News

Softbank-owned chip design company Arm set for year`s biggest IPO British chip design company Arm, owned by Japanese investment giant SoftBank, has filed for an IPO listing with Nasdaq, which is touted as the year’s biggest. Analysts expect Arm’s IPO to be the biggest of 2023. Last month, Bernstein analysts assessed Arm’s fair-market value to be about $40 billion, reports TechCrunch. SoftBank recently acquired a 24.99 per cent stake in Arm, reportedly at a valuation of more than $64 billion. Arm has developed and licensed high-...
Softbank-owned chip design company Arm set for year`s biggest IPO
Softbank-owned chip design company Arm set for year`s biggest IPO
Source: IANS
22/08/2023 11:30:53 AM
Global housing outlook brightens despite pressure from higher rates The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed world during the COVID pandemic - in some cases by more than 50% - but have fallen over the past year by modest amounts as central banks jacked up interest rates. Higher borrowing costs have made onl...
Global housing outlook brightens despite pressure from higher rates
Global housing outlook brightens despite pressure from higher rates
Source: Reuters
6/06/2023 4:15:27 PM
British chip giant to raise $10 bn in biggest stock market listing this year British microchip designing giant Arm has filed to sell its shares in the US, setting the stage for what could be the biggest stock market listing this year. The Cambridge-based firm is reportedly aiming to raise up to $10 billion, the BBC reported. In a blow to the UK, the company said in March that it did not plan to list its shares in London. Arm was bought in 2016 by Japanese conglomerate Softbank in a deal worth 23.4 billion pounds. At the time Arm was listed in London and Ne...
British chip giant to raise $10 bn in biggest stock market listing this year
British chip giant to raise $10 bn in biggest stock market listing this year
Source: IANS
1/05/2023 2:32:12 PM
Prime Minister Narendra Modi , Rishi Sunak agree on need for early conclusion of trade talks  Prime Minister Narendra Modi had a telephonic conversation with his UK counterpart Rishi Sunak on Thursday, during which the two leaders agreed on the need for early conclusion of a mutually beneficial free trade agreement (FTA) between the two countries. The discussions between the two Prime Ministers on the FTA have taken place amid reports in certain sections of British media that India had threatened to stall trade talks over the attack on its High Commission's office in Lond...
Prime Minister Narendra Modi , Rishi Sunak agree on need for early conclusion of trade talks
Prime Minister Narendra Modi , Rishi Sunak agree on need for early conclusion of trade talks
Source: IANS
14/04/2023 8:57:05 AM
President Droupadi Murmu to arrive in Hyderabad for first southern sojourn President Droupadi Murmu will be arriving here on Monday for a five-day southern sojourn. The President will stay at the Rashtrapati Nilayam, the official presidential retreat at Bolarum in Secunderabad, the twin city of Hyderabad. This will be Murmu's maiden visit to Hyderabad since she was elected to the highest office in July. During her five-day stay, she would visit Ramappa and Bhadrachalam temples as well as participate in locally arranged programmes in the city. The Tel...
President Droupadi Murmu to arrive in Hyderabad for first southern sojourn
President Droupadi Murmu to arrive in Hyderabad for first southern sojourn
Source: IANS
26/12/2022 10:59:11 AM
United Kingdom wages next year will be at their lowest level since 2006 Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed, media reported. The average British worker's pay in 2023 is expected to fall back to 2006 levels, once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall by as much as 3 per cent in 2022 and another 2 per cent in 2023, PwC has predicted in a report on the UK economy, CNN reported. The report confirms that wages have stagn...
United Kingdom wages next year will be at their lowest level since 2006
United Kingdom wages next year will be at their lowest level since 2006
Source: IANS
25/12/2022 1:42:28 PM
Zara launches its first ever beauty line With the goal of creating a range of products that anyone -- regardless of skin colour, gender, age or personal style -- will want to use, embracing individuality and a new perspective on the idea of beauty, Zara launched its first ever comprehensive beauty line this December. The best ingredients, cleanest formulae and refillable containers are used to create each product. The line of cosmetics for the eyes, lips, face and nails was developed under the creative direction of renowned Briti...
