LONDON: Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties…
Economy
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ChinaEconomyFeaturedGlobal NewsMilitaryNewsRussiaUKUnited KingdomWorld News
UK to Spend Extra £5bn on Military to Counter Intensifying Threats From China and Russia
by Lucas Hayesby Lucas HayesThe revised defence, security and foreign policy review will describe the Chinese Communist Party as an “epoch-defining challenge”. But the top priority will be to tackle the “fundamental risk” to…
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BusinessEconomyFeaturedGlobal NewsKazakhstanNational SecurityNews
Kazakhstan Reduces Freight Transit Time by Half via Trans-Caspian International Transport Route
by Lucas Hayesby Lucas HayesKazakhstan’s efforts to promote the Trans-Caspian International Transport Route (TITR) enabled the country to halve the cargo transit time from 12 to 6 days. This was announced at a government…
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EconomyFeaturedGlobal NewsNewsUKUnited KingdomWorld News
Government Races to Reassure US That Banking System is Safe
NEW YORK (AP) — Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after…
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EconomyFeaturedGlobal NewsNewsUKUnited KingdomWorld News
HSBC Swoops in to Rescue UK Arm of Silicon Valley Bank
HSBC has swooped to buy the UK arm of collapsed US Silicon Valley Bank (SVB), bringing relief to UK tech firms who warned they could go bust without help. Customers…
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BusinessEconomyFeaturedGlobal NewsNational SecurityNewsRussia
Russian Tech Giant VK Orders Employees to Return From Abroad
by Keegan Rossby Keegan RossRussian tech giant VK has effectively banned employees from working abroad permanently, state news agencies reported Wednesday, citing a company letter to workers. VK, which employs more than 10,000 people,…
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EconomyFeaturedGlobal NewsGolfNewsUKUnited Kingdom
Trump golf courses face major financial problem from Brexit
Brexit is costing Trump’s UK-based golf courses millions of dollars per year. Donald Trump was a major proponent of Brexit in 2016, prompting Britain to leave the European Union. Trump…
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BusinessEconomyEnglandEuropeFeaturedGlobal NewsNewsTechnologyUKUK Government
Starmer: UK car industry ‘needs to be saved’
Labour leader Sir Keir Starmer says a strategic plan is needed to save the UK car industry, after the collapse of Britishvolt, the country’s biggest project to build electric car…
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EconomyEnergyEnglandEnvironmentEuropeFeaturedGlobal NewsNatural GasNewsUKUK Government
Energy bills rise for 2.5 million homes on Economy 7
by Flynn Owenby Flynn OwenAbout 2.5 million households in Britain have seen their annual energy bill go up by an average of £116 despite the government fixing prices until April. Those on Economy 7…
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BusinessChristmas & New YearsEconomyEnglandEuropeFeaturedGlobal NewsNewsUKUK GovernmentWorld News
Christmas cutbacks cause shock drop in shop sales
Shop sales fell by 1% in December from the month before as people reined in their spending. Retailers said “consumers are cutting back on spending because of increased prices and…