Britain Financial News
09.09 / 09:05
Software
International
IIT Bombay graduate bags highest-ever international offer of Rs 3.7 crore per year
IIT Bombay recently concluded its annual placement drive, achieving a milestone with its highest-ever international offer of Rs 3.7 crore per year, while the top domestic salary reached Rs 1.7 crore per year. Compared to the previous year's highest international annual salary of Rs 2.1 crore, this marks a significant increase. However, it's worth noting that the domestic salary in the previous year was slightly higher at Rs 1.8 crore per year. According to a TOI report, the engineering and technology sector witnessed the highest recruitment numbers, with average compensation just slightly above last year's figures.
09.09 / 08:19
UPS
Lowe's
Williams
Manufacturing
show
fall
Gold's fall continues on resurgent US dollar and buoyant yields
The US Dollar Index rallied for the eighth consecutive week, which is its longest winning streak since 2005. The Greenback gained as the US economy is presently doing better than its peers, especially the European economies.
09.09 / 07:39
FIVE
Digital
Progressive
SEC
CEO
Bitcoin
social
USBTC
Bitcoin Mining Giant Hut 8 Set to Merge with USBTC
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), one of North America's leading digital asset and bitcoin mining pioneers, has announced further developments regarding its proposed all-stock merger with U.S. Data Mining Group, Inc., also known as US Bitcoin Corp (USBTC). The resulting entity from this merger will be christened «Hut 8 Corp.» and will be based in the U.S.
09.09 / 07:39
Blockchain
Ethereum
ETH
Twitter
Digital
Booking
Platform
adult
Adult Content Platform Onlyfans' 9,000 Ethereum Drops 25% in Value
On November 30, 2022, Onlyfans' Ethereum (ETH) holdings had a book value of $11.43 million. On that day, the price of ETH was approximately $1,270, suggesting that Onlyfans held around 9,000 ETH. The purchase cost of these holdings was calculated to be $19.889 million, indicating an average purchase price of $2,210 per ETH.
09.09 / 07:13
Waters
Remark
show
country
Inside
G20 Summit: PM Modi calls on world leaders to overcome ‘trust deficit’ says ‘If we can defeat Covid…’ Key highlights
G20 Summit in Delhi began on 9 September with Prime Minister Narendra Modi's inaugural remarks. The Prime Minister's opening address to the G20 summit came with his nameplate labelled 'Bharat' on it. This came days after the invitations to the summit dinner were sent out in the name of the "President of Bharat", prompting rumours official usage of the country's English name would be scrapped.
09.09 / 06:55
COST
UPS
Citi
Fallout
country
social
The extraordinary reasons why parts of Britain are going bust
Hilton hotel and the Chagos Islands have in common? They all feature on a long and increasingly bizarre list of stories behind the financial crisis sweeping Britain’s local authorities. While there’s been a steady dribble of so-called Section 114 notices from councils declaring effective bankruptcy in recent years, Birmingham City Council’s filing this week caused the most alarm. For Europe’s largest local authority, a legal battle over equal pay is proving a huge drain on resources. Its leaders conceded on Tuesday it faces “unprecedented financial challenges” with all new spending, except on core services, stopped in a bid to right the ship. Britain’s second city faces a bill as high as £760 million ($948 million) after a Supreme Court ruling from 2012 backed a group of largely female employees who missed out on bonuses that were given to staff in traditionally male-dominated roles at the council.
09.09 / 05:21
Citi
FIVE
Boeing
show
UK inflation expectations rise in August -Citi
Inflation expectations in five to 10 years' time marginally rose to 3.3% from 3.2% in July, the survey by U.S. bank Citi and polling firm YouGov showed. Public expectations for inflation in 12 months' time increased to 4.4% from 4.3%. The BoE is widely expected to raise interest rates for the 15th time in a row on Sept.
09.09 / 03:05
COST
Reuters
Waters
Manufacturing
Action
country
Australia fast-tracks AI-powered submarines amid rising tensions with China; check details about ‘Ghost Sharks’
₹1.5 lakh crore) each, will be a long-term investment for Australia. These subs are not expected to be operational until past the midpoint of the century. Meanwhile, ‘Ghost Sharks’, which are expected to cost just above AUD$23 million (around ₹123 crore) each, are planned for delivery by mid-2025.