Zara launches its first ever beauty line
Zara launches its first ever beauty line
Source: IANS
22/12/2022 5:38:49 PM
India tweaks gas procurement norms for fertiliser firms to cut costs India has tweaked the gas procurement policy for fertiliser companies, allowing them to buy about a fifth of their monthly needs through the local spot market to help the government cut its subsidy bill, two government sources told Reuters. The government has amended the 2015 gas procurement guidelines under which fertiliser plants had to procure 80% of their gas needs through long-term contracts and the balance through three-month tenders. "Three-month prices are high as there is ...
India tweaks gas procurement norms for fertiliser firms to cut costs
India tweaks gas procurement norms for fertiliser firms to cut costs
Source: Reuters
22/12/2022 2:27:39 PM
Canada`s CPI rises 6.8% in November Canada's consumer price index (CPI) rose 6.8 per cent year over year in November, following a 6.9 per cent increase in October, the national statistical agency said. Statistics Canada said on Wednesday that excluding food and energy, prices rose 5.4 per cent on a yearly basis in November, following a gain of 5.3 per cent in October, reports Xinhua news agency. According to Statistics Canada, on a monthly basis, petrol prices fell 3.6 per cent in November following a 9.2 per cent inc...
Canada`s CPI rises 6.8% in November
Canada`s CPI rises 6.8% in November
Source: IANS
22/12/2022 12:30:21 PM
Yen rises, underpinned by BOJ policy tweak; dollar retreats The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan's surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5% to 131.85 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previo...
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Source: Reuters
22/12/2022 8:58:57 AM
Stocks gain, dollar softens as peak inflation bets rise  The dollar softened against major currencies and European stocks ticked higher on Thursday as easing U.S. inflation expectations reinforced investor confidence of a let up in price pressures. The Japanese yen inched closer to the four-month peak it scaled against the dollar on Tuesday after a hawkish policy tweak by the Bank of Japan fuelled widespread bets that the most dovish central bank of 2022 would roll back monetary stimulus. Easing gas prices pulled U.S. consumer 12-month ...
Stocks gain, dollar softens as peak inflation bets rise
Stocks gain, dollar softens as peak inflation bets rise
Source: Reuters
22/12/2022 8:51:03 AM
Wall Street ends green, dollar dips, Treasury yields rise on BOJ policy shift U.S. stocks closed higher on Tuesday in a modest reversal of a four-day sell-off, but the greenback lost altitude and bond yields jumped in the wake of an unexpected policy pivot from the Bank of Japan (BOJ). All three major U.S. equity indexes rebounded from an early-session dip, while the rising yen sent the dollar lower, and 10-year U.S. Treasury yields touched their highest level this month in reaction to the Japanese central bank's surprise policy change to allow long-term interes...
Wall Street ends green, dollar dips, Treasury yields rise on BOJ policy shift
Wall Street ends green, dollar dips, Treasury yields rise on BOJ policy shift
Source: Reuters
21/12/2022 9:35:25 AM
For bear stock pickers, 2023 is full of rich pickings Well-known activist short-selling hedge funds expect to find more companies squeezed by tough economic conditions in 2023, potentially increasing instances where balance-sheet sinkholes are hidden. Some $321 billion worth of U.S. and European speculative-grade debt is due for refinancing over the next 12-14 months. Defaults may double in 2023, if interest rates and corporate borrowing costs rise further, S&P Global Ratings reckons. GRAPHIC: The US has the lion's share of risky d...
For bear stock pickers, 2023 is full of rich pickings
For bear stock pickers, 2023 is full of rich pickings
Source: Reuters
16/12/2022 1:57:58 PM
BJP Madhya Pradesh raises Aligarh Muslim University reservation issue in Rajya Sabha BJP MP Brij Lal on Wednesday raised the issue of reservation in the Aligarh Muslim University in the Rajya Sabha. He alleged that there was no reservation for the SC, ST and OBC in the university. He said, "Both BHU and AMU were enacted by the same Act by the British government, but BHU has been giving the reservation to the category prescribed by the law and the AMU is not giving it." The BJP MP mentioned that the land for AMU was given by Raja Mahendra Pratap Singh. Al...
