London CNN — British voters have handed the Labour Party its first election victory in almost two decades, hoping that a new center-left government will revive Britain’s ailing economy and fix collapsing public services. The landmark moment draws the curtain on 14 years of tumultuous rule by the Conservative Party — defined by austerity, Brexit...
Category: Bussiness
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Latest Business News, Live Updates Today July 5, 2024
Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on July 5, 2024: Prime Minister Narendra Modi meets with United Kingdom PM Rishi Sunak on the sidelines of the 50th G7 Summit, in Apulia on Friday. Follow for stories on...
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UK General Elections Result Live: PM Rishi Sunak to formally resign after making statement at 3 pm – The Economic Times
06:13:14 AM IST, 05 Jul 2024 Jailed Engineer Rashid, Amritpal to take oath as LS members today Jailed radical Sikh preacher Amritpal Singh and Kashmiri leader Sheikh Abdul Rashid are set to take oath as Lok Sabha members on Friday, subject to some conditions in their parole orders. While Rashid, popularly known as Engineer Rashid,...
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Mortgage News: HSBC, Barclays, YBS Each Trim Rates Ahead Of Expected Bank Rate Cut
Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 4 July: Competition Intensifies For Borrower Business HSBC, Barclays and Yorkshire building society have announced reductions to the cost of fixed-rate borrowing in the footsteps of other major lenders including Halifax, NatWest and Santander as...
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US imposes sanctions on SA, Chinese firms for ties to Oudtshoorn flight school | Business
J-10 fighter jets of Chinese air force’s August 1 Aerobatic Team perform during Airshow China 2022 at Zhuhai Air Show Centre in Zhuhai, Guangdong Province of China. (Zhou Guoqiang/VCG via Getty Images) Two of the companies are in China, one in South Africa, two in the United Arab Emirates, and one in the United Kingdom....
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4.3%: Why has UK economy grown so slowly under the Tories?
As the United Kingdom gears up for a general election on Thursday, one issue has emerged at the forefront of voters’ minds – the state of the economy. Since the ruling Conservative Party entered office 14 years ago, the UK’s economy has slowed dramatically. The slowdown is particularly stark when immigration-driven population growth is accounted...
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UK business group hits out at climate change ‘silence’ during election – Offshore Technology
CBI chief executive Rain Newton-Smith. Credit: Bloomberg/Contributor. The CBI has attacked what its sees as the “deafening silence from all the parties about the issues of climate change” during the UK’s General Election campaign. Rain Newton-Smith, CEO of the influential business body, said in a speech on Monday that the next government cannot claim to...
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UK trade union Unite suspends strike action at Tata Steel’s Port Talbot
4 min read Last Updated : Jul 02 2024 | 12:25 AM IST (This report has been updated) UK trade union Unite on Monday suspended industrial strike action at Tata Steel’s operations in South Wales slated for next week. In a statement, the trade union said that its current industrial action...
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United Kingdom’s Long-Run Prosperity Hinges on Ambitious Reforms
United Kingdom’s Long-Run Prosperity Hinges on Ambitious Reforms By the UK team, IMF European Department July 11, 2023 Reforms could bolster productive potential and ensure the country remains a global innovation leader Although the United Kingdom is...
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UK election: does your vote match your drink? – The Spirits Business
With the UK going to the polls this week (4 July), new data has revealed how people’s voting intention matches their alcohol drink preference. Most respondents said they would vote for Labour – except for fans of one particular drink Non-profit organisation More in Common has compiled the data through fieldwork from 17-19 June. As...
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Fiverr Report: 83% of U.K. Businesses Increasing Wages for AI Skills
The majority of U.K. businesses are willing to offer higher wages to candidates with skills in AI, a new report has found. Hiring managers will pay 45% more on average for those with demonstrable expertise in areas like natural language processing, AI content creation and chatbot development. However, the necessary AI skills are hard to...
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Inverness Schoolchildren lift STEM Challenge Trophy – Scottish Business News
SECONDARY school pupils from across the United Kingdom were in Aberdeen recently for the culmination of an annual nationwide competition organised by Global Underwater Hub. The young students were taking part in the final of the organisation’s STEM Challenge competition, which tests the science, technology, engineering and mathematics (STEM) skills of 13 and 14-year-old pupils. ...