countries to address those intellectual property (IP) barriers that prevent the expansion and diversification of production and increase accessibility to crucial life-saving Covid-19 tools, they said. As per the draft text, «omitting these vital tools» will deter the effectiveness of the decision that aims timely and affordable access to effective vaccines against the ongoing Covid-19 pandemic. The submission assumes significance as last week, the UK, the EU, the US,
05.12 / 17:35
Manufacturing
Volkswagen
Bill
pandemic
country
testing
week
Lamborghini introduces four-day week for production workers
ROME (Reuters) -Lamborghini has reached a deal with unions to introduce a four-day week for its production workers, the labour associations and the company said on Tuesday, as more manufacturing groups re-consider the structure of the work week for their employees.
05.12 / 17:19
show
cover
reports
rights
EPL sells domestic TV rights for record $8.45B in next 4-year cycle
The English Premier League has sold its domestic TV rights for 6.7 billion pounds for the next four-year cycle
05.12 / 17:19
Provident
Remark
Death
Duke
Actor
social
paparazzi
Prince Harry challenges the decision to strip him of security in Britain after he moved to the US
Prince Harry is challenging the British government's decision to strip him of his security detail after he gave up his status as a working member of the royal family and moved to the United States
05.12 / 17:19
Bill
electronic
French lawmakers approve bill to ban disposable e-cigarettes to protect youth drawn to their flavors
France’s National Assembly has unanimously approved a bill to ban single-use, disposable electronic cigarettes, in an attempt to protect young people drawn to their flavors and mitigate the environmental impacts of the disposable products known as “puf...
05.12 / 17:19
05.12 / 15:31
Investment trusts
Picton Property Income rules out offer for UK Commercial Property merger after shareholder opposition
Both trusts had until 6 December to state whether they have a firm intention to make an offer, or announce they do not intend to make an offer.
05.12 / 14:51
funds
Montanaro launches Ireland-domiciled version of Global Select fund
The Article 8 fund will be managed by George Cooke, Montanaro's head of fund management.
05.12 / 14:51
UK
Investment trusts
funds
Unit trusts/OEICs
ETFs
Income fund favourites jostle with more adventurous rivals in ii's November most bought
Investors in trusts returned to a familiar favourite in Scottish Mortgage, which reclaimed the head of the rankings after being knocked into second place last month by City of London
05.12 / 14:51
UK
kpmg
BRC
Retail Sales
British Retail Consortium
Early Black Friday fizzles out with lacklustre November retail sales
Paul Martin, UK head of retail at KPMG, said the 'limping' sales growth so close to Christmas was evidence the cost of living crisis was taking its toll on spending.
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