BJP Madhya Pradesh raises Aligarh Muslim University reservation issue in Rajya Sabha
BJP Madhya Pradesh raises Aligarh Muslim University reservation issue in Rajya Sabha
Source: IANS
14/12/2022 3:22:13 PM
Analysis-Bludgeoned bond markets hope peak inflation will bring revival in 2023 Many of the world's big bond fund managers, from BlackRock to Vanguard, are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight. Prices of U.S. 30-year Treasuries have gained over 10% in the past month, while UK-based fixed income funds saw inflows of 1.09 billion pounds ($1.33 billion) in November, the highest in two years, according to fund network Calastone. After a year that has seen the worst e...
Analysis-Bludgeoned bond markets hope peak inflation will bring revival in 2023
Analysis-Bludgeoned bond markets hope peak inflation will bring revival in 2023
Source: Reuters
14/12/2022 1:51:44 PM
Gold little changed as traders focus on Fed Gold prices traded in a narrow range on Wednesday, as investors awaited the U.S. Federal Reserve's policy decision later in the day after softer-than-expected inflation data fanned expectation of a moderate interest rate hike path. Spot gold was little changed at $1,811.06 per ounce, as of 0706 GMT, after hitting a more than five-month high on Tuesday as a smaller-than-expected rise in U.S. consumer prices buoyed bets for a slowdown in rate hikes. U.S. gold futures were down 0.1% at $1...
Gold little changed as traders focus on Fed
Gold little changed as traders focus on Fed
Source: Reuters
14/12/2022 9:41:07 AM
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland Apple on Tuesday announced that its safety service Emergency SOS via satellite is now available to customers in France, Germany, Ireland, and the UK. Available on all iPhone 14 models, the technology enables users to message with emergency services while outside of cellular and Wi-Fi coverage. Additionally, if users want to reassure friends and family of their whereabouts while travelling off the grid, they can now open the Find My app and share their location via satellite, the company...
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland
Source: IANS
13/12/2022 5:09:25 PM
Rajamouli, Jr NTR, Prabhas celebrate Golden Globe noms for 'RRR' Tollywood has hailed the Golden Globe Awards 2023 nominations for the epic adventure movie 'RRR' in two categories. The Telugu film industry is excited about the series of awards the movie is receiving across the world and it is now expecting the biggest of all -- the Oscars. The movie has been nominated for the Best Non-English Language Film and Best Original Song for the track 'Naatu Naatu'. Congratulations poured in for the 'RRR' team on the nominations and...
Rajamouli, Jr NTR, Prabhas celebrate Golden Globe noms for 'RRR'
Rajamouli, Jr NTR, Prabhas celebrate Golden Globe noms for 'RRR'
Source: IANS
13/12/2022 3:46:20 PM
Tata Motor trades higher on the BSE Tata Motors is currently trading at Rs. 419.30, up by 5.20 points or 1.26% from its previous closing of Rs. 414.10 on the BSE. The scrip opened at Rs. 419.50 and has touched a high and low of Rs. 421.30 and Rs. 417.30 respectively. So far 152613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Tata Motor trades higher on the BSE
Tata Motor trades higher on the BSE
Source: Accord Fintech
13/12/2022 11:55:21 AM
New technologies offer nature more accurate health checks In the rivers of the Peruvian Amazon, manatees wallow in the murky water, making them very hard to spot. If you're lucky, says British ecologist Kat Bruce, you might see their nostrils poking out above the surface. A few years ago, she joined conservationists from green group WWF who were travelling a 1,000-km (621-mile) stretch of river to study manatees and other species. "You basically can't survey them apart from by going to communities and asking if they've seen an...