09.09 / 00:29
UPS
CEO
JPMorgan
Chase
performer
Relationships
Barclays hires JPMorgan's Oberle to oversee private equity relationships for Americas
By Svea Herbst-Bayliss and Nupur Anand
09.09 / 00:29
Digital
Cooper
boost
UK, Singapore partner to boost economic growth, strengthen security
(Reuters) — The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK's first treaty since leaving the European Union.
09.09 / 00:09
MET
Celebrity
country
Shivaji's iconic 'wagh nakh' weapon likely to be brought back from UK. Know more
A weapon wielded by Chhatrapati Shivaji Maharaj in 1659 will return to India in November this year. The ‘wagh nakh’ – an iron weapon shaped like tiger claws – was used by the Maratha leader to kill the Bijapur sultanate's general Afzal Khan. Designed to slash through skin and muscle, the small weapon is currently part of London's Victoria and Albert Museum.
08.09 / 22:45
Digital
Ripple
XRP
CEO
Enterprise
BitGo
Ripple buys crypto infrastructure startup in its second acquisition of 2023
Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.
08.09 / 22:27
Citi
FIVE
Boeing
show
UK inflation expectations rise in August -Citi/YouGov
LONDON (Reuters) — The British public's expectations for inflation over the medium to long term, which are closely watched by the Bank of England, Rose in August, a survey published on Friday showed.
08.09 / 22:21
Enterprise
Lowe’s
star
Inside
Weekend
Get ready for a post-Lowe world, and nine other great weekend reads
Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.
08.09 / 21:55
UPS
Citi
MET
Southern
country
A UN envoy has made his first visit to Western Sahara. He pledged to advance the political process
The United Nations has doubled down on its pledge to revive stalled negotiations over the disputed Western Sahara in a visit to the region this week in which its top negotiator met with officials on all sides
08.09 / 21:47
UPS
Metro
Hola, Bonjour, Ni Hao! Delhi bizwomen gear up to help G20 delegates break language barrier
“These woman entrepreneurs are very good in English, French, Spanish, and German among others,” said Brijesh Goyal, chairman of Chamber of Trade and Industry (CTI) that hired them. “We have sent the list to the foreign minister for coordination,” he said. While prominent markets such as Connaught Place, Khan Market, Yashwant Place and Janpath will remain closed for security reasons, shopkeepers of markets such as South Extension, Karol Bagh and Chandni Chowk are hopeful that foreign delegates attending the summit will come looking for souvenirs and gifts to take back home. Traders said this is the best opportunity to showcase ‘Make in India’ products as delegates from the world’s largest economies are in the national capital. Those in restricted areas rued the missed opportunity.
08.09 / 21:45
regulation
Europe
coinbase
G20
expansion
Coinbase Pushes Toward Global Expansion, Sets Sights On Regulated Markets
Digital asset exchange Coinbase sets out plans for a global expansion flagging jurisdictions outside the United States as “near-term priority markets.”
08.09 / 20:03
Survey
Asset Managers
48% of Asset Managers Hold Crypto For Clients: Coalition Greenwich Report
A new study reveals nearly half of institutions in the United States, UK, and Europe offer digital asset services to their clients.
08.09 / 19:49
Indian
Three Indian-origin men jailed in UK for running large-scale drugs factory
Metropolitan Police's Cyber Crime Unit were able to prove that the men were selling fake pharmaceutical drugs illegally on the dark web.
08.09 / 19:13
UPS
Waters
SUN
Strategy
Forrester
show
British billionaire Guy Hands eyed Sun Cable investment, emails reveal
British financier Guy Hands has been forced to grant a lease to Mike Cannon-Brookes’ Sun Cable after legal proceedings which revealed his Terra Firma vehicle was the third bidder in an auction that ultimately handed control of the collapsed project to the Atlassian billionaire’s Grok Ventures.
08.09 / 18:31
UPS
BLOCK
Action
Corning
show
country
Deal
UK to help alleviate impact of Black Sea grain deal collapse
New Delhi: UK prime minister Rishi Sunak, who is attending the G20 Leaders’ Summit in India, will announce measures to alleviate the impact of the Russian blockade of Ukrainian grain supplies that has caused a global spike in food prices. “Once again, (Russian president) Vladimir Putin is failing to show his face at the G20.
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