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 ›
Economy & Finance
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.
Allegations Of Charging ‘Excessive’ Fees Levelled Against Visa And Mastercard In The UK
Retail companies in Britain have alleged that Visa and Mastercard have benefitted during the novel coronavirus pandemic by charging “excessive fees”. Over the last two years, the two companies have almost doubled the scheme fees charged, said British retail groups…. Read More ›
Britain-U.S. trade negotiations intensify ahead of critical U.S. Presidential elections
In a significant development, British trade minister Liz Truss said, Britain and the United States are intensifying trade negotiation. The announcement comes ahead of the start of the fifth round of negotiations focused on goods tariffs. Britain has placed a… Read More ›
Washington starts anti-dumping probe on aluminium foil from Armenia, Oman, Brazil, Turkey and Russia
In a statement, the U.S. Department of Commerce stated, it will commence investigation into the import of aluminum foil from countries incluing Armenia, Oman, Brazil, Turkey and Russia, for potential dumping or unfair subsidies. It went on to add, the… Read More ›
U.S. automakers preparing for potential Biden win
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House. Both, U.S. President Donald Trump and Biden need the votes of auto workers in Midwestern… Read More ›
First ever visit by UAE delegation led by economy minister to normalise relations with Israell
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
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