New technologies offer nature more accurate health checks
New technologies offer nature more accurate health checks
Source: Reuters
13/12/2022 9:41:32 AM
EdTech-focused Accelerator launched to support foundational learning for children from low-income communities in India A consortium of leading non-profit and philanthropic organisations in the education sector in India have launched the 'EdTech Accelerator' to support foundational learning of children at-home. This consortium benefits from the expertise and support of founding partners Reliance Foundation and UBS Optimus Foundation with design and implementation by Central Square Foundation, British Asian Trust as Fund Manager and the U.S. Government, through the U.S. Agency for International Devel...
EdTech-focused Accelerator launched to support foundational learning for children from low-income communities in India
EdTech-focused Accelerator launched to support foundational learning for children from low-income communities in India
Source: IANS
12/12/2022 11:58:15 AM
Elton John says he will support his sons if they enter music industry British singer-composer Sir Elton John has vowed to support his sons if they follow him into the music industry. The 75-year-old singer has two sons Zachary (11) and Elijah (9), with his husband David Furnish, and Elton has promised to support his kids in whatever careers they choose, reports Female First UK. He told E! News: "They are still so young, so not entirely sure [what they want to do]. But of course, whatever their dreams and ambitions are, my husband David and I will ful...
Elton John says he will support his sons if they enter music industry
Elton John says he will support his sons if they enter music industry
Source: IANS
27/11/2022 2:10:25 PM
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal The government said on Tuesday that the negotiations on the proposed free trade agreement (FTA) between India and the UK are very much on track and are expected to restart next month. Union Commerce Minister Piyush Goyal, while speaking on the sidelines of a steel industry event, said that the India-UK FTA is a high-priority issue for both the nations and negotiations on it are expected to take place next month. Goyal said he is already in touch with his UK counterpart for the next roun...
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal
Source: IANS
23/11/2022 9:23:12 AM
Australia`s trade agreement with United Kingdom moves closer to implementation The Australian Parliament is set to ratify the free trade agreement (FTA) with the UK after a key committee approved it. The Joint Standing Committee on Treaties has released its report on the FTA, concluding it would help Australia liberalise and diversify its trade with the UK, reports Xinhua news agency Under the deal, which the two countries signed in 2021, 99 per cent of Australian goods including beef, dairy and sugar will enter the UK duty free. Prime Minister Anthony Albanese...
Australia`s trade agreement with United Kingdom moves closer to implementation
Australia`s trade agreement with United Kingdom moves closer to implementation
Source: IANS
18/11/2022 2:16:51 PM
Dollar bounces as U.S. economy sends mixed signals; sterling slips  The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound changed direction and slipped ahead of the government's budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its punishing interest rate hikes. Yet the dollar rose on Thursday after U.S. retail sales data for October, released on Wednesday, came in str...
Dollar bounces as U.S. economy sends mixed signals; sterling slips
Dollar bounces as U.S. economy sends mixed signals; sterling slips
Source: Reuters
17/11/2022 2:42:22 PM
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles The dollar rebounded on Thursday as strong U.S. retail data cast doubt on the recent narrative that inflation is in retreat and U.S. interest rates need not rise too much further. The risk-sensitive Aussie tumbled as Hong Kong's Hang Seng led a tech-driven slide in Asian equities. U.S. data overnight showed October retail sales rose 1.3%, compared with economist expectations for 1.0%, a healthy signal but one that dented hopes for a pause in rate increases. "Markets have pos...
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Source: Reuters
17/11/2022 9:13:36 AM
G20: Prime Minister Narendra Modi, Rishi Sunak to confirm new bespoke route for young professionals Prime Minister Narendra Modi and his British counterpart Rishi Sunak will meet on Wednesday at the G20 Summit in Bali during which the two leaders will confirm "a new bespoke, reciprocal route" which will open in early 2023 to give young professionals a once-in-a-lifetime opportunity to take part in a professional and cultural exchange. Hours after Sunak and Modi met on the sidelines of the summit on Tuesday, the British Prime Minister announced that 3,000 Indians will be granted...
