Britain Financial News

'This opportunistic acquisition will benefit both sets of shareholders and provide greater liquidity,' LondonMetric said.

Bank of England chief economist Huw Pill | Credit: Bank of England

Bitstamp, an early crypto exchange founded in 2011, is reportedly planning fresh fundraising “through strategic investors” to gear up the exchange’s growth and operations.

Fortnite developer Epic Games has executed a game-wide pause to usher in the rollout of update 25.30. This update, accessible across platforms including PS5, PS4, Xbox consoles, Nintendo Switch, Android, and PC, is slated for download on the morning of August 8. However, this advancement comes hand in hand with a transient phase of server downtime, implying a temporary cessation of Fortnite gameplay for a span of a few hours. For those yearning to rejoin the virtual battleground, a peek into the 25.30 server downtime schedule offers guidance. Downtime Chronicles: Insights and Expect

GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, for an undisclosed amount. Proweps Envirotech GmbH is a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste and agri-residue for biogas production.

New Delhi: Stanlow Terminals Ltd on Tuesday said it has signed a memorandum of understanding (MoU) with Eni UK Ltd, the UK subsidiary of global energy company Eni, to explore the development of carbon dioxide (CO2) collection, shipping, and storage at the Stanlow Terminal location and then deliver the received CO2 into Eni UK’s carbon transport and storage infrastructures currently being developed in the North West region of the UK. “Stanlow Terminals and Eni UK will evaluate opportunities to establish an open-access CO2 transport and storage terminal which will be capable of receiving, gathering and storing CO2 from industrial emitters and other sources via shipping from dispersed locations," the company said in a press release.

mother-daughter duo to journey into the cosmos. Their incredible journey will happen aboard Virgin Galactic's 'Galactic 02' flight, scheduled to take off from New Mexico on Thursday. In an interview for the BBC, Schahaff told that the remarkable story began when she, while on a Virgin Atlantic flight from Antigua to the UK, stumbled upon an ad about a space travel competition hosted by Virgin Galactic. Intrigued by the prospect of space travel, she decided to participate in the competition, never anticipating the destiny that awaited her. Months later, Schahaff received the news that she had not only made it to the top 20 finalists but had emerged as the ultimate winner, securing her seat on the space expedition.

India to an end, through the slogan ‘Do Or Die’. This slogan, which was raised at the Bombay session of the All India Congress Committee on 9 August 1942, signalled the beginning of one of the most powerful anti-colonial movements in the world — the Quit India Movement (also known as the Bharat Chhoro Andolan). The ‘Do Or Die’ slogan galvanised the masses to a nationwide protest. However, the leaders soon got arrested. That didn’t stall the protest in the least. People took to the streets, destroying railway lines, and police stations were set ablaze. However, the role of women in keeping the protests going on despite innumerable obstacles and open hostility from the British government is often overlooked.

Despite the poor weather, IGD’s Shopper Confidence Index increased for the fourth month running, reaching its highest level since December 2021.

abrdn CEO Stephen Bird noted the overall performance of the investment arm’s funds was 'not where we want it to be' and acknowledged there remains 'meaningful work to do'.

Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations.

A new paradigm in financial services called open banking is improving the lives of small business owners and their customers. It is making it easier for small firms to win new customers, run their operations and manage their finances.

wind complexes, in the North Sea off eastern England. Now, there are questions about whether this project will ever be built.

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines, the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar.

Eris', the new Covid-19 sub-variant which has sparked concern in the UK, has been detected in India, people in the know told ET. However, no «clustering» and increase in cases has been reported, they said. Indian SARS-CoV-2 Genomics Consortium (Insacog), the pan-India network of laboratories set up to monitor genomic variations of the coronavirus, held a review meeting last week amid a surge in Covid-19 infections in the UK due to the new variant, also known as EG.5.1.

G20 Energy Ministers' Outcome document and Chair's Summary on Energy Transitions' issued last month besides in several other similar G20 documents. ET gathers that China argued that the G20 documents could not use the term 'Vasudhaiva Kutumbakam' in the official text as it is in Sanskrit, which is not one of the six official languages recognised by the United Nations. It is learnt that most participant nations weighed in favour of India on the matter with some even observing that the theme was the prerogative of the Presidency and host nation.

Veteran TV news presenter Nick Owen has unveiled his recent battle with prostate cancer, having successfully undergone surgery. Renowned for his hosting stints, including «Good Morning Britain,» Owen's candid disclosure aims to raise awareness about the importance of early detection and treatment.

Barcelona on Tuesday night. After a convincing 5-1 victory over Shakhtar Donetsk, where Harry Kane scored four goals, Spurs are gearing up for their Premier League opener against Brentford this weekend. Before shifting their focus to the league, Tottenham is heading to Spain for the Joan Gamper Trophy, Barcelona's traditional curtain-raiser. This year's contest marks the 58th edition, with Barcelona remaining unbeaten in the annual friendly since 2012. Tottenham will be the first English team to participate in the event since Arsenal's defeat four years ago. It promises to be an exciting clash as both teams look to test their mettle before the competitive season begins.

PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins — crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility — have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.

economic activity. For example, the disruption to French imports during the Napoleonic blockade stimulated French industrialization in mechanized cotton spinning long after the end of the Napoleonic wars. These results are consistent with what proponents of nurturing infant industries argue.