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UK Chancellor Rishi Sunak to announce cash bailout for 5 mn self-employed

UK Chancellor Rishi Sunak to announce cash bailout for 5 mn self-employed

Mon, Mar 23, 2020

Amid mounting pressure, more than 2,000 musicians on Sunday wrote to the Chancellor warning that the outbreak, which has killed 281 people and infected nearly 6,000 others, has resulted in the "complete shutdown of our places of work".

UK visa price hike coming? Rishi Sunak's Budget to make it costlier

UK visa price hike coming? Rishi Sunak's Budget to make it costlier

Thu, Mar 12, 2020

"The increase in the health surcharge to 620 pounds will add to the already expensive visa fees for overseas skilled workers. This will be an additional burden on Indian businesses operating in the UK," said Baroness Usha Prashar, Chair of the UK Council of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Who is Rishi Sunak? Facts about Britain's new finance minister

Who is Rishi Sunak? Facts about Britain's new finance minister

Fri, Feb 14, 2020

First elected to parliament in 2015, Sunak previously served as Chief Secretary to the Treasury, the second in command to the finance minister, overseeing public spending

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Tata Steel UK's pensions trustee warns deficit to surge

Tata Steel UK's pensions trustee warns deficit to surge

Fri, Jan 27, 2017

Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.

Kingfisher tycoon Vijay Mallya charged in loan default case: CBI

Kingfisher tycoon Vijay Mallya charged in loan default case: CBI

Tue, Jan 24, 2017

The Central Bureau of Investigation on Tuesday charged Vijay Mallya, the liquor and aviation tycoon, with having misappropriated a 9 billion rupee ($132 million) loan granted by a government-owned bank, a CBI spokesman said.

Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report

Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report

Thu, Jan 19, 2017

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its city headcount by half, German business daily Handelsblatt reported on Thursday.

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thu, Jan 19, 2017

Thailand`s flagship airline on Thursday said it had launched a probe into revelations that Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.

Number of UK workers edges down again, but pay growth picks up pace

Number of UK workers edges down again, but pay growth picks up pace

Wed, Jan 18, 2017

The number of people in work in Britain fell for a second time in a row in the three months to November, official data showed on Wednesday, a latest suggestion that the Brexit vote may be making employers nervous about hiring.

HSBC to shift staff from Britain to Paris after Brexit

HSBC to shift staff from Britain to Paris after Brexit

Wed, Jan 18, 2017

HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain`s exit from the European Union, Chief Executive Stuart Gulliver said on Wednesday.

Britain will leave European Union's single market, PM Theresa May says

Britain will leave European Union's single market, PM Theresa May says

Tue, Jan 17, 2017

Britain will leave the EU`s single market when it exits the European Union (EU), Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

Brexit worries push gold prices to highest in over 7 weeks

Brexit worries push gold prices to highest in over 7 weeks

Tue, Jan 17, 2017

Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".

Tata Steel offers to pay millions for pension scheme revamp

Tata Steel offers to pay millions for pension scheme revamp

Fri, Jan 13, 2017

Tata Steel Ltd has offered to pay hundreds of millions of pounds to its pension scheme to release a guarantee the fund holds over its Dutch assets, as the Indian firm moves closer to merging its European assets with Germany`s Thyssenkrupp , the Financial Times reported.

India's economy trumped Britain in 2016

India's economy trumped Britain in 2016

Mon, Jan 02, 2017

It is no mean achievement when Indian economy flexed its muscles in 2016 and briefly nosed ahead of Britain -- its once colonial master.

The ups and downs of stock markets in 2016

The ups and downs of stock markets in 2016

Sat, Dec 31, 2016

The equity markets witnessed more volatility this year on the back of various events both in domestic and international, which led the investor dance on its tunes.

Know everything about Agni-V missile that India test-fired today

Know everything about Agni-V missile that India test-fired today

Mon, Dec 26, 2016

India on Monday has successfully test-fired intercontinental surface-to-surface nuclear capable ballistic missile Agni-V from the Abdul Kalam Island in the Odisha state.

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

Fri, Dec 16, 2016

European Union (EU) leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc.

US Federal Reserve to raise rates as Donald Trump economy looms

US Federal Reserve to raise rates as Donald Trump economy looms

Sun, Dec 11, 2016

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.

Fitch affirms British debt rating, outlook negative

Fitch affirms British debt rating, outlook negative

Sat, Dec 10, 2016

The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.

Support for economic system 'under threat', says BoE's Mark Carney

Support for economic system 'under threat', says BoE's Mark Carney

Tue, Dec 06, 2016

Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tue, Nov 29, 2016

Tata Steel and Thyssenkrupp are looking at reducing the size of Britain`s largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.

London will bounce back despite Brexit: Lord Mayor

London will bounce back despite Brexit: Lord Mayor

Mon, Nov 28, 2016

The Brexit vote has shaken the city of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.

EU Parliament won't accept Brexit deal threatening four EU freedoms

EU Parliament won't accept Brexit deal threatening four EU freedoms

Tue, Nov 22, 2016

The European Parliament will not accept an agreement for Britain`s exit from the European Union that would endanger any of the four EU freedoms, including the freedom of movement of people, parliament`s negotiator Guy Verhofstadt said on Tuesday.

Raid on 20,000 Tesco Bank accounts fuels UK cybercrime fears

Raid on 20,000 Tesco Bank accounts fuels UK cybercrime fears

Tue, Nov 08, 2016

Tesco Bank, owned by Britain's biggest retailer Tesco, halted all online transactions on Monday after money was stolen from 20,000 accounts in the country's first such cyber heist.

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