Britain Financial News

Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out

Greta Thunberg has been detained by British police alongside other climate activists who gathered outside a central London hotel to disrupt a major oil and gas industry conference

job vacancies also declined, official figures showed on Tuesday, in a sign that the labour market is losing momentum. British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to August, down from an upwardly revised 7.9% in the three months to July, the first such fall since January. Average earnings are being monitored by the Bank of England as it considers whether to resume raising interest rates to counter the risks from still-high inflation. The latest reading from Britain's Office for National Statistics was in line with expectations from economists polled by Reuters, but sterling fell slightly against the U.S. dollar after the data. «While wage growth is still much too strong for the Bank of England's liking, there's nothing in the latest data that's likely to push the committee into a rate hike at the November meeting,» ING economist James Smith said. Private-sector regular pay — the component looked at most closely by the BoE — saw annual growth slow to 8.0% in the three months to August, from 8.1%. Annual growth in total pay — a more volatile measure which includes one-off bonuses — slowed more than expected to 8.1% in the quarter through August, from an unrevised 8.5% in the May to July period. However, with consumer price inflation of 6.7% in August, the real-terms increase in pay was far smaller. Regular pay, adjusted for CPI inflation, grew by an annual 0.7% in the three months to August.

NEW DELHI : India’s second largest hearables maker Boult Audio is looking to tap the private equity markets in FY25 to raise funds by divesting up to 15%, to expand its footprint in international markets and contract manufacturing capacities. “We will look at capital from private equity next year... we may look at offloading a stake anywhere between single digit to early teens.

Binance has announced that it will halt the acceptance of new users in line with the newly implemented cryptocurrency marketing regulations in the United Kingdom.

Baidu, one of China’s largest technology companies, released version 4.0 of its popular “Ernie” artificial intelligence (AI) large language model (LLM) chatbot.

Yield Protocol Cessation

Aware Super expects to invest up to $2 billion in small-scale solar and batteries through a partnership with privately owned Birdwood Energy. The investment will be in a distributed energy platform that would dodge the transmission logjam, which is putting a brake on the transition to renewables.

Two months after Alinta Energy hived off its Pilbara power generation assets to APA Group for $1.7 billion, its executives have dug up another carve-out candidate – this time from their back office.

attacked Israel, killing 1,300 people and taking dozens of hostages. Israel has responded with force: strikes on Gaza had killed around 1,400 Palestinians by October 12th. Residents of the strip, a 360-square-kilometre block of land wedged between Egypt, Israel and the Mediterranean, are no strangers to tragedy.

The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules. 

Sam Woods, deputy governor of the BoE and head of the Prudential Regulation Authority

Tabby Brown, dancer, former Playboy model and reported 'ex-girlfriend' of British football player Raheem Sterling, has died at the age of 38. She took part in Channel 5's reality dating show, 'The Bachelor' and appeared in many advertisement campaigns including Canon, Virgin Atlantic, Lynx, and AXE. She also featured in music videos for Snoop Dogg, Dizzee Rascal and B.O.B. Tabby Brown also also had a master's degree in marketing.

British citizen Yahel, who went missing after Hamas's attack on Southern Israel last week, has been killed. Quoting her family members, BBC News has reported that the teenager and her mother have been killed in the attack, while her 16-year-old sister Noiya and their Israeli father Eli are still missing. Condoling her death, Lianne's British family said that she was «a beloved daughter, sister, mother, aunt and friend who enriched the lives of all those lucky enough to have known and loved her». The family also described Yahel as «funny, all the time» and added that she loved to sing and dance.

scholarship opportunities for their studies at foreign universities, making quality education more accessible to a wider demographic. In a society where education is often a privilege limited to the wealthy, India faces significant challenges in providing affordable higher education opportunities to its youth. The high costs associated with studying abroad have deterred many aspiring students from pursuing their dreams of attending prestigious universities around the world.

Iran has banned the teaching of all foreign languages, including English and Arabic, in kindergartens and primary schools, with immediate effect, state media reported Tuesday. "The teaching of foreign languages is prohibited in kindergartens, nursery schools and primary schools, because at this age, the Iranian identity of the child is being formed," said Massoud Tehrani-Farjad, an education ministry official, according to IRNA news agency.

It will track the price and yield performance, before fees and expenses, of the WisdomTree US Efficient Core UCITS index.

Kennedy assumed his current position in 2018, when Ninety One (then Investec Asset Management) created a London wealth team

₹316 crore and a consolidated revenue of ₹2,378 crore in the second quarter of fiscal year 2023-24, as per a regulatory filing made on October 17. Sequentially, the net profit was marginally up by 1.3 percent, as it came in at ₹312 crore in the first quarter of FY24. The growth in revenue was 3.7 percent quarter-on-quarter, as it stood at ₹2,301 crore in the April-June period.

Binance said on Monday it will stop accepting new customers in the United Kingdom, in compliance with new regulation restricting promotions from overseas digital asset firms in the country. New users in the UK will not be able to register on the platform from 5 PM local time (4 PM GMT), according to a post on Binance's website. The country's tough stance comes as cryptocurrency regulation remains in focus around the world after a string of high-profile collapses last year sparked worries about how these firms use and store customer deposits in a largely unregulated industry. The Financial Conduct Authority's (FCA) new rules around cryptoasset promotions came into effect on Oct. 8.

A Citi employee who bought a sandwich and coffee for his partner while on a business trip has lost his case for unfair dismissal after his expenses claim was challenged.