A net profit of £611 million ($797.7 million) was reported for the third quarter by the British bank Barclays on Friday as the lender attempts to stage a recovery from the hit it took because of the novel coronavirus pandemic…. Read More ›
Day: October 23, 2020
Post-Brexit Trade Deal Formally Signed Between Britain And Japan
The first big post-Brexit trade deal for the UK was signed after it formally inked a trade agreement with Japan. Under the deal, which was announced last month, no tariffs would be imposed on nearly all its exports to Japan… Read More ›
Wells Fargo exploring sale of asset management business: Sources
In what is likely to be Wells Fargo & Co’s biggest shake up since former Bank of New York Mellon chief executive Charles Scharf joined the bank as its CEO in 2019, sources familiar with the matter at hand have… Read More ›
British government job support schemes likely to be hit with $5 billion fraud: National Audit Office
In a significant development, Britain’s spending watchdog stated, “British companies may have fraudulently claimed up to $5.1 billion (3.9 billion pounds) in public money by accepting funds from a salary support scheme while ordering furloughed staff to still work during… Read More ›
Japan and Britain sign trade deal
In a significant development which marks Britain’s first big post-Brexit step, Japan and Britain have formally entered into a trade agreement on Friday. Japanese Foreign Minister Toshimitsu Motegi and UK Trade Minister Liz Truss signed the agreement in Tokyo.
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