Britain Financial News

Canada Post employees are on strike and calls emerge to exclude Mexico from upcoming trade talks.While question period has continued, other house business is on hold due to a Conservative privilege motion calling on the government to turn over unredacted documents on a green technology fund.Prime Minister Justin Trudeau and some members of his cabinet are not in Ottawa for the first half of the week, as they attend the G20 meeting in Rio de Janeiro, Brazil.At the Asia-Pacific Economic Cooperation meeting in Lima, Peru this weekend, Foreign Affairs Minister Melanie Joly said many nations have been approaching Canada on how to work with the incoming Donald Trump administration in the United States.The Canada-U.S.-Mexico free trade agreement signed during the first Trump presidency is up for review in 2026, and the premiers of Ontario and Alberta say Canada should oust Mexico from the deal over not matching Canadian and American tariffs on imports like electric vehicles.

In Finsbury Growth & Income's (FGT) October factsheet, the manager said there are «several attractive candidates» that the trust is monitoring, with «tactical opportunities» in the UK market for «a new holding, or two».  The new positions will be funded by a «gradual increase in cash» that has resulted from selling some of the portfolio's exposure in London Stock Exchange and RELX following share price gains over the month.  Train said that FGT would buy more shares in both companies if it could. However, with holdings in LSEG and RELX representing 13.5% and 12.7% of the portfolio, re...

Subscribe to enjoy similar stories. Semiconductor chip manufacturer Polymatech Electronics will spend close to $300 million in closing two acquisitions within the next few months in the US and France as it expands its presence globally. Polymatech Electronics founder Eswara Rao Nandam told Mint that the acquisitions will be funded through a mix of internal accruals and external investments from potential equity investors.

Sri Lanka’s new Marxist-leaning president has sworn in a 22-member Cabinet after his party secured a two-thirds parliamentary majority in last week's election

As part of the promotion, Karim will report to both Jean-Christophe Menioux, general secretary and CFO, as well as Geoffroy Reiss, COO and global head of transversal services for AXA IM Core. Karim will also continue to fulfil part of her current responsibilities as global head of oversight and chief operating officer with the firm's Core division. She is set to take over from current UK CEO Marcello Arona, who is pursuing «an opportunity outside of the business», the firm said. AXA IM Core poaches abrdn's Dominic Byrne as head of global equities Karim joined AXA IM in 2007, and...

HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came from the commercial banking division against those from the global banking and markets unit to compete for the jobs available in the combined CIB division. The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations. As part of the shake-up, HSBC will phase out its use of the general manager titles that it gives to some of its most senior staff and will instead give those employees managing director titles, a common rank at many major financial services businesses, the people added.

Between 2013 and 2018, LCF raised £237m from 11,600 retail investors, claiming to lend the funds to UK SMEs after rigorous due diligence. Instead, much of the money was funnelled to connected companies in the London Group, led by former LCF director Michael Thomson and associates. Bondholders were misled about these connections and the payment of 25% commissions to sales agent Surge Financial. The Court concluded that LCF relied on funds from new investors to pay existing bondholders, effectively operating as a Ponzi scheme. Over £136m was misappropriated, with £75m routed throu...

Poultry on a commercial farm in England have been infected with the bird flu virus

Carl Benz might have invented the automobile, but it’s the United States that got us to drive them. The relentless export of American cars and car culture put the world on the road in the 20th century. By the 1960s, Ford Motor Co. had plants in almost every major European country, as well as Argentina, Brazil, Egypt, India, Israel, Peru, Pakistan, South Africa, Turkey, and Zimbabwe. Right now, it’s passing that baton to China with barely a fight. The US car industry that emerges will be smaller, less influential — and, eventually, less profitable and financially sustainable.

Subscribe to enjoy similar stories. Vedanta is one lucky company. It has a monopoly on nickel production in India, is the largest private crude oil producer and iron ore miner in India, has the lowest cost of production, and pays incredible dividends.

Canada Post and the union representing striking postal workers will head back to the bargaining table on Monday, this time with a special mediator appointed by the federal government.Members of the Canadian Union of Postal Workers (CUPW) took to the picket lines Friday in a nationwide strike that has halted all mail and parcel service by the Crown corporation.Jan Simpson, president of CUPW, told Global News’s Amandalina Letterio on Sunday that talks between the union and employer are set to resume on Monday.Peter Simpson, a special mediator appointed by the federal government on Thursday, will guide the renewed negotiations.Jan Simpson said the union “looks forward to working with the new mediator,” adding that “the best collective agreements are those negotiated at the bargaining table.”A spokesperson for Canada Post told Global News on Sunday that the Crown corporation also supports the appointment of a special mediator, but added that “the parties remain far apart at the table.”“We remain committed to reaching new agreements at the bargaining table, and not through arbitration and discussions continue,” the spokesperson said.Labour Minister Steve MacKinnon said on Friday he “is not looking at any other solution other than negotiation” to end the Canada Post strike, which business groups have charged will have damaging consequences for the Canadian economy and small businesses.MacKinnon intervened this past week in port shutdowns across British Columbia and Quebec, ordering binding arbitration to get goods flowing again through maritime channels.Postal workers are seeking improvements in wages, benefits and health and safety conditions after years of stagnant pay through the COVID-19 pandemic and recovery.Canada Post

