UK

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South Africa’s leader cuts short UK visit after protests

South Africa’s president has cut short a visit to Britain to return home and deal with violent protests in a provincial capital. President Cyril Ramaphosa left the Commonwealth summit in London to respond to the turmoil in the North West capital of Mahikeng, where residents brought life to a standstill with protests over alleged corruption […]

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Britain outlines plans for 2025 coal-power phase out

Britain will set an emission limit on coal-fired power generators from Oct. 1, 2025, forcing them to close unless they are fitted with carbon capture technology, the government said on Friday. As part of its efforts to meet the country’s climate targets, Britain in 2015 announced it would end “unabated” coal-fired power generation – plants […]

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UK car sales drop in 2017 for first time in 6 years

The British car industry association says automobile sales in the country fell in 2017 for the first time in six years and are set to fall further this year largely because of subdued economic growth. The Society of Motor Manufacturers and Traders said Friday that overall demand fell 5.7 percent in 2017 to 2.54 million […]

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UK may use taxes to get tech giants to do more to fight extremism, minister says

Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalising people or helping them to prepare attacks, the country’s security minister said. Ben Wallace accused tech firms of being happy to sell people’s data but not to give […]

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UK employers downbeat on economy, less confident about hiring – survey

Fewer British employers plan to hire extra staff next year due to one of the gloomiest economic outlooks since Britain voted to leave the European Union in June 2016, a monthly recruitment industry survey showed on Wednesday. The data from the Recruitment and Employment Confederation (REC) chime with official figures showing a falling number of […]

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UK’s court orders remittance of $85 million Malabu oil loot to Nigeria

After many years of legal fireworks, the United Kingdom has given the final clearance for Nigeria to draw down a whopping $85 million seized from entities embroiled in the controversial Malabu Oil scam. The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, who confirmed the development to correspondents last night in […]

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China, UK vow to strengthen cooperation on economic, financial, trade issues

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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UK’s finance industry warned Brexit could threaten global crown

Britain has retained its crown as the world’s leading financial centre in 2017, but a leading City lobby group says the UK’s position should not be taken for granted in light of emerging Brexit risks. A new report by TheCityUK says that Britain topped the charts with a total financial trade surplus of 77 billion […]

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Britain’s FTSE holds steady after UK inflation hits 6-year high

UK shares eased only slightly on Tuesday after data showing UK inflation rose to its highest in six years pushed up the pound, with rising oil prices keeping the benchmark index in positive territory. At 1000 GMT, the blue-chip FTSE 100 was up 0.17 percent at 7466.35 points after a 0.7 percent gain during the […]

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F-35 fighter jet production `provided massive boost to UK economy´

Britain’s economy has been boosted by the F-35 stealth fighter jet with UK companies playing a vital role in the aircraft’s production, the company behind the warplane said. American company Lockheed Martin is manufacturing the multimillion-pound supersonic aircraft, which the UK has pledged to buy 138 of over the coming decades. The cutting-edge F-35B warplanes […]

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UK factories enjoy best month for new orders since 1988 – CBI

British factories enjoyed the biggest deluge of new orders in nearly three decades this month, an industry survey showed, adding to signs that the post-Brexit vote fall in the value of sterling is helping manufacturers. The Confederation of British Industry’s industrial order book balance surged in November to +17 from -2 in October, marking its […]

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UK economy holds steady but outlook remains weak – CBI

Growth in Britain’s private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit concerns for companies mean growth will probably stay modest, an industry survey showed. The Confederation of British Industry’s monthly indicator of output for manufacturers, retailers and services companies remained at +11, […]

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