In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
Britain
Blue chip companies don’t make the cut on Britain’s revised best practices code
On Monday, in a statement Britain’s Financial Reporting Council said, 125 companies, including Fidelity, BlackRock, M&G, Legal & General, have endorsed Britain’s tougher best practice code to stop “greenwashing” assets, with 64 companies failing to make the cut. Among the… Read More ›
UK Germany, Netherlands agree on common G7 approach on Taliban
In a statement British Prime Minister Boris Johnson’s office said, Prime Minister Boris Johnson and German Chancellor Angela Merkel have discussed the situation in Afghanistan and agreed on the need for a common approach by the G7 as well as… Read More ›
UK car production volumes fell to lowest level since 1950s: SMMT
On Thursday, a trade industry body in Britain said, in July 2021 car production in the country has fallen to its lowest level since 1956; the global shortage of semiconductors as well as a shortage of staff because of the… Read More ›
Britain pushes G7 for new economic sanctions on Taliban
Britain plans on collaborating with world leaders to consider imposing new sanctions on the Taliban, which took control of Afghanistan following the disorderly exit of US troops from the country. The G7 is scheduled to meet on Tuesday to discuss… Read More ›
Crypto exchange Binance hires former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer
In a statement Binance said, it had appointed former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer, in an effort to reinvent itself as a regulated financial firm from being one of the world’s largest… Read More ›
London court approves $14 billion class action lawsuit against Mastercard
In a significant development, a court in London has approved a $14 billion-plus (10 billion pound-plus) class action lawsuit against Mastercard. According to claimants, 46 million British adults could receive 300 pounds each if it is successful. The class action… Read More ›
Britain helps travel industry, cuts cost of COVID-19 tests for travel purposes
In a statement Britain’s Department of Health and Social Care said, it was cutting the cost of COVID-19 tests for travel from the National Health Service (NHS) and was reviewing the list of private providers to ensure pricing is transparent;… Read More ›
Travel sector recovering from COVID-19 pandemic: Holiday company TUI Group
On Thursday, in a statement the TUI Group said, the holiday travel sector is seeing a recovery from the COVID-19 pandemic. Following easing of travel restrictions in Britain, the holiday company saw a surge in bookings from Germany and continental… Read More ›
Travel recovery has begun: Heathrow Airport
In a statement Britain’s Heathrow Airport said, the total number of passenger travelling through the airport in in July has surged, following the government easing travel restrictions; it however warned that overall numbers were still down by 80% compared to… Read More ›