LONDON — The United Kingdom’s music industry is at a “tipping point” due to increasing competition from other international markets and the threat posed by unregulated generative Artificial Intelligence (AI), the head of umbrella organization UK Music has warned. In 2023, the music industry contributed £7.6 billion ($9.6 billion) to the country’s economy, up 13%...
Category: Bussiness
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UK visa centres in Nigeria to transition to new supplier, introducing new locations in 2025
The UK Visa Application Centres (VAC) in Nigeria will transition to a new supplier in 2025, which may result in changes to the locations where applicants submit and collect their visa applications. Some applicants may need to visit different centres during this transition and will be notified via email with further instructions if their application...
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British software company Microlise confirms hackers compromised corporate data
Microlise, the Nottingham-based telematics business, confirmed on Monday that hackers compromised corporate data from its headquarters during a cyberattack three weeks ago. The attack on Microlise had knock-on effects on the company’s customers, including leaving British prison vans without functioning tracking systems or panic alarms. In a statement to the London Stock Exchange, Microlise said...
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Trump tariffs ‘to deal £20bn blow to British economy’
Thanks for joining me. We begin the day with a warning that tariffs from Donald Trump’s impending administration could deliver a £20bn blow to the UK economy. The CEBR said the president-elect’s plans for 60pc tariffs on Chinese goods and 20pc on the rest of the world, without retaliation, would deliver a 0.9pc blow...
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UK man, heir to ₹2,500 crore business empire, under trial for friend’s murder
A court trial has commenced for a 24-year-old British man, heir to a prominent business empire, for allegedly stabbing a childhood friend to death on Christmas eve last year in Cardiff, Wales. Accused Dylan Thomas (BBC) Dylan Thomas, accused of killing William Bush, 23, is the grandson of Sir Gilbert Stanley Thomas, whose empire of...
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Why British High Commission installed London phone booth at Lagos Airport
The British High Commission has installed a replica of the London phone booth at the Murtala Muhammed Airport Terminal Two (MMA2) to mark the kick-off of its ‘JollofandTea’ campaign in Lagos. The commission’s Head of Communications, Ms Aseosa Uwagboe, told the News Agency of Nigeria (NAN) that the campaign was to support cultural and creative...
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Viljar Lubi: British business awaits bold governmental decisions
Rapidity and flexibility are also being leveraged right now by the U.K. and its government. The basis of a successful economic policy is entrepreneurial risk-taking. Unfortunately, the world is no longer as predictable and secure as we were used to even five years ago. But the economy’s fundamentals have not changed much. So does this...
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UK economy barely grew between July and September
Speaking to the BBC, the chancellor said growth was the “number one mission” of the government, and she wanted “growth to be stronger and to be felt by families across the United Kingdom”. Reeves had been accused of talking down the economy ahead of the Budget, but asked if her comments had affected spirits, she...
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UK economy barely grew between July and September
Getty Images The UK economy barely grew between July and September, with uncertainty about the Budget being blamed for the weak growth. The economy slowed over the three-month period, growing by just 0.1%, and shrank during September itself. Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves...
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British Business Bank completes £250m LIFTS investment with Schroders Capital
The British Business Bank has completed its £250m commitment to the fund, which will be matched by £250m of pension investment from Phoenix Group, creating a £500m investment vehicle. Phoenix’s investment will be made through its new private markets joint venture with Schroders, Future Growth Capital. Following approval from the UK’s Financial Conduct Authority in...
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Reset to Hong Kong-UK ties? Country’s official to meet city leaders during visit
A senior official from the United Kingdom is in Hong Kong to meet government officials and the British business community, in a sign the country’s new administration is moving to revitalise bilateral relations after a fraught few years. Minister for the Indo-Pacific Catherine West arrived the day before to “discuss areas of cooperation and challenge...
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Capco launches energy practice in the UK market
Global management and technology consultancy Capco has rolled out its energy practice in the UK. The wing will be headed up by Rob Deakin, who has been with the consultancy for more than 13 years. With a growing client portfolio comprising of over 100 global organisations, Capco is a global technology and management consultancy specialising...