United Kingdom
UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images U.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump’s trade policy hit the […]
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Oxford, Cambridge fall in global college rankings — experts say it’s a red flag for UK innovation
The annual QS World University Rankings saw Britain’s elite Oxford (above) and Cambridge universities drop one place to fourth and sixth, respectively. Halbergman | Istock | Getty Images Top British universities fell in global rankings last week, with experts raising red flags about the region’s ability to continue attracting international talent and nurturing innovation. The […]
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UK Finance Minister Rachel Reeves’ spending plans risk creating ‘a snowball effect’ that pushes borrowing costs higher
LONDON, UNITED KINGDOM – MARCH 26, 2025: Britain’s Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images) Wiktor Szymanowicz | Future Publishing | […]
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BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into […]
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Aerospace giant Rolls-Royce to build Britain’s first small modular nuclear reactors
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors. The […]
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‘Collateral damage’: Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S. The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the […]
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IonQ buys UK quantum startup Oxford Ionics for more than $1 billion
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion. Shares gained about 4%. The companies said in a release that the deal will combine IonQ’s quantum computing hardware and software knowledge with Oxford Ionics’ semiconductor chip technologies. The company aims to deliver breakthroughs in the field […]
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UK growth to be reined in by public finance squeeze, OECD warns
Considered the home of theatre in London this view is looking from Piccadilly Circus Doug Armand | Stone | Getty Images U.K. economic growth is expected to be stifled by an ongoing squeeze on the country’s public finances, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. The U.K. is expected to grow […]
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White House ‘close to the finish line’ on some trade deals, says Treasury official
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals. “As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior […]
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Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover
Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, […]
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