G20: Prime Minister Narendra Modi, Rishi Sunak to confirm new bespoke route for young professionals
G20: Prime Minister Narendra Modi, Rishi Sunak to confirm new bespoke route for young professionals
Source: IANS
16/11/2022 2:47:12 PM
Currency trading in a spin after Polish explosion Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground sharply against the safe-haven dollar while equities pared gains after the Poland reports fueled fears that the nine-month war between Russia and Ukraine could escalate. Firefighters said two people were killed in an explosion in ...
Currency trading in a spin after Polish explosion
Currency trading in a spin after Polish explosion
Source: Reuters
16/11/2022 9:10:35 AM
Wall Street set to open lower ahead of earnings European stocks were mixed on Tuesday and U.S. futures pointed to a lower open for Wall Street, as investor hopes that the Federal Reserve could slow down its rate increases gave way to a more cautious tone ahead of U.S. company earnings. Asian equities struggled to make gains due to uncertainty over whether President Xi Jinping's new leadership team would prioritise economic growth in China, where the onshore yuan finished the domestic session with its weakest close since late 2007. ...
Wall Street set to open lower ahead of earnings
Wall Street set to open lower ahead of earnings
Source: Reuters
25/10/2022 5:27:06 PM
Asia stocks, pound savour the relief of UK U-turn    Asia stocks rose on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while sterling flirted with two-weeks high on hopes the Bank of England may further delay plans for quantitative tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.55%, while Japan's Nikkei rose 1.59%. European stock futures indicated stocks were set to continue their ascent, with the Eurostoxx 50 futures up 1.25%, German DAX fut...
Asia stocks, pound savour the relief of UK U-turn
Asia stocks, pound savour the relief of UK U-turn
Source: Reuters
18/10/2022 8:44:00 AM
Sterling rebounds on UK fiscal policy U-turn; yen struggles Sterling edged higher on Monday following British Prime Minister Liz Truss's partial reversal of her government's economic plan, while the yen was pinned near a 32-year low as markets awaited signs of intervention from Japanese authorities. The pound gained 0.6% to $1.1245 in early Asia trade, after Truss said on Friday that Britain's corporation tax will rise to 25% from April next year instead of keeping it at 19% as part of her government's initial "mini-budget"...
Sterling rebounds on UK fiscal policy U-turn; yen struggles
Sterling rebounds on UK fiscal policy U-turn; yen struggles
Source: Reuters
17/10/2022 8:53:50 AM
India-Britain trade deal to miss Diwali deadline - sources A free trade agreement between India and Britain will not be done in time for Diwali in late October, two sources in New Delhi told Reuters on Friday, although it was not immediately clear what was causing the delay. Previous sticking points have included a steep import duty on British whiskey for sale in India and India's demand for more visas for Indian students and businesses. After meeting Indian Prime Minister Narendra Modi in New Delhi in April, then-British premier Boris John...
India-Britain trade deal to miss Diwali deadline - sources
India-Britain trade deal to miss Diwali deadline - sources
Source: Reuters
14/10/2022 5:25:41 PM
UK wants stronger trading relationship with India, foreign minister Cleverly says British foreign minister James Cleverly said on Thursday Britain wanted to have an even stronger trading relationship with India after reports that remarks by a fellow minister about Indian immigrants could put a future deal in doubt. Asked about the comments made by interior minister Suella Braverman about Indian migrants in Britain and the possible impact, Cleverly said: "We do want to have an even stronger, and it's strong already, but an even stronger trading, relationship wit...
UK wants stronger trading relationship with India, foreign minister Cleverly says
UK wants stronger trading relationship with India, foreign minister Cleverly says
Source: Reuters
13/10/2022 12:20:57 PM
Pound falls sharply after Bank of England gives bond-buying end date The British pound has fallen sharply against the dollar after Bank of England Governer Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the governments mini-budget. The currency skidded by more than a cent against the dollar to below $1.10 after the Bank's governor insisted the 65 billion pound scheme to purchase UK government bonds would not be continued beyond the deadline on Friday, The Guard...
