Brexit
Facebook-parent Meta settles with Australia’s privacy watchdog over Cambridge Analytica lawsuit
In an aerial view, people gather in front of a sign posted at Meta headquarters in Menlo Park, California, July 7, 2023. Justin Sullivan | Getty Images Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal. […]
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UK business confidence falls to lowest level in almost two years after Labour budget
Members of the public are seen shopping for Black Friday deals in Glasgow, Scotland. Jeff J Mitchell | Getty Images News | Getty Images LONDON — British businesses lost steam and pulled back on hiring last month, as industry reacted to the Labour government’s bumper tax-raising budget, new data showed Monday. Business confidence in the […]
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Britain’s Supreme buys Typhoo Tea out of administration
UK, Essex, Harlow, senior man holding a cup of tea whilst sitting on his garden patio in the morning. Gary Yeowell | Digitalvision | Getty Images Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The […]
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UK’s Labour to unveil hotly-awaited budget with billions in tax rises expected
UK minimum wage raised in boost for ‘working people’ Finance Minister Rachel Reeves said Tuesday that the U.K.’s minimum hourly wage for over 21-year-olds would rise by 6.7% to £12.21 ($15.87) from next April, in a signal of what could be further support measures for “working people” in Wednesday’s budget. For younger workers aged 18 […]
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IMF hikes UK growth outlook amid lower inflation and interest rates
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth […]
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Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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UK’s Rightmove rejects sweetened $8.3 billion bid from Murdoch’s REA Group
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch’s global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. Fred Greaves | Reuters British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch’s Australian property […]
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Britain needs extra $1.3 trillion investment for economic growth, report says
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images Britain needs an additional one trillion pounds ($1.3 trillion) in investment in […]
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UK’s Starmer, Germany’s Scholz seek to strengthen ties in post-Brexit reset
Keir Starmer, UK prime minister, left, and Olaf Scholz, Germany’s chancellor, ahead of their meeting at the Chancellery in Berlin, Germany, on Wednesday, Aug. 28, 2024. Krisztian Bocsi | Bloomberg | Getty Images U.K. Prime Minister Keir Starmer and German Chancellor Olaf Scholz met in Berlin on Wednesday with a view to deepen ties amid […]
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Taylor Swift London Eras Tour unlikely to move the needle on the Bank of England’s rate policy, analyst says
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Wembley Stadium on August 15, 2024 in London, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-breaking Eras Tour may have led to a surge in restaurant and hotel bookings in the U.K. — but it’s unlikely […]
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