In a significant development London-based real estate agent Foxtons Group said, it has decided to appoint Guy Gittins as its new CEO. Gittins is currently the CEO of its rival Chestertons. Gittins will take over from Nic Budden; his appointment comes… Read More ›
London
Boris Johnson’s Conservatives Party suffers from early losses in local elections
Results of early local elections in Britain are showing Boris Johnson’s Conservatives Party suffering early losses in a ballot held against the backdrop of Western sanctions against Russia fuelling inflation in the country resulting in the rise of the cost… Read More ›
Britain wants to renegotiate portions of Brexit deal related to Northern Ireland
In a statement to a British parliamentary committee, Britain’s Europe minister James Cleverly said, London and Brussels are at an impasse over changes to parts of the Brexit deal that relate to Northern Ireland. Both sides have been trying to… Read More ›
Britain reduces tariffs on Ukrainian exports to Britain to zero
In a statement the British government said, all tariffs on goods exported by Ukraine to Britain under an existing free trade agreement will be removed to help the Ukrainian economy. “All tariffs would be reduced to zero and all quotas… Read More ›
Russia’s biggest lender Sberbank closes EU operations
In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
Resolving Northern Ireland’s trade rights will help Britain and EU focus on external issues: Liz Truss
On Monday, British Foreign Secretary Liz Truss is scheduled to tell the European Union that the sooner the dispute over Northern Ireland’s trade rights are resolved the faster it will enable London and Brussels to focus on external issues including… Read More ›
Qatar Airways launches lawsuit against Airbus over blistered paint
In a statement Qatar Airways said, it has launched a lawsuit against EU planemaker Airbus in a bid to resolve a dispute over skin flaws on A350 passenger jets. For months, both companies have been locked in a dispute over damages… Read More ›
Royal Dutch Shell undertakes major steps, to relocate HQ to London, simplify corporate structure, to be known as Shell Plc
In a statement Royal Dutch Shell said, it would do away with its dual share structure and relocate its headquarters to Britain from the Netherlands. The development comes at a time when the oil giant is facing increasing climate pressure in… 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 ›
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 ›