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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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UK govt announces changes to visa policy for non-EU nationals; to affect Indian IT professionals

UK govt announces changes to visa policy for non-EU nationals; to affect Indian IT professionals

Fri, Nov 04, 2016

In a crackdown to curb its soaring immigration figures, the UK government has announced changes to its visa policy for non-EU nationals, which will affect a large number of Indians especially IT professionals.

UK bankers confident of London's place after Brexit: Study

UK bankers confident of London's place after Brexit: Study

Wed, Nov 02, 2016

Almost three quarters of British bankers believe London will still be the financial centre of Europe in five years' time, despite risks surrounding Brexit, according to a study published on Wednesday.

Bank of England's Governor Mark Carney likely to leave in 2018: Report

Bank of England's Governor Mark Carney likely to leave in 2018: Report

Sun, Oct 30, 2016

Bank of England (BoE) Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as on Thursday, British newspapers reported at the weekend.

Unilever warns of British price hikes as pound falls

Unilever warns of British price hikes as pound falls

Thu, Oct 13, 2016

Dutch food giant Unilever, reportedly caught up in a pricing war with a British supermarket chain, warned Thursday the falling pound will likely hike its prices in Britain.

IMF maintains 3.1% global growth forecast in 2016

IMF maintains 3.1% global growth forecast in 2016

Tue, Oct 04, 2016

The IMF revised down its 2016 growth prospects for advanced economies following a slowdown in the United States and Britain`s vote to leave the European Union

British steel workers face prospect of pension quick fix

British steel workers face prospect of pension quick fix

Fri, Sep 09, 2016

A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters.

Britain presses for 'unique' deal with EU after Brexit

Britain presses for 'unique' deal with EU after Brexit

Tue, Sep 06, 2016

Britain's new government, under Prime Minister Theresa May, has so far given little detail of what the country wants when it leaves the EU, saying it was focusing on preparing its negotiating stance for when it triggers the divorce procedure.

Infosys says seeing client-specific issues after Brexit, shares down 1.08%

Infosys says seeing client-specific issues after Brexit, shares down 1.08%

Fri, Aug 26, 2016

IT services provider Infosys is seeing some 'softness' in clients after Britain voted in June to leave the European Union (EU), a top company executive said during an analyst meet on Friday.

UK employers scale back hiring plans after Brexit vote

UK employers scale back hiring plans after Brexit vote

Mon, Aug 15, 2016

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union (EU), a survey showed on Monday.

Global economic uncertainity an opportunity for India's masala bonds

Global economic uncertainity an opportunity for India's masala bonds

Wed, Jul 27, 2016

Ongoing uncertainity in the global markets and Britain's decision to leave the European Union (EU) are likely to give an opportunity for India's Blue Chip Masala Bonds to attract more overseas investors.

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Mon, Jul 18, 2016

Sitharaman further said, “At present, there is no bilateral trade agreement that India has with EU.”

Theresa May takes charge as the Prime Minister of UK

Theresa May takes charge as the Prime Minister of UK

Wed, Jul 13, 2016

Britain's second-ever female Prime Minister since Thatcher's term in 1979-1990 is widely expected to champion the cause of women in politics and a series of female Tory MPs are set for prominent roles in her Cabinet.

I have the time to focus on things that I enjoy: Vijay Mallya

I have the time to focus on things that I enjoy: Vijay Mallya

Fri, Jul 08, 2016

The Force India co-owner's diplomatic passport, which he carried as a member of the Rajya Sabha, was revoked in April with a judge in Mumbai issuing a non-bailable warrant for his arrest.

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

Tue, Jul 05, 2016

"The growth will be adversely affected by high leverage of some large corporates also weighs on credit demand, while impaired assets in the banking system negatively affect credit supply," Moody's Senior Vice-President Marie Diron said in the report.

Sterling skids to fresh 31-year low on Brexit fallout worries

Sterling skids to fresh 31-year low on Brexit fallout worries

Tue, Jul 05, 2016

The pound, the asset that has borne the brunt of market concerns about the economic impact of the vote, slid as much as 1.3% on Tuesday to hit $1.3112, its lowest since September 1985.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

London Mayor Khan demands more autonomy for London after Brexit

London Mayor Khan demands more autonomy for London after Brexit

Tue, Jun 28, 2016

London mayor Sadiq Khan on Tuesday called for the city to be given more autonomy to allow it to ride out the economic uncertainty unleashed by Britain`s vote to leave the European Union.

Global equities extend losses, sterling near 30-year lows in Brexit aftermath

Global equities extend losses, sterling near 30-year lows in Brexit aftermath

Tue, Jun 28, 2016

Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain's shock vote to exit the European Union (EU) continued to roil financial markets.

Brexit impact: Indian pharma seems immune, says Phillip Capital

Brexit impact: Indian pharma seems immune, says Phillip Capital

Mon, Jun 27, 2016

"Brexit has raised business concerns around the world about trade and currency fluctuations, but Indian pharma seems immune," Surya Patra and Mehul Sheth from Phillip Capital Research said in research note on June 24.

Brexit impact: Rupee likely to range from Rs 67 to 68 against dollar in near term

Brexit impact: Rupee likely to range from Rs 67 to 68 against dollar in near term

Sat, Jun 25, 2016

The Indian rupee is predicted to range between 67.20 to 68.20 in the very near-term.

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