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UK payments report calls for alternatives to Mastercard and Visa

UK payments report calls for alternatives to Mastercard and Visa

Thu, Nov 23, 2023

Open banking could also improve the currently "clunky" experience of direct consumer-to-consumer transfers, it said.

EU launches first phase of world's first carbon border tariff

EU launches first phase of world's first carbon border tariff

Sun, Oct 01, 2023

The planned tariff has caused disquiet among trading partners and at a forum last month, China's top climate envoy Xie Zhenhua urged countries not to resort to unilateral measures such as the EU levy.

Britain gives go-ahead for biggest new North Sea oilfield in years

Britain gives go-ahead for biggest new North Sea oilfield in years

Wed, Sep 27, 2023

The windfall tax includes an investment incentive that means oil and gas firms can offset from their tax bill around 91 pounds in every 100 pounds spent on new production.

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Bank of England's Governor Mark Carney likely to leave in 2018: Report

Bank of England's Governor Mark Carney likely to leave in 2018: Report

Sun, Oct 30, 2016

Bank of England (BoE) Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as on Thursday, British newspapers reported at the weekend.

Unilever warns of British price hikes as pound falls

Unilever warns of British price hikes as pound falls

Thu, Oct 13, 2016

Dutch food giant Unilever, reportedly caught up in a pricing war with a British supermarket chain, warned Thursday the falling pound will likely hike its prices in Britain.

IMF maintains 3.1% global growth forecast in 2016

IMF maintains 3.1% global growth forecast in 2016

Tue, Oct 04, 2016

The IMF revised down its 2016 growth prospects for advanced economies following a slowdown in the United States and Britain`s vote to leave the European Union

British steel workers face prospect of pension quick fix

British steel workers face prospect of pension quick fix

Fri, Sep 09, 2016

A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters.

Britain presses for 'unique' deal with EU after Brexit

Britain presses for 'unique' deal with EU after Brexit

Tue, Sep 06, 2016

Britain's new government, under Prime Minister Theresa May, has so far given little detail of what the country wants when it leaves the EU, saying it was focusing on preparing its negotiating stance for when it triggers the divorce procedure.

Infosys says seeing client-specific issues after Brexit, shares down 1.08%

Infosys says seeing client-specific issues after Brexit, shares down 1.08%

Fri, Aug 26, 2016

IT services provider Infosys is seeing some 'softness' in clients after Britain voted in June to leave the European Union (EU), a top company executive said during an analyst meet on Friday.

UK employers scale back hiring plans after Brexit vote

UK employers scale back hiring plans after Brexit vote

Mon, Aug 15, 2016

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union (EU), a survey showed on Monday.

Global economic uncertainity an opportunity for India's masala bonds

Global economic uncertainity an opportunity for India's masala bonds

Wed, Jul 27, 2016

Ongoing uncertainity in the global markets and Britain's decision to leave the European Union (EU) are likely to give an opportunity for India's Blue Chip Masala Bonds to attract more overseas investors.

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Mon, Jul 18, 2016

Sitharaman further said, “At present, there is no bilateral trade agreement that India has with EU.”

Theresa May takes charge as the Prime Minister of UK

Theresa May takes charge as the Prime Minister of UK

Wed, Jul 13, 2016

Britain's second-ever female Prime Minister since Thatcher's term in 1979-1990 is widely expected to champion the cause of women in politics and a series of female Tory MPs are set for prominent roles in her Cabinet.

I have the time to focus on things that I enjoy: Vijay Mallya

I have the time to focus on things that I enjoy: Vijay Mallya

Fri, Jul 08, 2016

The Force India co-owner's diplomatic passport, which he carried as a member of the Rajya Sabha, was revoked in April with a judge in Mumbai issuing a non-bailable warrant for his arrest.

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

Tue, Jul 05, 2016

"The growth will be adversely affected by high leverage of some large corporates also weighs on credit demand, while impaired assets in the banking system negatively affect credit supply," Moody's Senior Vice-President Marie Diron said in the report.

Sterling skids to fresh 31-year low on Brexit fallout worries

Sterling skids to fresh 31-year low on Brexit fallout worries

Tue, Jul 05, 2016

The pound, the asset that has borne the brunt of market concerns about the economic impact of the vote, slid as much as 1.3% on Tuesday to hit $1.3112, its lowest since September 1985.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

London Mayor Khan demands more autonomy for London after Brexit

London Mayor Khan demands more autonomy for London after Brexit

Tue, Jun 28, 2016

London mayor Sadiq Khan on Tuesday called for the city to be given more autonomy to allow it to ride out the economic uncertainty unleashed by Britain`s vote to leave the European Union.

Global equities extend losses, sterling near 30-year lows in Brexit aftermath

Global equities extend losses, sterling near 30-year lows in Brexit aftermath

Tue, Jun 28, 2016

Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain's shock vote to exit the European Union (EU) continued to roil financial markets.

Brexit impact: Indian pharma seems immune, says Phillip Capital

Brexit impact: Indian pharma seems immune, says Phillip Capital

Mon, Jun 27, 2016

"Brexit has raised business concerns around the world about trade and currency fluctuations, but Indian pharma seems immune," Surya Patra and Mehul Sheth from Phillip Capital Research said in research note on June 24.

Brexit impact: Rupee likely to range from Rs 67 to 68 against dollar in near term

Brexit impact: Rupee likely to range from Rs 67 to 68 against dollar in near term

Sat, Jun 25, 2016

The Indian rupee is predicted to range between 67.20 to 68.20 in the very near-term.

Brexit an 'exaggerated' Tsunami alert to world, says Anand Mahindra

Brexit an 'exaggerated' Tsunami alert to world, says Anand Mahindra

Sat, Jun 25, 2016

Explaining the rationale, he said, "The European experiment was akin to rolling a boulder uphill in the absence of complete political and fiscal union."

Brexit 'wake-up call for Europe', says Austrian leader

Brexit 'wake-up call for Europe', says Austrian leader

Sat, Jun 25, 2016

Saying he does not fear a "domino effect" of referendums across the continent, he also expressed his belief that Austria will be able to manage in the aftermath of the British departure from the EU, Xinhua reported.

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