Pound falls sharply after Bank of England gives bond-buying end date
Pound falls sharply after Bank of England gives bond-buying end date
Source: IANS
12/10/2022 12:44:05 PM
Sterling and euro recover; ECB likely to be aggressive after high German CPI Sterling rose to a fresh one-week high on Friday, helping to push the U.S. dollar index to a one-week low, as British policymakers moved to undo some of the damage caused by last week's tax-slashing, debt-swelling fiscal plan. That puts the UK currency on course for its best week in 2 1/2 years. The euro also jumped to a one-week peak after a heated German inflation reading reinforced expectations for more aggressive policy action from the European Central Bank (ECB). The British...
Sterling and euro recover; ECB likely to be aggressive after high German CPI
Sterling and euro recover; ECB likely to be aggressive after high German CPI
Source: Reuters
30/09/2022 8:58:09 AM
British pound slumps to a 37-year low The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking, media reports said. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said that retail sales in August dropped 1.6 per cent month-over-month, the biggest decline since December 2021 and significantly worse than economists had expec...
British pound slumps to a 37-year low
British pound slumps to a 37-year low
Source: IANS
17/09/2022 12:20:02 PM
British investments in India continue since East India Company The British investments in India that began in early 1,600 CE with the entry of East India Company have continued to grow even 75 years after India gained Independence. According to Grant Thornton Bharat's latest Britain Meets India (BMI) report 2022, the UK remained the sixth-largest investor in India, with a cumulative investment of about $31.92 billion in 2000-22. This constituted around 5.4 per cent of the total foreign direct investment (FDI) into India. Despite low-key merger ...
British investments in India continue since East India Company
British investments in India continue since East India Company
Source: IANS
11/08/2022 1:45:15 PM
An auspicious moment in friendship with India: UK PM Boris Johnson British Prime Minister Boris Johnson on Friday said this was an auspicious moment in friendship with India and between the two largest democracies. The UK Prime Minister was given a ceremonial reception and a Guard of Honour at Rashtrapati Bhawan where he was received by Prime Minister Narendra Modi. Talking to the media after the ceremonial welcome, Johnson said that relations with India were never so strong. He also thanked the Gujarat government and the people for putting up a gra...
An auspicious moment in friendship with India: UK PM Boris Johnson
An auspicious moment in friendship with India: UK PM Boris Johnson
Source: IANS
22/04/2022 11:50:19 AM
Dollar near one-week low as Omicron fears ease; lira extends rally LONDON  - The dollar index flatlined near a one-week low on Thursday, as fears of fallout from the Omicron COVID variant eased, boosting higher risk currencies such as the Australian dollar and British pound. The dollar index, at 96.159, was unchanged on the day but near its weakest since last Friday. The U.S. dollar rose against the Japanese yen - another safe-haven currency - and was up 0.2% at 114.3, near Wednesday's one-month high of 114.37. Risk appetite has improved since...
Dollar near one-week low as Omicron fears ease; lira extends rally
Dollar near one-week low as Omicron fears ease; lira extends rally
Source: Reuters
23/12/2021 6:52:26 PM
Samsung Biologics to manufacture AstraZeneca's Covid antibody therapy British-Swedish pharmaceutical giant AstraZeneca on Tuesday said that Samsung Biologics, the biotech arm of Samsung Group, will manufacture its antibody combination against Covid-19. Under an agreement valued at approximately $380 million, Samsung Biologics will manufacture Evusheld -- AstraZeneca's combination of two long-acting antibodies in development for the potential treatment of Covid-19 -- at its plant in Songdo, Incheon, 40 km west of Seoul, Yonhap news agency reported. The...
Samsung Biologics to manufacture AstraZeneca's Covid antibody therapy
Samsung Biologics to manufacture AstraZeneca's Covid antibody therapy
Source: IANS
14/12/2021 3:00:38 PM
IDP to acquire British Council`s India IELTS business IDP will acquire 100 per cent of British Councils India IELTS business for 130 million pounds on a debt free, cash free basis. The IDP and British Council, the two partners of IELTS, the world's most popular high-stakes English language test, announced on Thursday that British Council will sell its IELTS business in India to IDP. This means that all IELTS tests in India will be delivered by IDP, a leader in global education services. As an Australian listed company, it has operation...
