China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect programme. In a joint statement on Saturday, coinciding with an official visit to China by British finance minister Philip Hammond, the countries also said they opposed […]
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Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday as an unplanned shutdown of the UK’s biggest North Sea oil pipeline supported a market already tightened by OPEC-led production cuts. The Forties oil pipeline helps set global oil prices. It was scheduled to pump 406,000 barrels per day (bpd) in […]
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Uber lost the latest round in the battle over its operating model Friday, when a British panel ruled that the company’s drivers are workers, not independent contractors, in a decision with broad implications for the so-called gig economy. The Employment Appeal Tribunal upheld a lower panel’s decision, agreeing that the two drivers in this case […]
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Brighton has renewed Uber’s license to operate in the southern English city for six months while the local authority follows the outcome of London’s move to strip the taxi app of its license. “The decision on the length of the extension was taken to allow the council to monitor the outcome of the Transport for […]
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The UK economy unexpectedly accelerated in the third quarter, upping the pressure on the Bank of England to hike interest rates next month. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.4% in its initial estimate for July to September this year. The rise is above expectations of 0.3%, as […]
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Nigeria’s Corporate Affairs Commission says it has made provisions for foreign investors planning to invest in Nigeria to register their companies from UK, USA and China without coming into the country. The Registrar-General CAC, Bello Muhmud, made this known at a formal presentation of Quality Management Service standard certification to the commission on Thursday in […]
Read More U.K. Prime Minister Theresa May said she was “bitterly disappointed” with the U.S. government’s decision to slap duties of almost 220 percent on Bombardier’s C series aircraft, which threatens more than 4,000 jobs in Northern Ireland. May took to Twitter to vow she’ll work with the Montreal-based company to protect jobs. The prime minister had […]
Read More The CDC, a bilateral development finance institution of the United Kingdom, has unveiled a new five-year strategy for investment in Nigeria and other eligible countries in sub-Saharan Africa and South Asia. The organisation, in a statement on Thursday, said the strategy would direct more investments to conflict and fragile states, drive innovation and improve its […]
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The President, Muhammadu Buhari has left New York for the United Kingdom. Buhari left New York on Thursday where he attended the 72nd United Nations General Assembly meeting. The President on Tuesday addressed the gathering of world leaders at the United Nations General Assembly in New York, United States. He pledged Nigeria’s solidarity to the […]
Read More Inflation in Britain spiked up to 2.9 percent in the year to August, official figures showed Tuesday, in a development that has stoked speculation the Bank of England may raise interest rates sooner than expected regardless of how the country’s Brexit discussions shape up. The Office for National Statistics said the increase from the previous […]
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Nigeria’s former Finance Minister and Coordinating Minister for the Economy under the President Goodluck Jonathan administration Dr (Mrs) Ngozi Okonjo-Iweala, has been named an independent non-executive director at Standard Chartered PLC. Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries. According to […]
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Opportunities to trade in the United Kingdom and other countries to soon hit Nigeria’s stockbrokers as special training being organised by the Chartered Institute of Stockbrokers (CIS) in collaboration with the Chartered Institute of Securities and Investment (CISI) in the United Kingdom. By the proposed two-pronged joint training, slated for Friday, August, 10 to Friday, […]
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