Britain Financial News

Macquarie’s chief executive Shemara Wikramanayake says the lean environment for asset sales, particularly in green investments, is behind the investment bank’s 38.7 per cent slump in first-half net profit.

The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances.The order is the latest hold-up for the Canadian government-owned project, which has been plagued by years of regulatory delay, environmental opposition and massive cost overruns.Some of the non-compliances include insufficient fencing to protect amphibians and unapproved vegetation clearing, the regulator said in a notice on its website.The CER issued an Inspection Officer Order to Trans Mountain ordering it to stop work in the wetland until the non-compliances are corrected, investigate their root cause and conduct a safety inspection to confirm the site is safe for work.Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 meters.“Trans Mountain is working hard to correct all non-compliances and to prevent reoccurrence,” the company said in a statement, adding it “will seek to have the restrictions under the order lifted as soon as appropriate and according to the law.”Work on the oil pipeline expansion project is more than 95 per cent complete, Trans Mountain said.The 590,000 barrel-per-day expansion will nearly triple capacity on the existing pipeline running from Alberta to Canada’s Pacific Coast. It is due to start operating early next year and will open up markets in Asia and on the U.S.

Tata Motors share price rallied over 4% in early trade on Friday after the company reported September quarter earnings in line with Street estimates. Tata Motors shares jumped as much as 4.49% to ₹665.45 apiece on the BSE. Auto major Tata Motors on Thursday reported a consolidated net profit of ₹3,783 crore for the second quarter of FY24, driven by robust performance by Jaguar Land Rover.

₹1,261.19 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,380.15 crore, the exchange data showed.Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter.The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private.The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, they said.

Narendra Modi had struck a chord with the same demographic bulge by drawing a distinction between “hard work" and “Harvard." It was a point of political rhetoric, with the latter meant as a stand-in for privilege. In a country of multitudes aspiring to lifestyles the internet had begun exposing them to, it held a special appeal among those who saw themselves on the hard-work side of that split. The actual hours they worked wasn’t relevant—nor its intensity, let alone productivity.

Tata Motors: Tata Motors Ltd’s passenger electric vehicle subsidiary on Thursday said it will enter a strategic partnership with Jaguar Land Rover, the wholly-owned British luxury vehicle arm of the group, to leverage its electrified modular architecture (EMA) platform and develop its premium pure EV series. Tata Motors reported a consolidated net profit of ₹3,783 crore for the September quarter. Its total consolidated revenue from operations stood at ₹1,05,128 crore.

By Nia Williams and Ismail Shakil

The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium. 

NEW DELHI : Karnataka information technology minister Priyank Kharge said the state aims to corner investments worth $2.8-3 billion in the semiconductor-related electronics manufacturing sector, converting at least 50% of them by March 2024. He said the state is willing to tweak incentive and labour policies to attract major players along with their supply chains.

British Prime Minister Rishi Sunak says achievements at the first international AI Safety Summit will “tip the balance in favor of humanity” in the race to contain the risks from rapid advances in cutting-edge artificial intelligence

On top of the fraud and scam issues related to crypto, NFTs also require intellectual property management. Web3 platform Niftyz aims to add legal clarity to the NFT market by using blockchain-verified emails to create and protect NFTs.

The Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply because of t...

Beatles song featuring the voice of late member John Lennon and developed using artificial intelligence will be released on Thursday at 1400 GMT alongside the band's first track, record label Universal Music said. Called «Now and Then», the song — billed as the last Beatles song — will be released in a double A-side single which pairs the track with the band's 1962 debut UK single «Love Me Do», Universal Music Group said in a statement.

Fool Me Once,' adapted from Harlan Coben's 2016 novel, and starring British actor Michelle Keegan. The eight-part thriller, each episode lasting around 60 minutes, shifts the story's location from the United States to the United Kingdom.

Taylor Swift has extended her Eras Tour to December 2024 by adding new dates. She has added three dates at the BC Place in British Columbia on December 6, 7, and 8. Gracie Abrams will be standing as the opening act. Earlier, Swift announced dates in Toronto, Ontario and six dates at the Rogers Centre slated for November 2024. The pop icon took a break between her last North American dates, which had an official close at the SoFi stadium in August. She will resume the tour with a series of shows in South America. She has already hit Mexico and Argentina and will be in Brazil through November 26.

deaf community. This remarkable aspect of daily life on the Mumbai trains has been extensively documented by Annelies Kusters, a pioneering scholar who recently achieved the distinction of becoming the UK's first deaf full professor in the field of deaf studies and sign language studies. While Europe and the United States have long seen deaf professors in these areas, the UK had lagged behind, with only hearing individuals holding full professor positions, numbering around 10 to 15.

Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.

Tata Steel's substantial net loss of ₹12,560 crore in the second quarter of fiscal 2024, mainly attributed to the restructuring efforts in its UK and mainland Europe steel operations, raises questions about the company's strategic view and intent on its European business. Tata Steel faced a dual challenge, marked by impairment charges and restructuring provisions related to its UK business. Its other challenges include overcapacity, economic uncertainties, high fixed costs, legacy liabilities, and trade tariffs.

The Beatles, one of the greatest music groups from the UK, launched their last ever track called “Now and Then,” today at 2 p.m. (GMT). The song includes significant contributions from all the four band members most notably, the vocals from the late John Lennon and guitar riffs from the late George Harrison as well. As per reports, Harrison did not like the song and also it was believed by the fans that this track will never be released. However, since it has been released today, this has resulted in both fans and music experts being excited as it will signify a “last flourish” of the one the world’s greatest music bands. Dr. Holly Tessler, an expert on Beatles’ legacy and history from the University of Liverpool said with reference to the track’s release that this moment will feel “very sweet” for the fans and that it will also feel like “an ending.” Tessler also added that the living members of the band, Ringo Starr and Paul McCartney, both well in their 80s are “drawing a line,” with this new release.

Love Actually" will be re-released with a brand-new 4K restoration in theatres in several countries. For viewers in the US, the film will be released on home video and digitally. The iconic film, produced by Working Title and featuring an ensemble cast including Emma Thompson, Hugh Grant, Chiwetel Ejiofor, Keira Knightley, Colin Firth, Bill Nighy, and Liam Neeson, will also see its release on home video and digital platforms in the United States and France. Originally unveiled during the 2003 holiday season, «Love Actually» quickly captured the hearts of audiences worldwide and, over the two decades since its premiere, has become a cherished and enduring modern Christmas classic.

(Reuters) -Liquefied natural gas (LNG) exporter Cheniere Energy (NYSE:LNG) reported a third-quarter profit on Thursday that beat analysts' estimates even as the company grappled with lower natural gas prices and export volumes.