Britain Financial News
19.07 / 19:05
Reuters
Marlboro
Altria
Juul seeks US authorization for new e-cigarette
(Reuters) -Juul Labs said on Wednesday it was seeking U.S. authorization for a new e-cigarette that has age-verification capabilities and prevents the use of unauthorized refill cartridges.The vaporizer, which has a unique Pod ID chip to prevent the use of counterfeit cartridges and an app to restrict underage access, is already on sale in Britain after its launch in 2021 as JUUL2 System.
19.07 / 17:23
FIVE
BTS
track
voice
song
singer
K-pop's biggest music label HYBE looks to lift language barrier with AI
K-pop music label that brought the world hit boy group BTS are using artificial intelligence to meld a South Korean singer's voice with those of native speakers in five other languages. The technology enabled HYBE, South Korea's largest music label, to release a track by singer MIDNATT in six languages — Korean, English, Spanish, Chinese, Japanese and Vietnamese in May.
19.07 / 16:45
UPS
VISA
Action
Metro
show
country
The British economy is haunted by the ghosts of Brexit
This week, the UK will see rail strikes as workers demand significantly higher pay raises. From Sunday, workers on London’s fabulous metro are threatening industrial action. Earlier this month, it was the turn of doctors of the National Health Service (NHS), who rejected Prime Minister Rishi Sunak’s offer of a 6% salary hike and are demanding 35% to catch up with what in developed-world terms has been runaway inflation.
19.07 / 16:31
BLOCK
Microsoft
CEO
Xbox
Diablo
country
Deal
Activision
regulatory
Microsoft extends $69B Activision Blizzard merger deal deadline, overcoming regulatory hurdles
Microsoft Corp. has taken a strategic step in its pursuit of acquiring Activision Blizzard by extending the agreement for the $69 billion acquisition until October 18, 2023. The extension aims to overcome remaining regulatory obstacles and create one of the largest video game developers globally. Negotiations led to revised terms, including termination fees, in case the deal does not go through after specific dates. The original deadline for the $69 billion acquisition of Activision Blizzard by Microsoft was set for July 18. However, to address regulatory concerns and ensure a smooth merger process, both companies have agreed to extend the deal deadline until October 18, 2023. This extension allows them to navigate and resolve any remaining hurdles.
19.07 / 15:55
Provident
MET
Progressive
Merit
stage
country
Philip Cross: The Wall Street Journal asks a good question — does Canada belong in the G7?
A recent Wall Street Journal editorial suggested Canada should sit at the kiddies table in the NATO alliance instead of with the adults. This is because as a share of GDP our defence spending is seventh lowest among NATO’s 31 member nations. It’s also lowest among the G7, which prompted the Journal to question whether we are still willing to accept our responsibilities as a member of the G7. It concluded that if this country “doesn’t want to play that role, then the G-7 should consider a replacement.”
19.07 / 15:35
19.07 / 15:15
19.07 / 15:01
Dogecoin
Provident
Aware
CEO
coinbase
country
social
Warning
Financial
FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday.
19.07 / 14:51
SUN
Platform
Action
performer
star
Wednesday Season 1, Extraction 2, The Mother - List of most watched Netflix originals so far
Netflix originals such as Wednesday Season 1, Jennifer Lopez's 'The Mother', Chris Hemsworth's 'Extraction 2'. Fans are eager to know the list of the most-watched Netflix Originals released on the streaming giant so far in 2023. WhatsOnNetflix has created a list of top 10 most watched Netflix originals so far this year based on key metrics such as Netflix hourly data and Netflix views. Most Watched Netflix Originals So Far
19.07 / 14:51
COST
UPS
show
Brent oil hovers above $80 as inflation worries ease
Brent futures were up 63 cents at $80.26 a barrel by 1325 GMT while U.S. West Texas Intermediate (WTI) crude was up 51 cents at $76.26. China's top economic planner pledged on Tuesday to roll out policies to «restore and expand» consumption in the world's second-largest economy, which could boost oil demand.
19.07 / 14:21
Europe
Banks
Survey
US
Bank of America
BofA: European managers remain 'downbeat on growth'
81% of the 262 managers polled in July predicted a further economic slowdown in Europe, up from 70% last month
19.07 / 14:09
Blockchain
Web3
Venture Capital
Drop
VC funding
Web3 VC Funding Takes a Nosedive: Crunchbase Data Shows 76% Drop
Funding of Web3 firms from venture capitalists has dropped 76% in the second quarter this year as compared to the same quarter in 2022, Crunchbase data revealed.
19.07 / 13:15
Facebook
UPS
Platform
Entertainment
TikTok
Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe
Chinese livestreamers have set their sights on selling to TikTok shoppers in the U.S. and Europe
19.07 / 13:15
Provident
Amazon
Microsoft
Google
Software
Broadcom
European Commission
Broadcom's $61 billion VMware purchase wins UK competition watchdog's approval
Computer chip and software maker Broadcom’s $61 billion plan to buy cloud technology company VMware has cleared another hurdle after Britain’s competition regulator gave the deal provisional clearance
19.07 / 13:15
Provident
Manufacturing
Mobile
country
India's Tata will build a $5-billion new electric car battery factory in the UK
India’s Tata Sons has confirmed plans to build a 4-billion-pound, or $5.2-billion, electric car battery factory in the U.K. The plant is expected to become one of Europe’s largest battery cell manufacturing sites when it begins production in 2026
19.07 / 13:15
UPS
Lowe's
Target
show
Homeowners
Low
UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low
Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months
19.07 / 12:39
companies
Acquisition
liontrust
GAM
Bruellan
NewGAMe
Takeover
GAM reiterates Liontrust bid is sole takeover offer
GAM reiterated it continues to 'strongly recommend' Liontrust’s offer.
19.07 / 12:29
show
Pound, bond yields slide after UK inflation comes in lower than expected
The pound fell back below $1.30, UK government bond yields dropped sharply and London’s equity futures jumped after data showed Britain’s inflation has dropped to its lowest in more than a year.
19.07 / 11:51
Racing
SPY
track
Inside
audience
open
UK MI6 spy chief tells discontent Russians: ‘Our door open, share your secrets’
British spies are already using artificial intelligence to hamper the supply of weapons to Russia, the head of Britain’s MI6 agency said Wednesday, predicting that Western spies will increasingly have to focus on tracking the malign use of AI by hostile states. In a rare public speech, Richard Moore also urged Russians who oppose the invasion of Ukraine to spy for Britain, saying others had already done so since the war began.
19.07 / 10:33
UK
companies
UK listed company profit warnings rise for seventh consecutive quarter
Stubborn inflation and a rising interest rate environment have driven a tighter and more expensive lending environment.
19.07 / 10:33
economics
inflation
Bank of England
UK
Interest rates
CPI
Inflation comes in under expectations at 7.9% but UK remains 'drastic outlier'
'We would not push back against market pricing of a 6% terminal Bank Rate and think rate cuts are unlikely until late 2024.'
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