Britain Financial News
19.07 / 04:35
FIVE
Citizens
VISA
Mobile
Indian
index
Henley Passport Index 2023: Indian citizens can travel to 57 countries visa free. Check full list here
India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements. However, it is to be noted here that India has scored poorly in mobility.
19.07 / 03:11
open
21 new Zellers pop-up shops to open inside Hudson’s Bay stores in 5 provinces
Over the next few weeks, a whole host of Zellers pop-ups are expected to appear inside Hudson’s Bay stores in five provinces by Aug. 11.
19.07 / 02:51
UPS
Microsoft
Software
Remark
MSCI
Nikkei
Asia stocks split as US-China outlooks diverge
Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower.
19.07 / 02:35
UPS
Lowe's
Target
Reuters
Strategy
inflation data
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. The U.S.
19.07 / 02:35
Microsoft
Fighting
Mobile
Xbox
Drop
lawmakers
Deal
Activision
Republican lawmakers urge FTC to drop fight against Microsoft deal for Activision
Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft's deal to buy video game maker Activision Blizzard, calling it «an example of the FTC's rejection of sound antitrust policy.» The lawmakers, all members of the Republican-controlled House of Representatives, in a letter sent on Monday to FTC Chair Lina Khan and two commissioners and publicly released on Tuesday, said the proposed deal is a «pro-competitive transaction.» The agency, which enforces antitrust law, is considering its options after a U.S. District Court judge ruled last week that the deal was legal and an appeals court declined an emergency motion to pause the transaction.
19.07 / 02:05
UPS
Provident
FIVE
Reuters
Booking
Manufacturing
Tata JLR set to unveil plans for electric car battery plant in UK: Report
Tata Motors-owned Jaguar Land Rover (JLR) is set to announce its plans to build a flagship electric car battery plant in the UK, a source familiar with the matter said as reported by Reuters. Tata had been choosing between a site in Somerset, southwest England, and one in Spain to supply a new range of electric Jaguar and Land Rover vehicles. Bloomberg was first to report on Tuesday that the factory was set to be announced this week.
18.07 / 21:23
COMPOSITE
DAX
Nikkei
Bank earnings
US stocks
Global markets update: US stocks gain on strong bank earnings
retail sales rose less than expected in June on a fall in building materials and service station receipts. A separate report showed production at domestic factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output increased. The yield on 10-year treasuries declined three basis points to 3.77%. The US dollar rose to 138.85 Japanese yen from 138.67.
18.07 / 21:07
COST
UPS
FIVE
Extreme
Homeowners
Costs
As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'
For millions in the U.K., the cost-of-living crisis just never seems to ease
18.07 / 21:05
UPS
Citi
Provident
Britain declines to step in and save Commonwealth Games
London | Britain will not ride straight to the rescue of the Commonwealth Games, throwing the onus back on Australia to sort out the crisis caused by the Victorian government’s shock decision to pull out of hosting.
18.07 / 20:49
Ripple
Labrador
Posthaste: Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests
Many Canadians think high-income earners should pay their “fair share” of taxes, but they also think there should be a limit to just how much they’re required to fork over to the Canada Revenue Agency, with their idea of an appropriate ceiling lower than reality, recent research suggests.
18.07 / 19:27
Provident
Action
WTO
UK, US oppose extending WTO food subsidy clause
WTO) Bali conference that prevents legal action against any developing nation that breaches the food subsidy limits specified in the agreement on agriculture. At an agriculture negotiation meeting at the WTO on Monday, the US said India’s expansion of support to its rice and wheat farmers has negative spillover effects. India has invoked the clause thrice. “India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed. Developing countries’ food subsidies are protected by an interim peace clause which shields food procurement programmes against action from WTO members in case the subsidy ceilings—10% of value of food production in the case of India and other developing countries—are breached.
18.07 / 18:25
UPS
Platform
Xbox
Destiny
Time
Destiny 2 Solstice 2023: When does it start? Check countrywise start date, time, and all other details about the event
Destiny 2 are geared up for one of the major events around the videogame, the Solstice. The 2023 edition of Destiny 2: Solstice is about to begin for a limited time, from July to August 2023. Here are the details of Destiny 2: Solstice 2023; Destiny 2 is a first-person shooter video game that can be played free. It is available to play on PlayStation, Xbox, or even Windows. Destiny 2: Solstice 2023 promises new armor, a weapon, and the Bonfire Bash mode on PS5, PS4, Xbox, and PC.
