Britain Financial News
25.10 / 10:49
BlackRock
bonds
M&G
equities
LSEG Lipper
Bond sell-off fails to stifle fixed income flows while equities shed £1.6bn
In the first three quarters of the year, bond funds have attracted £11.6bn inflows, while investors have redeemed £15.2bn from equity strategies over the same time period.
25.10 / 10:45
Digital
Action
Crypto firms failing to spell out risks, says UK watchdog
Britain's financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as by publishing warnings that are too hard to read. Britain's Financial Conduct Authority had new powers from Oct. 8 to regulate cryptoasset promotions, and said it has found three common issues so far, and will take action if they are not remedied.
25.10 / 10:45
Racing
Remark
President
concert
NOT
DMK says AIADMK chief Palaniswami does not oppose BJP and Guv Ravi
AIADMK chief Edappadi K Palaniswami has not opposed the BJP and Governor R N Ravi, which made it clear that his opposition to the saffron party is a drama, the ruling DMK alleged on Wednesday. Referring to Palaniswami's response in a press conference, when he was asked on Governor Ravi's comment about the Aryan-Dravidian narrative, the DMK's official Tamil organ 'Murasoli' said the AIADMK top leader 'struggled' to oppose the BJP and Ravi, who functioned as that party's 'representative.' Further, the daily asked: "...does it not make it clear that Palaniswami's stand of opposition to BJP is a planned drama." Quoting DMK President and Chief Minister M K Stalin's remark that AIADMK's claim of severing ties with the BJP was a drama marked by cunningness, Murasoli reiterated that accusation and said Palaniswami's 'lie' had been exposed. On October 23, Ravi had indicated there was no such thing as Aryan and Dravidian races.
25.10 / 08:27
FIVE
Enterprise
reports
'Kanya bhojan' used as guise for child trafficking in Bhopal, two minor girls rescued
Navratri festival, in an apparent case of child trafficking orchestrated under the guise of 'Kanya Bhojan.' Prompted by this alarming occurrence, the Bhopal Police launched a swift and extensive investigation, reviewing over 200 CCTV camera footages spanning three days. This intensive operation led the police to the posh English Villas society in Bhopal's Kolar area. In a well-coordinated raid conducted on Tuesday, law enforcement successfully rescued the two abducted minor girls, identified as Kajal (8) and her 11-month-old sister Deepawali. The police have apprehended five individuals involved in this child trafficking operation: Archan Saini (36), her live-in partner Nishant (31), Suraj (19), and Muskan (20).
25.10 / 07:47
regulation
UK
CMS
FCA removes cap on bankers' bonuses to mixed reactions
Originally the rules placed limits on bonuses for employees to two times base salary in an attempt by the EU to deter the risky behaviour that led to the 2008 Global Financial Crisis.
25.10 / 07:47
BlackRock
companies
Fidelity Investments
Unit trusts/OEICs
Fund managers
Jupiter
Fidelity Investments and Jupiter among fund houses hit by CAB Payments sell-off
Regulatory disclosures show that JP Morgan Asset Management has held a 0.50% net short position against the stock since 12 September.
25.10 / 07:31
Waters
show
Authorities halt search for 4 sailors missing after 2 ships collided in the North Sea
German authorities have broken off their search for four crew members missing since their British-flagged cargo ship sank a day earlier following a collision with a larger vessel in the North Sea
25.10 / 07:05
Manufacturing
Apple
President
reports
Low
Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
TAIPEI (Reuters) — After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere — to be the island's next president.
25.10 / 05:51
CEO
Citigroup
President
country
reports
shock
recommendations
Kotak Mahindra Bank's new outsider CEO Ashok Vaswani seen as break from billionaire founder
Reserve Bank of India backed an outsider with little experience in the country to lead Kotak Mahindra Bank Ltd., surprising analysts and senior management and sending its stock falling. In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner, according to people familiar with the matter.
25.10 / 05:43
25.10 / 05:43
Ford
Labrador
country
information
reports
symptoms
Premiers’ ask for rate hold put Bank of Canada’s independence at risk: Macklem
Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution’s independence.
25.10 / 04:39
25.10 / 03:51
UPS
Target
FIVE
Software
economy
audience
View: India’s sell-side researchers should say what they mean
As George Orwell said in Politics and the English Language, the decline of language ultimately has political and economic causes. Stockbrokers in India use empty phrases as a tribute to corporate power.
25.10 / 03:51
Provident
Strategy
stage
country
information
reports
SOLIDARITY
Joe Biden defers to Israel's autonomy in Gaza ground invasion, says, ‘Israelis can make their own decisions’
PTI reported. Biden's statement was made on Tuesday during a photo opportunity with Australian Prime Minister Anthony Albanese when he was asked about it.
25.10 / 03:23
25.10 / 02:11
Blockchain
Chainlink
Internet of Things
Telecommunications
Vodafone, Sumitomo team up with Chainlink to explore trade documents network
Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said.
25.10 / 02:11
Blockchain
security
World Bank
bonds
Euroclear
Euroclear launches digital securities issuance service, settles World Bank bond
Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.
25.10 / 02:11
Government
Law
defi
regulation
UK government
Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule
Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. Customers in the U.K. discovered the problem on Oct. 23 while trying to access Marinade’s website from local IP addresses and were met with this message:
25.10 / 01:09
Binance
Regulations
UK FCA
FCA
Beleaguered Binance Loses Another Chief Executive From its UK Office – What’s Going On?
Binance’s UK chief Jonathan Farnell who is also the CEO of a subsidiary Bifinity, has resigned from the company, adding to a slew of executive departures in recent times.
24.10 / 22:09
Blockchain
Provident
Digital
Platform
Nano
Bill
information
recovery
Ledger Debuts Cloud-based Private Key Recovery Tool Despite Previous Backlash
Popular hardware wallet company Ledger has launched a cloud-based private key recovery tool called 'Ledger Recover.'
24.10 / 21:33
show
social
'Everyone Else Burns' Season 2: Here’s what we know so far
CW network has greenlit a second season of the apocalyptic family comedy series, 'Everyone Else Burns,' even before the premiere of its first season. This decision follows Channel 4's August announcement to renew the UK version of the show. Season 1 is set to debut on The CW this Thursday, October 26, at 9:30 PM.
what's happening in Britain
What is the current situation in Britain?
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