Sudha Murty has spoken of her pride in son-in-law Rishi Sunak, a British citizen with «good Indian cultural values» imbibed from his parents' upbringing in the UK. Murty joined Sunak and her daughter Akshata Murty as the guest of honour at Bharatiya Vidya Bhavan's annual Diwali gala in London on Saturday evening. The parents of the British Indian former prime minister, Usha and Yashvir Sunak, were also in the audience as Bhavan UK students showcased a variety of Indian classical music and dance forms. «I always believe when you are abroad, your parents must do two things: one is good education, which gives you wings in return and you can fly anywhere and settle; the second is great culture, your origin which is Indian origin or roots which you can get at Bharatiya Vidya Bhavan along with your parents,» said Murty, delivering her keynote address.

Some travellers who checked baggage on certain WestJet flights between 2014 and 2019 may now claim their share of a class-action settlement approved by the British Columbia Supreme Court last month and valued at $12.5 million.

«All our FTAs, whether it is with the EU or UK, all are progressing as per the schedule,» the official said. In the coming weeks, a bilateral meeting is scheduled between the commerce secretary and the Director-General of the European Union to take stock of the negotiations for the proposed trade agreement with the European Union.

Coldplay concert tickets in India sold out in less than an hour on BookMyShow, leaving many fans heartbroken. Tickets for the first show in Ahmedabad, set for January 25, were released at 12 pm on Saturday and were quickly snapped up within minutes. The British rock band is all set to perform for the first time in India in January 2025. Many disappointed fans have expressed frustration, stating they were stuck in long online queues but still couldn't get a single ticket for the show.

Coldplay fans may just have some cold water thrown on their dreams to see the rock band perform live… due to a crisis of venues. A senior government official revealed that British rock band Coldplay initially chose Bengaluru as their preferred venue but shifted to Mumbai and Ahmedabad due to the city's lack of open arenas. «Major acts typically perform in large stadiums,» the official explained, highlighting how this limitation has also impacted other artists, such as A.R. Rahman, who canceled two Bengaluru shows for similar reasons. The official attributed the issue to the «short-sightedness of certain authorities, » to the Deccan Herald.

Air India flights to and from Europe and the UK will now face higher charges for checking in a second bag. Starting from October 17, Air India has introduced fare families, with the lowest economy fare offering one checked bag of up to 23 kg for these routes. Those who want to check in two bags will need to select a higher economy fare, with the price difference beginning at approximately Rs 4,000 for a one-way ticket. Most big Western airlines like Lufthansa allow one check-in bag to economy flyers and extra charges have to be paid for the second bag. British Airways starts with a handbag-only economy fare and then has higher economy fare levels that allow two bags of upto 23 kg each. ALSO READ: Want European views without the hassles of a Schengen visa?

The Canada Post strike is set to have the sharpest impact on small businesses and customers of the postal service, particularly those living in remote and rural communities, according to experts who spoke to Global News.

Shillong Cherry Blossom Festival 2024 came to a grand conclusion on Saturday, leaving the festival-goers amazed with a legendary lineup of performances, cultural showcases, and fun activities that made this year’s event truly unforgettable. Held at the RBDSA Sports Complex, the two-day festival attracted more than 50,000 visitors each day, celebrating music, at the “Music Capital of India”. The final day was a fitting climax. Internationally acclaimed British band Clean Bandit delivering an electrifying performance that had the audience swaying to their global hits. Bollywood sensation Kanika Kapoor added her signature charm, while Dutch-Moroccan DJ R3HAB brought the house down with his high-energy beats, transforming the arena into a pulsating dance floor. Local stars, including Khasi Bloodz and SK Korn, continued to shine, representing the vibrant talent of Meghalaya and showcasing the region's deep connection to music.

Subscribe to enjoy similar stories. Shomie Das, who was successively principal of three well-known boarding schools, Mayo College, Lawrence School, Sanawar, and The Doon School from 1969-95, had radically unconventional ideas about education, gleaned from German and Austrian educationists and the product of his own innate liberalism and innovativeness. His ideas about education have a relevance well beyond the three posh schools he headed because they were contrary to the priorities of Indian education, then and now.

Worsening bilateral diplomatic relations, a burgeoning housing crisis and a tight job market might dull Canada’s allure further, said multiple experts assisting Indian students with higher studies abroad. Canada’s decision to pause fast-track visas has left Indian students facing extended wait times and increased uncertainty, they said.