IDP to acquire British Council`s India IELTS business
IDP to acquire British Council`s India IELTS business
Source: IANS
2/07/2021 9:15:37 AM
Most British teachers say they lack training on climate change LONDON  - Nearly three quarters of British teachers say they have not had enough training to educate students about climate change, the implications of global warming and how best to confront them, a poll showed on Tuesday. Although 90% of teachers thought climate change education should be compulsory, 41% said it was rarely or never mentioned in their schools, according to a study by youth-led campaign group Teach the Future. Seven in 10 teachers said they had not received adequat...
Most British teachers say they lack training on climate change
Most British teachers say they lack training on climate change
Source: Reuters
16/03/2021 5:07:53 PM
Deliveroo aims to sell $1.4 billion of new shares in upcoming IPO LONDON  - British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion)of new shares in its upcoming initial public offering. The company, which is backed by Amazon, said its listing will also include the sale of shares by some existing shareholders. Deliveroo confirmed that it will have two classes of shares, with founder and chief executive Will Shu to be the sole holder of "class B" stock which will give each of hi...
Deliveroo aims to sell $1.4 billion of new shares in upcoming IPO
Deliveroo aims to sell $1.4 billion of new shares in upcoming IPO
Source: Reuters
15/03/2021 12:54:22 PM
Big on ideas, short on cash: Modern slavery fund seeks to transform global fight LONDON  -As the new chief executive of the four-year-old Global Fund to End Modern Slavery (GFEMS), Alex Thier has an ambitious goal - raise enough money to make human trafficking unprofitable. Hailed as a disruptive innovator at its birth - with backing from the U.S. and British governments - the public-private partnership aimed to replicate the success of other initiatives like the Global Fund to Fight AIDS, Tuberculosis and Malaria. GFEMS has so far raised about $80 million, mai...
Big on ideas, short on cash: Modern slavery fund seeks to transform global fight
Big on ideas, short on cash: Modern slavery fund seeks to transform global fight
Source: Reuters
27/02/2021 11:08:40 AM
Wrapped in Brexit red tape, a UK freight firm struggles to trade FELIXSTOWE, England  - In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service. Swallow is one of thousands of freight forwarders and customs brokers based around Britain's biggest ports who have described the overnight introduction of a full customs border as akin to the country placing economic sanctions on itself. Britain's New Year&#...
Wrapped in Brexit red tape, a UK freight firm struggles to trade
Wrapped in Brexit red tape, a UK freight firm struggles to trade
Source: Reuters
2/02/2021 9:42:29 AM
Tata Steel to continue separation of European activities - works council AMSTERDAM  - Tata Steel's European works council on Friday said it expected the separation of Tata Steel's Dutch and British operations to continue, despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill. "It is unclear how we will proceed, but we expect the separation to continue," works council chair Cinta Groos told Reuters. Groos said she did not expect takeover talks with ThyssenKrupp to be r...
Tata Steel to continue separation of European activities - works council
Tata Steel to continue separation of European activities - works council
Source: Reuters
29/01/2021 3:44:37 PM
Black, British, forgotten: UK arts retell lost tales LONDON  - The tale of an enslaved West African girl turned protegee to an English queen may sound like the stuff of fairy tales, but it comes straight from the history books - one of many forgotten Black British stories ripe for retelling. From African slave girls to post-war Caribbean immigrants, Black Britons are being resurrected in the arts as part of a wider reappraisal of racism and who gets to write history. Omoba Aina, who was renamed Sarah Forbes Bonetta, was given to Quee...
Black, British, forgotten: UK arts retell lost tales
Black, British, forgotten: UK arts retell lost tales
Source: Reuters
25/01/2021 3:41:35 PM