18.07 / 18:25
UPS
Provident
Reuters
Racing
Airlines
Software
Tata chooses UK for new EV battery plant
Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.
18.07 / 18:25
Target
Man
Platform
Compilation
Adventure
Time
One Piece chapter 1088: Know the release date, time, what to expect and all other details
The story revolves around Monkey D. Luffy, a young man who acquires the ability to stretch like rubber after consuming a Devil Fruit. Luffy embarks on an exciting adventure in search of the legendary treasure known as the One Piece, with the ultimate goal of becoming the Pirate King. In One Piece chapter 1087, Garp and Kuzan engage in a fierce battle, while SWORD wreaks havoc on the Blackbeard Pirates and the island of Hachinosu. Garp is injured, and it is revealed that his bounty is equivalent to that of an Admiral. Flashbacks show the history between Garp and Kuzan. The chapter ends with Avalo Pizarro targeting Garp's ship, but Garp reassures Koby that justice will prevail.
18.07 / 16:57
Progressive
Manufacturing
UK set to secure commitment from Tata Group to build electric Jaguar and Land Rover battery plant
Tata Group to build a battery plant supplying a new range of electric Jaguar and Land Rover models. Tata has chosen a site in Somerset, west England, owned by Salamanca Group, an investment and advisory business with roots in real estate, people familiar with the plans said. The Indian parent of the British brands will outline its decision as soon as this week, said the people, declining to be named discussing non-public information. Tata previously considered building its battery site in Spain, but a decision in favor of the UK will help to secure the future of JLR’s plants in its traditional home market. The cell factory will have an eventual capacity of 40 gigawatt hours, enough to supply roughly half a million vehicles per year depending on the size of the batteries.
18.07 / 16:23
Action
Gap
Racing
Yellow
Tour de France 2023 Stage 16: Results, highlights, summary, rankings, upcoming stages
Stage 16 of the Tour de France took place on Tuesday, covering a distance of 22.4 km from Passy to Combloux. It was an individual time trial for the men's elite category. The wind was blowing from the east at a speed of 3 km/h. The route and finish profiles were semi-mountainous. Here are the top finishers: Jonas Vingegaard from Denmark, riding for Jumbo — Visma, is first with a time of 32 minutes and 36 seconds. Tadej Pogacar from Slovenia, representing UAE Team Emirates, is at second, 1 minute and 38 seconds behind the leader. Wout van Aert from Belgium, riding for Jumbo — Visma, is in third position, with a time gap of 2 minutes and 51 seconds. Pello Bilbao from Spain, representing Bahrain Victorious, is fourth, 2 minutes and 55 seconds behind the leader. Simon Yates from Great Britain, riding for Team Jayco — AlUla, is in fifth position, with a time gap of 2 minutes and 58 seconds.
18.07 / 15:17
COST
UPS
GBP
Sunak
UK PM Rishi Sunak's Illegal Migration Bill clears Parliament hurdle
Migration Bill, instrumental to Prime Minister Rishi Sunak's pledge to «stop the boats» of illegal migrants entering the country's shores, has cleared its long-drawn parliamentary hurdle and will soon become law after Royal Assent from King Charles III. Under the bill, the UK's Home Secretary will have a legal duty to detain and remove anyone entering the UK illegally.
18.07 / 15:05
Man
Kerala man loses ₹40,000 to AI-based deepfake scam
₹40,000 after cybercriminals used deep fake AI technology and posed as a former colleague in a WhatsApp video call and sought money for his sister's surgery. Radhakrishnan first received a call from an anonymous number, which he ignored. Later, he found several messages from the same number on his WhatsApp with the person identifying himself as his former colleague at Coal India Ltd.
18.07 / 14:47
regulation
FCA
treasury committee
National
audit
National Audit Office to scrutinise FCA as its responsibilities grow
The FCA said it welcomes the National Audit Office’s review.
18.07 / 14:47
funds
private equity
Goldman Sachs AM raises $200m for its debut private markets ELTIF
Barry Fricke (pictured) is EMEA head of alternatives distribution for wealth at Goldman Sachs Asset Management
18.07 / 14:47
equities
Value retakes the lead as risk appetite revives
Sentiment was buoyed by the relative stability in long bond yields in the second quarter, reflecting well-anchored market expectations for longer-term inflation and interest rates.
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