Britain’s Nationwide almost doubles profit as costs fall
Nationwide Building Society (POB_p.L) nearly doubled annual profit after improving interest income and margins as it shaved costs, it said on Friday.
Bank of England plans to ‘green’ its corporate bond holdings
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings in sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions, starting later this year.
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday.
‘Flattered’ Russian spy chief denies SolarWinds attack – BBC
Russia’s spy chief on Tuesday denied responsibility for the SolarWinds (SWI.N) cyber attack but said he was “flattered” by the accusations from the United States and Britain that Russian foreign intelligence was behind such a sophisticated hack. The United States and Britain have blamed Russia’s Foreign Intelligence Service (SVR), successor to the foreign spying operations of the […]
UK jobless rate falls again, hiring up as lockdown eases
Britain’s unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and hiring rose further in April, according to data that showed employers gearing up for the easing of curbs. Economists polled by Reuters had expected the rate to hold at 4.9%, and the reading added to […]
Yet another EU threat, says UK PM’s spokesman over French financial services move
A French move to delay a European Union financial services deal with Britain over fishing access is another example of the bloc issuing threats at any sign of difficulty, a spokesman for Prime Minister Boris Johnson said on Thursday. Paris has said it will delay the financial services deal until Johnson grants EU fishermen fair […]
EXCLUSIVE China urges U.N. states not to attend Xinjiang event next week
China has urged United Nations member states not to attend an event planned next week by Germany, the United States and Britain on the repression of Uyghur Muslims and other minorities in Xinjiang, according to a note seen by Reuters on Friday. “It is a politically-motivated event,” China’s U.N. mission wrote in the note, dated […]
Prize winner? Welcome to Britain with relaxed visa requirements
Prize winners in the sciences and arts will have their applications to be able to live and work in Britain fast-tracked from Wednesday, the interior ministry said, pressing its post-Brexit pledge to attract only the “best and brightest”. Since completing its exit from the European Union, Britain has introduced a new system for work visas […]
G7 mulls a message to China: the West ain’t over just yet
The Group of Seven rich democracies will on Tuesday discuss ways of countering challenges from China and Russia without trying to contain Beijing or escalate tension with the Kremlin, two of its top diplomats said. Founded in 1975 as a forum for the West’s richest nations to discuss crises such as the OPEC oil embargo, […]
Britain’s Princess Charlotte to celebrate sixth birthday
Britain’s royal family released a photograph on Saturday of a smiling Princess Charlotte, one of Queen Elizabeth’s great-grandchildren, the day before the princess celebrates her sixth birthday. Charlotte is fourth in line to the British throne and is the only daughter of Prince William, Elizabeth’s grandson, and his wife Kate, Duchess of Cambridge. In the […]
