Category: British
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British Airways resuming Israel service
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The airline announced that it will resume flights between Tel Aviv and London from April 5. British airline giant Airways has announced that it will resume flights to Israel from April 5, 2025. The airline’s return to Israel will be gradual. It will initially operate one daily flight on the…
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Steel industry urges government to choose British in offshore wind expansion
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The UK steel industry is urging the government to commit to buying British steel as part of the country’s planned offshore wind boom. Wind power now accounts for almost a third of UK electricity generation, yet less than 2% of steel used in offshore wind projects over the past five…
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Empowered Events revolutionised the British Business Excellence Awards with HP technology
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Founded three years ago by Sarah Austin, Empowered Events has quickly risen to prominence in the world of large-scale event management. Their company’s flagship project, the British Business Excellence Awards, has become the largest and most respected annual business awards program in the UK. However, behind the scenes, Empowered Events…
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British retailer warns Reeves’s budget will deliver a £50m ‘punch in the face’
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Fraser Group has warned that Rachel Reeves’ budget will cost it at least £50m next year, likening the impact on retailers to a “punch in the face”. Michael Murray, chief executive of the British retail group, said the latest financial measures would force companies to cut costs and could damage…
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British Firm Opens Innovative Facility in Central Asia, Led by Ovik Mkrtchyan
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British company GOR Investment has announced the launch of an innovative production facility in Central Asia. The new plant, located in Uzbekistan, will produce nanopowder of high-purity molybdenum trioxide. One of the project initiators, Technano Innovation, led by businessman Ovik Mkrtchyan, believes the project has the potential to boost demand…
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Ministers consider renationalising British Steel to save thousands of jobs
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The UK government is considering renationalizing British Steel in a bid to protect thousands of jobs at its Scunthorpe site, amid stalled negotiations with its Chinese owner, Jingyi, over a £1bn investment plan. Business Minister Jonathan Reynolds is leading discussions with Jingye to determine a financing agreement for the company’s…
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Revolut co-founder warns of British talent exodus amid remote working shift
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Young professionals are leaving the UK in favor of sunnier climates and more favorable tax regimes in southern Europe, according to Vlad Yatsenko, the billionaire co-founder and chief technology officer of digital banking giant Revolut. He warns that this trend poses a major challenge to Britain’s position as a global…
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British pension savers set to benefit from Trump’s pro-business policies
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British pension savers are set to benefit from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, especially in the US. Andrew Evans, CEO of Smart Pension Group, a leading UK pensions company, highlighted the positive impact of US emerging markets on UK pensions through…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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British Airways cancels Israel flights until March 2025
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British Airways has announced that it will not renew its flights to Israel until March 2025, significantly reducing the number of flights available between Tel Aviv and London. British Airways joins a long list of airlines including easyJet, Wizz Air, Virgin Atlantic and Delta Air that will not resume flights…
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Banksy stab-proof vest made famous by British rapper Stormzy sold for £780,000
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A stab-proof vest decorated with a Union Jack created by British street artist Banksy, similar to the one worn by hip-hop star Stormzy at the Glastonbury Festival, sold in London for 780,000 pounds ($1 million) on Wednesday. The jacket, made from former police uniforms, was one of five created by…
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Labour scraps plan for ‘British Isa’ aimed at boosting UK stock investment
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The Labour government is expected to abandon plans to create a “Britain Savings Account”, a scheme initially proposed by the previous Conservative administration to encourage investment in British shares. The move comes amid concerns that the initiative could complicate the individual savings account market rather than effectively support UK stocks.…
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UK data – British Retail Consortium (BRC) total sales in August, the strongest since March
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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British steel to cut 2,500 jobs despite £600m taxpayer-funded green initiative
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British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, putting 2,500 jobs at risk. The move comes as the Chinese-owned company seeks to accelerate its transition to green steel production, despite receiving £600m in taxpayer support. The company is in talks with…
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British holidaymakers to face €7 EU visa waiver by next summer
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British tourists planning trips to Europe will soon have to budget for a €7 visa waiver as the EU prepares to introduce the European Travel Information and Authorisation System (ETIAS) by the middle of next year. The EU confirmed that the scheme, which applies to more than 60 countries outside…
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Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…
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British Steel nears £600m Government bailout as Labour signals intent to break deadlock
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The UK government is close to approving a £600m bailout for British Steel, with the money set to be used to secure the future of the company’s Scunthorpe plant. The move comes as Labour has shown renewed determination to resolve long-standing issues with Chinese company Jinji, owner of British Steel,…
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Black British Business Awards announce 2024 finalists
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The finalists for the 2024 Black British Business Awards have been announced ahead of the ceremony in October. The BBBAwards return for an eleventh year to celebrate the outstanding achievements of black professionals and business people in the UK. Winners across six industry categories will be revealed at a ceremony…