Reuters. FILE PHOTO: Huawei’s logo is visible on a communication device in London, UK By Paul Sandle LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network on Tuesday, a momentous move that will delight Washington, dismay Beijing and mark the end ofRead More →
© Reuters. Petri dishes are pictured in an unknown location in a Cancer Research UK laboratory on an unknown date By Kate Holton and Paul Sandle LONDON (Reuters) – It’s 2023. Britain’s brightest and best drug researchers are packing their bags as clinical trials start to dwindle, leaving a nationRead More →
© Reuters. Britain’s Business Secretary Andrea Leadsom is seen outside Downing Street in London LONDON (Reuters) – Britain has approved Advent International’s $5 billion purchase of defense company Cobham (L:) after the U.S. private equity group made commitments to address national security concerns. Business minister Andrea Leadsom had put theRead More →
© Reuters. Britain rejects calls to expand watchdog powers after London Capital collapse By Huw Jones LONDON (Reuters) – Britain has rejected calls from lawmakers to give regulators more powers to protect consumers from unregulated investment products as thousands face losing money on “mini-bonds” bought from London Capital & FinanceRead More →
BRUSSELS (Project Syndicate) — The Brexit “Leave” campaign has been billed as an effort to “take back control” by restoring “sovereignty” to the United Kingdom’s Parliament. It is thus deeply ironic that one of the first moves of the Brexiteers upon coming to power has been to suspend Parliament andRead More →
© Reuters. FILE PHOTO: An EU flag flies beside Switzerland’s national flag near the German-Swiss border in Rheinfelden ZURICH (Reuters) – Switzerland is unlikely to strike a deal with the European Union this year over a stalled partnership treaty, its economy minister said, extending an impasse that has hurt bilateralRead More →
LONDON (Reuters) – Energy regulators on Saturday demanded an urgent report from the operator of Britain’s electricity grid into what caused a power cut that led to chaos across the country, with trains brought to a standstill and traffic lights knocked out. The hour-long outage on Friday evening left almostRead More →
FRANKFURT (Reuters) – German energy group E.ON (DE:) on Wednesday posted a 75% drop in operating profit at its retail unit, as a price cap in Britain continues to squeeze margins of local utilities. Second-quarter adjusted earnings before interest and tax (EBIT) declined to 21 million euros ($23.54 million) atRead More →
© Reuters. Britain reviews market for financial advice LONDON (Reuters) – Britain’s Financial Conduct Authority has begun a review of whether consumers are getting value for money from financial advice at a time of rapid changes in pensions and other products. The agency will assess whether changes made since 2012,Read More →
© Reuters. FILE PHOTO: A Nissan logo is seen at a car dealership in Sunderland By Costas Pitas LONDON (Reuters) – Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, warning two months before Brexit that uncertainty over Britain’sRead More →
Around one in three British businesses will shift some of their operations away from U.K. — or have already done so — as part of their preparations for a disorderly Brexit. That is according to a survey from lobby group the Institute of Directors, which surveyed 1,200 of its membersRead More →
© Reuters. Britain’s Chancellor fo the Exchequer, Philip Hammond, arrives in Downing Street, in central London LONDON (Reuters) – Britain will work with the financial industry to crack down on fraud, corruption and dirty money by launching a task force that will include senior banking figures, the finance ministry saidRead More →
