pro-European Union Liberal Democrats have won a parliamentary seat from Brecon and Radnoshire. On Friday, In a development that marks the first blow to British Prime Minister Boris Johnson after taking office, Britain’s pro-European Union Liberal Democrats won the parliamentary… Read More ›
Britain
FRC levies 3.5 million pounds on accounting firm KPMG
KPMG will have to increase its due diligence on meeting auditing standards. In a development that yet again highlight the poor performance of accounting firm KPMG, Britain’s accounting watchdog has levied a fine of $4.24 million on KPMG for failing… Read More ›
Roche extends $4.3 billion takeover offer for Spark Therapeutics to September 3
The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
24 out of 27 British sectors unprepared for no-deal Brexit: Confederation of British Industry
The lack of preparedness will significantly impact the majority of British sectors in the event of a no-deal Brexit, according to a report from the Confederation of British Industry. In a significant development, the Confederation of British Industry (CBI), a… Read More ›
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
Boris Johnson’s cunning plan for a no-deal Brexit
While there are a couple of scenarios by which Boris Johnson, Britain’s potential next Prime Minister, could deliver on his no-deal Brexit, the most cunning one involves removing them, temporarily of course, from having to deliberate on the issue. A… Read More ›
Will defend Brexit’s Irish backstop: Ursula von der Leyen
The stance taken by Ursula von der Leyen, a nominee for the next president of the European Commission, is likely to increase the chances of a hard Brexit. Ursula von der Leyen, the nominee for the next president of the… Read More ›
Relocation of FCA from Italy to Netherlands will significantly impact state revenues
Italy’s antitrust watchdog has complained that with more companies following FCA’s trail, the Italian state will see severe loss of state revenues. Italy’s national competition watchdog has stated, the decision by Fiat Chrysler Automobiles (FCA) to move its financial and… Read More ›
Hard Brexit border to cost 50K pounds a minute in border delays: British car industry body
Boris Johnson and rival Jeremy Hunt, have both said they are prepared to take Britain out of the EU without a deal on Oct. 31, 2019, although this is not their preferred option. In a statement, Britain’s car industry warned… Read More ›